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Pin to quick picksVela Technologies Share News (VELA)

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TRADING UPDATES: Tintra receives bid approach; NCC trading in line

Thu, 07th Sep 2023 20:27

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Amur Minerals Corp - Russia-focused nickel copper sulphide exploration company - Confirms that trading in the company's shares on AIM will be suspended with effect from today. Following the disposal of the AO Kun-Manie subsidiary, Amur became classified as an AIM Rule 15 cash shell and was required to make an acquisition or acquisitions which would constitute a reverse takeover under Rule 14 of the AIM rules for companies, or be re-admitted on AIM as an investing company under AIM rules on or before the date falling six months from March 6. As neither of these events have taken place, shares have been suspended. If no transaction has taken place in a further six months, trading in the shares will be cancelled.

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NCC Group PLC - Manchester-based cybersecurity company - Expects to report adjusted earnings before interest and tax in line with the outturn outlined in June's trading update. Current trading is in line with expectations with cost efficiencies across Cyber Security and corporate functions already being realised. In financial year 2024, expects to make modest improvement in adjusted Ebit driven by both the Cyber Security and Software Resilience businesses. Execution of the next chapter of the strategy is progressing well, with its global delivery and operations centre in Manila opening by the end of September 2023. Says results will now be released on September 27, and not September 14 as previously advised as the auditor has requested more time to complete all procedures.

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Vela Technologies PLC - early stage-focused technology investor - Further to announcement on August 15, notes that Murphy Canyon Acquisition Corp has recently announced that the special meeting of stockholders to approve its initial business combination with Conduit Pharmaceuticals Ltd has been postponed and will now be held on September 13. The meeting will also discuss Murphy's planned acquisition of an economic interest in AZD1656 from Vela for GBP4.0 million. Vela paid GBP2.4 million for an 8% economic interest in this asset in October 2020, which Murphy aims to buy for GBP4.0 million.

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Triple Point Social Housing REIT - London-based real estate investment trust - Reports EPRA net tangible assets per share of 111.31 pence at June 30, little changed from 111.80p the year before. Adjusted earnings per share fell to 2.21p from 2.57p. Dividend was unchanged at 2.73p.

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Renalytix PLC - London-based kidney health-focused diagnostics company - Appoints Howard Doran as chief business officer from September 1. His primary responsibility will be leading the KidneyIntelX global sales effort.

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Helium One Global Ltd - helium explorer in Tanzania - Raises GBP6.3 million from placing, subscription at 6 pence per share. Further, raises GBP0.5 million by a retail offer taking total proceeds of fundraise to GBP6.8 million.

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Restore PLC - London-based provider of digital and information management and lifecycle services - Jamie Hopkins, executive director, buys 47,350 shares at an average price of 210.1 pence worth GBP99,482.35. Following this transaction Hopkins holds 54,756 shares.

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Lexington Gold Ltd - gold exploration and development company with projects in the US states of North and South Carolina - Completes the acquisition of White Rivers Exploration Proprietary Ltd, an exploration and development company with significant gold assets in South Africa. Lexington Gold is now the sole ultimate beneficial owner of WRE with a 26% interest to be issued to Lexington Gold's partners in due course which will serve to reduce firm's resultant interest in WRE to 76%. In talks with a well-known group in South Africa and will announce further details when this transfer of ownership has been completed. As part of acquisition, issues 36.1 million new shares to rise GBP2.24 million, representing 35% of the maximum Lexington Gold equity of up to GBP6.4 million to be paid as consideration under the WRE acquisition and loan agreements.

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Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes release by its portfolio company, Little Green Pharma Ltd. Results of study show medicinal cannabis significantly improves pain, quality of life & fatigue. Study was of 2,327 Australian patients.

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Yourgene Health PLC - Manchester, England-based molecular diagnostics group - Says at court sanction hearing today the court issued the court order sanctioning the scheme which facilitates the takeover by Novacyt SA. Confirms today will be last day of trading in Yourgene shares with trading suspended from September 8.

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Tintra PLC - builder of banking and infrastructure technology systems - Agrees in principle a possible cash offer by LRB 35 Ltd, an unquoted special purpose vehicle, currently controlled by its directors, Tariq Al Abdulla and Andrew Bascombe, but with backing from other existing non-management shareholders of Tintra, to acquire the company. Bid values each share in Tintra at 150 pence per share with a share exchange alternative. Board is minded to recommend the offer should a firm intention be made.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Jul 2022 12:42

Vela Technologies portfolio expands in June quarter

(Sharecast News) - Early-stage technology investor Vela said in an update on Friday that its portfolio comprised a total of 13 active investments at the end of the June quarter, up from 12 at the end of March.

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22 Jul 2022 11:21

IN BRIEF: Vela Technologies posts rise in investment portfolio value

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Portfolio valuation stands at GBP6.0 million as at June 30, up 7.1% compared to GBP5.6 million as at March 31.

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4 Jul 2022 05:51

Community-owned shopping platform WeShop launches, with IPO in sight

(Alliance News) - British tech firm WeShop is launching itself as the world's first community-owned social e-commerce platform, offering shoppers shares in the group every time they make a purchase.

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23 Jun 2022 14:47

IN BRIEF: Vela Technologies takes 5% stake in TruSpine Technologies

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Invests GBP300,000 in TruSpine Technologies PLC. Vela subscribes for 6.0 million TruSpine shares, giving Vela a 5.1% stake. Vela doesn't provide the price per share that it paid, but the amount paid would equate to a price of 5 pence per TruSpine share. The stock was quoted on Aquis Stock Exchange in London on Thursday afternoon at 4.8p.

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14 Jun 2022 17:47

IN BRIEF: Vela to look into TruSpine share buy without board consent

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Notes subscription for GBP300,000 in shares in AQSE-listed medical device firm TruSpine Technologies PLC on Friday last week, made on Vela's behalf as part of a placing conducted by TruSpine.

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19 May 2022 20:37

EnSilica targets GBP38 million market value in AIM float

(Alliance News) - Semiconductor designer and supplier EnSilica PLC on Thursday said it will float on London's junior AIM Market on Tuesday.

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10 May 2022 18:08

IN BRIEF: Semiconductor designer Ensilica targets AIM IPO in late May

Ensilica PLC - Oxfordshire-based semiconductor designer and supplier with design centres in India and Brazil - Expects admission to London's Alternative Investment Market in late May. Since 2001, has been a supplier and designer of mixed-signal Application Specific Integrated Circuits, a type of integrated circuit or semiconductor chip developed for specific purposes, rather than general use. Its customer base consists of global corporations, original equipment manufacturers and technology start-ups. Details of initial public offering price or expected market capitalisation are yet to be confirmed.

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30 Mar 2022 12:53

IN BRIEF: Vela Technologies rises after acquiring stake in Ingraine

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Acquires a 29% interest in the medical technology investment company Ingraine PLC. The stake was acquired for GBP430,705 at 1.8 pence per Ingraine share. Vela says the investment is part of its commitment to be more active in identifying opportunities for "fast-track returns".

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7 Mar 2022 12:01

Vela Technologies notes positive data for Covid-19 therapy trial

(Alliance News) - Vela Technologies PLC noted a positive outcome on Monday for a Covid-19 therapy trial by Herfordshire, England-based medical charity St George Street Capital Ltd.

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7 Feb 2022 11:25

AIM WINNERS & LOSERS: Pantheon Resources rises on Talitha flow rates

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7 Feb 2022 11:12

Vela Technologies' investment portfolio value rises on new investment

Vela Technologies' investment portfolio value rises on new investment

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17 Jan 2022 16:10

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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17 Jan 2022 13:02

Vela puts £0.75m into integrated circuit company EnSilica

(Sharecast News) - Technology investment company Vela has invested £0.75m in EnSilica, it announced on Monday, which it described as a fabless semiconductor design business focused on custom mixed-signal application-specific integrated circuits (ASICs).

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17 Jan 2022 12:48

TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

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7 Jan 2022 17:37

IN BRIEF: Vela nets GBP182,500 from sale of Northcoders shares

IN BRIEF: Vela nets GBP182,500 from sale of Northcoders shares

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