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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.

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24 Apr 2019 11:45

Vela Technologies Raises GBP400,000, Makes Further Investment In Portr (ALLISS)

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