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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
1 Oct 2018 15:18

Vela Tech Negotiates Loan Repayment With Both Shareholder And Director

LONDON (Alliance News) - Vela Technologies PLC on Monday said it has extended the repayment date for half of its GBP400,000 loan notes, and that the holder of the other half of these notes will an

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27 Sep 2018 15:36

Vela Technologies Annual Loss Widens On Lower Value Of Investments

LONDON (Alliance News) - Vela Technologies PLC on Thursday said its loss widened in its financial year 2018 following a reduction in value of its investments.The investment company said its

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19 Jun 2018 11:22

Vela Technologies Invests GBP200,000 In Event Ticket Marketplace

LONDON (Alliance News) - Early stage-focused investment company Vela Technologies PLC said on Thursday it has invested GBP200,000 into Vibe Group Holdings Ltd, the holding company of Vibe Tickets

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11 Jun 2018 12:21

Argo Blockchain To Raise GBP20 Million Via London IPO (ALLIPO)

LONDON (Alliance News) - Argo Blockchain PLC said Monday it plans to raise GBP20 million via initial public offering of its shares on the main market of the London Stock Exchange.The of the

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29 May 2018 14:15

Vela's Investee Changes Name And Operations Prior To TSX Listing (ALLIPO)

LONDON (Alliance News) - Vela Technologies PLC on Tuesday said African Hydrocarbons Inc confirmed the name change to BlockchainK2 Corp as it prepares to list on Toronto Stock Exchange.The a

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21 May 2018 14:51

Vela Investing In African Hydrocarbons After BlockchainK2 Name Change

LONDON (Alliance News) - Vela Technologies PLC announced today that African Hydrocarbons Inc has been given conditional approval from the Toronto stock exchange to change its name to BlockchainK2

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9 May 2018 12:54

Vela Technologies Investee Vibe Tickets Enters Administration

LONDON (Alliance News) - Shares in Vela Technologies PLC fell on Wednesday as it said investee THEVIBE Ltd went into administration at the end of April.Vela shares were trading at 0.40 down

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29 Mar 2018 10:50

Vela Technologies Invests GBP150,000 More Into Travel Start-Up Portr

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Thursday it had invested a further GBP148,466 in travel technology company Portr - which as

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16 Mar 2018 14:24

Vela Technologies BTL Stake Worth GBP2.3 Million After Shares Fall

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Friday its stake in portfolio firm BTL Group Ltd was worth GBP2.3 million despite share as -

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14 Feb 2017 12:41

Vela Notes Blockchain Pilot Project For Investee Firm BTL Group

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13 Jan 2017 15:44

Vela investment BTL makes progress in energy and finance spaces

(ShareCast News) - Early stage and pre-IPO disruptive technology investment firm Vela noted an announcement released by BTL Group on Friday, which provided details on BTL's blockchain pilot project with a leading energy company and an update on BTL's previously-announced pilot in the finance and ban

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15 Nov 2016 12:21

Vela Technologies confirms THEVIBE Ltd raises c.£600,000

(ShareCast News) - Vela Technologies has confirmed that THEVIBE Ltd's funding round via Crowdcube funding has raising a total of £608,890. THEVIBE Ltd trades as Vibe Tickets. Vela said it invested £200,000 in Vibe Tickets as part of this funding round. After completion of the funding round, Vela ho

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4 Oct 2016 14:31

Vela Technologies chips in to Vibe Tickets fundraising

(ShareCast News) - Early stage and pre-IPO disruptive technology investing company Vela Technologies announced on Tuesday that, following the announcement of the loan note fundraising on 9 September, it has been approached with regards to new potential investment opportunities. The AIM-traded firm s

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9 Sep 2016 10:36

Vela Technologies issues loan notes to raise £400,000

(ShareCast News) - Early-stage technology investor Vela Technologies issued convertible loan notes to certain shareholders to raise £400,000 for working capital and future investments. The loan notes were only made available to certain shareholders of the AIM-listed company, including one of its dir

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5 Sep 2016 15:36

Vela Technologies improves minuscule revenue, widens loss

(ShareCast News) - Vela Technologies, the investing company focused on early-stage and pre-IPO disruptive technology investments, announced its results for the year ended 31 March on Monday. The AIM-traded firm reported total revenue for the year of £9,000, up from £8,000 in the year before. Its to

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