Last checked at 
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Bidstack Group PLC - London-based in-game advertising platform - Raises GBP10.5 million through a REX retail offer of 16.7 million shares at a price of 2.85 pence to existing retail investors. Separately, announces it raised GBP10 million through a share subscription by Irdeto BV.
----------
Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Shares will be marked ex-dividend on October 13. Notes continued improvement in hours flown by its aircraft operated by Thai Airways, resulting in the power-by-the-hour rental receipts being higher than expected.
----------
Braemar PLC - London-based shipbroker and advisor in shipping investment - Says 29% of shareholders voted against the approval of the directors' remuneration report at its annual general meeting. Says that it considers the existing report in the "best interests of all stakeholders of the business" and thus continues to support the report in its present form.
----------
Carclo PLC - West Yorkshire-based plastic parts manufacturer - Appoints Frank Doorenbosch as chief executive officer with immediate effect. Nick Sanders will remain as chair until December 31. Firm says it will appoint a new chair "in due course".
----------
Independent Investment Trust PLC - Edinburgh-based investment trust - Publishes circular in relation to the recommended proposals for the voluntary winding up of the company and combination with Monks Investment Trust PLC. Says proposals are expected to result in an uplift in the valuation of shareholders' investments due to the narrower discount to net asset value at which the Monks Investment Trust shares have historically traded. Separately, Monks Investment Trust publishes a prospectus in relation to the agreement. Says that it will seek approval from its shareholders for the implementation of the proposals at a general meeting. Adds that the Monks portfolio will continue to be managed on the same basis as it is currently. Monks is an Edinburgh-based investment trust, which focuses on long-term investment growth from equities.
----------
Xtract Resources PLC - Australia, Mozambique and Zambia-focused gold producer, exploration and development company - Announces assay results for follow-up drill holes which were drilled to further investigate the copper-gold intersections in drill hole BRDD-21-035 on the Bushranger project in New South Wales, Australia. Confirms the presence of two "significant" porphyry systems at the Racecourse and Ascot prospects at the project. Notes mineralisation of 18 metres at 1.8% copper equivalent from 432 metres, which Chair Colin Bird says is among the highest grade intervals intersected to date on the project.
----------
NIOX Group PLC - Oxford-based developer of medical devices for asthma diagnosis and management, formerly known as Circassia Group - Seeking reduction for a capital reduction from the UK High Court following approval from shareholders at a general meeting. Court hearing is expected on November 8. Capital reduction expected on November 18. Adds dates are subject to change. Says is has no immediate plans to utilise the approval to make a market purchase of up to 10% of its issued share capital as at September 13.
----------
Ascent Resources PLC - onshore Caribbean, Hispanic American and European-focused natural resources company - Seeks high court judge-supervised mediation process along with its Slovenian joint venture partner Geoenergo. Firm begins arbitration proceedings against Geoenergo to seek a binding and enforceable resolution. Process targeting the immediate payment to Ascent of its share of the 2022 PG-10 and PG-11A hydrocarbon sales revenues agreed with Geoenergo but currently withheld. Also seeks a binding resolution on which wells are included in Ascent's revenue entitlement. Says total claim in excess of EUR4 million. Expects progress on process ahead of the year-end. Expects to conclude disputed matters with Petrol Geo, the JV's operating service provider, following this. In the meantime, firm to enter mediation process with Petrol Geo in the final quarter of 2022. Mediation process amounts to claims of around EUR1.6 million in total.
----------
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
