(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Cellular Goods PLC - London-based cannabidiol-focused skincare brand - Says cannabinoid face oil product will be available as part of beauty products seller Sephora UK's Beauty Box subscription service. "Cellular Goods is the first CBG-based skincare brand to be offered as part of the Beauty Box subscription service from Sephora UK, the multinational beauty and cosmetics retailer. Sephora's Beauty Box is an elevated pick and mix subscription service for its customers and is the only premium beauty box subscription in the market which allows customers to select their own products to trial each month," Cellular says.
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Beximco Pharmaceuticals Ltd - generic pharmaceutical products and active ingredients manufacturer - Net revenue in first-quarter ended September rises 14% on-year to BDT11.16 billion, around GBP81.7 million, from BDT9.79 billion a year prior. Pretax profit increases 9.1% to BDT2.05 billion from BDT1.88 billion. "Amidst challenges, we delivered strong growth in revenue in this first quarter. The ongoing macro-economic headwinds, especially the devaluation of currency and high inflationary pressures, weigh on our bottom line and somewhat overshadow our accomplishment. That said, we remain confident in the strength of the business and our strategy as we continue to focus on growth through the delivery of high-quality, affordable medicines to patients," Managing Director Nazmul Hassan says.
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D4t4 Solutions PLC - Sunbury-on-Thames, England-based data management platform - Approves share buyback of 500,000 ordinary shares. Maximum price per share can be no higher than 105% of the average middle market closing price in the five days prior to any buyback. "Subject to this price limit, the company has also stipulated that ordinary shares may be purchased for no more than 250 pence per share," it says. It means the buyback cannot total more than GBP1.3 million. It adds: "The company intends to hold all ordinary shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes."
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S-Ventures PLC - investor in natural, wellness and food tech brands - Secures bridging loan facility of GBP1 million, largely for short-term working capital purposes. Will be repayable in six months. "The facility has been secured through a Middle Eastern family office and enables S-Ventures to secure working capital as it works through its fundraise plans and process. The facility is in two tranches of GBP500,000," S-Ventures says. Facility has a 2% per month interest rate.
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Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Concludes legal documentation for extension to its asset-backed debt facility with A&T Investments SARL and to tranche A of its prepayment agreement with Mercuria Energy Trading SA.
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By Eric Cunha, Alliance News news editor
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Beximco Pharma (BXP)
Vast Res (VAST)