TRADING UPDATES: Distribution Finance lending up; Thruvision strong

Wed, 12th Oct 2022 18:13

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

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Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Its holding company, Georgian Renewable Power Operations JSC, which holds its operational renewable energy assets, closed a USD80 million green secured bond offer. The 5-year notes carry a 7.0% coupon. Chief Executive Irakli Gilauri notes this is its largest-ever corporate bond placement in Georgia.

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Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products and working capital to dealers and manufacturers - Says loan book reaches GBP334 million at September 30, up 34% since the start of the year. Chief Executive Carl D'Ammassa says: "The momentum we reported through the first half of the year has continued during the third quarter as we head into the critical re-stocking period and expect to see continuing loan book growth."

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Thruvision Group PLC - Abingdon, England-based people-screening technology - Expects revenue of GBP2.8 million for six months to September 30, which is up 41% year on year. Says USD8.3 million order backlog to be delivered during second half. Adds: "The group is entering a new phase in its development. With the strategically significant purchasing framework now in place with Customs & Border Protection; a material order backlog in place for our second half; and the balance of opportunities we see across our various end markets, we expect to deliver strong growth this financial year." Expects to break even this financial year, ending March 31.

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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Says North Fork Community Power LLC enters agreement for a financial restructuring with the project lenders, for provision of a standby facility, of USD4.3 million. Notes this will see full funding for the project up to the commercial operations date. "The third-party funding has been agreed as part of a pre-negotiated petition filed by NFCP for relief under Chapter 11 of the US Bankruptcy Code," it explains. Firm is investor in North Fork project and plant uses its fuel technology.

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Ecora Resources PLC - London-based natural resources royalty company - Starts trading on the OTCQX Best Market in the US. "Trading on OTCQX will enhance the visibility and accessibility of the company to US investors. Ecora's shares will continue to trade on the London and Toronto Stock Exchanges," it adds.

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By Paul McGowan; paulmcgowan@alliancenews.com