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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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TRADING UPDATES: Jadestone Energy holds production and capex targets

Fri, 30th Jun 2023 19:54

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

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Essentially Group PLC - UAE-based health food company - Announces a summary of final results for its operating company, Essentially Juices manufacturing LLC for the year ended December 31 2022. Chief Executive Raja Wail Abuljebain says results "demonstrate our ability to capitalize on the UAE's thriving consumer economy and the increasing demand for nutritious juices and snacks." Revenue rose to AED4.7 million from AED3.3 million while pre-tax loss widened to AED2.0 million from AED1.3 million.

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Jadestone Energy PLC - oil and gas production company focused on Asia-Pacific region - Reaffirms 2023 group production, underlying operating cost and capital expenditure guidance. Says the Akatara gas development project in Indonesia remains on plan, budget and schedule for first gas in the first half of 2024. Intends to create role of chief operating officer.

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JPMorgan Global Core Real Assets Ltd - London, England-based trust - Says net asset value per share rose to 102.0 pence in the year to February 28 from 95p the year prior. Declared total dividend of 4.05p up from 4p.

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Advanced Oncotherapy PLC - London-based particle therapy for cancer treatment company - Updates on financing discussions. Reports talks with a new lender regarding a GBP8 million provision of extra funding. However, prospective lender needs more time, between three and six months, to commit to such a facility. As such, company no believes this to be a viable option. Adds no other financing options have been successful yet. As a result, company is in a "highly constrained financial position and requires additional financing urgently in order to continue as a going concern." Requests suspension of shares pending clarification of its financial position.

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Geiger Counter Ltd - Jersey-based investor in uranium exploration and production stocks - Reports net asset value fell to 41.27 pence at March 31 from 47.46p at September 30, 2022. Adds NAV at time of writing report was 43.03p. Remains confident over the long-term outlook for uranium. "Expected demand for uranium is higher than the available supply and with such structural impetus, we believe the outlook for nuclear energy is bright," company says.

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Inspired PLC - Preston, England-based energy advisory and sustainability services provider - Reports all resolutions at the annual general meeting today were passed. This includes the proposed share consolidation.

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ThomasLloyd Energy Impact Trust PLC - London-based renewable energy investment trust - Announces that at the annual general meeting held today, resolutions 1-4 were duly passed. Notes 35% of shareholders withheld votes on resolutions 5 (continuation of the company), 6 (authority to buy back shares) and 7 (consent to shorter notice of general meetings). Meeting was adjourned and votes will be put to further meeting after publication of the 2022 annual report and audited financial statements. Chair Sue Inglis, says: "Due to the uncertainty surrounding the Company's financial position, which has arisen principally as a result of its Indian construction project, the AGM was adjourned ahead of the continuation vote."

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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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