(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
JD Sports Fashion PLC - Bury-based sportswear retailer - Senior Independent Non-Executive Director Martin Davies steps down with immediate effect. Davies has served on the board since October 2012 and was nearing the end of the recommended nine-year term. "JD acknowledges that the composition of its board should reflect the current scale, momentum and global positioning of the group, the need to create additional diversity within its membership, and address the tenure of certain board members who have served on the board for longer than recommended," company says. Expects to announce Davies's successor shortly.
J Sainsbury PLC - London-based supermarket - Shareholders vote 19% against the directors' remuneration report at the annual general meeting. "The remuneration committee regularly consults with our major shareholders in order to understand their views on key decisions, and we will continue this dialogue in future years," Sainsbury says. Earlier Friday, The chair of the supermarket shrugged off speculation that the supermarket group could be the latest target of a private equity takeover and hailed "progress" under its current leadership. Shares in the UK's second largest grocer have lifted in recent weeks, after rival Wm Morrison Supermarkets attracted offers from private equity suitors. It also comes months after Asda was bought by the billionaire Issa Brothers and backers TDR Capital.
Oracle Power PLC - London-based natural resource project developer - Unveils drilling programme plans for the Northern Zone Gold Project in Western Australia. Chief Executive Naheed Memon says: "We could realistically expect the programme of work approval process for drilling to take 2-3 weeks, and depending on drill rig availability, the drill programme will take about 10 days to complete with assay results expected some 3-4 weeks after submission."
Dekel Agri-Vision PLC - palm oil and cashew grower in West Africa - Expects results for the six months ended June 30 to "significantly surpass" the EUR15.4 million revenue and EUR1.9 million earnings before interest, tax, depreciation and amortisation in the same period last year. Palm oil production increases.
RM Secured Direct Lending PLC - debt investment trust - Starts irrevocable share buyback programme, which will run until August 9. Company has the authority to buy back up to 15% of shares.
Bidstack Group PLC - London-based in-game advertising platform - Signs exclusive partnership with Nordeus, a subsidiary of Take-Two Interactive Software Inc. Bidstack will provide ads to Nordeus's Top Eleven football game. Financial terms are not disclosed.
BlueRock Diamonds PLC - diamond miner in South Africa - Production in the second quarter of 2021 more than doubles year-on-year, to 5,442 carats from 2,510 carats. Average price per carat increases 48% to USD427.80 from USD289.90.
Abingdon Health PLC - York-based lateral flow test maker - Welcomes two peer-reviewed studies of its lateral flow test for Covid-19, showing it had 98% sensitivity and almost 100% specificity.
Bluejay Mining PLC - London-based metals explorer - Defines multiple drill-ready targets at the Outokumpu project in Finland. In early talks with various parties interested in partnering on this project. Outokumpu includes copper, cobalt, nickel, zinc, gold and silver.
Keras Resources PLC - Cobham-based miner - 51%-owned subsidiary starts commercial production at Diamond Creek phosphate mine in Utah. Milling plant is at steady-state operational capacity. Chief Executive Russell Lamming says: "Having our milling plant up and running within a year of acquiring our initial interest in Diamond Creek is another key achievement for the company."
Orcadian Energy PLC - North Sea-focused oil and gas development company - Plans to raise GBP3.0 million at a market capitalisation of GBP25.4 million in its AIM initial public offering. 63.6 million shares due to be admitted on July 15, priced at 40 pence each. Listing will support progress towards the commercialisation of its viscous oil assets in the UK North Sea.
Sanne Group PLC - Jersey-based asset management services provider - Extends deadline for Cinven to either make a firm takeover offer or announce it will not make an offer. New deadline is August 6.
Trans-Siberian Gold PLC - miner with assets in Russia - Horvik Ltd announces its takeover offer for Trans-Siberian is now wholly unconditional. Horvik already owns 51% of Trans-Siberian, while holders of a further 47% of shares accepted the offer. In March, Trans-Siberian Gold had agreed to a takeover offer from Horvik which valued Trans-Siberian at GBP108.4 million.
On The Beach Group PLC - Manchester-based online travel agent - Chief Executive Simon Cooper subscribes for 30,303 shares in placing. Shares are priced at 330p each, meaning Cooper will pay GBP99,999.90. Cooper will hold a 4.7% stake in On The Beach following the placing.
By Ivan Edwards; firstname.lastname@example.org
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