(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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Reabold Resources PLC - London-based exploration & production-focused investment company - Co-Chief Executive Stephen Williams buys 10.7 million shares at 0.27 pence per share on Monday. His spouse, also on Monday, buys 7.0 million shares at a price of 0.295 pence per share. Their ultimate beneficial ownership is 47.3 million shares, represents 0.5% of the company's issued share capital. Co-Chief Executive Officer Sachin Oza buys 25.6 million shares at an average price of 0.28 pence per share on Monday. The spouse of Sachin Oza buys 13.5 million shares at a price of 0.30 pence per share on Monday. Their ownership of 75.8 million shares, gives them a 0.9% stake in the company.
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Trafalgar Property Group PLC - Kent-based residential homes developer - Enters a conditional agreement with May Barn Horticultural Consultancy Ltd for the acquisition of assets and leasehold premises comprising a hydroponic research and development facility for a cash consideration of GBP30,000. Adds that its residential property activities have continued to progress during 2022. "The acquisition of this dedicated research and development site is a step in the company's plans to facilitate its vertical hydroponics strategy, with opportunities for research relevant to food, cosmetic and pharmaceutical products," Managing Director Paul Treadaway comments.
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Okyo Pharma Ltd - A london-headquartered biotechnology company - Says that it filed an investigational new drug application with the US Food & Drug Administration for the development of its OK-101 treatment to treat dry eye disease. "The filing of this IND with FDA is a key step for OKYO as we advance our plan to open a Phase 2 trial in DED patients in the first quarter of 2023," CEO Gary Jacob says.
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Tower Resources PLC - an Africa-focused oil and gas company - Says that its subsidiary Tower Resources Cameroon SA was notified by BGFI Bank Group that its medium-term loan of roughly USD7 million has been approved by the credit committee of the Cameroon bank. Further approval is still required at the BGFI group level and discussions are now turning to the details of the structure and documentation, it says. Aims to complete these discussions as quickly as possible.
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Pennpetro Energy PLC - oil and gas company focused on the Gonzales oil field in Texas, US - Notes the November 18 release by Upland Resource PLC about the termination of the farm-in agreement into Upland's Saouaf permit area in Tunisia. The Saouaf permit is held in joint venture with the Tunisian state oil company, Enterprise Tunisienne d'Activites Petrolieres. Says that it remains committed to growing its business in Tunisia. "Despite this temporary setback, we remain committed to growing our business in Tunisia. Nobel views the available opportunities in Tunisia as complementary and synergistic to our Texas Gulf Coast developments and maintain an interest in the Saouaf Permit should it become available again in the near future," Andy Clifford, President of Pennpetro's wholly owned subsidiary, Nobel Petroleum USA Inc comments.
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Reabold Resources (RBD)
Trafalgar Prop (TRAF)
Pennpetro Energy (PPP)
Tower Resources (TRP)