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TRADING UPDATES: Vela to invest in Tribe Tech; Seraphim NAV down

Tue, 23rd May 2023 17:16

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

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Civitas Social Housing PLC - Exeter, England-based healthcare real estate investment trust - Skandinaviska Enskilda Banken AB sells entire 10% stake in company on Monday.

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Crossword Cybersecurity PLC - London-based cybersecurity company focused on cyber strategy and risk, supply chain cyber, threat detection and response, and digital identity, working with UK universities - Notes subsidiary Crossword Consulting Ltd enters related-party agreement with consultancy of director. Says agreement worth up to GBP750,000 is with Cumberland House Consulting Ltd, a company connected to Director Robert Coles. Crossword Consulting will provide services to a Cumberland client, the firm says.

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Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Notes investee Omega Oil spuds second well, Canyon 1 in Australia, on May 8. Says well reaches total depth of 4,000 metres.

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Horizonte Minerals PLC - Nickel project developer in Brazil - G10 Capital Ltd sells entire 23% stake in company on May 2, as La Mancha Resource Capital LLP buys 23% stake in Horizonte Minerals the same day.

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RM Infrastructure Income PLC - invests in loans to infrastructure assets - Says continues to deliver on investment objective of providing "attractive" net asset value total returns. Firm says it has "refreshed its investment focus on social & environmental infrastructure, increasing exposures to its core target sectors with approximately 59% of the portfolio's committed capital currently invested within social & environmental infrastructure." Declares 1.625 pence per share dividend. RM Infrastructure says will allow broader review of its strategy, superseding a previously announced liquidity opportunity consultation.

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Seraphim Space Investment Trust PLC - space technology investment firm - In the third financial quarter that ended on March 31, reports net asset value per share drop of 1.0% to 91.77 pence from 92.74p as at December 31. Company notes macro-economic headwinds. CEO Mark Boggett says: "The quarter saw the team focused on portfolio activities whilst continuing to build a pipeline offering exposure to the highest calibre SpaceTech companies. Over the quarter, we supported an important emerging portfolio company, QuadSAT, and closed an additional follow-on investment and a new early-stage investment after the period end."

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Vela Technologies PLC - early stage-focused technology investor - Says will invest GBP250,000 in Tribe Technology Group Ltd, as part of a GBP2.0 million pre-IPO funding round undertaken by Tribe Tech, which offers autonomous reverse circulation. In the year ended June 30, Tribe Tech had reported a post-tax loss of GBP1.7 million.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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