TRADING UPDATES: Zephyr eyes US investors; Good Energy's Zap-Map boost

Fri, 11th Jun 2021 19:50

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

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Zephyr Energy PLC - Berkshire-based oil and gas developer - Filing application for trading on US-based OTCQB Market, also known as Venture Market. Zephyr adds: "The company believes that having its ordinary shares traded on the OTCQB will provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors. A market maker will be appointed in the US to support the trading on the OTCQB."

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Good Energy Group PLC - Wiltshire-based renewable energy supplier - Says investee Zap-Map launches new subscription service for electric vehicle drivers. New subscription platform includes additional features such as in-car support. Good Energy notes both Zap-Map Plus and Zap-Map Premium are among new subscriptions. Good Energy says: "Zap-Map's Plus offering helps drivers plan their journeys quicker. Drivers will be able to use enhanced options to filter by new charge points, multiple locations, user ratings and more detailed location types. Zap-Map Plus also enables EV drivers to view new chargers installed in the last 30 days, save more user filters and route plans, and to add multiple vehicles." "In addition to receiving all the Plus features, Zap-Map Premium subscribers can use the app within the in-car dashboard, via Apple CarPlay (with Android Auto available soon). This means users can locate suitable charge points, view live charge point status, and access route plans whilst on the move." Zap-Map Plus priced at GBP2.49 per month and Zap-Map Premium is GBP3.99 per month.

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Jarvis Securities PLC - stockbroker - Says claim submitted to High Court to cancel outstanding GBP3.1 million from share premium account. "If confirmed by the court, this amount would then form part of the company's distributable reserves," Jarvis adds. Initial hearing to take place on June 18 with final hearing on June 29. Jarvis says: "If confirmed, the cancellation of the company's share premium reserve will become effective on the following business day, after the necessary registration of the court order with the Registrar of Companies has taken place."

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Walls & Futures REIT PLC - London-based designer and developer of specialist social housing - Says pleased over 90% of shareholders have not accepted Virgata Services Ltd's takeover bid. As of second closing date, Virgata had support of 9.3% of Walls & Futures shareholders.

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Cambridge Cognition Holdings PLC - Cambridge, England-based neuroscience technology - Joining University of California, San Francisco Brian Health Registry as partner in cognitive assessment field. Cambridge Cognition adds: "The Brain Health Registry is an online platform designed to speed up the discovery of treatments for Alzheimer's disease, Parkinson's disease, depression, post-traumatic stress disorder, and other brain disorders."

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Predator Oil & Gas Holdings PLC - Jersey-based oil & gas company - Says construction and civil works at MOU-1 site completed. Adds: "A further update on the mobilisation of the Star Valley Rig 101 to Guercif is expected next week."

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Trident Royalties PLC - growth-focused mining royalty and streaming company - Updates on Mimbula copper royalty. Says operator of project, Moxico Resources PLC, seals USD73 million equity financing. Proceeds going towards expediting developing of standalone processing operation at the Namibian project. Trident adds: "Copper production to date has been from the processing of ore from the Mimbula surface stockpiles via toll treatment at the nearby KCM Tailings Leach Plant." Adds Moxico plans to boost output with electrowinning processing facility. New facilities to boost copper output run-rate to 30,000 tonnes by late-2022. Trident adds: "The financing underscores the robustness of the Mimbula copper mine, which is set to deliver a material increase in production against the backdrop of an exceptionally strong global market for base metals."

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Vulcan Industries PLC - company aiming to develop precision engineering group - Raises GBP100,000 through issue of 6.0 million shares at 1.675 pence each. Also settles loan arrangement fees worth GBP36,750 through issue of 896,342 shares. Adds: "The company will use the proceeds from the equity issue for general working capital purposes."

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By Eric Cunha; ericcunha@alliancenews.com