If you have any questions for next week's webinar guest speakers (Clifford Gross Ph.D, CEO, Tekcapital, Mark Selby, Chair & CEO, Canada Nickel and Werner Klingenberg, CEO, Goldplat) please submit here.
I have a question - If POLY's main customers are Russian banks, who sell it on to international gold markets, are they going to be able to continue to do this? If they are not able to sell it - where's their income going to come from?
I'd be interested to hear thoughts on this.... Thanks, Casa
RNS: Launch of Share buyback programme28 Jan 2022 07:56
Hopefully, this will help strengthen the SP....
LAUNCH OF SHARE BUYBACK PROGRAMME
Avon Protection plc ("Avon Protection" or the "Group") is pleased to announce that it intends to commence a share buyback programme in respect of its ordinary shares of £1 each ("Ordinary Shares") up to a maximum consideration of £18.5 million (U.S. $25 million), from the date of this announcement (the "Share Buyback Programme").
The purpose of the Share Buyback Programme is to reduce the share capital of the Group in order to return value to shareholders.
Woodbois Limited (AIM: WBI), the African focused forestry, timber trading, reforestation and voluntary carbon credit company, is pleased to announce its half year results for the six months to 30 June 2021.
· Gross profit increased by 94% to US$1.7m (H1 2020: US$0.9m). · Group gross profit margin doubled to 20% (H1 2020: 10%). · First period of EBITDAS profit US$0.5m (H1 2020: loss US$0.8m). · Revenues of US$8.2m (H1 2020:US$8.6m), impacted by COVID-19 related disruption in global freight shipping sector. · Successful completion of up-sized fundraise of £6 million (approximately $8.3 million) before costs, leaving the Company well placed to deliver on its growth targets. · Period end working capital of $13.8m (including cash of $6.3m), excluding bank loans of $9.5m. Operational Highlights · Total sawn timber production 7,000m3 in H1 2021, a 120% increase over H1 2020. · Total veneer production 1,830m3 in H1 2021, a 70% increase on H1 2020. · Acquisition of two additional veneer lines in Gabon from CEMA Bois De L'Atlas ("CEMA"), one of Africa's largest plywood manufacturers, for a consideration of €800,000 being settled via the monthly supply of logs. · The first line is expected to be delivered in Q3 2021 and installed in Q4 2021, and the second line expected to be delivered and installed in H2 2022. · Acquired two additional Komatsu bulldozers and three additional Man trucks on finance lease to allow the supply of sustainably harvested raw material to keep pace with the additional processing capacity coming online during 2021 at both the sawmill and veneer factory. · Installation of Primultini sawmill line recently completed. Sawn timber production output expected to increase by a further 30% in H2 2021. · On 9 August, announced the acquisition of an additional 71,000 hectares of forest in Gabon for a consideration of US$1.5m, of which $0.9m was settled in cash and the remainder in four quarterly payments commencing in October. · Following Q1 entry into carbon credit market, Woodbois is reviewing a number of African reforestation projects, which would allow the Company to generate carbon credits for distribution in the Voluntary Carbon Market. · Publication of Company's first Integrated Sustainability Report for the year ended 31 December 2020. · The Company ranked joint sixth in the annual Sustainability Policy Transparency Toolkit ("SPOTT") ESG policy transparency assessments for the worldwide timber and pulp industries.
Hotel Chocolat Group plc, a premium British chocolatier and multi-channel retailer, is pleased to announce, following the announcement yesterday (the "Launch Announcement"), the successful completion of the placing of ordinary shares of 0.1 pence each ("Ordinary Shares") (the "Placing"), having received strong demand from existing Shareholders and other high-quality institutional investors. The Company is also pleased to announce the successful completion of an offer made by the Company for retail investors in the UK to subscribe for Ordinary Shares via the PrimaryBid platform (the "PrimaryBid Offer").
A total of 11,112,913 new Ordinary Shares ("Placing Shares") were placed at a price of 355 pence per share (the "Placing Price"). The Placing was conducted by way of an Accelerated Bookbuild process. Liberum Capital Limited ("Liberum") and Peel Hunt LLP ("Peel Hunt") acted as joint bookrunners in relation to the Placing. The Placing was oversubscribed.
In addition, retail investors in the UK have subscribed via the PrimaryBid Offer for a total of 154,692 new Ordinary Shares (the "PrimaryBid Shares") at the Placing Price.
Together, the Placing and the PrimaryBid Offer comprise 11,267,605 new Ordinary Shares raising gross proceeds of c.£40 million. The Placing Shares and PrimaryBid Shares (the "New Ordinary Shares") being issued represent approximately 9.0 per cent. of the existing issued ordinary share capital of the Company. As outlined in the Launch Announcement, the net proceeds of the Placing and the PrimaryBid Offer will be utilised to fund capital investment to increase long-term sales capacity and capitalise on anticipated future growth.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 27 July 2021. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. The New Ordinary Shares will represent approximately 8.2 per cent. of the Company's enlarged issued share capital on Admission (assuming no other issuance of ordinary shares prior to Admission).
Following Admission of the New Ordinary Shares, the Company's issued and fully paid share capital will consist of 137,152,447 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in Treasury. The figure of 137,152,447 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the DTRs.
Angus Thirlwell, Co-Founder and Chief Executive Officer, said: "The £40m growth capital raised today will be invested in our fast-growing business, furthering our aim of becoming a global digital-led chocolate brand. I'm delighted that our issue was oversubscribed, demonstrating the suppo
Two days left to go to meet this target deadline....
Taken from the last RNS (May 21) - "The parties remain committed to finalising the transaction as soon as possible and are targeting completion and admittance to trading on the Main Market towards the end of this quarter".
Psychologically, the urge is strong to get out and run for the hills, having ended up with zillions of shares. But now's not the time to jump ship when the prize is potentially within reach.
"Often the goal is nearer than, It seems to a faint and faltering man, Often the struggler has given up, When he might have captured the victor’s cup, And he learned too late when the night slipped down, How close he was to the golden crown. (by Edgar Albert Guest)