Member Info for GedW

[PINN] Announce, through its subsidiary Pinnacle Cloud Solutions Ltd ("Pinnacle"), it has acquired the entire share capital of RMS Managed ICT Security Limited ("RMS"), a leading provider of IT security software and consultancy solutions to the mid-market and public sector. Highlights The acquisition of RMS provides IT security expertise, a key part of Pinnacle's strategy to build out its of its cloud services proposition. Staffordshire base strengthens Pinnacle's reach across the UK. 1700 additional customers from mid-market to public sector. Strong cross-selling opportunities exist across the combined businesses. Acquisition ofRMS (previously the IT Security element of Redstone Managed Solutions) for a total consideration including professional fees of £468,301. Deal Structure 1. At completion, the initial consideration of £25,000 satisfied in cash. 2. At completion, the issue of a two-year interest bearing convertible loan note for the value of £100,000 of ordinary shares of Pinnacle Telecom Group plc. 3. Deferred payments totalling £343,301 satisfied in cash between the 31st October 2011 and 25th December 2014. Income Statement. RMS was incorporated in November 2010 and has not yet prepared full financial statements http://www.rmsitsecurity.com/company/background

[ASTR] cancellation of all Astaire Shares not held by Evolve Capital PLC ("Scheme Document") was posted on 14 September 2011. Under the Scheme, Astaire shareholders may elect to receive consideration of 2p per Astaire Ordinary Share in cash, failing which they will receive 7 New Evolve Shares for every 5 Astaire Ordinary Shares held if all the conditions of the Scheme are satisfied. In order to align the interests of shareholders holding Astaire Shares in uncertificated form (i.e. in CREST) with those of the shareholders holding Astaire Shares in certificated form, the following paragraph is being added as paragraph 2.11 of the Scheme in order that a Cash Election made by way of an Electronic Election may extend to Astaire Shares acquired after the Election Return Time (being 5.00 p.m. on 7 October 2011): "Without prejudice to any other provision of this paragraph or the Form of Election or otherwise, Astaire and Evolve shall be entitled to treat as valid in whole or in part any election for the Cash Alternative which is not entirely in order." In addition, the latest date for making or withdrawing elections for cash consideration has been extended for all Scheme Shareholders (ie both certificated and uncertificated) to 6.00pm on 25 October 2011 (or if the date of the Court Hearing is rearranged, such later date as is one week prior to the Court Hearing). Words and expressions in this announcement have the same meanings as in the Scheme Document which is available at http://www.astairegroup.co.uk/documents.asp

[PINN]Creates £500,000 unsecured convertible loan notes ("Loan Notes") in units of £2,000, of which Loan Notes of a nominal value of £18,000 were issued today (the "Commencement Date") in part, for the acquisition of Online Computer Developments Ltd. The Loan Notes, which are not transferable, may be redeemed (in whole or in part) by the Company, at its sole discretion, at any time. The Loan Notes will become repayable on demand in the event of specified default by the Company. The Loan Notes are convertible into Ordinary Shares by the Company at any time following the second anniversary of the Commencement Date, or by the holders of the Loan Notes at any time following the period of thirty days following the second anniversary of the Commencement Date. The conversion price in each case will be a discount of 15% to the mid-market price per Ordinary Share as at close of business on the date five days after service of the relative conversion notice, subject to a minimum of nominal value. The Ordinary Shares to be so issued will rank pari passu in all respects with the existing Ordinary Shares in issue. Interest will accrue on the Loan Notes, at 10 per cent per annum, from the Commencement Date to the earlier of the date of redemption and the date of conversion. Interest will accrue from day to day on the aggregate principal amount of the Loan Notes outstanding from time to time and is payable monthly in arrears. Commenting today Alan J Bonner, Chief Executive of Pinnacle Telecom Group plc, said: "It is intended that the creation of £500,000 of unsecured convertible loan notes will be used in part for acquisitions and to fund the company's drive to build a business of scale." Acquired the entire share capital of Online Computer Developments Ltd ("OCD"), a provider of IT solutions to the SME and mid-market, through its subsidiary Pinnacle Cloud Solutions Ltd ("Pinnacle"). Summary Acquisition of Online Computer Developments Ltd for a total consideration of up to £110,000. Consideration satisfied by a combination of cash, convertible loan note and deferred consideration shares at 0.57p. Well-established business, formed in 1994. The acquisition of OCD forms a key part of Pinnacle's strategy to build out its IT capability - enabling faster delivery of its cloud services proposition. OCD's customer base complements that of Pinnacle and further strengthens its presence in the Scottish SME market. Strong cross-selling opportunities exist across the combined businesses. The transaction of up to £110,000 is based in part on an earn-out, and is summarised as follows: 1. Initial Consideration: At completion, the initial consideration of £2,000 satisfied in cash. 2. Convertible consideration: At completion, the issue of a two-year convertible loan note for the value of £18,000 of ordinary shares of Pinnacle Telecom Group plc. 3. Deferred consideration: A deferred consideration calculated in accordance with certain growth performance earn-out provisions for the year ending 30th September 2012, contained in the acquisition agreement, allows the vendors additional consideration of £90,000 of Pinnacle Telecom Group plc Ordinary Shares. 4. The deferred consideration will be satisfied by the issue to the Vendors: of 15,789,474 Ordinary Shares of Pinnacle Telecom Group plc at a price per share equal to .57p, credited as fully paid and ranking pari passu with the ordinary shares in existence at completion of the acquisition. Any shares issued pursuant to the Deferred Consideration may not be sold within 24 months of those shares being issued to the seller.

[EO.] The Board of EnCore Oil plc ("EnCore") and the Board of Premier Oil plc ("Premier") are pleased to announce that they have reached agreement on the terms of a recommended acquisition by Premier (or one of its wholly owned subsidiaries) of the entire issued and to be issued share capital of EnCore. Highlights · Recommended acquisition at 70 pence per EnCore Share in cash. EnCore Shareholders can also elect to receive 0.2067 New Premier Shares for each EnCore Share held instead of part or all of the cash consideration. · The Acquisition values EnCore's entire issued and to be issued share capital at approximately £221 million (approximately US$340 million). · The Acquisition Price represents a premium of approximately 55 per cent. to the Closing Price of 45.25 pence for each EnCore Share on 4 October 2011, the last Business Day prior to the issue of this announcement. · The Acquisition is in line with Premier's strategy of acquiring high quality assets in existing core areas using its strong balance sheet

[EPO] Announces that it has contracted, integrated and is processing live transactions for a Western Union "direct to bank" solution. Under the terms of the contract Earthport will provide payments processing capabilities for a Western Union service providing international money transfer. The service will initially be launched from selected Western Union agent locations and westernunion.com sites worldwide and will allow people to send money directly to any bank account in more than 35 countries.

[ITM] announce the outcome of a recently completed nine month fuel cell project. The project focused on ITM Power's proprietary hydrocarbon membrane materials and their evaluation in high power density hydrogen/air fuel cells and was supported by the Carbon Trust as part of the Polymer Fuel Cells Challenge. The project objectives, which were defined by automotive industry experts, were all achieved. ITM Power is now engaging with automotive OEMs and key organisations in the fuel cell supply chain to undertake early stage qualification of its membrane materials as part of the Company's Partner Evaluation Programme. The next phase of the process will involve accelerated acquisition of test data while undertaking full life cycle cost analysis via the Carbon Trust's cost model. Increasing power density is widely accepted as the single most important factor in reducing the cost of fuel cells. ITM Power's materials have shown the ability to generate unprecedented power density when using either oxygen (>5.5W/cm2) or air (>2.1W/cm2). This project consolidated this capability by examining the impact of operating in environments and conditions required by the automotive industry. This included sensitivity to reduced catalyst loading, gas pressure, humidity, temperature and stoichiometry. In addition, longevity studies were initiated and benchmarking was carried out against industry standard materials. The project was undertaken at a single test cell level and sought to reduce the technical risk presented by ITM Power's materials as a new component.

[STI]Corporate realignment continuing apace with another jigsaw piece in place! by announcing the appointment of Grant Thornton UK LLP as its Nominated Adviser and Northland Capital Partners Limited as its Broker with immediate effect.

[PEG] six months to 30 June 2011. Highlights · Revenues of £5.2m (2010: £5.3m) · Gross margins 40.5% (2010: 41.1%) · Profit before tax of £5,000 (2010: £115,000) · Basic and diluted earnings per share of 0.08p (2010 as restated: 1.81p) · Net cash inflow from operating activities of £0.4m (2010: £0.9m outflow) · Net debt of £1.8m (31 December 2010: £2.0m) [WTH] owns 29.99% of the issued ordinary equity of Petards Group plc ("Petards"), a share of whose results is consolidated as an associate of the Company. Petards is a UK AIM quoted company whose activities embrace the provision of security and surveillance systems to the transport sector, in particular the railways, the emergency services sector, in particular the police, and the UK Ministry of Defence ("MOD");

[ANGM] The Board of Angel Mining is pleased to announce that a further 11.73 kilograms (377 ounces) of gold doré was successfully poured at Nalunaq on Thursday, 15 September 2011. This will be shipped to Switzerland for refining and subsequent sale over the coming weeks following a further production pour. Since the first pour on 27 May 2011, the Company has poured 29.78 kilograms of gold doré. The table below sets out the Company's gold production to date although the figures for September only go up to pour on the 15th. Month Kilograms Troy ounces May 0.93 29.90 June 1.26 40.51 July 5.97 191.94 August 9.89 317.96 September 11.73 377.12 Total 29.78 957.43 This recent pour was the largest to date and the Directors believe this is indicative of both improved recovery by the plant and the increased grade of the feed ore . The Company has been improving the efficiency of the process plant and is pleased to see the results of these efforts evidenced by the latest gold pour. There is still scope for further improvements and the replacement atomic absorption machine, referred to in previous announcements, is due to arrive within the next few weeks. This machine will help the team to achieve the highest practical level of gold recovery.

[UCG] The following statement was made at the Annual General Meeting of United Carpets held today at 10.00am. 'I am pleased to confirm the Group continues to trade in line with market expectations for the full year. However, the trading environment during the first 25 weeks of this financial year to 22 September 2011 has been challenging and like for like sales were 0.6% lower against the comparable period last year. Given the ongoing economic uncertainty across the UK and with the austerity measures now resulting in job cuts throughout the public sector, consumers have continued to spend their money cautiously. Whilst it remains our strategy to reduce, over time, the number of corporate (non franchised) stores, that number, in fact, increased from 14 to 18 during the 25 week period. As these additional stores were loss making they will have a greater adverse impact on Group profitability in the first half than if they had continued as franchised stores. Sales of flooring were slightly ahead of the comparable period last year. As ever, customers have recognised the value for money we offer and the opportunity to choose from our extensive ranges of flooring. We believe our trading performance continues to compare favourably with our nearest retail peers. The beds division has again struggled despite relatively weak comparatives, with consumers apparently still reluctant to spend on larger value items. In September, the Group was voted the UK's leading Flooring Retailer (3+ stores) at the "Interiors Monthly" 2011 Awards. The award recognises the Group's achievements to date and its constant striving to do even better. Approximately 80% of all United Carpets stores operate under a franchised structure which is a key element in combining the advantages of a multiple retailer with the entrepreneurial drive of an independent. This is particularly important when the wider economic environment is subdued and it requires increased effort from the individual store management teams to maintain sales levels. The Group's long term future remains sound, supported by significant cash balances, and the Group will report our interim results for the 6 months ended 30 September 2011 in December 2011.'

[WATR] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10992371

[WATR] Interims make reassuring reading. With a small issued share cap and a small market cap any significant market interest will move share price significantly...Still one for risk takers but future looks positive. Highlights · Revenue for the six months to 30 June 2011 was 15% higher than in the same period in 2010, including Leakfrog product sales to Thames Water. · Profitability resumed for Group; profitability increased in core American Leak franchise business. · Sale of New York franchise and opening of a Corporate-run Store in Connecticut, the Group's 5th store. · Thames Water joins South West Water Limited supporting development and commercialisation of Domestic Reporter product, a hi-tech device that will allow metered domestic water users to monitor water use and identify when a leak has occurred. · Prototype testing remains on track for Commercial Reporter, a product for industrial monitoring of water flow with site deployment at trial UK customers on track for Q4 2011 and initial marketing of product in the US with our nationwide franchise system in Q1 2012. Patrick DeSouza, Executive Chairman of Water Intelligence, comments: "The Group has made considerable steps forward in 2011 to date. Each of our business lines showed improvement given our targets and milestones. We are confident that we can sustain this progress, and build a significant presence in the growing international market for comprehensive water infrastructure solutions, from monitoring of and alerts for leaks to non-invasive leak detection and remediation."

[WSG] Financial results etc half year to 30 June 2011 · Revenue of £1.78m for 6 months ended 30 June 2011 (2010: £2.35m) · Order intake for the six month period up significantly to £12.40m (2010: £1.1m) · Underlying trading loss £1.31m (2010:loss £1.06m) · Provision against carrying value of certain assets charged against profits £0.60m (2010: nil) · Loss before tax in period of £2.01m (2010: £1.42m) · Financial management strengthened with appointment of new Chief Financial Officer (post period end) · Balance sheet strengthened through placing to raise £0.62m (net of expenses) in July 2011 with new and existing shareholders, including board · £6m of invoices issued in the third 3rd quarter of 2011 following delivery against order book Operational · First half trading results reflect slow 2010 order intake and delays in revenue recognition on 2011 caused by factors outside of our control Strong order momentum into H2, with deployment and delivery of 2011 orders progressing well, together with improvements in cashflow from operating activities · Increasing enquiry levels and much improved conversion rates · Recruitment of Major Keith Wright (ex SAS) as Chief Operating Officer for Longmoor division (post period end) · Directors remain positive over outlook given the current strong order intake and increasing enquiry levels, much of which is in advanced stages of negotiation. However, as ever, the timing of revenue is not certain due to factors beyond the Group's control, given the nature of the contracts and customer base and therefore this may impact on the Director's expectations for the current year. Commenting on the results and current trading, Peter Fowler, Chief Executive of Westminster Group, said: "We believe that the Group has now reached an important inflection point despite disappointing revenues for the first six months, with strong order book levels providing good visibility for the remainder of 2011 and into 2012. "Between July and September the Group invoiced in excess of £6m as we deliver against these contracts with significant further deliveries expected in the remainder of the financial year. "Our pipeline continues to grow against a backdrop of global drivers and opportunities arising from our presence in high growth emerging economies. This, combined with the contracts won in the year and the increasing enquiry levels mean that we remain optimistic about the future."

[IHP]The Annual General Meeting of Intellego Holdings plc, the AIM traded must have digital learning business, will be held today. At the Meeting the Chairman, Angus Forrest, will make the following statement:"I am pleased to update you on the Company's progress. The previously announced plan to increase the emphasis on owning and creating its own intellectual property has advanced with the acquisition of PIXELearning Ltd (Pixel) in May 2011. The aim is to raise gross margins and generate more revenues and recurring income. In the past four months the balance sheet has been strengthened as a result of injections of capital and the administration of Intellego Group Ltd. Board Changes The critical feature of any business is its management, and today we announce a number of changes. Through the acquisition of Pixel, we were joined by Andy Hasoon who has 19 years' experience of the learning industry and who will take on the role of CEO with immediate effect. Andy Hasoon said "I am looking forward to growing sales, focusing investment in marketing, developing distribution channels and strengthening our sales force in order to expand the customer base and increase the sales per customer. In addition to seeking expanding our product portfolio, we have been evaluating several other acquisitions and expect to make announcements in the next quarter." Other changes are as follows: Bruce Leith reverts to his role as non-executive Director. Robert Murphy has resigned as Finance Director and Company Secretary to pursue his other business interests. The Board of Intellego thanks Robert for his contribution to the Company over the past two years during the transition stage as Intellego evolves from a distributor to a publisher and for the notable achievement of substantially improving the balance sheet. The interim Finance Director, a non-Board appointment, is Derek Watson FCA. I remain as Chairman. Business update The business is being developed through three complementary services: 1. Gap analysis tools and content delivery systems 2. Learning Content 3. Assessment tools Pixel has been fully integrated creating new opportunities to incorporate the latest in serious games functionality into our product offerings. Whilst we are creating an increasing number of high value opportunities, the general economic uncertainty has caused delays in customer decisions and sales have been lower than anticipated. Outlook The main emphasis is on growing sales and we are focussing investment in marketing, developing distribution channels and strengthening our sales force in order to expand the customer base and increase the sales per customer. In addition to seeking complementary library acquisitions, we have been evaluating several other acquisitions and expect to make announcements in the next quarter."

[ECV] This developer and supplier of eco-friendly commercial vehicles and the London licensed taxi, announces its results for the six months ended 30 June 2011. Financial highlights · Total revenues decreased by 9.2% to £11.6m (H1 2010: £12.8m) as sales of the outgoing Euro IV Vito slowed ahead of the highly anticipated launch of the new Euro V model in April 2011 · Gross margin at 13.7% (H1 2010: 17.7%), reflecting lower pricing of Euro IV Vito taxis to clear out inventory of outgoing model · After sales division revenue broadly unchanged at £1.6m with sales into Mercedes-Benz market up by 216% year-on-year, accounting for majority of division's revenue · EBITDA loss from continuing operations before non-recurring items amounted to £0.48m (H1 2010: £0.1m profit) primarily due to One80 Limited, ECV's technology subsidiary. Excluding One80 Limited, like-for-like EBITDA loss was £0.2m Operating highlights · Total new Vito units sales at 171 (H1 2010: 234) · Launched new, improved Euro V compliant version of Vito London-licensed taxi, well ahead of tighter European Union emission regulations in 2012 · Second stage manufacture of Vito in Coventry transferred to Mercedes-Benz · Developing Mercedes-Benz Light Commercial Vehicles (LCV) after sales dealership, further strengthening relationship with Mercedes-Benz · Gained service agency for Modec electric vehicles in London · Implemented restructuring plan to reduce annual cost base by £0.5m, with initial benefits expected in the second half of 2011 Outlook · Demand for new taxis has improved amid growing interest in the latest 'Blue Efficiency' (Euro V) Vito taxi, with its share of the London taxi market building momentum · On track to return to EBITDA profit in the second half 2011, driven by cost cutting, return to revenue growth and a recovery in gross margins vs. the first half · Well placed to benefit from new EU environmental regulations and 15-year age limit rules for London taxis from 2012, representing a potential replacement market of about 3,000 vehicles

[NRRP] announce the identification of further high grade intersections from its 100% owned Namib Lead-Zinc Project in Namibia ('Namib' or 'the Project'). The board believes that the consistently high grade intersections demonstrated from the Company's recent underground drilling campaign underpins the high prospectivity of the Project as the Company evaluates the potential to recommence production at the previously operating Namib Lead-Zinc Mine. David Steinepreis said, "The encouraging grades and widths that have been demonstrated in these intersections reinforce our confidence that there is strong potential for the Namib Lead-Zinc Project to be developed into a profitable mining operation. In line with this, the conceptual engineering studies, which are now underway, will provide us with further information with which we will evaluate the potential to progress towards recommencing operations and the optimum route towards production."

[PPR] further contract gains for the Group with a value of £175,000. The Group is pleased to have won a contract for the supply of the latest advanced real-time x-ray inspection equipment, to a military equipment provider covering North America and Europe with a contract value of £76,000. In addition, Pentagon's glass protection window film division has been awarded contracts with a value of £99,000 to carry out glass protection works at two of the UK's major shopping centres in the South East and the West Midlands. Managing Director Steve Chambers, comments: "Renowned for its experience and supply of specialist security equipment and training, the Group's security division SDS were approached to provide the very latest state-of-the-art portable x-ray equipment and accessories by this new client which has the potential for expansion in terms of product propositions and further repeat business opportunities. The shopping centre contracts, won directly with the two separate shopping centre management teams, join a growing number of shopping centres that have called upon Pentagon to provide enhanced glass protection to existing glazing. We are also progressing well with major projects at home and overseas with works in Brussels progressing ahead of schedule and the Group's North American division IGS also on schedule with its energy saving sun control window filming works in Arizona, having completed three out of the four buildings within the contract."

[SRT] AGM Presentation to be held today. http://www.softwarerad.com/pdfs/AGM_presentation.pdf

[ANGM] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10963586 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10961419

[PSQ] Specialises in mobile and online banking software and technology-led outsourcing services, is pleased to announce that its mobile and online banking software subsidiary, Intelligent Environments ("IE"), has signed an agreement with TSYS, one of the world's largest payment processors, to provide TSYS' European customers' with a mobile application enabling cardholders to access their account through their smartphones. The mobile application is being offered to both existing and new clients and accelerates Parseq's reach into Europe significantly. TSYS currently has in excess of 40 million accounts on file across Europe for more than 50 financial clients, accounting for more than 1.2 billion transactions in 2010. The first TSYS client to offer the mobile application has already been secured. The TSYS Mobile Application, developed by IE and TSYS, will offer a dedicated mobile application to help cardholders track their credit card spend via their smartphones. The solution will be integrated with TS2®, TSYS' state-of-the-art processing platform, and will allow cardholders to view account details on demand as well as to receive notifications.