Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
FORESIGHT SOLAR VCT PLC Summary -- Net asset value total return per Ordinary Share in the year to 30 June 2013 increased by 22.2%, representing an uplift in net asset value to 115.7p (30 June 2012: 98.8p) and total dividend payments in the year of 5.0p per Ordinary Share. -- In line with original expectations, interim dividends of 2.5p per Ordinary Share were paid to shareholders on 31 October 2012 and 12 April 2013, making 5.0p per Ordinary Share for the year. -- Bond refinancing completed on 2 May 2013, increasing target returns per Ordinary Share from 130p towards 150p. -- Two small further investments of GBP325,878 into Greenersite Limited and GBP6,820 into Foresight Luxembourg Solar 2 S.â.r.l were made during the year and a loan repayment of GBP410,505 was received from Foresight VCT (Lux) 1 S.â.r.l. -- The Ordinary Shares fund is considered fully invested and therefore the Board launched a C Shares fund in February 2013 to take advantage of new solar photovoltaic investment opportunities benefiting from the Renewable Obligation Certificate (ROC) regime (as opposed to the Feed-in-Tariff (FiT) scheme that benefited investments in the Ordinary Shares fund). As at 30 June 2013, a total of 5,731,693 C Shares had been issued based on an issue price of 100p per C Share. Ordinary Shares Fund Year ended Year ended 30 June 2013 30 June 2012 Net asset value per share 115.7p 98.8p Revenue return per share 4.8p 0.1p Capital return per share 17.7p 5.1p Total Dividends per share 5.0p - Total return per share 22.5p 5.2p Share price per share 99.0p 93.0p C Shares Fund Year ended Year ended 30 June 2013 30 June 2012 Net asset value per share 99.4p n/a Revenue return per share (0.4)p n/a Capital return per share (0.3)p n/a Total Dividends per share - n/a Total return per share (0.7)p n/a Share price per share 100.0p n/a Chairman's Statement Results I am pleased to be able to report on a period of robust performance from the Company's portfolio of solar investments. A combination of the solar plants performing in line with or better than original expectations and the bond refinancing has resulted in a 22.2% increase, after including dividends paid in the year, in net asset value to 115.7p at 30 June 2013 from 98.8p at 30 June 2012. All of the investments are more fully described in the Investment Manager's Report. Bon
29 October 2013 Eros International PLC ('Eros" or "the Company") Eros International PLC Announces Proposed U.S. Initial Public Offering London, 29th October, 2013: Eros International PLC, a leading global company in the Indian film entertainment industry, announces it has commenced its proposed U.S. initial public offering of 12,500,000 A ordinary shares (the "Offering") pursuant to a registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). The estimated initial public offering price is between US$ 15 and US$ 17 per A ordinary share. In the Offering, the Company will offer 7,812,500 A ordinary shares, and another 4,687,500 A ordinary shares will be offered by certain selling shareholders. The underwriters will be granted a 30-day option to purchase up to 468,750 additional A ordinary shares from the Company and 1,406,250 additional A ordinary shares from the selling shareholders to cover overallotments, if any. The Company has applied to list its A ordinary shares on the New York Stock Exchange under the ticker symbol "EROS." The price range reflects the Company's proposed 1-for-3 consolidation of its existing ordinary shares in connection with the Offering and proposed listing on the New York Stock Exchange. Deutsche Bank, BofA Merrill Lynch, UBS Securities LLC, Jefferies LLC and Credit Suisse Securities (USA) LLC are acting as Bookrunners in relation to the Offering. The Offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the Offering may be obtained from: Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, via email at prospectus.cpdg@db.com, or via telephone at +1 800-503-4611; from BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, or via email at dg.prospectus_request@baml.com; from UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, or via telephone at +1 888-827-7275; from Jefferies LLC, 520 Madison Avenue, 12th Floor, New York, NY, 10022, Attention: Equity Syndicate Prospectus Department, by calling (877) 547-6340 or by emailing Prospectus_Department@Jefferies.com; or from Credit Suisse Securities (USA) LLC, Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state or jurisdiction. Contacts
29 October 2013 GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") Heads of Agreement with CNOOC Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce, following the announcement made on 8 October 2013 in relation to the drilling activities by third parties across the Company's PSC blocks, that it has entered into a non-binding Heads of Agreement (HOA) with Overseas Oil and Gas Corporation, Ltd, a subsidiary of China National Offshore Oil Corporation (CNOOC) regarding a potential transaction between the two companies. Further announcements with regards to the progress of the HOA between Green Dragon and CNOOC will be made in due course, as appropriate. For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact: Stephen Hill, VP Corporate Communications Green Dragon Gas +852 3710 0108 Dr Azhic Basirov / David Jones Smith & Williamson - Nominated Adviser & Broker +44 20 7131 4000 Steve Baldwin / Nicholas Harland Macquarie Capital (Europe)
Tricor PLC 29 October 2013 Tricor plc ("Tricor" or the "Company") Issue of equity Tricor announces that following the conclusion of the VAT Tribunal in September 2013, a further amount of shares will be issued to both Joe Case and Richard Andrews, representing the Hearing Shares as announced by the Company on 22 August 2013. Joe Case and Richard Andrews will each be issued with 11,428 shares of 0.001p, at a price of 7p per share. Application will be made for the 22,856 new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around the 1 November 2013. Following the issue to them of 11,428 Ordinary Shares each, Joe Case will hold a total of 323,928 Ordinary Shares, representing approximately 0.25 per cent. of the newly enlarged issued share capital of the Company and Richard Andrews will hold a total of 111,428 Ordinary Shares, representing approximately 0.09 per cent. of the newly enlarged issued share capital of the Company. Total Voting Rights Following the issue of 22,856 ordinary shares of 0.001p, the total number of ordinary shares of 0.001p each in issue will consist of 128,970,152, with each share carrying the right to one vote. Tricor holds no shares in treasury. The total number of voting rights in the Company is therefore 128,970,152. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in Tricor under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority. Enquiries: Tricor Plc Chan Fook Meng
28 October 2013 For immediate release 28 October 2013 ZATTIKKA PLC ('Zattikka' or the 'Company') Further to the announcement on 2 October 2013, the Joint Administrators confirm that it will not be possible to achieve an exit from administration via a Company Voluntary Arrangement. As a result, the Joint Administrators intend to exit the administration via a Creditors' Voluntary Liquidation. The Joint Administrators further confirm the resignation of the Company's nominated adviser, Canaccord Genuity Limited, with immediate effect. If, within one month of today's date, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled. The Joint Administrators do not intend to appoint a replacement nominated adviser. For further information, please contact:
28(th) October 2013 RESOURCES IN INSURANCE GROUP PLC ("RiIG", the "Group" or the "Company") AGM STATEMENT The Board of RiIG, a leading provider of Claims Management and Consultancy Solutions to the UK Insurance Profession, announces that at the Annual General Meeting of the Company held earlier today all the resolutions were approved. At the meeting Executive Chairman John French said that the performance of the Company during the financial year to date was showing an improvement in trading relative to the same period in the previous year as a result of the benefits of new business gains during the recent months. Indications are that the main financial benefit will impact on the second half of the financial year. The company will announce full details of the Half Year Results for the six months ended 30 September 2013 during November. For further information: Resources in Insurance Group plc John French, Executive Chairman www.riig.co.uk
28 October 2013 RECOMMENDED CASH ACQUISITION of ALPHA STRATEGIC PLC resulting in the holding by NORTHILL EUROPE HOLDINGS S.ÁR.L. (a wholly-owned subsidiary of Northill Capital Holdings Limited) of the entire issued share capital of Alpha not already owned by Northill to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 Posting of Scheme Document On 18 October 2013, the independent directors of Alpha Strategic plc ("Alpha") and the board of directors of Northill Europe Holdings S.ár.l. ("Northill") announced that they had reached agreement on the terms of a recommended offer to be made by Northill in cash for the entire issued and to be issued share capital of Alpha (the "Acquisition"). As outlined in that announcement, the Acquisition is to be implemented by way of a scheme of arrangement (the "Scheme"). Alpha announces that the scheme document relating to the Acquisition, containing, among other things, the full terms of, and conditions to, the Scheme and an explanatory statement, together with the actions to be taken by Alpha Shareholders (the "Scheme Document"), is today being sent to Alpha Shareholders, together with the Forms of Proxy for the Court Meetings and the General Meeting. Subject to the approval of the Alpha Shareholders, the sanction of the Court and the satisfaction or waiver of the other Conditions, it is expected that the Scheme will be implemented in December 2013. The expected timetable of principal events for the implementation of the Acquisition is set out at the end of this announcement. Full details of the Scheme, the Court Meetings and the General Meeting are set out in the Scheme Document. The Scheme Document also contains information on Alpha, Northill and Northill Capital and the terms and conditions of the Acquisition. Notices of the Court Meetings and General Meeting Notices of the Court Meetings and the General Meeting are set out in the Scheme Document. The First Court Meeting will start at 11.00 a.m. on 21 November 2013 at the offices of Reed Smith LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2RS. Implementation of the Scheme also requires approval of A Shareholders at the Second Court Meeting and Ordinary Shareholders at the General Meeting, each such meeting to be held at the same venue at 11.15 a.m. and 11.30 a.m. (or as soon thereafter as the Court Meetings are concluded or adjourned), respectively, on 21 November 2013. Action to be taken Details of the Shareholder Meetings to be held and the action to be taken in respect of the Scheme are set out in the section entitled "Action to be taken", starting on page 9 of the Scheme Document. Shareholders will find accompanying the Scheme Document a BLUE Form of Proxy for use at the First Court Meeting, a PINK Form of Proxy for use at the Second Court Meeting and a GREEN Form of Proxy for use at th
28 October 2013 Redcentric plc ("Redcentric" or "the Company") Contract Wins Redcentric plc (AIM:RCN.L), a leading end to end managed service provider delivering innovative technology to improve business productivity and efficiency, is pleased to announce an extension of a managed service contract with a property developer first announced on 27(th) June 2013, and a new ICT project and maintenance contract win with a leading media business. The managed service contract was originally valued at approximately GBP4.7 million of revenue over the course of the three-year contract. The contract term has now been extended for a further two years increasing the value of the total contract by a further GBP3 million. The contract is now expected to be worth approximately GBP7.7 million of revenue over the course of five years. As reported previously, Redcentric's consultancy services will form a key part of transitioning the customer to its new services. While most of this revenue will fall outside of the current financial year this type of contract will contribute significantly to Redcentric's growing annuity base and validates the quality and breadth of its end-to-end services. In a separate deal, Redcentric has won an ICT project and maintenance contract with a leading media business. The deal will see Redcentric provide hardware installation and consultancy as well as support over three years in a deal worth approximately GBP0.94m over the course of the contract. Fraser Fisher, Chief Operating Officer, commented, "It is extremely pleasing to announce the significant extension of an important contract at such an early stage in the initial contract period, as well as another new three year contract. Redcentric's consultancy services have been crucial to both wins and these multi-year contracts are a testimony to the high level of service provided by Redcentric and the faith our customers have in our long term ability to deliver their mission-critical services." Enquiries: Redcentric plc Tel. +44 (0)845 034 1111 Tony Weaver, Chief
28 October 2013 ECO Animal Health Group plc ("ECO" or "the Company") (AIM:EAH) ECO RECEIVES POSITIVE OPINION ON AIVLOSIN® FOR TURKEYS IN EUROPE ECO is pleased to announce that it has received a positive opinion from the Committee for Medicinal Products for Veterinary Use (CVMP) of the European Medicines Agency (EMA) for the use of Aivlosin® 625 mg/g water soluble granules in turkeys. This positive opinion will allow for the medication of drinking water with Aivlosin® for the treatment of respiratory disease associated with Ornithobacteriumrhinotracheale (ORT) in turkeys. Aivlosin® is the first antibiotic to be granted approval in Europe for this specific indication, an economically important respiratory disease. Europe has a 30 per cent share of global turkey meat production. Aivlosin®, ECO's patented macrolide antibiotic, is used for the treatment of a variety of economically important respiratory and enteric (gut) diseases in pigs and poultry. Peter Lawrence, Chairman, commented "This positive opinion from the EMA is a further encouraging step in the development of Aivlosin® as a truly global, multi-species, versatile brand that treats a multitude of different diseases. It underlines ECO's commitment to be a major force in the global market for animal health products." Contacts: ECO Animal Health Group plc Peter Lawrence 020 8336 6190 Spiro Financial 020 8336 6196 Cenkos Securities plc (Nominated Adviser) Stephen Keys 020 7397 8926 ECO Animal Health Group plc is a leader in the development, registration and marketing of pharmaceutical products for animals. Our products for the global markets promote well-being. Our financial goals are achieved through the careful and responsible application of science to generate value for our shareholders. Eco Animal Health Group Plc
25 October 2013 Mail.Ru Group Limited Preliminary Trading Update for Q3 2013 25 October 2013. Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as "the Company" or "the Group"), one of the largest Internet companies in the high-growth Russian-speaking Internet markets, today provides an update on the preliminary unaudited segment revenues for Q3 2013. Q3 2013 Performance Highlights u Q3 2013 Group aggregate segment revenue grew 32.9% Y-o-Y to RUR 6,599 million (9 month 2013 Group aggregate segment revenue grew 29.9% Y-o-Y) u Net cash position as of 30 September 2013 was RUR 26,089 million u Monthly audience (TNS Russia) of Mail.Ru portal in September 2013 reached 33.7 million Russian users Key Recent Developments u Support for third-party email accounts in Mail.Ru email web service and mobile apps for iOS and Android u Public calendars with interesting information and events in Calendar.Mail.Ru (public holidays, sport events schedule, this day in history, etc.) u New share box, option to unlike and ability to share posts and photos from groups are available on all mobile apps and mobile web of OK u Favourites in OK - users can add posts from news feed to favourites u Enhanced tools for viewing and managing photos in OK (view in a full-screen mode, move to another album and quickly delete photos) u My World released iOS and Android apps optimized for tablets u My World introduced groups in Android app and photo section in mobile web version u Release of mobile game Jungle Heat on iOS (in addition to Android version) u Launch of new mobile game Lucky Fields on Android u Target.Mail.Ru launched mobile ad platform u Target.Mail.Ru introduced cross-device targeting (desktop/mobile) and targeting by OK group members u Significantly redesigned version of Amigo browser released u Search.Mail.Ru now adds relevant news headlines on search result page for Ukraine and Kazakhstan u New design of product listing and product info page in price comparison service Torg.Mail.Ru u Mail.Ru group sold 2.4 mln shares on Qiwi SPO in October reducing its stake to 10.4% and raising gross proceeds of $73.2 mln u Jan Bune, formerly senior audit partner at Deloitte NL is appointed to the board as an independent non executive director to replace Marcos Galperin who stands down effective 24(th) October. Commenting on the Q3 revenue update, Dmitry Grishin, Co-Founder and CEO of Mail.Ru Group, said: "I am pleased to report that our company has had another successful period with Mail.Ru Group meeting or exceeding key performance indicators, and hence delivering strong growth across all segments. Compared to Q3 2012, group revenue increased by 32.9% reaching 6,599 million, with 9 month 2013 group revenue growing by 29.9% Y-o-Y. As in H1 contextual advertising continues to be strong supported by a continued focus on the Target product, and our solid market share in search
4 October 2013 TRAKM8 HOLDINGS PLC ('Trakm8' or 'the Company') Result of General Meeting The Board of Trakm8, the AIM-quoted designer and developer of GPRS based hardware and software for the vehicle placement and security market, is pleased to announce that all resolutions at its General Meeting, which was held earlier today, were duly passed. This follows the Company's announcement on 8 October 2013 in relation to the proposed acquisition of Box Telematics Limited ("BOX") and placing and subscription of 9,409,090 new ordinary shares ("Ordinary Shares") at a price of 22p per Ordinary Share. As shareholder approval has now been granted, as required under Rule 14 of the AIM Rules, completion of the acquisition of BOX, the readmission of the Ordinary Shares to reading on AIM and dealings in such ordinary shares will take place at 8:00am on 25 October 2013. John Watkins, CEO of Trakm8 Holdings PLC, commented: "We are pleased to welcome the new shareholders who have helped us to complete this transformational transaction. BOX Telematics extends our client base, strengthens our IP ownership model and adds manufacturing capabilities. We look forwarded to delivering enhanced returns for our shareholders and reinforcing our position in the Telematics market." -ends- For further information please contact: Trakm8 plc 01747 858 444 John Watkins Executive Chairman James Hedges Finance Director finnCap Ltd 020 7220 0500 Ed Frisby / Christopher Corporate Finance Raggett Corporate Broking Simon Starr
I'll take a look...:) Thanks... I bought a few k worth at just under £26... Made a few £££, but sold too early... Also take a look at ADN, did okay with it today as well... Occasionally I'll swing trade the bigger boys as they're more liquid etc...
Aaargh! I sold way too early!
24 October 2013 Teliti International Limited ("Teliti" or the "Company") Proposed disposal of Teliti Datacentres The Company announces that it has today signed a conditional share purchase agreement ("SPA") with Noah Ventures Sdn Bhd ("Noah") relating to the sale of its entire interest in Teliti Datacentres Sdn Bhd ("Teliti Datacentres") for a total cash consideration of RM15,000,001 (the "Sale"). Background to the Sale At the time of the Company's admission to trading on AIM on 3 November 2011, its strategy was for Teliti Datacentres, its wholly-owned subsidiary, to complete the construction of a state-of-the-art datacentre in Malaysia, which would enable the Company's group ("Group") to offer co-location hosting services and cloud-based computing services. The latter would draw on the expertise inherent within its two operating divisions, Teliti Solutions and Teliti Services (operated by Teliti Solutions Sdn Bhd and Teliti Services Sdn Bhd respectively), which would also continue to grow their own business with departments of the Malaysian Government and other clients. However, the construction of the datacentre by Teliti Datacentres has been beset by a number of problems with the result that, over 18 months after its intended completion date, it remains unfinished. The delays to the datacentre, which have been announced to the market over the last 16 months, have led to a significant increase in costs from the additional interest accrued during the elongated construction time. At the same time, the delay in commencing operations has adversely impacted the Group's ability to increase its revenue base. The combined consequences have been to seriously constrain the Group's cash flows. As announced on 21 June 2013, the Board was unable to secure the necessary funding to enable the datacentre to be completed this year and, instead, has had to seek a buyer for the project in order to limit the adverse impact on the rest of the Group of the RM111,506,741 debt burden of Teliti Datacentres. As a result, the Directors have agreed to dispose of Teliti Datacentres to preserve the value of Teliti Solutions and Teliti Services. Noah, being associated with the main contractor for the construction of the datacentre, will conditionally acquire Teliti Datacentres, together with all its outstanding debt, with a view to completing the construction work of the datacentre. Sale Details The total cash consideration for the Sale is RM15,000,001, payable in three tranches. The first payment of RM6,000,000.40 is payable within sixty days from the issuance of a bank guarantee from Affin Bank Berhad ("Affin Bank") to Noah ("First Payment Date"). Assuming that the conditions detailed below are satisfied, the issuance of the bank guarantee is expected to follow within a month of the Company's general meeting mentioned below. The second payment of RM
She moving!
24 October 2013 ABERDEEN ASSET MANAGEMENT PLC (Registered in Scotland No. SC82015) Aberdeen Asset Management PLC (the "Company") notes recent press speculation and confirms that it is in discussions with Lloyds Banking Group PLC ("Lloyds") in relation to a possible acquisition of Scottish Widows Investment Partnership and the formation of a strategic partnership with Lloyds. The potential acquisition would add further scale and diversity to the Company's product range, thus complementing organic growth, consistent with the Board's strategy. If agreed, the acquisition would be funded through the issuance of new shares in the Company to Lloyds and additional deferred payments in cash, conditional on the performance of the partnership over a period of years. The proposed transaction would also offer substantial cost efficiencies and synergies. The Company would expect any transaction agreed to be materially earnings per share enhancing. It would also reinforce the Company's commitment to a progressive dividend policy and to return surplus capital to shareholders over time. There can be no certainty that the discussions will lead to any transaction or any certainty as to the terms on which any such transaction might proceed. Further statements will be made if and when appropriate. For further information, please contact: Maitland +44 (0) 20 7379 5151 Neil Bennett Tom Eckersley
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Flying!
24 October 2013 Phorm Corporation Limited ("Phorm" or the "Company") Turkish Operations Update Continued strong growth in KPIs Phorm (AIM: PHRM), a leading internet personalization technology company, announces today that the strong growth announced on 27 September 2013 is continuing. -- 4.4 million monthly opted-in users -- 1.4 million active on daily basis -- Advertising network and publisher partners provide over 2.1 billion requests per month, month-on-month increase of 73% -- 126 million advertising impressions served in September, month-on-month increase of 89% Phorm previously announced on 27 September that key performance indicators were showing strong growth. The Company is pleased to announce that this growth is continuing and in, some cases, strengthening. Phorm is pleased to announce that the number of daily active users has risen to 1.4 million while monthly opted in users have risen to 4.4m. Phorm's publisher network continues to expand. The Company previously announced that it had received an average of 40 million requests per day in August; in September this grew to over 70 million requests per day and, as a result, the Company received a total of over 2.1 billion advertising requests during the month. The number of advertising impressions served by the Company has also increased significantly. In August the Company served 67 million impressions, this has grown by 89% to 126 million during the month of September. In addition to receiving excellent feedback, Phorm is also delighted to announce that advertisers are rebooking campaigns reflecting the positive experience that they have had. The Company is focused on building its revenue based on these excellent results and plans to update the market about Turkey on a quarterly basis going forwards. In addition, the Company will provide an update on progress in China very shortly. -ends- Contact Phorm Corporation Limited Andy Croxson (analysts & investors) +44 207 297 2067 UK Investors
Cheers for that info...:)