The following is a round-up of updates by London-listed companies, issued Tuesday and not separately reported by Alliance News:
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Round Hill Music Royalty Fund Ltd - New York-based music copyright investment company - Acquires significant majority of the music rights for American rock band Alice In Chains. Does not disclose financial details for deal. The acquisition covers the publishing, masters and neighbouring rights of the band, including a catalogue comprising 94 compositions and 159 recordings. ‘Revenue from the catalogue is attributable to a diverse group of sources...In terms of geographical exposure, 75% of the revenue is from the US, while the remaining balance is from other countries,’ Round Hill says.
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Aquis Exchange PLC - London-based stock exchange operator and software developer - Partners with Investre, which is building an exchange for retail customers to buy and sell ‘values-driven’ investment funds - either direct from the asset manager on the primary market, or by trading with other users through an auction process on the secondary market. ‘Aquis is providing the technology to power the secondary market, by supplying a fully outsourced technology model to Investre consisting of its award-winning Aquis Matching Engine, its Aquis Market Surveillance product, as well as ongoing operational support to the business. The duration of the contract will be three years, and the value of the contact will not be disclosed,’ company says.
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Beeks Financial Cloud Group PLC - Glasgow-based provider of connectivity for financial markets - Signs £2.5 million contract extension over three years with an existing unnamed tier 1 customer. The contract is for the provision of private cloud services into an additional geography, Beeks notes. Chief Executive Gordon McArthur says: ‘We continue to secure notable contracts with some of the world’s largest players in the financial services industry, demonstrating our growing reputation and the quality of our offerings. This latest contract contributes towards underpinning our financial 2023 expectations. With growing levels of committed future revenues and a record pipeline, we are confident in continued growth.’
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Cap-XX Ltd - New South Wales, Australia-headquartered manufacturer of ultra-thin prismatic and cylindrical supercapacitors - Wins contract from MCCI Corp, an open-source developer for LoRaWAN long-range wireless IoT networks. MCCI selects ultra-thin CAP-XX HW103 1Farad 2.75V supercap for its Model 4906 Supercap FeatherWing LoRa Module. ‘MCCI chose the CAP-XX supercapacitor for its thin form factor that fits easily in the Adafruit-Feather-compatible footprint, and for its low Equivalent Series Resistance which enables the high bursts of power needed for LoRa wireless data transmissions in both consumer Internet of Things and industrial IoT devices such as remote monitoring sensors,’ company says. Chief Executive Anthony Kongats says the deal proves how company’s prismatic supercapacitors can be ‘excellent supporting actors’ for power management in space-constrained IoT devices.
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LBG Media PLC - Manchester-based digital media and youth content publisher, also known as LADbible - Expects 2021 revenue to be at least £54 million, slightly ahead of expectations and increasing by 80% from £30.2 million in 2020. Adjusted earnings before interest, tax, depreciation, and amortization will be slightly ahead of market consensus of £16.2 million. Says direct revenue growth was driven by a significant increase in content marketing and direct display sales in the UK, Australia and Ireland. Notes indirect revenue increased significantly, primarily due to a 97% increase in views of group-generated content. Chief Executive Solly Solomou says 2021 performance ‘outstanding, both financially and operationally’.
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Nuformix PLC - London-based pharmaceutical development firm focused on fibrosis and oncology via drug repurposing - After signing exclusive global licensing agreement with Oxilio Ltd for NXP001 in September, Oxilio progresses product and signs ‘significant’ service contract with Quotient Sciences Ltd to support the formulation development of NXP001. This is a proprietary new form of aprepitant which is currently marketed for cancer chemotherapy induced nausea and vomiting. ‘Under the contract Oxilio will work with Quotient Sciences, a drug development and manufacturing accelerator, to identify and evaluate the cocrystal formulation of aprepitant to deliver optimal bioavailability for the treatment of CINV,’ Nuformix explains.
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Armadale Capital PLC - investment company focussed on mining projects in Africa - Makes further progress developing the mining lease at the Mahenge Liandu project in Tanzania, as part of its plans to commission commercial operations. Applies for three incremental exploration licences, which it hopes will ‘materially enhance’ the Mahenge Liandu project’s exploration potential.
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Riverstone Energy Ltd - Guernsey-based investor in energy companies and assets - Will sell its entire stake in Pipestone Energy Corp for C$53.0 million, about £30.8 million. Riverstone says it will use the proceeds as part of its plan to recommence its share buyback programme. Riverstone said it decided to allocate an additional £46 million to the £40 million programme launched last May. It already has repurchased 7.7 million shares at a total cost of £36 million.
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Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on Guyana and Namibia - Signs definitive share purchase agreement to buy 100% of Azinam Group Ltd in return for a 16.5% equity stake in the company. Co-Founder & Chief Executive Gil Holzman says: ‘This now puts the company a step further towards joining all of Azinam’s offshore exploration acreage into our broader portfolio. We are working towards drilling a well on Block 2B, a highly prospective play in the Orange Basin, offshore South Africa, close to the recent discovery by Shell PLC and Qatar Energy in the Orange Basin in Namibia. The well is planned for the second half of this year.’ Azinam owns a portfolio of offshore petroleum assets in Namibia and South Africa.
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