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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Caretech Holdings PLC - Hertfordshire, England-based residential social care and education services - Says the High Court of Justice in England and Wales has sanctioned the takeover from Amalfi Bidco Ltd, a consortium which includes CareTech founders Farouq and Haroon Sheikh and THCP Advisory Ltd. Confirms that September 26 will be the last day of dealings in, and for the registration of transfers of, and disablement of its shares.
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Tirupati Graphite PLC - graphite and graphene mining and processing in Madagascar - Says its Vatomina preconcentrate plant in Madagascar has achieved a name plate ore feed capacity of 600 tons per day. Expects to have a net ore throughput capacity of 2,400 tons per day and a name plate capacity of 36,000 tpa flake graphite production per annum across the Sahamamy and Vatomina projects. Development of the balance of 54,000 tons planned capacity across existing Madagascan projects will follow targeting the end of 2024 for completion.
‘This progress will help us to achieve our long-term goal of producing circa 8% of the global flake graphite market or 400,000 tpa by 2030,’ Executive Chair Shishir Podda says.
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Nuformix PLC - London-based pharmaceutical firm targeting fibrosis and oncology - Says NXP002, a potential treatment for idiopathic pulmonary fibrosis, appeared well tolerated in very high doses in a pre-clinical update. Says it currently continues to be ‘challenging’ to achieve consistent and reproducible results, which will likely increase in the study of combination therapies. Stops its current study and will initiate studies in 3D human IPF lung tissue using a disease and species relevant model, as a consequence.
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Manolete Partners PLC - London-based insolvency litigation financing - Says it was granted permission by the Court of Appeal to appeal a decision in the High Court. Warns that the process is likely to take some months and the outcome cannot be guaranteed.
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Anglo Pacific Group PLC - London-based natural resources royalty company - Says it has a 2.0% net smelter royalty interest over the West Musgrave project. Says first production for the project is targeted for the second half 2025.
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Funding Circle Holdings PLC - London-based commercial lender - Enters a lending partnership with Bayview Asset Management to provide £700 million of funding to small businesses over an 18-month period. This takes the total new forward flow funding commitments leveraging its platform to £2.4 billion.
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Neometals Ltd - London-based battery materials from upstream extraction and downstream processing - Swings to a pretax loss of $16.2 million in the year which ends June 30 from a profit of $21.0 million the year before, as other income falls to $912,857 from $35.8 million. Cites Covid-19 headwinds disrupting its international engagements and European business development focus.
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Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Says the transaction which allowed Harbour Energy PLC to exit and Navitas Petroleum LPto enter the North Falkland Basin with a 65% stake in, and operatorship of, all of its North Falkland Basin licences has been completed.
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