The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Mobile Streams PLC - London-based mobile content provider - Signs a five -year contract to be the exclusive provider of all Non-fungible tokens for Ladies Professional Golf Association golfer Gaby Lopez. Says this expands its ‘HeroesNFTclub’ brand into the golf sector. Does not disclose the financial details of the contract. ‘It’s a privilege to have signed Gaby Lopez to HeroesNFTClub. Gaby is an amazing and hugely popular golfer, known not only in Mexico but all over the world. We can’t wait to produce some great products together that her fans will love,’ Chief Executive Mark Epstein says.
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Kingswood Holdings Ltd - London-based wealth and investment management - Completes acquisition Glasgow-based financial advice firm Strategic Asset Managers Ltd. ‘The opportunity to build our relationships across Scotland is an exciting one as we strive to help more people achieve their goals. Kingswood’s build and buy strategy continues, with a further four purchase transactions under exclusive due diligence, that we expect to close in the coming months, plus additional transactions that are currently under negotiation,’ CEO David Lawrence says.
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Kropz PLC - African phosphate developer - Agrees R 550 million convertible equity facility with major shareholder ARC Fund. Secures the funding to progress the ramp-up of its operations at the Elandsfontein phosphate project in South Africa. Adds that the funds will also provide working capital to the company for ‘general corporate purposes’.
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GreenRoc Mining PLC - London-based miner-focused mineral projects in Greenland - Gets first batch of assay results from the drill core from the 2022 phase two drilling programme at its flagship Amitsoq graphite project in Greenland. Says the assay results from four of the 19 holes drilled returned more ‘world-class graphite grades’. Appoints Niras AS to undertake a social impact assessment at Amitsoq. This is a key precursor to a mining licence application in Greenland, it says. Alba Mineral Resources PLC - explorer with assets in Greenland, Ireland and the UK - holds a 54% majority interest in GreenRoc and notes the ‘positive’ developments at the project.
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Euromoney Institutional Investor PLC - London-based business information and events - Says Andrew Rashbass will step down as chief executive officer when the acquisition of Euromoney by Becketts Bidco Ltd is completed. ‘It has been a privilege to work at Euromoney during a period of great change alongside all my many talented and committed colleagues. It is an extraordinary team of people. I would like to thank the board and our shareholders for their support, and I wish the company, all its staff, and the new owners continued success,’ Rashbass comments. Becketts Bidco is a consortium of Luxembourg-based private equity firm Astorg Asset Management and London-based private equity firm Epiris LLP.
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Ingenta PLC - Oxford-based publishing software developer - Says its tender offer was ‘significantly’ oversubscribed. Records a total of 5.4 million shares, representing 33% of its issued share capital. The offer was 1.8 million shares, representing 11% of its share capital. Accordingly, a total of 1.8 million shares will be purchased under the offer and cancelled. Plans to return £2.1 million to shareholders.
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Brandshield Systems PLC - London-based cybersecurity solutions provider - Plans to undertake a fundraise consisting of a placing and a subscription at a price of 6 pence per new ordinary share to raise £1.8 million. Says that it will be in a position to maintain growth in annual recurring revenue and to further capitalise on a significant market opportunity, following the fundraise. ‘This additional round of investment will enable us to maintain our growth to further increase our market share. Our products are now deployed across multiple sectors globally, protecting a diverse customer base from multinational household names to small, high-growth companies,’ Chief Executive Officer Yoav Keren comments.
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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports that its portfolio company PDS Biotechnology Corp received results for the quarter that ended September 30. ‘PDS Biotech has made substantial progress during the third quarter, as it continues to execute its commercialisation strategy for their lead candidate, PDS101. We are delighted with the headway they are making in 2022, despite a challenging biotech public markets environment,’ CEO Ilian Iliev comments.
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New Century AIM VCT PLC - London-based venture capital trust investing in AIM-listed companies - Net asset value per share as at August 31 67p, down versus 98p as at February 28. Pays a dividend of 9p per share on September 22.
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Global Ports Holding PLC - London-based cruise port operator - Signs a 10-year concession, with a 10-year extension option, with the Prince Rupert Port Authority to manage cruise services at the Prince Rupert Cruise Port in British Columbia, Canada.
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Rogue Baron PLC - London-based distiller - Appoints Ainslie Wood as non-executive chair with immediate effect. Says that Wood is a ‘highly experienced’ corporate finance executive with wide-ranging international and capital markets experience.
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