The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Safestyle UK PLC - Bradford-based retailer and manufacturer of PVCu replacement windows - Appoints Chief Financial Officer Rob Neale as chief executive officer, replacing the outgoing CEO Mike Gallacher. Gallacher will leave the business at the end of the year for personal reasons. Rob Neale has been Safestyle’s chief financial officer for almost five years. ‘Since his appointment as CEO in spring 2018, Mike has given exceptional service to Safestyle through some extremely turbulent and challenging times. I would like to thank Mike for his commitment to our people and our business and we wish him and his family well for the future,’ Non-Executive Chair Alan Lovell says.
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Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Enters into a partnership deal with EIZO Rugged Solutions to resell its range of display and accelerator cards. Does not disclose the value of the partnership. ‘Our graphics and video product offerings are complementary with Concurrent Technologies’ processor Plug-In Cards. Through this partnership, their customers will receive complete, tested solutions to accelerate system designs and win programs,’ President & CEO Selwyn Henriques comments.
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Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Says that the Cinnabar well in Tyler County, Texas was drilled in October 2022 and is now in the process of being completed and placed on production. Confirms that the service rig is now on site and has started work on completing the well.
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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Raises gross proceeds of approximately NOK158 million, or £13.1 million through a placing and issues the 35.2 million new shares in relation to the placing. This raises the number of total voting shares to 739.2 million.
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Foresight Sustainable Forestry Co PLC - London-based forestry investment trust, managed by private equity firm Foresight Group LLP - Reports that its NAV per share increased to 105.0 pence in the period from August 31, 2021 to September 30. Over the period since IPO, its records a NAV total return of 5.0%. Reports growth in the afforestation part of its portfolio. Looks forward to 2023 with ‘considerable confidence.’
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Avingtrans PLC - provides components and systems for the energy, medical and industrial sectors - Notes that its CEO Steve McQuillan was appointed as the non-executive chair of emerging MedTech business, Adaptix.
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Getech Group PLC - Leeds, England-based geo-energy and green hydrogen company - Completes the first step in developing its Inverness green hydrogen hub. Explains that the site forms an important element of its broader hydrogen network development and represents a milestone step in the process to develop a multi-hub green hydrogen network, with Inverness at its core.
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Beowulf Mining PLC - Natural resource developer and explorer focused on the Nordic region - Receives new results from its detailed geological mapping over its Red Lead target at the Mitrovica licence in Kosovo. Says the target is defined by a two kilometres trending lead-zinc-copper-gold soil. Identifies marble units along with gossans, trachyte bodies and carbonate alteration, further highlighting the potential for carbonate-replacement style lead-zinc-silver mineralisation. ‘Following on from the announcement of the discovery, in August, of the large polymetallic epithermal system at Majdan Peak and the announcement in September, with the results of drill intersections for Majdan Peak South and more drill targets, these results lead us to believe that Vardar’s licences could hold some of the most prospective exploration tenure in Europe for gold and base metals,’ CEO Kurt Budge comments.
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Genflow Biosciences PLC - A London-based biotechnology company - Files a new patent application with the US Patent & Trademark Office for the use of Sirtuin-6 and the gene variant’s therapeutic for the treatment of non-alcoholic fatty liver disease.
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HeiQ PLC - London-based textiles technology firm - Increases its interest in HeiQ Chrisal to 71% from 51%. It will pay €2.9 million for the additional 20% shareholding to the vendors of Chrisal. It will pay through the issue of 3.3 million new ordinary shares in the company, at a price of 0.751p per share.
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