The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Appoints Robin Archibald to board from October 1. He will replace outgoing Chair Mark Burton at the 2024 annual general meeting. The company’s last AGM was on September 14. Archibald is the former head of corporate finance and broking at Winterflood Investment Trusts and was chair of Albion Technology Venture Capital Trust. Archibald joins the board alongside Liz Peace, who joins as non-executive director on October 1. Peace was a ‘key player’ in the creation of Farnborough, Hampshire-based defence technology company QinetiQ PLC in 2001 and was chief executive officer of the British Property Federation, where she played a ‘significant’ role in the creation of the UK’s Real Estate Investment Trust structure.
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Barkby Group PLC - investor in roadside property and in consumer and life sciences companies - Notes that subsidiary Cambridge Sleep Sciences grants five-year global license to Mammoth International Ltd, enabling it to manufacture a Smart Mattress via CSS’s SleepEngine platform. Under the contract, Mammoth will pay CSS a royalty of £75 per single mattress and £150 per double mattress it produces. CSS CEO Julian Stone says: ‘We’re delighted to be working with Mammoth, helping it to enhance its product range with a new Smart Mattress. Mammoth has strong credentials, particularly in specialist health and sport mattresses and our technology is a natural extension of their design ethos.’ Company adds that CSS is in advanced negotiations with ‘several household names’ on several multi-year enterprise licensing deals for its SleepEngine technology.
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Bivictrix Therapeutics PLC - biotechnology company focusing on cancer therapies - In the first half of 2023, pretax loss narrows to £1.4 million from £1.6 million a year prior, with the loss being the same as operating costs for both periods. Looking ahead, Chief Executive Officer Tiffany Thorn says: ‘I am very encouraged by the growth we have made towards future-proofing the company, supported by notable progress towards moving our lead asset, BVX001, towards the clinic and broadened internal capabilities and know-how.’ After BVX001 has received a patent in the US for broad protection until 2039, the company is eyeing a further granted patent in Japan in the next weeks.
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Eurasia Mining PLC - London-headquartered, mining and mineral exploration company formerly focused on Russia - Pretax loss in the six months to June 30 widens to £7.4 million from £7.2 million a year prior, as loss classified as ‘other’ increases to £6.4 million from £2.8 million. Notes that the first half of 2023 was mostly focused on selling its Russian assets. Chair Christian Schaffalitzky says: ‘We recognise that, in relation to the potential asset sale, it may be a source of frustration for shareholders that we cannot report on specific counterparties, the nature of our discussions, and the ongoing processes in more detail. This reflects the regulatory regime and the many confidentiality agreements that govern this activity. However, although there can be no guarantees, all the Eurasia board members are engaged in contributing towards a successful outcome to this process, and we look forward to providing our shareholders with further updates as appropriate.’
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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Expects to release 2022 results in the next 2 to 3 weeks, with the audit process taking longer than expected due to Moore Stephens Audit & Assurance Jersey Ltd needing time to on-board the company and its Ghanaian subsidiary. Moore Stephens has been Goldstone’s auditor since June. Further, Goldstone says it is in discussions with Asia Investment Management Services Ltd to seek an appropriate extension to its secured gold loan facility which is due to mature on September 30. Regarding results for the first half of 2023 which are due at the end of the month, the company aims to release them shortly after publishing its 2022 results.
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Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Raises £2.5 million via conditional placing of 69.4 million shares at 3.6 pence each. Proceeds will be used to support expansion of the company’s key business divisions, and the expected appointment of new revenue generating teams to speed up growth across Oberon. Placing of the shares is conditional on approval from shareholders at the annual general meeting on Thursday. Looking ahead, CEO Simon McGivern says: ‘Oberon is anticipating considerable growth in 2023 and beyond, which will be bolstered by this placing. We warmly welcome our new institutional investors, alongside the continued support from our existing investor base.’ Further, company announces retail offer to raise up to £500,000 via the Winterflood Retail Access Platform, via issuing 13.9 million shares at 3.6p each.
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