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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88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Provides quarterly update. At Project Phoenix says Hickory-1 planning and permitting activities on schedule for to start in the first quarter of 2024. Mapping of the Upper Slope Fan System has demonstrated a reservoir zone that is more laterally extensive than was originally mapped. Reports cash balance of A$10.2 million and no debt as at September 30 after the completion of the non-renounceable rights issue and shortfall placement during the quarter.
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CPPGroup PLC - Leeds, England-based technology-driven assistance and insurance provider - Updates on new business wins for Blink Parametric, the group’s InsurTech business. Says Blink continues to demonstrate good progress and has recently signed a global agreement with a multinational insurance company, Mawdy, along with new agreements with clients in Canada, Switzerland and Latin America.
Sid Mouncey chief executive comments: ‘These new agreements provide further proof points for Blink Parametric’s potential in the global insurance marketplace.’
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Online Blockchain PLC - London-based blockchain research and development company - In collaboration with OrdinalsBot, launches limited-edition Bitcoin Ordinals collection dedicated to celebrating 50 years of The Rocky Horror Show. The collection is limited to just 50 Bitcoin Ordinals.
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US Solar Fund PLC - London-based investment company focusing on owning and operating solar power assets in North America - Publishes circular for shareholders which includes proposed changes to the company’s investment policy which will be put forward at a general meeting of shareholders. Also, contains information on the use of balance sheet cash and, details of the terms agreed with a potential new investment manager, Amber Infrastructure Investment Advisor LLC. Amber’s appointment is conditional on shareholder approval of the changes to the investment policy.
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RM Infrastructure Income PLC - London-based investor in loans to infrastructure assets - Updates regarding the proposed managed wind-down of the company. Reports good progress regarding the proposals it intends to put forward to shareholders in relation to the managed wind-down. However, some of the discussions on certain aspects of the proposals have not yet reached a conclusion. Expects to publish a shareholder circular by the end of November to convene a general meeting, at which it will seek approval from shareholders for the managed wind-down.
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RBG Holdings PLC - London-based legal and professional services firm - Announces the group’s specialist sell-side M&A advisory business, Convex Capital Ltd has exchanged contracts on the sale of a manufacturing business on behalf of a client. Convex Capital will receive a fee of around £1 million when the deal receives regulatory approval, which is anticipated before the year-end.
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