The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Regional REIT Ltd - London-based real estate investment trust - Updates markets markets on third quarter of 2023. Says it continues to trade ‘well’ and has made has made good progress, completing a number of lease renewals during the quarter. Retention remained high with 73.2% of units up for renewal let to the same tenants. Renewals achieved a 6.2% uplift in rental income.
----------
Southern Energy Corp - Calgary, Canada-based natural gas exploration and production company - Completes $5 million financing through issue of 26.6 million shares priced at 15.5 pence each. Says financing comprises of a prospectus offering, placing and direct subscription. The net proceeds of the Fundraising will be used by the Company to accelerate the completion of its four drilled and uncompleted wells.
----------
Valeura Energy Inc - Alberta, Canada-based Thailand and Turkey-focused oil and gas company - Thoresen Thai Agencies Public Co Ltd buys 10.3 million shares, amounting to a 10.14% stale. Thoresen is now the company’s second largest shareholder. ‘We continue to believe an investment in Valeura shares offers substantial potential value for both pre-existing and new shareholders alike. Having a seasoned local investor take up a substantial position in our shares validates our strategy. We intend to continue delivering value through growth, for the benefit of all our stakeholders,’ Chief Executive Sean Guest says.
----------
Galantas Gold Corp - Mining company with interests in Northern Ireland and Scotland - Proposes non-brokered private placement of up to $3.0 million of unsecured convertible debentures. The net proceeds of the offering are expected to be used for exploration and development, working capital and for general corporate purposes.
----------
Falanx Cyber Security Ltd - Reading, England-based cyber security provider - Completes disposal of its cyber security division. Says it will sell its wholly owned operating subsidiary, Falanx Cyber Defence Ltd, and its wholly owned subsidiary Falanx Cyber Technologies Ltd, to Thetis Bidco Ltd for £4.2 million. Says disposal is expected to take place in early December. ‘Following completion, the net proceeds of the Disposal will be used to settle liabilities and effectively close the operational side of the remaining business,’ Falanx says. Upon disposal, Falanx will be regarded as an AIM Ruse 15 cash shell.
----------
Aptamer Group PLC - York-based biotech firm - In the 12 months ended June 30, revenue falls to £1.8 million from £4.0 million a year earlier. Pretax loss widens to £8.3 million from £2.6 million. Adjusted loss before interest, tax, depreciation and amortisation widens to £4.7 million from £1.7 million. Executive Chair Steve Hull says: ‘The new board has reset the group’s cost-base and revenue expectations. In addition, it has completed an extensive process improvement programme to support improved selections, which will reduce sample requirements and improve margins. We expect to continue to build on the company’s expertise to offer excellent services using the Optimer platform, with a key focus of achieving a cash breakeven position over the next two years.’
----------
Copyright 2023 Alliance News Ltd. All Rights Reserved.
