The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Time Out Group PLC - media and hospitality business - Opens new Time Out Market in Barcelona on Friday. ‘This is the company’s ninth food and cultural market and the first to open in Spain. There are further seven signed and due to open between 2024 and 2027,’ it adds. A market in Bahrain is expected to opened this year, before Osaka, Budapest, Vancouver and Abu Dhabi in the next.
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US Solar Fund PLC - renewable energy fund focused on utility-scale power plants in North America - Net asset value at March 31 first-quarter end falls 0.9% on-quarter to $255.9 million, or $0.77 per share.
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Fenikso Ltd - investor in Nigerian oil and gas assets - Receives $1.3 million as partial repayment of Lekoil & Gas Investments loan of $51.9 million. Remaining balance is $40.9 million. Says amount received to go towards repaying Savanah Energy Investments Ltd loan which currently has outstanding balance of $12.9 million.
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Blencowe Resources PLC - mineral exploration company developing Orom-Cross graphite project in Uganda - Converts 600 tonnes of in situ raw material into 30 tonnes of graphite concentrate. Labels this a ‘critical step in commercial scale testing’. ‘The 600 tonnes bulk sample conversion was undertaken by Jilin New Technology Graphite Co, a market leader in graphite processing, with results reconfirming the attractive qualities of Orom-Cross graphite,’ it adds.
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Ceps PLC - Bath, England-based investment company focussed on industrial sector - Receives final payment of £30,060 related to surplus from wind-up of company’s defined benefit scheme.
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Seeen PLC - London-based social media and technology company - Revenue in 2023 falls 37% to $2.1 million from $3.3 million a year earlier. Pretax loss narrows to $5.3 million from $10.7 million. Total administrative expenses fall to $5.8 million from $11.2 million. Shares restored to trading after results issued.
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Argo Blockchain PLC - London-based cryptocurrency miner - Mines 44 bitcoin or equivalent in June, in line with May, generating $2.9 million in revenue, also flat from May.
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Valereum PLC - focused on tokenised digital markets as an exchange and marketplace operator - Seals £2 million raise from Chair James Formolli through issue of 55.4 million shares at £0.036 each. ‘As announced previously, the proceeds of the raise will be used to fund Valereum’s growth across its VLRM Markets, Technology and Capital verticals. In addition, the proceeds will be used to expand the utility of GATE Token across the VLRM ecosystem and to extinguish its remaining loan, following which, there will be no outstanding loan liabilities,’ it adds.
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Physiomics PLC - Abingdon, Oxfordshire-based mathematical modelling and data science for new medicines - Raises £25,000 through issue of 4.2 million shares to existing retail shareholders in UK. Fundraise secures £406,417 in total.
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Science in Sport PLC - London-based performance nutrition product company - Raises £8.0 million through placing of 47.1 million shares at 17 pence each. Placing shares represent just under 26% of share capital. Notes Executive Chair Daniel Wright purchases 613,000 shares at price of 17p each, £104,210 in total. Wright now has interest in 3.5% of shares in firm.
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