The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Triple Point Venture VCT PLC - venture capital trust - Declares interim dividend of 2 pence per share to be paid on or around March 17. The ex-dividend date will be February 27 2025.
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Minoan Group PLC - developing hotel resort project in Crete - Says in discussions with providers of only secured debt, which expired on December 31, and expects to update shareholders in the near future. In addition, the discussions with a strategic partner announced in November continue in a ‘positive manner’. Expects to be able to provide a further update during the first quarter of 2025.
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Condor Gold PLC - company developing the La India gold project in Nicaragua - Court and General Meeting approve scheme by which planned bid by Metals Exploration PLC will be facilitated. Scheme is expected to become effective on January 15.
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Graft Polymer UK PLC - London-based developer and producer of alloyed polymers, biological supplements and drug delivery systems - Name change to Solvonis Therapeutics PLC is approved at general meeting on Monday.
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Dunedin Enterprise Investment Trust PLC - investment trust - Says special resolution was approved by shareholders. As a result, the company has been placed into members voluntary liquidation and Gareth Rutt Morris and Jonathan Dunn, both licensed insolvency practitioners of FRP Advisory Trading Ltd, have been appointed as joint liquidators.
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Global Connectivity PLC - Isle of Man-based broadband provider to rural areas in the UK - Further to announcements in December regarding unpaid share capital, confirms that it is still yet to hear as to how Barry Hersh, a former consultant of the company, intends to settle his £375,000.00 debt which became overdue on January 1. As a result of this debt, and to prevent further sales of these unpaid for shares, the company has exercised its lien over the 18.7 million which are directly held by Hersh. As a result Hersh will not be permitted to trade those shares unless and until they have been paid for. The company is now considering what further steps to take.
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Beacon Energy PLC - oil and gas company with a portfolio of onshore German assets - Rhein Petroleum GmbH’ informs company that it has completed a transaction to sell certain assets of Rhein Petroleum to a third party and therefore the process to liquidate Rhein Petroleum will commence. Company’s strategy continues to be the creation a self-funding oil & gas production company taking advantage of growth opportunities resulting from industry players as they reshape their portfolios. The board is presently in discussions on a range of opportunities, confident that it will enter into an agreement on at least one opportunity before mid-year 2025. Reflecting the Rhein transaction, Beacon becomes cash shell under listing rules. As such, it is required to make an acquisition, or acquisitions, which constitutes a reverse takeover under AIM Rule 14 within six months from Monday.
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Sealand Capital Galaxy Ltd - Asia-focused digital investor that offers financial and strategic support to entrepreneurs - Confirms that it knows of no reason for the recent rise in the share price. Draws attention to the announcement in November relating to a conditional investment in EVOO AI PLC. Following the holiday break, due diligence continues to progress and the company is hopeful to update the market as to a decision in the near term.
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Eckoh PLC - London-based provider of secure payment and customer contact products - Court and general meeting approve scheme by which bid from Eagle UK Bidco Ltd will be facilitated. Scheme is likely to become effective on or about January 20.
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