() has announced the launch of hVIVO’s COVID Clear Test, its antibody testing service, following the successful completion of installation, testing and training for the coronavirus (COVID-19) test, The service will be offered to large employer groups and partners including GP networks, nursing care businesses, health clinics and private hospitals. Samples will be tested in the company’s London lab with results returned within 48 hours.
() said it has signed a five-year deal with Abu Dhabi Motorsport Management (ADMM) to design, develop and deliver an esports racing championship (ERC). The AIM-listed firm said the ERC concept is based on a “unique format not seen in virtual racing before” and will feature professional simulation racing drivers and a roster of teams from digital motorsport. The championship will have two seasons each calendar year, with the first to take place in 2020 and be hosted by Gfinity.
() has received a takeover bid from Canadian-listed cannabinoid (CBD) extraction and agriculture specialist Stillcanna Inc. The offer, which was unveiled after Wednesday’s London close, will see Stillcanna offer 0.33507 new shares for each Sativa share, valuing the Aquis Exchange-listed company’s entire share capital at around £10.66mln. The offer represents a 28.6% discount to Sativa’s middle market closing price of 2.6p per share on April 21, when a deal was first mooted, and the group noted that following the deal its shareholders will own around 65% of the combined entity. In a separate announcement, also after yesterday’s close, Sativa reported its results for the year ended December 31, 2019, which saw its revenues increase more than five-fold to £1.45mln from £0.26mln while its gross margins improved to 52% from 42% due to a decrease in the cost of CBD extract and production efficiencies. Sativa also reported figures for the first quarter of 2020, posting revenues of £0.36mln, 49% higher than the prior-year and gross profit of £0.21mln with a 59% margin, ahead of management expectations.
Holdings PLC () said it is expecting further strong growth in the top-line in the current fiscal year. In a trading update covering the 12 months to the end of May 2020, the immunodiagnostics specialist noted that its revenue was in line with market expectations. Meanwhile, it said, the next 18 months are expected to create substantial revenues within the EarlyCDT lung cancer test business. while the pipeline of contracts within the ImmunoINSIGHTS services business is building. also noted that its board has been streamlined, as a result of which Geoffrey Hamilton-Fairley, the non-executive vice-chairman and co-founder of the company, plus two other non-executive directors – Julian Hirst and Carsten Schroeder – have stepped down from the board with immediate effect.
() () said the chairman of its scientific advisory board has received a research grant from the National Institutes of Health in the US to investigate the company’s nasal anti-CD3 drug, Foralumab, for the treatment of Alzheimer’s disease. The NIH award provides third-party validation of the work of Dr Howard Weiner in an area of great unmet medical need. He believes the nasal administration of Foralumab is a “potentially revolutionary approach” to treat patients with Alzheimer’s.
(LONCOPL) shares doubled on Thursday as the oil and gas junior announced a settlement in principle regarding its dispute with Essar over the OML 226 prospect off Nigeria. The agreement will see COPL’s 50% owned affiliate ShoreCan transfer 70% of its stake in Essar Nigeria to Essar Mauritius in return for an end to the legal action brought by the Indian conglomerate. Essar Nigeria’s sole asset is a 100% interest and operatorship of OPL 226, which lies 50 kilometres offshore in the central area of the Niger Delta. Through the agreement, Essar Mauritius will grant Shorecan a 10% carried interest (capped at US$5mln net) on all costs relating to the drilling of a first appraisal well at OPL 226.
() has had its share price target bumped up to 7.3p by Cenkos, which was impressed by yesterday’s result from the El Salmiya-5 well in Egypt. This was significantly better than pre-drill expectations, said the broker, with 120m of net pay and 8,700 barrels per day (boepd) on test from the primary Kharita target formation. The ASH2 well is still producing over 3,000boepd and net production levels from Abu Sennan are likely to rise to over 2,500boepd in the coming weeks, said Cenkos.
() has said it continues to receive support for the development of its Thar project in Pakistan. As announced in March, Oracle has submitted an application to the Private Power and Infrastructure Board for a letter of intent (LOI) on behalf of the consortium developing the project. The issuance of the LOI will be a major step in the development of Thar Block VI and would confirm the Government of Pakistan’s commitment to purchase power from Thar Block VI. Oracle has now paid the US$50,000 evaluation fee that became due under the terms of the LOI and has received a payment of US$7,491 from Sheikh Ahmed Dalmook Al Maktoum’s private office in respect of the office’s share of the evaluation fee.
Personal Group PLC () chairman, Mark Winlow will tell shareholders at Thursday’s annual general meeting that, given the current coronavirus (COVID-19) pandemic environment, the leading provider of employee services has made an encouraging start to the year. In the AGM statement, Winlow said: “We continue to engage with clients, existing and new and I am pleased to announce that we are negotiating significant potential new Let’s Connect and Insurance clients which are on-going despite the challenges of COVID-19.” In a separate statement, Personal Group on also announced that its CFO Mike Dugdale has confirmed his intention to retire on September 30, 2020. The company said Sarah Mace, the group financial controller and company secretary, will be appointed as Interim CFO on September 30, Dugdale’s departure date allowing an orderly handover and transition time.
Group PLC () has increased its interim dividend saying it is good financial health while inflows and the performance of its funds saw a rebound in April. Inflows into its funds were a record £1.8bn in the half-year to March 31, 2020, Impax said, but assets under management were affected by coronavirus volatility and dropped by 4% to £14.4bn. In April, net inflows were almost £300mln, it added, and at the end of the month assets under management had rebounded to £15.8bn.
(), the AIM-listed investor in natural resource opportunities, has announced that, following its announcement of March 12, 2020, it has acquired, in aggregate, 100,000 shares in Sandfire Resources Limited at an average price of A$3.06 per share and has disposed of, in aggregate, 340,000 Sandfire shares at an average price of A$4.14 per share. Following these trades, Metal Tiger’s resulting shareholding in Sandfire is now 6,326,990 shares, representing approximately 3.55% of Sandfire’s issued share capital. As announced on May 20, 2020, 2,003,923 of the Sandfire shares the company holds are subject to equity derivative collar financing arrangements with a global investment bank.
() said it has raised £1.1mln through a placing and subscription of around 244.4mln new shares to help pay the remaining balance of £990,000 for the acquisition of New Age Exploration’s interest in Cornwall Resources, holder of the Redmoor Tin/Tungsten project. The AIM-listed company said the shares had been issued at a price of 0.45p each, a 28.6% discount to its closing price on Wednesday, adding that it is also allowing existing shareholders to subscribe for up to 22.2mln new shares at the same price through a broker option. “The company continues to limit equity raisings to only fund projects it believes will value add over time. Today’s raise not only achieves this, through securing the balance of the Redmoor acquisition, but the board considers that it will also remove a perceived market overhang associated with the need to fund this liability”, Strategic Minerals chairman Alan Broome said in a statement.
() has raised £166,066 by placing shares at a penny a pop. The placing shares came with warrants attached that can be exercised at 1.5p a share. In all, 16.6mln shares were issued along with 17.6mln warrants. The funds raised will be used to advance and complete negotiations with the Sun Seven Stars Investment Group (SSSIG) on a transaction involving the London Critical Metals Market (LCMM).
(), the international technical services provider to the global video games industry, has announced that Andrew Day, its chief executive officer, yesterday exercised 150,095 options over ordinary shares dating from the time of the company’s IPO in 2013. Of these 150,095 options, 86,593 were awards granted on 8 July 2013 under the terms of the company’s long term incentive plan and were due to expire on July 8, 2020, and 63,502 were awards granted on July 12, 2013, under the terms of the company’s EMI stock option plan and were due to expire on July 12, 2020. It said that Day has sold the shares issued to him under these LTIP and SOP option exercises at a price of 1,770p per ordinary share, in part to cover personal income tax and other liabilities arising from the exercise of the options. As a result, Day’s interest in the company’s share capital remains unchanged at 3,296,573 ordinary shares, equivalent to 4.5% of the company’s issued share capital. Following this exercise of options, the group added, Day has 297,000 unexercised options over the company’s ordinary shares.
Clear Leisure () announced that Eufingest SA, a substantial shareholder of the company, has agreed to extend repayment of loans amounting to €3,925,000 and £30,000 to September 30, 2020, or such earlier date as may be agreed with the company, Francesco Gardin, Clear Leisure’s executive chairman and CEO commented, “I wish to thank Eufingest for its continuous and ongoing support to the Company, as demonstrated once again.”
CentralNic Group PLC (), the internet platform that derives revenue from the worldwide sales of internet domain names, announced that at its annual general meeting held on Thursday all resolutions were duly passed.
. () announced that its shareholders approved all the resolutions put to them at its annual meeting of shareholders held on June 3, 2020.
(), one of the UK’s leading SIPP providers, announced that all resolutions put to its annual general meeting held on Thursday were duly passed.
(LON:PAM) said that at the company’s annual general meeting held on Thursday all of the resolutions put to shareholders were duly passed. The results of the poll, including the proxy voting, will be available on the company’s website: www.panthermetals.co.uk.
(), the leading consultant for energy procurement, utility cost optimisation and legislative compliance in the UK and Ireland hs said its AGM will be held at 10.00am on June 30, 2020, at the offices of Gateley PLC, Ship Canal House, 98 King Street, Manchester M2 4WU. In light of the evolving coronavirus (COVID-19) pandemic, the shareholders are requested not to attend the AGM as the company will not be able to allow entry to anyone seeking to attend in person. The company will convene the AGM with the necessary quorum of two shareholders and shareholders are encouraged to vote by proxy, electronically or by post in advance, in accordance with the instructions set out in the Notice of AGM. Shareholders are also invited to submit any questions to the company in writing, no later than Friday, June 26, to [email protected] with details of their name and shareholding and the company will endeavour to respond to the key themes of the questions.
(LON: SNG), the respiratory drug discovery and development company, has said that, in line with the UK government’s latest guidelines on coronavirus (COVID-19), it will host its AGM as a closed meeting at The Blueprint Design Company Limited, Martins Barn, Birdham Road, Chichester, West Sussex PO20 7BX at 9.00am on June 29, 2020. Any shareholders attempting to attend the AGM will be refused entry and will be convened with the minimum necessary quorum of two shareholders, with the outcome of the resolutions determined by shareholder vote based on the proxy votes received. Shareholders are therefore strongly encouraged to vote by proxy on the resolutions contained in the AGM notice which should either be completed electronically – using either Link Asset Services’ Signal Shares share portal service at www.signalshares.com, or by completing a CREST Proxy Instruction – or be posted to: Link Asset Services, PXS 1, 34 Beckenham Road, Beckenham, Kent BR3 4ZF and must be received by 9.00am on June 25, 2020, in order to be valid. The results of the AGM will be announced to the London Stock Exchange and placed on the company’s website, in the usual way, as soon as practicable after the conclusion of the AGM.