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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Vast Resources PLC - mining company with projects in Romania and Zimbabwe - Says it has received the signed and stamped High Court of Zimbabwe Order relating to the release of a historic parcel of 129,400 carats of rough diamonds held at the Reserve Bank of Zimbabwe. Says it will now commence transparent process for the release of the parcel.
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Engage XR Holdings PLC - Waterford, Ireland-based virtual reality software and technology group - Completes an oversubscribed placing of 219.9 million new shares at 4 pence per share, raising £8.8 million. Says the placing hares represent 76% of the company’s issued capital. Adds that Octopus Investment Ltd has agreed to subscribe for 11.9 million placing shares. ‘I am very excited by the opportunities for Engage XR and the funding from this placing provides the company with the balance sheet strength to really capitalise on our leading market position and deliver against the significant market opportunity before us,’ Chief Executive Officer David Whelan says.
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Superdry PLC - Cheltenham, England-based clothing retailer - Says Chief Executive Officer Julian Dunkerton acquired Superdry 301,768 shares at £1.21 per share on January 31, and 51,988 shares at £1.21 on February 3, with the acquisitions totalling £427,139 total.
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Bonhill Group PLC - London-based media company - Receives $6.5 million non-binding cash offer for the acquisition of InvesmentNews LLC from a US media buyer. Expects to sign a conditional agreement with the purchaser in March. Says it expects 2022 revenue of £13.6 million, down from £16.4 million a year ago, and loss before interest, tax, depreciation and amortisation of £1.5 million, swinging from Ebitda of £23,000 a year ago.
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B90 Holdings PLC - Isle of Man-based online marketing company - Announces £500,000 fundraising through subscriptions for convertible loan notes by existing investors. Says the funds raised will be used for growth initiatives and general working capital. Says it has agreed to issue £112,500 loan notes to a key marketing partner instead of a cash settlement due for services. Notes that business continues to perform in line with expectations during the second half of 2022, and expects 2022 revenue above €2.1 million, up from €826,855 million in 2021. ‘Our focus for 2023 is to accelerate revenue growth by utilising focused investment in marketing to improve site traffic and subsequently generate higher gaming volumes. In tandem, we are committed to reducing operating losses and providing investors with more visibility on the path to cash generation,’ Chief Executive Ronny Breivik says.
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