The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Alternative Income REIT PLC - London-based real estate investment company - Net asset value per share as at December 31 stands at 84.3 pence, down 13% compared to 97.0p as at September 30. Records a NAV total return of negative 11.6% versus 2.3% a quarter prior. Attributes this to a decrease in the portfolio valuation. Declares a second interim quarterly dividend of 1.375p per share for the quarter. Reconfirms its dividend target of at least 5.7pps. Rent collection remains resilient with 100% expected for the December 2022 quarter, it adds.
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Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - Signs mining conventions providing tenure security and fiscal certainty for an initial 30-year period with the government of Mauritania. Notes that this is a key milestone to support financing the development of the Tiris project. ‘What we see the is potential of the Tiris region in the uranium world. With the formalisation of our Mining Convention and our partnership with ANARPAM, we are keen to work with the government of Mauritania to develop the Tiris resource. Our increased knowledge and our belief in the quality of the resource gained from the drilling program and the expansion studies, to be released imminently, we believe will allow us to develop a world-class uranium operation,’ Chair Phil Mitchell comments.
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Maven Income & Growth VCT 5 PLC - London-based investment firm - Confirms that its unaudited net asset value as at November 30 amounted to 35.40 pence per share. Proposes a final dividend of 0.50 pence per share for the year that ended November 30.
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Maven Income & Growth VCT 3 PLC - London-based venture capital trust - Confirm that its unaudited net asset value per share as at November 30 stood at 57.32 pence per share. Proposes that a final dividend of 1.90p per share should be paid for the year ended November 30.
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Kodal Minerals PLC - mineral exploration and development company focused on lithium and gold assets in West Africa - Confirms the receipt of a $7.0 million deposit agreed upon with Hainan Mining Co Ltd. This is part of a conditional funding package of $117.8 million announced on January 19 that will provide full financing for the development and commencement of production at the Bougouni lithium project in Mali. Notes that the funding transaction remains subject to Chinese regulatory approvals, among other things.
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Alliance Pharma PLC - Chippenham, England-based distributor of consumer healthcare brands and prescription medicines - Promotes non-executivce director Richard Jones to senior independent director from non-executive director. He held the position since 2019, the company says. ‘I am also pleased to appoint Richard Jones as our first senior independent director. Richard will help support and expand our stakeholder engagement programme, building on his extensive experience in capital markets and leveraging his strong networks with shareholders,’ Chair David Cook says.
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Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Signs definitive agreements with CoTec Holdings Corp in relation to a £2 million convertible loan agreement in Mkango, a £1.5 million equity investment in Maginito, and a co-operation agreement regarding future investments in rare earth processing technology opportunities in the US, subject to closing.
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Valeura Energy Inc - Calgary, Canada-based upstream oil & gas company - Raises C$10 million, or £6.1 million, in a private placement of 3.9 million shares at C$2.54 each. Says that the net proceeds from will be used to fund the company’s pre-production operations at the Wassana field and its Wassana infill drilling programme and for general corporate purposes. Expects the closing of the offering to occur on or about February 9.
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Vulcan Industries PLC - London-based engineering services firm - Records revenue of £968,000 in the nine months to year-end, changed from a year before. Pretax loss in the period narrows to £697,000 from £1.0 million a year before. Notes that it identified further potential additional acquisition opportunities and will make further announcements as this progress.
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Advanced Medical Solutions Group PLC - Cheshire, England-based developer and maker of tissue-healing technology - Buys Connexicon Medical Ltd for an up-front payment of €7 million with further deferred payments, dependent on the delivery of certain ‘research & development, regulatory and commercial milestones between 2023 and 2027.’ ‘The acquisition will unlock significant commercial, R&D, regulatory, marketing and operational synergies that we are confident will enhance the scope of both companies. We are excited to add more tissue sealant expertise, products and brands to the AMS franchise ensuring that we remain at the forefront of this expanding market,’ Chief Executive Chris Meredith comments.
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