The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Hurricane Energy PLC - Surrey, England-based oil and gas exploration company - Acquirer Prax Exploration & Production PLC receives confirmation from North Sea Transition Authority that the UK oil and gas industry regulator will not exercise its power over any onshore and offshore production licence currently held by Hurricane to revoke the licences or otherwise hinder the acquisition. Back in March, Hurricane agreed to be acquired by Prax for £249.0 million.
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Scirocco Energy PLC - Leeds, England-based investment firm focused on assets with the European sustainable energy and circular economy markets - Extends longstop date, alongside ARA Petroleum Tanzania, to allow further time for the divestment of its Ruvuma asset in Tanzania from June 30 to August 31. Says it is ‘confident’ in achieving completion of the divestment within the extended timeline, but completion ‘cannot be guaranteed.’ Adds that previously announced acquisition of an anaerobic digestion plant in south-west England will not proceed due to the Ruvuma transaction delay.
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Capital & Regional PLC - London-based real estate investment trust focused on community shopping centres - Completes 29 new lettings and renewals worth £700,00 in four months to April 30 and is on track to deliver capital expenditure projects across its portfolio.
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Marwyn Value Investors Ltd - investment company managed by Marwyn Asset Management Ltd - Marwyn Investment Management invests £8 million in Palmer Street Ltd ‘to provide a differentiated business proposition in the private capital servicing sector’. Says Palmer is expected to become an operational business in 2024 once regulatory approvals are finalised. Marwyn will be the lead investor.
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Gelion PLC - London-based Anglo-Australian battery technology - Says acquisition of lithium sulfur and silicon anode patent portfolios from Johnson Matthey PLC ‘already bearing fruit’. Plans to retain majority of these intellectual property portfolios - which include over 450 patents - to strengthen Gelion’s own development in the LiS battery market, but signs agreement to sell subset silicone anode IP that are non-core to Gelion- a total of 73 patents - to Sicona Technologies Pty Ltd for $1.5 million.
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