Source - Alliance News

The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Schroders Capital Global Innovation Trust PLC - London-based investment trust focused on a diversified portfolio of global private and public equity companies - Says cybersecurity portfolio firm Tessian to be acquired by Proofpoint. ‘The agreement is expected to close in late 2023 to early 2024, subject to customary closing conditions and required regulatory approvals. Details of the transaction were not disclosed,’ SCGIT says. It had made $6.8 million investment in Tessian back in May 2021.

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Gateley Holdings PLC - Birmingham, England-based legal and professional services group - Says £6.2 million total earn out consideration for acquisition of Gateley Smithers Purslow has been paid to vendors, satisfied 38% in ordinary shares in Gateley and 62% in cash. ‘The earn out consideration has been achieved as a result of GSP realising not less than £4.5 million of [earnings before interest, tax, depreciation and amortisation] over the 24 months to 30 September 2023,’ Gateley says.

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SDX Energy PLC - North-Africa focused oil and gas firm - Completes testing operations on the KSR-21 well in Morocco. ‘The well, targeting a prospect within the Hoot formation, was drilled to a total vertical depth of 1,955 meters,’ SDX says.

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Future Metals NL - West Perth-based exploration company, focused on the Panton platinum group metals project - Reports cash and cash equivalents at end of period of A$1.6 million, around £834,645, at end of first-quarter to September 30. Last week Thursday, it reported a resource upgrade for Panton asset. The latest mineral resource estimate confirmed Panton as ‘the highest grade in Australia and one of the highest grade undeveloped PGM projects globally’.

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Sovereign Metals Ltd - Malawi-focused mining exploration and development company - Says cash and cash equivalents at September 30 first-quarter end totals A$43.0 million, amid A$40.6 million proceeds from equity issue, up from A$5.6 million at end of final quarter.

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Atlantic Lithium Ltd - Africa-focused lithium exploration and development company - Cash and cash equivalents in first-quarter ended September 30 decline to A$10.6 million from A$15.3 million at financial year end. Says A$2.09 million used in operating activities and A$3.0 million in investing activities.

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Celsius Resources Ltd - focused on its portfolio of copper-gold resources in the Philippines - Cash and cash equivalents in first-quarter ended September 30 total A$3.7 million, down from A$5.0 million at financial year-end. Says A$1.2 million used in operating activities, A$572,000 used in investing activities but net cash position gets A$415,000 lift from financing activities.

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Aminex PLC - oil and gas investment company focused on Tanzania - Notes announcement from Orca Energy Group Inc on 3D seismic programme at Kiliwani asset in Tanzania. The third party contractor responsible for the seismic programme has suspended operations. A breach of contract notice has been handed the contractor. Aminex adds: ‘We are in the process of discussing the impact of the above information on the proposed acquisition of 3D seismic data over part of the Kiliwani North development licence area with Orca and shall provide a further update in due course.’

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