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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Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Completes the tapeout, including the associated invoicing, in respect of ‘the material turnkey ASIC engagement for a Tier 1 OEM Automotive customer.’ Says this marks the ‘next key milestone.’ It explains: ‘Tapeout signals the completion of the design phase of an ASIC and the handover of all data to the silicon foundry which is contracted to manufacture the ASIC. This tapeout data is used to initiate the generation of photomasks by the foundry, which are then used to produce prototype silicon wafers. These wafers are then packaged and tested before delivery to the customer for prototype assessment.’
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Schroder BSC Social Impact Trust PLC - investment firm focused on positive social impact as well as long-term capital growth and income - Portfolio manager changes name from Big Society Capital Ltd to Better Society Capital Ltd. Says the company name remains Schroder BSC Social Impact Trust and there is no change to the share register, portfolio or investment thesis. Chair Susannah Nicklin says: ‘Better Society Capital is well established in the social investment market with a proven track record and deep networks. This new name nicely captures an evolution of the business and broader context of its increasing profile in a growing market.’
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Smarttech247 Group PLC - Cork, Ireland-based artificial intelligence-enhanced cybersecurity services provider - Signs new additional contract with an existing pharmaceuticals solutions client worth $2.1 million over three years. The contract will use Smarttech247’s partnership agreement with Splunk Inc, which brings together Smarttech247’s automation-driven and human-led VisionX managed detection and response capabilities and Splunk’s powerful security information and event management technology solutions.
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Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Plans to raise £3.1 million through accelerated bookbuild of 257.1 million shares priced at 1.2 pence each. Chief Executive Ben Turney says: ‘As the prices of gold and copper continue to rise, this is an ideal time to make major discoveries in both metals. Thanks to Purebond’s powerful financial backing, Kavango has developed its projects swiftly in Zimbabwe and Botswana. Today’s £3.08 million accelerated bookbuild will enable us to build on this momentum.’
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Digital 9 Infrastructure PLC - investor in internet infrastructure, such as data centres and subsea fibre - Confirms that it has received the deferred consideration payment of $25 million, in connection to the sale of Verne Group. Also says it plans to make a total additional repayment and partial cancellation of its revolving credit facility in the amount of £47 million on Friday.
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Induction Healthcare Group PLC - London-based software company serving healthcare providers and administrators - Expects to report revenue of £14.1 million in the year ended March 31, up from £13.6 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation are expected to be in line with market expectation at about £300,000, swinging from a loss of £3.6 million. CEO Paul Tambeau says: ‘Our key focus this year was to stabilise the business, complete a cost containment programme, and put Induction onto a self-sustaining path without the need for immediate funding. I’m very pleased that we have delivered on these objectives.’
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Gulf Investment Fund PLC - Isle of Man-based investment company focused on countries in the Gulf Cooperation Council - Tenders $2.9 million in shares. Says 1.2 million shares priced at $2.5088 each will be cancelled.
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Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Signs sale and purchase agreement to sell 10 of the unsold RuMa Residences units for MYR15.4 million RM. A deposit of about 10% of the purchase price has been received. Says it continues to work to sell the remaining 47 RuMa Residences units.
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