S&U PLC (LON:SUS) said its trading remains “robust and profitable” despite the current lockdown, and that it is planning for a “significant rebound to pre-[coronavirus] motor finance transaction levels as lockdown restrictions ease this year” as well a “substantial increase” in business for its Aspen property bridging arm.
Tharisa PLC (LON:THS) said in a statement ahead of its annual general meeting (AGM) that demand for the commodities it produces remains robust. Reviewing the year since the last AGM, executive chairman Loucas Pouroulis said the group has put in a strong operational performance, despite the disruption caused by the coronavirus pandemic.
Alpha Growth PLC (LON:ALGW, OTCQB: ALPGF) said it is acquiring an unnamed Bermuda-based insurance company supported by an oversubscribed £3.75mln share placing.
Landore Resources Limited (LON:LND) said drilling on the BAM gold deposit at its Junior Lake Property in Ontario continues to reveal visible gold in several intersections.
Jersey Oil and Gas PLC (LON:JOG) told investors the company’s September 2020 North Sea licence award has been formalised. It confirms the award of Merged Licence P2498 from last year’s 32nd Offshore Licensing Round.
FastForward Innovations Ltd (LON:FFWD) said Yooma Corp, in which it held a 10.65% interest, has completed its reverse take-over of Globalive Technology Inc by way of a statutory plan of arrangement and will begin trading under the name Yooma Wellness (CNSX:YOOM) on the Canadian Securities Exchange (CSE) today.
Salt Lake Potash Limited (LON:SO4 ASX:SO4 PINK:WHELF) has completed its A$52mln fundraising, placing 130mln new ordinary shares as first announced in December. The second tranche of 5.025mln shares placed with directors has been completed following shareholder approval at the general meeting on January 22, including 3mln subscribed for by the chairman Ian Middlemas and 500,000 by chief executive Tony Swiericzuk. The company also issued 500,000 Ordinary Shares to an employee in lieu of 500,000 performance rights that had vested, but expired on December 31, 2021.
88 Energy Limited (LON:88E) said it is now fully funded for all planned activity through to the end of the calendar year after completing a placing with domestic and international institutional and sophisticated investors, raising A$12mln as planned. Managing director Dave Wall said: “While the path to spud of Merlin-1 has been challenging, the prize is more than worth it, and we look forward to commencement of drilling in around three weeks. We now also have funding to drill the Harrier prospect, in addition to Merlin, which provides a combined gross aggregate target of over 1bn barrels of recoverable oil, on trend to large existing discoveries immediately to both the north and south of the project area.”
Albion Capital Group‘s Albion Development VCT has reached its £10mln limit, including a £3mln over-allotment facility, with its offer for subscription now fully subscribed and closed to further applications. Offers of the two companies still participating in Albion’s VCT top-up round remain open.
Albion’s VC arm has also led a £14mln funding round for data management specialist Solidatus, it said, which included investment from banking giants HSBC and Citigroup. AlbionVC’s Jay Wilson will join the Solidatus board of directors as part of the investment.
Quadrise Fuels International PLC (LON:QFI) said it has raised £500,000 from the sale of convertible securities to existing investor Bergen, providing funding to the middle of 2021 and allowing it to accelerate testing and development activities.
DiscoverIE Group PLC (LON:DSCV) said the €14.5mln (£12.8mln) acquisition of Limitor GmbH has been completed. The deal, which was announced in early December, was subject to regulatory approvals that have now been received. A contingent payment of up to €3.5mln (£3.1mln) may be payable subject to the business achieving certain profit growth targets over the next three years.
Metal Tiger (AIM: MTR) announce that it has received warrant conversion notices for £31,034, with 155,171 new shares issued as a result.
BB Healthcare Trust PLC (LON:BBH) is a potentially interesting addition to growth portfolios and for investors looking for income, according to a new note from broker Kepler. The investment trust team has produced a new piece of research about the trust, which is free to read for UK investors here: https://www.trustintelligence.co.uk/investor/articles/fund-research-investor-bb-healthcare-retail-feb-2021
Arix Bioscience PLC (LON:ARIX) announced that it will report its 2020 annual results on Tuesday March 9. The company will host a virtual analyst presentation at noon on the day, followed by a Q&A session accessible via conference call or webcast at https://arixbioscience.com/investor-relations/events-presentations.
Tissue Regenix Group PLC (LON:TRX) said it has written to all registered shareholders regarding its intention to adopt electronic communication methods for shareholder documents. The company said it is seeking to adopt electronic communication in order to improve its environmental sustainability efforts and ensure timely and cost-effective communications with all shareholders.