* A corporate client of Hybridan LLP
** Arranged by type of listing and date of announcement
*** Alphabetically arranged
**** Potential means Intention to Float (ITF) has been announced, or it is a rumour
Dish of the day
What’s baking in the oven? **
Banquet Buffet***
Clean Invest Africa 0.045p £0.9m (AQSE: CIA)
The investment vehicle that identifies investment opportunities and acquisitions in renewable and clean energy projects/ companies or alternative technologies, announce that it has successfully renegotiated an outstanding Loan Facility agreement with Contax Partners Inc. (beneficially owned by Filippo Fantechi) with an outstanding balance of approximately £551k. The entire debt of £551k will be immediately converted into 157,437,729 Ordinary Shares of the Company at a price of 0.35 pence per share. All Conversion Shares will be subject to a 12-month lock-in period and thereafter subject to an orderly market agreement for a further period of 12 months.
Cordel Group 4.45p £8.9m (CRDL.L)
The Artificial Intelligence platform for transport corridor analytics, announces that it has extended its relationship with Amtrak through the award of a contract to provide a comprehensive assessment of Amtrak's Metro-North corridor. Metro-North serves the New York Metropolitan Area, running services between New York City and its northern suburbs in New York and Connecticut. It is part of the Northeast Corridor (NEC), an electrified railroad line in the Northeast megalopolis of the United States, running from Boston in the north to Washington, D.C. in the south. The contract extension builds upon Cordel's ongoing work with Amtrak and aims to enhance safety and efficiency on this critical rail line.
Firering Strategic Minerals 2.95p £5.4m (FRG.L)
The development company focusing on critical minerals announces that an agreement with a multinational commodity trading company has been signed, which will provide a logistics services revenue stream at Limeco, its advanced quicklime project in Zambia. This two year agreement providing expected revenue of US$600-720k per annum. This means that Limeco is producing positive operational cashflow even before start of core quicklime production in Q4 2024. Negotiations are ongoing with major copper producers for the sale of quicklime. Aggregate sales began in Q4 2023 with further offtake agreements expected as operations ramp up in the coming months. Firering currently holds a 20.5% stake in Limeco Resources Limited.
Frontier IP Group 32.5p £18.3m (FIPP.L)
The specialist in commercialising intellectual property announces that portfolio company GraphEnergyTech has raised £1m through its first external equity funding round. The fundraising was led by Aramco Ventures, the corporate venturing arm of Aramco, the world's leading integrated energy and chemicals company. Frontier IP, a GraphEnergyTech co-founder, now holds a 23.97% equity stake. Proceeds will be used to accelerate development and scale up of GraphEnergyTech's advanced high-conductivity graphene electrodes. The technology's initial application is for use in solar cells, where graphene can replace silver electrodes.
The investing company announces that, further to the announcement of 11 July 2024, it has entered into a farm-in agreement with Pinwheel Resources Ltd in relation to certain licences over prospective acreage in Canada. Gunsynd has acquired a 100% legal and beneficial interest in the Falcon Lake U-Cu-Co project and Bear-Twit VMS project in Canada and consideration of £200,000 will be satisfied by (i) the issue of 115,384,615 new ordinary shares at a price of 0.13 pence per share for a total consideration of £150,000; (ii) £50,000 in cash (£25,000 paid on completion, £25,000 deferred to the earlier of: (a) 10 business days after completion of a qualifying fundraise of at least £200,000, or (b) the first anniversary of the Agreement.
hVIVO plc 29.5p £200.7m (HVO.L)
The fast-growing specialist contract research organisation (CRO) and world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces its intention to cancel its admission to trading on Euronext Growth. As hVIVO’s primary operations, along with the majority of its employees and investor base, are in the UK, the Board has decided to consolidate trading of the Company’s stock to its primary listing on the AIM Market. The Cancellation will also remove certain costs, complexities and duplication that comes from administering two listing regimes and will have no impact on hVIVO’s Ordinary Shares which will continue to trade on AIM under the ticker “HVO”.
The precision analytics company delivering intelligent insights in neuroscience, announces that Bram Goorden will be appointed as Chief Executive Officer of the Company from 19 August 2024. Bram has over 20 years leadership experience in BioPharma and precision medicine, serving in roles where he has been instrumental in shaping commercial strategies for scale, growing revenues and ultimately enabling realisation of shareholder value. He has strong CNS experience, and established networks within IXICO's target market.
Mindflair plc 1.075p £2.9m (MFAI.L)
The company that invests in next-generation technology focused on AI, announces that it has agreed to subscribe £300k for 315,790 new shares in Sure Ventures plc at a price of 95 pence per share. Prior to the Subscription, Mindflair held 1,501,000 ordinary shares in SV plc, representing a 20.5% shareholding which it acquired in February 2021 through the issue of its own equity at a price of 13.6 pence per share. Sure Ventures plc's principal asset is a 25.9 % shareholding in Sure Valley Ventures Fund (SVV1). Mindflair already has a 13% direct interest in SVV1 and a 5.3% indirect interest in SVV1 via its current holding in Sure Ventures plc. SVV1 is both closed to new investment and has entered its realisation phase. In addition, the Subscription has also increased the Company's indirect interest in the Sure Valley Ventures UK Software Technology Fund (SVV2).
Real Estate Investors 34p £59.3m (RLE.L)
The UK's only Midlands-focused Real Estate Investment Trust (REIT), with a portfolio of commercial property across all sectors, provides a trading update. Planned disposals were £11.9m year-to-date, either completed (or conditionally exchanged) at an aggregate uplift of 4.1% (before costs) against December 2023 valuations. Receipts from completed disposals have been used to repay £7.3m of debt year-to-date. Total cash at bank is £4.4m, with monies on deposit earning 4.5%. Average cost of debt maintained at 6.5% (FY 23: 6.5%). Contracted rental income was £10m p.a. (FY23: £10.9m p.a.) with loss of income predominantly due to disposals and concluding vacant possession on specific assets to satisfy contractual sales obligations.
Windar Photonics 48.5p £39.4m (WPHO.L)
The technology group that has developed its WindEye and WindTimizer LiDAR wind sensors and its related 'Nexus' software suite designed to increase the power output and reduce lifetime operating costs of wind turbines, gives an update ahead of its AGM today. Windar Photonics provided a trading update, alongside the 2023 final results announcement, on 1st July. Since then, the Company has received a new order from a Canadian client to test our WindEye product on the Senvion turbine platform, starting in September. While the value of this test order, which includes the use of supporting software, is not in itself material, the Board anticipates that if the test is successful, this could lead to potentially significant new orders.
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