HomeServe (HSV) shares rise 8.87% to 878.5p following announcement of possible offer
On Thursday, the Canadian investment-management firm Brookfield Asset Management said it was in the early stages of considering a possible offer for the U.K. home-repairs business.
Today, HomeServe, which has a total market capitalisation of around £3 billion acknowledged Brookfield’s announcement but stated that it had not received any approach from Brookfield.
CyanConnode Holdings (CYAN) shares jump 15.79% to 16.5p as it raises £2 million
The Group, a narrowband radio frequency (RF) smart mesh network specialist, has raised, in aggregate, £2 million (before expenses) through a placing of 14,285,718 shares at 14p each.
Commenting, John Cronin, Executive Chairman, CyanConnode, told investors: “As we have recently announced in our trading update in January, the nine-month period to the end of December 2021 has shown record revenues and the full year revenues to be our highest to date, showing the continued growth of the Company. We expect this growth to continue.
He said: “The funds raised by this placing allow us to maintain momentum and win some of the large opportunities being presented to us at this time. On behalf of the Board, I would like to thank all shareholders who have participated in this fundraising for their continued support.”
GoldStone Resources (GRL) shares jump 15.63% to 9.25p as gold production bodes well
GoldStone Resources said it has produced and sold 1,717 troy ounces of gold so far this year at the company’s Homase Mine where gold production is now underway. Meanwhile, global gold prices have remained strong at US$1,956 per ounce following the recent ban on Russia.
The company reported that it expects to achieve a cash cost of around US$840 per oz for the remainder of 2022 at the Homase Mine with an all-in sustaining cost of US$970 per ounce.
Minoan Group (MIN) shares rise 14.63% to 1.175p as it appoints new lead role in Crete
Today, Professor George Mergos was appointed as Chairman of Loyalward Limited, the Group’s wholly owned subsidiary and owner of the Group’s Itanos Gaia Project in Crete.
Minoan said the appointment is in addition to George’s current role as a director of Minoan.
As the Project moves toward contracts and commercialisation, Minoan said it is clear that it needs someone in the lead role who “not only understands the Greek business environment at the most senior level, but with whom all parties in Greece are comfortable dealing.”
“With George’s extensive background across the public and private sectors and with his experience in both complex projects and finance, we felt it was time to hand over the role of Chairman of Loyalward, a role that I have performed for over 20 years,” it told investors.