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Ubisense Group rises 18% to 71.5p a share
Ubisense Group (UBI) signed a conditional agreement to sell its RTLS SmartSpace business unit for up to £35m.
The terms of the sale include £30m in cash, plus £2m in a rollover investment into the sold business and an additional £3m earn-out tied to 2018 and 2019 revenue performance.
The Board intends to return excess funds to Shareholders, with details to be announced in due course.
Richard Petti, CEO of Ubisense Group plc said "This is an extremely positive change for both the RTLS SmartSpace and the IQGeo divisions which the Board believes is in the long-term best interests of both businesses.”
“The proceeds will allow us to refocus and re-brand the retained business as IQGeo and to invest in its myWorld software business which has a significant market opportunity providing solutions to some of largest telecoms and utilities suppliers in the world."
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Thor Mining (THR) rises 17% to 2.05p a share
Thor Mining (THR) issued 1.1m ordinary shares and 500,000 warrants expiring 20 August 2019 in payment for international investor relations consulting services associated with the international molybdenum market.
Mick Billing, Executive Chairman, commented: "I am pleased to announce the issue of equity at 2p per share and short dated warrants at 5p per share in payment for services that have and will have, in my view, a material impact on Thor Mining, as project commercialisation steps are implemented.
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Augean Plc rises 17% to 50p a share
Augean (AUG) released a trading update noting strong trading performance in the second half of the year, stating that it will be “materially ahead of market expectations”.
Results from continuing business benefitted from higher contaminated soil volume, increased radioactive waste profit and strong performance of both the treatment and North Sea businesses, it said
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Blue Prism Group rises 16% to 1550p a share
Blue Prism Group (PRSM) shares fell from 1490p to a low of 1292p each yesterday but have rebounded this morning to previous levels.
The company’s Process Automation (RPA) software enables business operations to be agile and cost effective through rapid automation of manual, rules based, back office administrative processes, reducing cost and improving accuracy by creating a "virtual workforce
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