SAGA Plc - Final Results
Saga plc reports a robust financial performance with a 25% increase in underlying profit before tax, driven by strong demand in their Ocean Cruise and Holidays sectors. Strategic moves, including a 20-year partnership with Ageas and sale of their Insurance Underwriting business, position Saga for sustainable growth and reduced leverage.
Nuformix PLC - NXP002 Update
Nuformix plc (LSE:NFX) announces positive re-analysis results of NXP002's effects on lung tissue from IPF and autoimmune ILD patients. The data reveals NXP002's promising activity in ECM biomarkers and pro-fibrotic mediators, with noteworthy outcomes in IPF and autoimmune ILD tissue samples. The findings support further discussions with potential licensing partners for NXP002's therapeutic development.
Technology Minerals - Largest contract win for Recyclus
Technology Minerals Plc announces that its subsidiary, Recyclus Group Ltd, has secured a 12-month contract with a global industrial group to recycle end-of-life lithium-ion batteries. The contract, potentially generating up to £2 million in revenue, underscores Recyclus' position as a leading recycling solution provider and reflects growing industry confidence in its capabilities.
Audioboom Group PLC - Final Results
Audioboom, a leading podcast company, reported a 13% revenue increase to $73.4 million in 2024. The company achieved an adjusted EBITDA profit of $3.4 million. Key growth came from its Showcase ad marketplace, with revenue up 56%. Despite challenges from Apple's iOS17 impacting downloads, Audioboom anticipates record revenues and profitability in 2025.
Central Asia Metals - Disposal of Copper Bay
Central Asia Metals plc (CAML) announces the sale of its 76.1% shareholding in Copper Bay Ltd to Guardian Metals PLC. The transaction, valued at $7.5 million, involves two deferred cash instalments. The sale includes compulsory acquisition of the remaining minority shares. CAML's CEO, Gavin Ferrar, views the deal as a path to future development opportunities and value realization.
Gulf Marine Services - Final Results
Gulf Marine Services PLC reported a 10% revenue growth to US$ 167.5 million with a 15% increase in adjusted EBITDA to US$ 100.4 million for 2024. Net bank debt decreased by 25%, enhancing financial resilience. Key operational highlights include a 92% fleet utilization rate and new charter agreements totaling 23.8 years.
Tower Resources PLC - Grant of Restricted Shares under LTIP
Tower Resources plc announced the annual award of 1,540,000,000 Restricted Shares under its Long Term Incentive Plan, granting shares to directors, employees, and consultants. This shift from share options aims to align employee interests with shareholders, enhance retention, and increase intrinsic value. Shares vest after three years, fostering long-term commitment.
Jubilee Metals Group - Transaction on Surplus PGM Feed Material
Jubilee Metals Group has entered a partnership with an existing PGM producer in South Africa to process surplus PGM feed stock generated from increased chrome production. The collaboration, under a 12-month initial term, enables monthly deliveries of up to 30,000tpm, potentially adding 11,500 PGM ounces annually without extra capital investment.
Assura plc - Statement re Possible Offer from PHP
Assura plc has announced that it has received a revised indicative proposal from Primary Health Properties plc (PHP) for a possible share and cash offer. The Board considered the PHP Proposal but unanimously rejected it, stating it was not sufficient to recommend to shareholders. There is no certainty that PHP will make a firm offer.
Fulcrum Metals PLC - Letter of intent for sale of Tully Gold property
Fulcrum Metals PLC has signed a binding letter of intent with Loyalist Exploration Limited for the sale of its Tully Gold Project in Ontario. The deal includes a CA$500,000 cash payment, a 19.9% stake in Loyalist, a 2% net smelter royalty, and potential future payments. Completion is aimed for June 2025.