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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Topps Tiles PLC - Leicestershire, England-based tile seller - MS Galleon GmbH, a Vienna based investment firm and major investor in Topps Tiles, reiterates its call to shareholders to support its requisition resolutions, which will be voted on at the Topps annual general meeting. Resolutions will remove director and non-executive Chair Darren Shapland from both roles immediately. On January 6, the company said that it has become aware that MS Galleon GmbH has been contacting some of its shareholders individually with information which contradicts previous statements made to Topps Tiles about the link between sourcing and MS Galleon’s interest in the firm. MS Galleon currently holds 30% of Topps Tiles.
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Sivota PLC - investment vehicle focused on later-stage, Israeli technology firms - Notes that its investee Apester, an digital experience software platform, appointed a UK managing director to accelerate its presence in the UK. Further, Apester signed multiple agreements with unnamed US & UK publishers, which will launch in early 2023. Does not disclose the financial details of the agreements. Notes a cooperation agreement with iDigital to drive local expansion in the Brazilian media market. ‘We are delighted with the progress already being delivered across Apester. The new management team is already implementing its ambitious strategic plan which I firmly believe will enable the business to fully exploit a number of near-term growth initiatives. As we move forward into 2023, we expect to see continued strong progress in the Apester’s business,’ Chief Executive Ziv Ben Barouch says.
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Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Reports that revenue for 2022 more than doubled to £5.1 million from £2.4 million. Notes that this is still less than previously guided due to some production issues at the company in late November and December. Gross cash as at December 31 stands at £14.9 million up from £6.7 million as at June 30. Says it is encouraged by production levels in recent weeks and backs its guidance for 2023. Expects constrained capacity for the first half of 2023.
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Quartix Technologies PLC - Newtown, Wales-based vehicle tracking system provider - Reports continued growth in annual recurring revenue in the fourth quarter of 2022 of £2.6 million on a constant currency basis to £27.3 million up from growth of £2.0 million a year before. Notes that new vehicle subscriptions also continued to grow in the fourth quarter. Expects to publish its results for the year ended December 31 on February 27. ‘Our plans for growth in European markets have been successful with each of France, Italy, Spain and Germany delivering strong ARR and subscription increases. We have experienced new installation increases in all territories including the well-established UK market, and the US. In the UK our value-based strategy of excellent service at a competitive price will drive our capability to switch customers from their existing suppliers in addition to winning new adopters of telematics technology,’ Chief Executive Richard Lilwall comments.
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Pioneer Media Holdings Inc - Vancouver-based technology incubator focused on non-fungible tokens - Records a pretax loss of $1.2 million in the half-year to November 30, widened from $582,471 a year before. Thus is due to a new research and development charge of $526,812. Records revenue of $843,568 from no revenue a year before.
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By Abby Amoakuh, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
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