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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Anexo Group PLC - Liverpool, England-based specialist integrated credit hire and legal services company - DBAY Advisors Ltd, which intends to acquire Anexo, as of Tuesday has an approximate 75.8% stake in the company. Says its takeover offer for Anexo has valid acceptances representing 91.4 million shares or around 93.3% of the issued ordinary share capital. Anexo announced in late July that it had agreed to the offer from a ’Bidco’ entity controlled by funds managed or advised by DBAY Advisors Ltd, along with Alan Sellers and Samantha Moss. It said the offer values the stock at approximately £70.79 million in total. ---------- Oakley Capital Investments Ltd - provides access to private equity funds managed by investment adviser Oakley Capital Ltd - Reports voting results of its annual general meeting on Tuesday last week. All votes were passed by the requisite majorities. However, ‘a material number of votes’ were cast against the resolution to re-elect Non-Executive Director Peter Dubens, who is the co-founder & managing partner of Oakley Capital. 64.69% of votes cast were in favour of his re-election. ‘While the composition of our board complies with the independence requirements of the UK Listing Rules and the AIC Code, we understand that some shareholders have a policy of voting against the re-election of any directors who are not independent or who they do not believe to be independent,’ Oakley Capital Investments says. Adds that it has and will continue to engage with these shareholders ‘to discuss their position and concerns’. ---------- Kavango Resources PLC - London-based, South Africa-focused metals explorer and gold producer - Raises £2.2 million issuing 227.8 million shares through a subscription and placing at 1 pence per share. Major shareholder Purebond Ltd has subscribed for 111.2 million shares, and Chair Peter Wynter Bee has subscribed for 10.0 million. Proceeds will go towards general working capital and towards ‘further exploration and mine development work’, including drilling at the Bill’s Luck gold mine in Zimbabwe and starting construction of a processing plant at Bill’s Luck. Chief Executive Officer Ben Turney comments: ‘We are now entering the crucial phase of Kavango’s plan in Zimbabwe...Our immediate objective now is to build and commission 250tpd of gold mining and processing capacity at our Hillside gold project in the first half of next year. This pilot-scale production will allow us to clearly and decisively prove to the international market that Zimbabwe is a mining-friendly jurisdiction that is open for business. We intend to use the funds raised today to accelerate our progress towards that goal.’ ---------- Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Raises gross £2.5 million having conditionally completed and closed a ‘substantially oversubscribed placing’ of 3.33 billion shares at 0.075p per share, as announced on Tuesday. Placing price represents a 50% discount to the closing middle market price of 0.15p per share on Monday. Active will also issue one warrant for every placing share, entitling the holder to subscribe for one new share at 0.1p each. Announcing the fundraise on Tuesday, Active Energy said the funds would help advance an initial pipeline of 10 commercial rooftop solar and battery installations. ---------- Chill Brands Group PLC - London-based consumer packaged goods distributor - Announces appointment as master distributor of ELF nicotine pouches, produced by Heaven Gifts’ Shenzhen iMiracle Technology (SiMT), for the UK market. Partnership will commence this month. Chill Connect, its retail distribution division, ‘will support the brand’s UK rollout with a nationwide programme of sample distribution, product launches, branded displays and other in-store activations to cement its leading position in this emerging space’. It will also distribute SiMT’s Lost Mary and ELFBAR vape products. Says the collaboration will ‘further [enhance] its role as a key route-to-market provider for international FMCG companies’. Expects it to contribute to revenue in financial 2026. ‘The UK nicotine pouch market is expanding at pace, with retail sales volumes up 82% in 2024 to reach approximately £131 million. Industry forecasts suggest the category will exceed £200 million in value during 2025,’ Chill Brands notes. ---------- Helix Exploration PLC - Montana-focused helium explorer and developer - Says it has targeted reservoirs at the Inez #1 well at the Rudyard Field project in Montana, in the lower Souris and Red River formation. ‘This was a strategic, targeted decision designed to enhance our understanding of reservoir performance, fluid distribution, and pressure regime across the field,’ it says. High-grade helium was assayed at 1.2% helium with a primarily nitrogen balance. Company estimates absolute open flow at 1,157 thousand cubic feet per day and a maximum zone surface pressure at 1,541 psi. Rudyard now has four producing wells. Helix says it will look to perforate additional zones in the upper Souris River formation. Says this has the potential to add to current flow rates. ‘The helium percentage recorded at Inez #1 is as high as observed from any of our wells, underscoring the strength of the system,’ comments CEO Bo Sears. ‘We now look forward to perforating the upper Red River reservoir, which is geologically distinct and has the potential to deliver additional volumes.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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