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The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Centaur Media PLC - London-based business consultancy group - Agrees to sell WCR Ltd, the operating company of Marketing Week, Festival of Marketing and Creative Review, to Haymarket Media Group Ltd for an enterprise value of £3.9 million. Centaur says the sale unlocks further shareholder value. On receipt of the proceeds, the board intends to consult shareholders on the approach to return cash to shareholders. As of Wednesday, Centaur has net cash of £24.4 million. With the proceeds of this sale, and the disposal of The Lawyer, announced earlier this month, the pro forma net cash balance of the group will be around £71 million. The continuing group following the transaction will consist of two main businesses: Econsultancy and the Influencer Group. ---------- Raspberry Pi Holdings PLC - Cambridge, England-based maker of personal-use computers and modules - Announces the launch of the Raspberry Pi 500+ all-in-one keyboard computer, and its partnership with NComputing, a global authority in end-user computing solutions, targeting the enterprise market. Chief Executive Eben Upton says: ‘Raspberry Pi 500+ brings enterprise-ready performance in a compact, keyboard-based form factor. By working with NComputing, enterprises can now deploy this device with LEAF OS to securely deliver Windows 11 and cloud-based applications, all at a fraction of the cost of traditional endpoints.’ ---------- Mobico Group PLC - Birmingham, England-based public transport operator - Says Deloitte LLP confirms their resignation as auditor with effect from September 19. Mobico says it is working to engage a new auditor and a further announcement will be made in due course. ---------- UIL Ltd - closed-end investment company - Enters into a A$15 million loan facility with Resimac Group Ltd, a leading non-bank lender listed on the ASX. Resimac is a subsidiary of Somers Ltd while UIL owns around 32% of Resimac. The loan, which will be drawn down in full and used for general corporate purposes, has an interest rate of 8.0% per annum and is repayable on December 27. ---------- Poolbeg Pharma PLC - London-based clinical stage biopharmaceutical company - Signs an agreement for a specialist blood cancer trials organisation, Accelerating Clinical Trials Ltd, to conduct the upcoming POLB 001 phase 2a trial and also secures the supply of an approved bispecific antibody drug for the trial at no cost. Says this agreement represents an advanced stage of trial preparation, with interim data anticipated in summer 2026. The company’s forecast cash runway extends into 2027, providing more than adequate funding to achieve key clinical development milestones, it adds. Poolbeg believes that POLB 001 has the potential to transform the cancer immunotherapy field. The firm says the agreement is a ‘major milestone’ for the upcoming trial. ---------- Satsuma Technology PLC - London-based company focused on convergence of bitcoin treasury strategy and decentralised AI - Continues to work with the Financial Conduct Authority to prepare, and for the FCA to approve, a secondary prospectus in respect of the convertible loan notes. Agrees with the FCA, that the significantly oversubscribed fundraising amounts to a reverse takeover and therefore that the company will instead seek readmission to the equity shares segment of the Official List. Satsuma thinks the uplisting will provide the company with greater flexibility to refine and implement its business plan and strategy. To effect the uplisting, the company will be required to prepare a full prospectus and identify and appoint a sponsor. Satsuma hopes to complete the process by the end of 2025. ---------- Fenikso Ltd - investor in Nigerian oil and gas assets - Announces the receipt of funds under the Lekoil & Gas Investments loan entered in 2022 as part of its restructuring. Fenikso receives $542,674 as partial repayment of the loan of $51.9 million. The remaining amount under the loan is $35.7 million. The amount received equates to 8.7% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled before end of November. The company has a requirement to repay the full balance of the Savanah Energy Investments Ltd loan of $1.9 million before the end of 2025. ---------- Ace Liberty & Stone PLC - London-based property investment company - Signs non-binding Heads of Terms with an existing unsecured convertible loan note holder, regarding the potential acquisition of a combination of subsidiaries and properties for £28 million. The outstanding unsecured convertible loan note is intended to be used as part payment of the purchase price. The deal is subject to due diligence and receipt of required third party regulatory or tax consents or approvals. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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