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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: ---------- Medpal AI PLC - London-based firm which provides an app that aggregates health data from smartphones and wearable devices to provide AI-generated wellness support for users - Raises £545,304 via placing and WRAP retail offer at 8 pence per share. The proceeds will be used to progress the company’s strategy with regard to the recently announced acquisition of assets from Universal Pharmacy Ltd, which will enable MedPal AI to establish itself in the rapidly growing GLP-1 agonist market for obesity treatment, including drugs such as semaglutide. ---------- River Global PLC - London-based asset and wealth management firm formerly known as AssetCo PLC - Expects to complete the acquisition of Devon Equity Management Ltd, announced in June, on Monday. This follows receipt of necessary regulatory clearances and approvals. River Global plans to settle the £2.5 million consideration through the issue of shares to the sellers at 6p each. Devon Equity Management is an independent fund management company founded in 2019. It invests in European equities on behalf of its clients, European Opportunities Trust PLC, a FTSE 250 investment trust, and an institutional client. ---------- Sabien Technology Group PLC - London-based provider of energy reduction technologies - Notes business partner City Oil Field obtains three major certifications, paving the way for exports of its proprietary facilities and circular plastic oil to the European Union and other international markets beginning in October. According to COF, these approvals collectively verify its compliance with global supply chain standards, operational safety and quality requirements. With these validations complete, the Wave Jeongeup facility in Jeongeup, North Jeolla Province, is set to begin official operations in October. Richard Parris, executive chair of Sabien, said this marks a ‘critical milestone in unlocking the commercial potential of the COF technology in our targeted UK and US markets. As a result, we are now significantly closer to generating potential future revenue from recycling waste plastic at volumes.’ Sabien has a sale agreement with COF to sell its Regenerated Green Oil plant technology, otherwise know as the Wave facility. ---------- Amazing AI PLC - London-based financial technology firm and consumer lender - Amends the terms of the loan agreement with Chief Executive Paul Mathieson, announced in June. Also decides to cancel the WRAP retail offer, due to changes in market conditions. The amendment to the loan agreement now enables Amazing AI to draw down from the facility in order to provide consumer loans up to a value of $5,000 each, at an interest rate of 59.9% per annum, to consumers in Georgia, US, and without additional written agreement between the company and Mathieson. Additionally, the company intends to explore the possibility of making a further amendment to the agreement, in order to allow it to draw down funds to pursue its crypto treasury policy, also without additional written agreement. Further, AAI plans to start purchasing crypto assets, in October, starting with bitcoin exposure. ---------- Orosur Mining Inc - South America-focused minerals explorer and developer - Announces the closing of its previously announced and oversubscribed ‘best efforts’ private placement offering raising C$20.0 million at a price of C$0.34 per share. The company intends to use the net proceeds to advance the Anza exploration project in Colombia as well as for general working capital and corporate purposes ---------- Donegal Investment Group PLC - Letterkenny, Ireland-based, agricultural firm - Sells its seed potato businesses, IPM Potato Group Ltd, AJ Allan Ltd, IPM Portugal Ltd, IPM France Ltd, IPM Holland Ltd, and IPM Kenya Ltd, collectively referred to as IPM to the Royal HZPC Group for €16.5 million cash. HZPC is an international market leader when it comes to potato breeding, seed potato trading and product concept development based in the Netherlands. A further €4 million may be payable depending on financial performance. In the financial year ended August 31, IPM had profit after tax of €2.3 million. ---------- Ondine Biomedical Inc - Vancouver, Canada-based life sciences company - Announces that the Royal Papworth Hospital NHS Foundation Trust is launching a pilot program with Steriwave nasal photodisinfection therapy. The Royal Papworth pilot will integrate Steriwave into cardiac surgical care pathways as part of a broader strategy to reduce patient microbial burden-specifically in the nose-prior to surgery to help prevent infections. ---------- ACG Metals Ltd - Tortola, Virgin Islands-based mining company - Announces that the net smelter return royalty agreement from 2019 originally entered into between Lidya Madencilik Sanayi ve Ticaret AS, Polimetal Madencilik Sanayi ve Ticaret AS and Alacer Gold Madencilik AS (which assigned its interest to EMX Royalty Corp) in respect of production at the Gediktepe mine was amended and restated in September. The amendment is the result of a consensual agreement with EMX on terms that are ‘mutually beneficial to all parties’. Under the amended royalty agreement, with effect from January 1 2026, the terms of the oxide and sulphide royalties have been simplified, with the oxide royalty percentage being decreased from 10% to 2.25% and the sulphide royalty percentage being increased from 2% to 2.25% on all sulphide production. In addition, each of ACG and Polimetal has been released from its obligations to make certain milestone payments linked to the start of sulphide commercial production at the Gediktepe mine to EMX in 2026. ---------- Public Policy Holding Company Inc - Washington, DC-based group of advisory firms, specialising in government affairs and public relations - Says reverse stock split has been effected in a ratio of one new share for every five existing shares as held at the record date. ---------- Vault Ventures PLC - technology development company focused on blockchain, AI, and augmented reality - Says it has sold all of its Solana holdings, realising a profit of £96,000. The company now only holds ethereum in its treasury. The proceeds from the sale will be allocated towards the development of proprietary AI products, which include vSignal.ai. Vault Ventures currently holds 818.85 ethereum in its treasury valued at £2.6 million. ---------- Cadence Minerals PLC - investment and development company - Plans to raise £200,000 via a retail offer via the Winterflood retail access platform at 3 pence per share. This is in addition to the around £2.3 million raised by a placing at the same price. ---------- Tavistock Investments PLC - Ascot, England-based financial advice and investment management firm - Updates on the ongoing litigation with Titan Wealth Services Ltd and Titan Asset Management Ltd. Says a court hearing has been listed for December 2025. Tavistock remains confident in the strength of its case and continues to defend Titan’s claim and pursue its own counterclaims vigorously. Tavistock has offered Titan the opportunity to resolve the dispute via mediation but to date this offer has been rejected. Unless Titan’s approach changes, Tavistock will continue to pursue its claims through the courts, it says. ‘This litigation is not just about damages - it is about accountability. The evidence is clear that Titan’s conduct caused reputational and financial harm, and we will not allow our shareholders to bear the cost of its mismanagement,’ says Tavistock’s Chief Executive Brian Raven. ---------- Hercules PLC - Cirencester, England-based labour supply company for the UK infrastructure and construction sectors - Expects another record year, with Hercules’ revenue, adjusted earnings before interest, tax, depreciation and amortisation and adjusted pretax profit for the financial year to September in line with market expectations of £112.1 million, £6.1 million and £3.3 million respectively. In fact, sees revenue above £118 million up 16% on the prior year, as it continues to benefit from increased investment in UK infrastructure. ‘With strong support from the UK government, the country’s infrastructure sector is buoyant, with £750 billion committed across numerous sectors, where Hercules has a strong and growing presence,’ says Brusk Korkmaz, chief executive officer. ---------- Zinc Media Group PLC - London-based television production group - Announces the launch of Zinc Distribution which it calls a ‘key milestone’ in the group’s strategy to enhance revenues from its owned IP and programme sales. Chief Executive Mark Browning says: ‘The launch of Zinc Distribution marks the culmination of years of investment in content creation and distribution, enabling us to harness the power of our extensive back catalogue. We’re all excited to be able to control more of our IP going forward and manage global sales of our content. In addition, by capitalising on our rich library of IP, we’re well-positioned to lead in the ever-evolving digital distribution landscape and drive sustainable long-term growth.’ ---------- Bezant Resources PLC - copper and gold exploration company with projects in Africa, South America and the Philippines - Says it now owns 80.6 million shares in Australian Securities Exchange listed Blackstone Minerals. The firm says it has sold 53.4 million shares in Blackstone for £1.8 million total from September 18. ---------- UK Oil & Gas PLC - energy company - Raises £3 million through a placing of new shares at 0.03p each. The funding will be used to complete engineering concept and design studies for the collaboration between subsidiary UK Energy Storage and National Gas. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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