|
The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Petards Group PLC - Guildford, England-based security, communication and surveillance systems developer - Subsidiary Petards Joyce-Loebl receives a further order from a UK train builder to supply Petards eyeTrain hardware to be retrofitted to an existing fleet. The order accompanies the post June 2025 order received for the related engineering activities reported at that time. This project’s value has now risen to more than £700,000 from £400,000 and increases post-June eyeTrain system orders to over £1 million. An initial equipment delivery is scheduled for late 2025 with the main deliveries anticipated to be completed during the first half of 2026. ---------- Valereum PLC - Manchester, England-based digital asset infrastructure firm - Says that a token linked to the Interoceanic Corridor of Guatemala will list on its regulated digital asset marketplace, VLRM. The COINGT token, which represents ownership rights connected to the 372 kilometre rail corridor project, will be issued on VLRM markets once its development phase is complete. Valereum Chief Executive Gary Cottle says: ‘The COINGT listing on VLRM markets shows the calibre of issuers choosing to tokenise with us. COINGT is a transformative infrastructure project for Latin America, and we’re delighted to be supporting its onboarding.’ The corridor aims to link Guatemala‘s Atlantic and Pacific coasts, creating a new trade and logistics route to rival the Panama Canal and support the development of ports, railways, roads and energy networks. ---------- Light Science Technologies Holdings PLC - Derbyshire, England-based provider of lighting, science and plant monitoring solutions - Wins a contract worth £460,000 for the design, supply, installation, and commissioning of a modular vertical farming system at the new Nottingham Trent University Smart Agricultural Research Centre. The contract also includes an additional three-year maintenance package valued at £10,800 per year. On-site implementation of the system is scheduled for February and March 2026. ‘We are delighted with this latest contract award, which was part of a competitive tender. We have developed a strong ecosystem within the group, and the nature and size of this contract highlight the benefits of being able to deliver scale through our complementary divisions,’ says Chief Executive Officer Simon Deacon. ---------- Ondine Biomedical Inc - Vancouver, Canada-based life sciences company - Says that preliminary results from the Steriwave intensive care unit pilot study at Royal Columbian Hospital demonstrate that Steriwave nasal photodisinfection significantly reduces harmful pathogens in critically ill ICU patients. Notes there was a significant reduction in nasal bacterial load over the course of the study in the Steriwave group, but not in the control group. By day 8, says there was a 4-fold reduction in the carriage of pathogenic bacteria compared to controls. ---------- Renalytix PLC - London-based diagnostics company - Confirms the receipt of research and development tax credits totalling £860,000 in relation to work completed in the financial years ended June 2023 and June 2024. The company receives a payment of £296,000 in the first quarter of financial 2026, adding to the £564,000 payment received in the previous quarter. Renalytix expects a further credit to be received in early third quarter financial 2026 in relation to work completed in financial 2025. ---------- UIL Ltd - investment company whose investees include companies in the technology, financial services and resources sectors - Agrees to sell its share in Somers Ltd to General Provincial Life Pension Fund Ltd in settlement of the outstanding loan from GPLPF to UIL. Sale price is expected to be based on Somers’ net asset value per share on October 31. GPLPF currently holds 78.9% of UIL’s ordinary shares. In addition, UIL proposes to enter into a buyback agreement with Somers whereby Somers will repurchase the remaining Somers shares held by UIL at Somers’ NAV per share as at October 31. This will be settled through the transfer to UIL of certain portfolio investments held by Somers. ---------- One Health Group PLC - Yorkshire, England-based independent provider of elective surgical care - Revenue rises 17% to £15.5 million in the six months to September 30 from £13.3 million the year prior. In addition, expects first half underlying earnings before interest, tax, depreciation and amortisation to be significantly ahead of the prior year’s £960,000. Confident about future growth and says the business remains on track to revenue and underlying Ebitda for financial 2026 in-line with market expectations of £29.6 million and £2.3 million respectively. In the financial year that ended March 31, revenue reached £28.4 million and underlying Ebitda £2.0 million. ---------- Alternative Income REIT PLC - investor in commercial property - Sells the Applegreen petrol filling station in Crawley to Rontec Properties No 7 Ltd for £4.5 million, an 18% premium to the purchase price, and a £500,000 premium to its book value at June 30. Sale price reflects a net exit yield of 6.3%. The deal reduces the group’s loan to value to 38.5% from 41.5% based on June 30 valuations, whilst interest cover ratio falls to 640% from 664%. ‘The sale will enable the group to recycle the proceeds into an alternative accretive investment in the short term,’ says Non-Executive Chair Simon Bennett. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
