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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: ---------- Fenikso Ltd - investor in Nigerian oil and gas assets - announces receipt of funds under the Lekoil & Gas Investments loan signed December 2022 as part of its restructuring. Fenikso receives $480,641 as partial repayment of the $51.9 million. loan The remaining amount under the loan is $34.1 million. The amount received equates to 8.65% of the most recent payment from crude oil sales received by Lekoil. The next payment is scheduled for February 2026. Also, announces repayment of the full $2.0 million balance owed to Savanah Energy Investments Ltd under the renegotiated terms of the SEIL Loan announced in April. Fenikso has no outstanding loans to Savanah. ---------- CleanTech Lithium PLC - Chile-focused lithium explorer - Chief Executive Officer Ignacio Mehech shares end-of-year message, his first since joining the company in April. Expects to submit its application for the Laguna Verde salar ‘in the very near future,’ as the Chilean government’s application process has now been streamlined. CleanTech is confident that the application will meet all criteria under Chile’s National Lithium Strategy. If successful, expects to be awarded a special lithium operating contract in the second quarter. It aims to publish the pre-feasibility study on Laguna Verde soon. Elsewhere, highlights the high-grade lithium carbonate from the Copiapo plant that achieved 99.78% purity, exceeding the 99.6% purity standard for battery grade lithium carbonate from brine. CleanTech says it looks to continue this process work and scale sample production this year. Additionally, pledges to continue tests with DuPont Water Solutions’ nanofiltration membrane technology, noting its potential to reduce both capex and opex costs. ‘Our strategy for 2026 is clear: advance our projects toward final investment decisions, increase the understanding of our resource base, deepen our partnerships, and maintain our leadership in sustainable lithium development in Chile by securing the CEOL and publishing the PFS for our Laguna Verde Project,’ the CEO says. ---------- Electric Guitar PLC - London-based cash shell - swings to pretax profit of £900,000 in the six months to September 30 from a £587,000 loss in the year prior. This is mainly due to £1.4 million in liabilities being derecognised after the company’s voluntary arrangement became unconditional. Following the period-end the CVA was completed with ’debt for equity’ shares issued in exchange for the liabilities and its remaining £45,000 of convertible loans. This has left the company debt-free. No dividends are paid during the period. The company continues to pursue its reversed takeover of Dunbar Energy Inc, which it expects to be put to shareholders for approval in the first quarter of 2026. ---------- International Workplace Group PLC - Zug, Switzerland-based provider of hybrid workspaces - completes the $130 million share buyback programme for 2025 at a weighted-average price of 201 pence. Says 2026 buyback begins January 2 with an initial tranche of up to $50 million. Further tranches will be announced throughout the year. Jefferies International Ltd will conduct the programme. ---------- Pharos Energy PLC - energy company with assets in Vietnam and Egypt - receives $20 million from the Egyptian General Petroleum Corp, reducing its outstanding receivable balance in Egypt to $7.4 million. Chief Executive Officer Katherine Roe says: ‘This is our lowest receivable balance since December 2021. This very welcome progress towards recovery of our receivables, together with the improved fiscal terms from our consolidated concession agreement approved by EGPC in September, will allow us to benefit from the attractive investment framework across our Egyptian assets and further unlock long-term value for all stakeholders.’ ---------- Wizz Air Holdings PLC - Budapest-based airline holding company - creates financial performance committee to oversee operational and financial planning, asset financing, capital structure, and performance related financial and productivity metrics. The committee is chaired by Andrew Broderick. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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