|
The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Spectra Systems Corp - Providence, Rhode Island-based company provides technology for secure transactions from banknotes to gaming - Informed by HMRC that it has been the winning bidder for a pact to produce and supply of vape duty stamps. The bid by Cartor Security Printers, a Spectra unit, was submitted in a ‘consortium with a world leader in tax stamp track and trace technology’. The estimated deal value is £38.4 million, including VAT, based in five years and has an option for an extra year. ‘Spectra expects approximately 15% of the total five-year revenue. Within the CSP-led consortium, CSP will be responsible for production and supply of stamps as well as authentication features and associated devices provided by Spectra in Rhode Island, USA. Our partner will be responsible for businesses to order, make payment, manage their stamps and collect data for HMRC relating to the products entire journey through the supply chain,’ Spectra says. ---------- Sulnox Group PLC - London-based green fuel technology developer - Reports grant of a patent in Vietnam, which boosts its intellectual property protection and grows its offering in Asia. ‘Consistent with Sulnox’s more than 100 patents granted to date in other major markets, this latest patent for emulsification for heavy sulphur fuel oils and Sulnox eco fuel conditioners,’ it says. ‘Vietnam represents an important market for Sulnox, as the company continues to expand its global reach into Asia in partnership with major distributors, and opens new stock locations. The country’s proximity and connections to key centres such as Singapore, where Sulnox has become well established, as well as Indonesia and China, also reinforce the potential for supporting Asia’s major industries and their closest supply chains.’ ---------- Cobra Resources PLC - South Australian mineral exploration and development company - Notes approvals are in place to drill up to 50 drillholes at the Manna Hill project, which Cobra has a 12-month option to acquire. Stage one drilling is currently underway, comprising 15 holes. This stage of drilling is to take two weeks, with final assays expected in March. ‘This is a significant opportunity for Cobra and its shareholders; we have the perfect balance between adding scale within previously defined high-grade mineralisation at Blue Rose and significant discovery upside at Neptune Rose and Black Baccara targets. This programme is targeting a scalable copper discovery in the right market and the right jurisdiction. At the end of this programme, we are hopeful that the company will be advancing two significant projects,’ Cobra Managing Director Rupert Verco says. ---------- Vietnam Enterprise Investments Ltd - investor in listed equities in Vietnam - Says 109.7 million shares tendered in tender offer, representing 68% of its shares in issue. The tender offer was oversubscribed, it says, noting a scale back exercise takes place. The tender price will be a 3% discount to the prevailing adjusted net asset value per share calculated on Friday. Last month, VEIL announced a tender off for up to 10% of its issued share, adding that it was sizing up two further ones, each for up to 10% of its shares. ---------- Eight Capital Partners PLC - financial services company - Enters into plan with Altarius Asset Management Ltd, aiming to establish a Societe d’Investissement a Capital Variable, an investment structure. There is also an intention to establish ‘two sub-funds, focused on private debt and private equity investments’. ‘Subject to the establishment of the SICAV and completion of the applicable regulatory processes, Altarius will be appointed as discretionary investment manager of the SICAV. The company will not undertake any regulated activity with respect to the SICAV or the sub-funds,’ Eight Capital says. ‘The board believes that this agreement will help establish the foundation of its broader longterm objectives by leveraging Altarius’ expertise in private markets, portfolio construction and risk management, and will assist in creating a vertically integrated financial services platform, spanning the company’s existing business offerings and advisory services.’ ---------- Harena Rare Earths PLC - rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar - Issues new shares to seal £450,000 investment by RAB Capital Holdings Ltd and associates. It says the 30.0 million subscription shares are to be admitted on Tuesday. ---------- MedPal AI PLC - London-based digital health and AI company focused on wellness management - Raises further £378,870 through an equity facility, issuing 6.2 million shares at an average of 6.11 pence each. Proceeds will go towards additional working capital for MedPal’s recently established online pharmaceutical subsidiary, MedPal Ltd. It has raised £877,095 to date through this facility ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
