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The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Predator Oil & Gas Holdings PLC - Morocco and Trinidad-focused oil and gas company - Places 128.6 million new shares at 3.5p each to raise £4.5 million before expenses. The proceeds of the placing will be used on drilling and testing the Snowcap-3 appraisal and development well. ‘Trinidad is a re-emerging oil and gas province for the oil majors again fuelled by successes offshore Guyana and the new strategic importance of nearby Venezuela. We intend to increase further our visibility in Trinidad through advancing the drilling of SC-3,’ says Chief Executive Officer Paul Griffiths. Testing at the Snowcap-3 well is scheduled for the second quarter of 2026 and expected to take up to 20 days to drill and log to a depth of approximately 5300 feet. It is intended to put the well in production in the third quarter after drilling and testing completes. ‘The impact on the company’s forecast production for 2026 has the potential to be transformational,’ Predator says. ---------- Helios Underwriting PLC - London-based investment vehicle that provides participation in Lloyd’s of London insurance market - Announces expected 2026 managed capacity for its Lloyd’s syndicate portfolio of £467 million, down from £491 million in 2025. The revised capacity figure reflects ‘further improvements to the quality and resilience of the syndicate portfolio’ and includes trading at the 2025 auctions and limited liability vehicle acquisitions. The 2026 portfolio remains ‘well-diversified underpinned by disciplined allocation across syndicates, geographies and classes of business,’ Helios says. The proportion of freehold capacity for 2026 year of account has increased by 35% to £218 million from £161 million in 2205, Helios adds. ‘While market conditions are starting to soften following a period of exceptionally strong pricing, rates remain attractive overall,’ says Chief Executive Officer Louis Tucker. ---------- Astrid Intelligence PLC - London-based company specialising in artificial intelligence, formerly known as Cel AI PLC - Acquires TaoFi, a decentralised exchange and liquidity infrastructure platform operating within the Bittensor ecosystem from Subnet 10. Astrid says the deal expands its ‘infrastructure footprint and strengthens its position as an operator of protocol-level services rather than a passive participant in digital asset markets.’ TaoFi is expected to provide a key infrastructure to enable increasing volumes moving in and out of Bittensor and therefore revenue for Astrid. ---------- CPPGroup PLC - Leeds, England-based provider of digital financial services - Says it is considering leaving the market due to ‘challenges faced by the company in the context of the current UK public market environment for small-cap companies’. These include ‘persistent undervaluation, limited liquidity, and the ongoing costs and administrative burden associated with maintaining a public listing,’ the company says. The firm adds no decision has been made at this stage, but it is ‘actively pursuing and carefully assessing a range of strategic options to maximise long-term shareholder value’. The company says its near to medium-term funding requirements will be met from its existing cash resources of £5.6 million at the end of 2025 and disposal proceeds. Further, says that overall group performance in the second half of 2025 remains in line with management expectations. In addition, appoints Brian Barter as executive director, with immediate effect. ---------- TechFinancials Inc - British Virgin Islands-based investor in the technology and mineral exploration sectors - Signs an agreement to buy up to 60% interest in the Dilotiko project, a high-grade iron ore project located in Taita Taveta County in Kenya from Dilotiko Ltd, a private limited liability company in Kenya. A mining permit application was accepted in January last year at the project and is currently going through final evaluation. The Dilotiko project is considered an ‘advanced and high-grade hematite and magnetite iron ore project,’ TechFinancials says. Initially, TechFinancials takes a 25% stake in the project through the issue of 57.1 million shares to Dilotiko Ltd. TechFinancial has an option to increase this to up to 60%. It has issued 20 million shares at a price of 0.25 pence per share, to Gathoni Muchai Investments, as introducer of the Dilotiko project. GMI is a Kenyan-based investment banking and corporate finance group. Further, 20 million shares will be issued to the Dilotiko Ltd shareholders upon the Dilotiko project achieving first commercial production and sales, and will increase to 50 million shares once the company exercises the option to increase its commercial interest to 60%. In addition, the company is proceeding with its name change to Ubuntu Mining and Metals Inc. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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