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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: ---------- BATM Advanced Communications Ltd - Israel-based provider of network infrastructure, cybersecurity and diagnostic technologies - Announces sale of Laborator AMS 2000 SRL for €1 million to an undisclosed German laboratory group that provides agricultural, environmental, water, food and feed analysis. The business was formed to hold AMS 2000 Trading Impex SRL’s laboratories prior to their sale, which BATM completed in December. Chief Executive Officer Moti Nagar says: ‘We are pleased to have completed this sale of another non-core subsidiary as we continue to execute on our strategy and streamline our operations. This is our fifth disposal within less than a year, which will significantly reduce our costs and ongoing commitments related to these businesses and allow greater focus to be placed on our core activities that offer significant growth potential.’ ---------- Zanaga Iron Ore Company Ltd - iron ore exploration and development company - ZIOC and its subsidiary Jumelles BVI Ltd sign a binding term sheet with Red Arc Mineral Inc for a proposed investment by RAM in the Zanaga Iron Ore Project, 100% owned by Jumelles BVI. Zanaga says the proposed investment would enable the completion of essential technical work to advance the project towards a final investment decision. Further, it says the investment would secure additional upside value potential and further optionality linked to the successful development of the project. ‘As a result, the Board believes that the Transaction has the potential to deliver meaningful value to ZIOC shareholders both in the short and long term, while also being non-dilutive to ZIOC shareholders,’ the company says. ---------- Medpal AI PLC - London-based digital health and AI company - Provides an update on its UK vertically integrated platform. Says after establishing MedPal Ltd pharmacy operations in October, its strategy has evolved from being centred on the MedPal app to integrating it with an AI-driven triage system and prescribing service. Notes app subscriptions are currently priced at £3.99 per month or £29.99 per year, alongside NHS dispensing fees of £9.90 or higher per item, private prescription income, and clinical consultation fees. Says 36,951 items were dispensed in January and 7,791 apps were installed. Chief Executive Officer Jason Drummond says: ‘MedPal AI’s platform uniquely integrates AI, clinicians, and robotic dispensing for end-to-end care and revenue at every step. Diverse channels from NHS contracts to Epassi’s [11 million plus] employees fuel resilient growth. Our cross-sell flywheel compounds value: app users become pharmacy patients, and vice versa. With 36,951 items dispensed in January and 7,791 app installs, we are well positioned for sustained expansion.’ ---------- Sunda Energy PLC - Southeast Asia-focused gas resource company - Enters unsecured loan agreement with Chief Executive Officer Andy Butler for up to £1.5 million. An initial drawdown of £400,000 is used to fund transaction costs associated with a proposed acquisition and to provide additional working capital for business activities. Regarding the acquisition, says it has entered into an exclusivity agreement with a third party to acquire a portfolio of oil and gas production, development, and exploration assets. Is conducting confirmatory due diligence and negotiating a binding sales and purchase agreement with the seller. Says that although discussions are in an advanced stage, there is no certainty that a transaction will be completed. Additionally, provides an update on the TL-SO-19-16 production-sharing contract offshore the Democratic Republic of Timor-Leste, operated by subsidiary SundaGas Banda Unipessoal Lda. SundaGas is working to secure a rig to drill Chuditch-2, as the planned contracting of a jack-up rig by the end of 2025 was not achieved. Says the procedure for the issuance of an environmental licence for drilling Chuditch-2 has taken longer than anticipated, though revised documents have been submitted to the authorities. The evaluation committee established by the country’s Autoridade Nacional do Petroleo will convene and have 5 regulatory working days to complete its assessment. Afterwards, ANP will complete the final processes for awarding an environmental licence within 25 business days. SundaGas continues to discuss a revised farm-in agreement with partner TIMOR GAP. Also, Sunda issues an update on the Philippines Sulu Sea Service Contracts 80 and 81, in which Sunda holds 37.5% non-operated interest. Says that since the contracts were issued to Sunda and its joint venture partners in October, operator Triangle Energy has been compiling all available data, assisted by Sunda’s technical team, and making preparations for 3D seismic data reprocessing. ‘This reprocessing project is expected to commence shortly and is intended to delineate effectively the existing discoveries and cast a much clearer light on the overall prospective resources across the two blocks,’ company says. ---------- Baker Steel Resources Trust Ltd - investor in mining companies - Says that the period for International Resources Holdings RSC Ltd to exercise its option to acquire Baker Steel’s 24.1% equity interest in Futura Resources has expired. IRH’s interest in Futura’s mines was part of its strategy to consolidate several coking coal mining operations in the Bowen Basin in Queensland, Australia. Baker Steel says this was possibly made more challenging by the increase in coking coal prices from around $180 per tonne at the time of the option to over $240 per tonne currently. Baker Steel Capital Managers LLP Chief Investment Officer Trevor Steel says: ‘We share Futura’s view regarding the lapse of the IRH option allowing for maximisation of shareholder value, noting that the option was entered into when coking coal prices were significantly below current levels and at a time when Futura was in a financially weaker position. Pleasingly, as we have seen recently in the portfolio, the inherent optionality to higher commodity prices of a number of our holdings has been a strong driver of NAV performance. Continued strength in the coking coal market could in time lead to a meaningfully higher value on Futura than that of the IRH option.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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