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The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Electric Guitar PLC - London-based cash shell - Provides an update on its proposed acquisition of Dunbar Energy Inc. Discussions continue regarding the deal although this has been delayed by the changing nature of Dunbar’s asset base and structuring matters as Dunbar continues to develop its strategy in the US of behind-the-meter power from gas wells to local intensive compute sites. ‘The board continues to review the Dunbar acquisition and further announcements will be made in due course.’ Further, Electric Guitar says it has been in talks in relation to the potential acquisition of interests in other oil and gas assets in the US. Shares remain suspended from trading on AIM in the meantime. ---------- EnSilica PLC - Oxford, England-based computer chip maker - Files an application with the OTC Markets Group for the company’s ordinary shares to be publicly cross-traded on the OTCQB Venture Market in the US. Subject to approval, Ensilica says this will provide easier access to trading to investors in North America. ---------- Marula Mining PLC - London-based Africa-focused mining and development company - Provides an update on operating activities at the Kilifi manganese processing plant in Kenya and its manganese sales to be concluded under its agency framework contract with Baosteel Resources South Africa (Pty) Ltd. Confirms that the purchase and transportation of run-of-mine manganese ore to the Kilifi plant commenced last week and is continuing. Transportation is set to increase over the coming weeks in order to meet the budgeted production levels of the Kilifi plant and the previously announced planned manganese sales to be concluded under its AFC with Baosteel from April this year. Processing of the run-of-mine manganese is to commence in April. ---------- Directa Plus PLC - graphene product maker based in Lomazzo, Italy - Announces that it is in advanced discussions with an institutional investor for the provision of an up to £2.5 million funding facility to extend its cash runway. Says it has not been able to conclude its discussions with Nant Capital LLC with regards to the terms of a non-dilutive potential loan. If no additional funding is secured, Directa Plus says it is ‘highly likely’ that this will result in the company having to take steps to place it into administration. Continues to progress both the potential sale of non-strategic land held by its Romanian subsidiary Setcar SA, with an estimated value of at least €500,000, as well as evaluating options for the business, including Setcar’s disposal. ---------- Botswana Minerals PLC - copper and diamond explorer, previously known as Botswana Diamonds - Announces the start of its first phase work programme over its prospective copper licenses in North West Botswana. The immediate objective is to refine and rank the most promising targets across the licence package and define the geophysical priorities which will lead to identifying drill targets. ---------- Mirriad Advertising PLC - London-based provider of virtual product placement - Provides a trading update on the first quarter of 2026. Says geopolitical events, principally the conflict in Iran, have had a major impact on sales during the period, meaning an expected pick up in trading did not materialise as anticipated. More positively, it did enter a services agreement with one of the UK’s largest media conglomerates. Under the deal, Mirriad will provide the company with its VPP solution and try to help them scale incremental revenue through utilizing Mirriad’s VPP solution. As of last Friday, Mirriad had cash and cash equivalents of £675,000. ‘Costs continue to be carefully managed, however it is anticipated that the company will be required to secure further funding prior to the publication of its annual,’ it adds. ---------- HgCapital Trust PLC - company which provides access to private equity investments of manager Hg - Hg announces a full exit of Geomatikk Group, a leading provider of tech-enabled services and software that help safeguard and manage critical underground infrastructure. This values HgCapital Trust’s investment in Geomatikk Group at around £20.4 million. This would represent an uplift of £600,000 over the carrying value of £19.8 million in the pro-forma net asset value of HgT at February 28. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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