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The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Tracsis PLC - Leeds, England-based rail software company - Buys Vesputi GmbH, a German digital ticketing technology provider, for up to €8.2 million. The bolt-on acquisition expands Tracsis’ digital ticketing capability and establishes an operational foothold in the German public transport market, it says. The deal is consistent with its strategy focused on growing recurring software licence and consumer-driven transactional revenues while continuing to diversify internationally. Pays an initial €5.8 million, including net cash of €800,000, funded from existing cash resources, with a further up to €2.4 million payable, subject to certain performance criteria for the period to December 2027. Vesputi will be integrated into the group’s Rail Technology & Services Division alongside Tracsis’ existing digital ticketing capabilities. Tracsis says deal is ‘immediately earnings enhancing’. ‘This is a quality bolt-on acquisition in a core strategic focus area for Tracsis. Ticketing is being digitised to enable simpler, more flexible journeys, and the value is increasingly created in the software that makes distribution easy for operators and effortless for passengers,’ comments Chief Executive David Frost. ---------- Satsuma Technology PLC - London-based Bitcoin treasury firm - Identifies further cost savings which will likely reduce annualised operating expenditure to £2.7 million from £6.7 million, with further reductions expected. This takes annualised savings to £4.2 million to date, Satsuma says. The cost reductions include a reduction in staffing levels, renegotiation of advisory and service provider contracts, the rationalisation of consultancy arrangements, and the reduction of expenditure not aligned with the current strategy. Expects the majority of these savings to take effect in the current quarter. At the reduced run rate, existing cash reserves provide a runway of over 24 months of operating costs, without requiring any additional revenue or capital raising. One-off costs associated with the related actions, amount to £1.4 million. Further, Satsuma says it buys 25.65 bitcoin at an average price of £51,939 each for a total £1.4 million, funded from existing reserves. ---------- Sorted Group Holdings PLC - Manchester-based delivery platform operator - Unveils a plan to sell its Sorted Group Ltd unit to Brislington Holdco Ltd for a nominal sum. If the deal takes place, Sorted will become a cash shell under AIM rules, kicking off a six month countdown to make a reverse takeover, or become an investing company by raising at least £6 million. ‘Leveraging their knowledge and contacts, the directors will seek to identify suitable investment and/or acquisition opportunities. At this stage, the directors would not seek to exclude any particular sector or jurisdiction,’ it adds. It will propose to shareholders a name change to SGH PLC. ---------- Coro Energy PLC - South East Asian energy company focused on natural gas and renewables - Receives internal credit committee approval from a leading global sustainable infrastructure investor in respect of a proposed senior secured debt facility of up to $20 million. The facility remains subject to completion due diligence, and other customary conditions, which Coro expects to be completed during the first half of the year. The facility consists an initial committed tranche of up to $10 million and an additional uncommitted accordion tranche of up to $10 million. Proceeds will support the continued rollout of projects with existing and new commercial and industrial customers in Vietnam including the ability to finance battery energy storage systems. ---------- ActiveOps PLC - provider of decision intelligence software for service operations - Agrees sale to Microsoft Corp of the trademarks that it holds in the UK, US, Australia and EU to the WorkiQ name for $10 million cash. ActiveOps says the sale of the trademarks has no impact on the ActiveOps Decision Intelligence software suite of products, and the WorkiQ product will be rebranded in due course. The proceeds will provide additional capital, which the board is considering how best to utilise. ---------- Fenikso Ltd - investor in Nigerian oil and gas assets - Announces receipt of funds for repayment of $51.9 million loan under the Lekoil & Gas Investments deal entered in to in 2022 as part of a restructuring. Fenikso receives $516,684 as partial repayment of the loan, with $33.2 million outstanding. The next payment is scheduled for May. ---------- Camellia PLC - Kent, England-based agriculture and engineering services firm - Exchanges contracts for the sale of Linton Park including the remaining properties and artwork of the Linton Park estate for £11.0 million. Completion of the sale is expected on or before April 22. At completion, the deal is expected to realise a profit of £400,000. In total, the sale of all the properties and artwork of the Linton Park estate over the past 18 months is forecast to realise £18.7 million with an aggregate profit of £1.4 million. Camellia anticipates that the sale of these properties will reduce annual costs by around £400,000. On completion, Camellia will only hold two UK investment properties, valued at £1.7 million. Proceeds will support the company’s ’Value Enhancement Plan’, which includes ‘increasing investment into higher-return operating assets to generate long-term growth in shareholder value’. ---------- Christie Group PLC - London-based provider of professional services, including stock and inventory systems, for customers in the hospitality, leisure, healthcare, medical, childcare, education and retail sectors - Announces the closure of two final salary pension schemes with effect from April 6. Members will now transfer to their respective employer’s defined contribution pension arrangements. Both schemes are expected to remain in a fully funded position, with a significant funding surplus when valued in accordance with the requirements of IAS 19. Christie says it will now work ‘collaboratively’ with the trustees with the shared objective of securing a full buy-in of both schemes, as a prelude to then achieving a full buy-out which would remove all scheme assets and liabilities from the group’s balance sheet. ‘This is another significant step forwards as part of our strategy to build a stronger, liability-light balance sheet, better equipped to support our strategic growth ambitions in the coming years,’ says Chief Executive Dan Prickett. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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