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The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Secure Property Development & Investment PLC - Southeastern Europe-focused commercial property investor - Signs amended heads of terms with Adven Inc UK Ltd under which Adven will acquire SPDI. The proposed transaction no longer constitutes a reverse takeover, but will see Adven shares be admitted to trading on AIM, after which Adven will issue new shares to SPDI shareholders in exchange for the sale. Adven has proposed share purchase agreements with at least 51% of SPDI shareholders. SPDI says it has agreed to use ‘reasonable endeavours to procure that 75% of SPDI shareholders sign SPAs’. The value of the whole of SPDI in these SPAs is expected to be around €2 million. The companies are targeting completion in June 2026. ‘The structure of the potential transaction has been changed in order to enable Adven to raise [enterprise investment scheme]-qualifying funds prior to the conclusion of the potential transaction closing whilst maintaining the potential for SPDI shareholders to participate in the growing energy storage sector,’ SPDI says. ---------- 88 Energy Ltd - Australia-based, Alaska-focused oil explorer - Acquires access to the Kad River 3D seismic dataset, recently released by the Alaska Department of Natural Resources, Oil and Gas Division. The survey covers the entirety of the newly secured Kad River East leases, comprising approximately 17,920 acres east of the Trans Alaska Pipeline System. ‘Access to the 3D seismic data, in combination with historical well logs, will enable 88 Energy to apply its technical expertise to design a data-driven exploration programme across this highly-prospective and under-explored region. Interpretation of the 3D dataset will support the maturation of prospects within the Kad River East leases and enable the calculation of an internal maiden prospective resource estimate, expected to be released in [the second half of 2026],’ 88 Energy says. The company considers Kad River East acreage ‘a longerterm exploration opportunity’ that complements its nearterm focus at the South Prudhoe project. ‘These assets collectively provide diversified exposure to multiple independent exploration plays within a staged portfolio framework,’ company adds. ---------- Synergia Energy Ltd - West Perth, Australia-based oil and gas company - Enters an up-to $700,000 unsecured loan agreement with Republic Investment Management Pte Ltd to provide funding for general working capital requirements. Republic holds 12.4% in Synergia. Under the agreement, $350,000 may be drawn down on demand at an interest rate of 7.5%, repayable within 12 months from the initial draw down date. A second tranche of $350,000 will be available on a date to be agreed no earlier than September 1 on the same terms. Alongside the loan, Republic will be issued share options to the value of the loan principal with an exercise price at a 10% premium over the prevailing share price at the initial draw down date of each loan tranche. The options have a term of 12 months from each loan draw down date and can be exercised to offset the loan principal amount, Synergia says. ---------- Aterian PLC - minerals exploration and trading in Africa, including copper-silver projects in Morocco and Botswana and an exploration licence in Rwanda - Updates on its Rwandan mineral trading operations for the first quarter ended March 31. Gross profit is $306,000, up from the $145,000 in the fourth quarter of 2025. This reflects both ‘higher volumes and improved operational efficiency,’ Aterian says. Adds: ‘This performance highlights the continued successful execution of the company’s strategy to complement its exploration portfolio with near-term, cash-generative trading activities. The company remains focused exclusively on responsibly sourced, fully traceable mineral supply chains. The emphasis remains on maintaining high traceability compliance and general margin discipline, along with continued supply growth from compliant sources.’ Aterian expects ‘further operational progress throughout 2026 as trading volumes increase and efficiencies improve.’ ---------- Amigo Resources PLC - focussed on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania - Chair Craig Ransley provides shareholder letter outlining Amigo’s strategy. Says the company stands at ‘a pivotal inflection point. Supported by national policy tailwinds and a robust resource base, we are committed to delivering sustainable long-term value through operational excellence.’ In the short term, plans to ‘secure targeted production-ready assets, launch initial gold operations, and structure the finance-platform entry and create a self-funding platform.’ In the medium term, aims to ‘expand [its] physical production footprint, roll out tailored lending products, and lock in robust international offtake channels.’ Long term, Amigo plans to ‘achieve regional replication across the wider East African corridor and solidify our position as a completely integrated mineral ecosystem.’ Says its decision to focus on Tanzania is due to it being ‘a premier jurisdiction with a compelling macroeconomic environment.’ Notes Tanzania real GDP growth is projected at 6.1% to 6.3% for 2026, and 6.5% for 2027 with an average inflation rate around 3.3%. ---------- Treatt PLC - Suffolk, England-based extracts and ingredients manufacturer - Appoints Sangita Shah and Shaun Smith as independent non-executive directors, with immediate effect. Shah’s current appointment include nonexecutive chair of the Quoted Companies Alliance, interim chair of Big Technologies PLC and senior independent director of Forward Industries Inc. Smith is currently a non-executive director of Inspecs Group PLC. Previously, Shaun was chief financial officer of Norcros PLC. Chair Vijay Thakrar says: ‘Following an extensive recruitment process I am delighted to welcome Sangita and Shaun to Treatt. Sangita and Shaun both bring significant public company experience and knowledge to the board, which will continue its focus on the delivery of Treatt’s strategy.’ ---------- Goldstone Resources Ltd - Ghana-focused gold explorer - Appoints Dr Bob Foster as a non-executive director. Foster is a chartered geologist and engineer and former CEO of Stratex International PLC, which he co-founded. Also, promotes NED Mike Jones to executive director with immediate effect. ‘This transition reflects the company’s commitment to strengthening its executive leadership. Mike will play an expanded role in providing executive board support and enhancing corporate oversight as the Company continues to develop its operations,’ Goldstone says. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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