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TRADING UPDATES: Alumasc execs buy shares; Wellnex to extend loan date

ALN

The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Alumasc Group PLC - Kettering, Northamptonshire-based supplier of building products for water and energy management - Chair Vijay Thakrar, Chief Executive Officer Pamela Bingham, and Chief Financial Officer Simon Dray each buy 25,000 shares at 240 pence each. Their shareholding in Alumasc now total 0.21%, 0.07% and 0.36%, respectively.

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Bango PLC - Cambridge-based digital payments firm - Announces direct carrier billing agreements with two new mobile operator partners: Telin (Hong Kong), a subsidiary of PT Telekomunikasi Indonesia (Telkom), and LMT (Latvia), the country’s largest operator. Both operators have selected Bango following competitive tender processes, migrating their existing DCB services from incumbent providers to the Bango platform. Chief Operating Officer Wayne Griffiths says: Winning these deals through competitive tenders demonstrates the strength of the Bango platform and our ability to deliver superior performance at scale. Telcos continue to recognize the value of partnering with a global leader in carrier billing to maximize conversion, simplify operations and unlock new revenue opportunities. We are delighted to welcome both Telin and LMT to Bango and look forward to supporting their continued growth.‘

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IP Group PLC - London-based intellectual property commercialisation firm - Portfolio company First Light Fusion Ltd closes its £25 million funding round, led by UK venture firm East X Ventures and its fusion fund Starmaker One with a significant strategic investment from the UK Atomic Energy Authority (UKAEA). It was also supported by existing shareholders including IP Group and our Hostplus managed fund. Following completion, IP Group has an undiluted beneficial holding of 28.3% in First Light, with a further 17.3% held via its managed funds. The capital will accelerate the commercial development of First Light Fusion’s groundbreaking FLARE Fusion Energy concept - a novel, reactorcompatible approach to Inertial Fusion Energy, aimed at offering ’a simpler, lower cost, pathway to fusion energy,‘ IP says.

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Genedrive PLC - Manchester, England-based point-of-care pharmacogenetic testing company - ’Welcomes‘ publication from the NHS of a preliminary market engagement notice under the Procurement Act 2023. The notice regards the NHS commercial strategy for rapid genetic MT-RNR1 testing in neonates to prevent antibiotic induced hearing loss. CEO Gino Miele says: ’As a UK-based diagnostics vendor, that has worked in close proximity with various NHS partners, we are proud to have developed and brought this product to a previously unaddressed clinical market of global significance, and look forward to all babies admitted to NICUs throughout the UK being able to benefit regardless of geographical residence. We believe we are uniquely positioned to address this anticipated tender and look forward to communicating progress in due course.‘

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Foresight Solar Fund Ltd - Jersey-based investment fund focused on solar photovoltaics and battery storage - Notes the UK government’s announcement that it will remove the carbon price support mechanism from April 2028. Expects the removal to have a ’limited impact‘ on its net asset value. ’This estimate remains subject to review as independent power price forecasters update their forecasts. The Foresight Solar board and the investment manager will provide a further update in due course. The change will have no impact on FSFL’s dividend target and expected 1.1x dividend cover for 2026,‘ company says.

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Wellnex Life Ltd - Melbourne-based consumer healthcare products company - Is advanced discussions on agreeing an extension to the previously agreed deadline of April 20 to repay loans to former directors totalling £2.88 million including interest. An update will be issued shortly.

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Filtronic PLC - Sedgefield, England-based maker of advanced micro electronics - Jonathan Neale, non-executive chair, sells 65,151 shares at 244.50 pence each, worth total £159,252. Following the sale, Jonathan continues to hold a beneficial interest in 200,000 Ordinary Shares.

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