|
The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News: ---------- Ondo InsurTech PLC - claims prevention technology company for home insurers - Says its chair takes on an executive role to support growth plans. The firm says Gregory Mark Wood, previously non-executive chair, becomes executive chair with immediate effect. Ondo says the move is intended to support Chief Executive Officer Craig Foster as the company pursues commercial expansion, citing Wood’s prior leadership roles at Prudential UK and AXA UK. Wood has served as non-executive chair since Ondo’s 2022 admission and holds 2.53 million shares, representing 1.69% of the company’s issued share capital. ---------- Pantheon Resources PLC - oil and gas company focused on developing the Ahpun and Kodiak onshore oil fields in Alaska - Reports ongoing farm-out discussions and a change to its financial reporting calendar. The company says management has been primarily focused on advancing farm-out talks for its Kodiak and Ahpun projects, with multiple parties engaged in the data room and additional interest emerging. It cautions that discussions are complex but says progress is being made, with an update expected before the end of the summer. Pantheon also changes its accounting reference date from June 30 to December 31, effective immediately. It says this will align reporting with internal planning and tax timetables, and sets out a revised schedule including interim results to June 2026 by September and audited results for an 18-month period to December 2026 by June 2027. ---------- Optima Health PLC - Sheffield, England-based occupational health services provider - Raises £35.0 million through an oversubscribed open offer following shareholder approval. Says its underwritten open offer at 175 pence per share is around 194% subscribed, with applications for 38.8 million shares. It will issue the maximum 19,999,149 new shares, with all qualifying shareholders receiving their full basic entitlement and excess applications scaled back. Optima says the related resolution at its general meeting is passed with a large majority. Admission of the new shares is expected on April 24, taking total shares in issue to 108.8 million. he company adds that the underwriting commitment from Deacon Street Partners Ltd is not required due to strong demand, while the LA Concert Party is expected to hold around 30% of voting rights following admission. ---------- Alkemy Capital Investments PLC - critical minerals-focused investor - Reports progress on its Tees Valley Lithium project, including cost validation and supply chain development. The company says its subsidiary Tees Valley Lithium completes an independent capital cost review following front-end engineering design, confirming a credible and competitive cost position. It adds prior benchmarking identified the project as among the most cost-effective globally. Alkemy says TVL signs a non-binding memorandum of understanding with Buxton Lime Ltd, part of SigmaRoc PLC, to support long-term quicklime supply for lithium refining operations. The group also reports progress on site integration and infrastructure discussions with neighbouring operators at its Billingham site, alongside completed environmental studies with no adverse findings. It says these steps support the project’s advancement toward execution and its role in the UK battery materials supply chain. ---------- Celsius Resources Ltd - Philippines-focused gold and copper producer - Says it advances efforts to remove Sodor and PMR from its Makilala Mining Co pany arrangements following a favourable interim ruling. The company says an initial conflict resolution process rules in its favour, denying interim orders sought by Sodor Inc and PMR Holding Corp to block changes to MMCI ownership. Celsius initiates a further emergency process to restrict Sodor’s shareholder and board rights and to maintain the status quo pending a broader resolution. Celsius says it is also pursuing a wider process to enforce the exit of Sodor and PMR, enabling a potential transfer of MMCI shares to a new Filipino partner. It expects the interim orders application to be concluded in early May. The company adds that Sodor has taken actions at MMCI, including appointing board representatives and suspending executives, which Celsius intends to challenge while defending its legal position. ---------- Manolete Partners PLC - Buckinghamshire, England-based insolvency litigation financing firm - Expects improved profitability and growth supported by a stronger order book. The firm guides realised revenue of around £28.0 million for the year to March 31, down from £29.5 million the year before, while adjusted realised pretax profit is expected at £1.9 million, up from £600,000. Gross cash receipts rise to £26.6 million from £25.6 million, with net debt at £11.5 million. Manolete says its forward order book increases to £67.0 million from £49.0 million year-on-year, driven by higher-value case signings and investment in its legal team. The company notes potential provisions of £1.5 million to £2.0 million relating to delayed debtor payments but remains confident of recovery. Looking ahead, Manolete says the expanded forward book and elevated insolvency levels support confidence in growing realised revenue and pretax profit in financial 2027. ---------- Blue Star Capital PLC - Investor focused on blockchain, e-sports, and payments - Reports limited exposure to a cyber attack affecting its investee SatoshiPay Ltd. The company says a vulnerability in the third-party Hyperbridge protocol leads to a total loss of around $2.5 million, with SatoshiPay’s share estimated at $250,000. It stresses the issue originates from external verification logic and not from SatoshiPay’s own systems, which continue to operate securely. Blue Star adds SatoshiPay has removed liquidity from affected pools, reported the incident to authorities and is pursuing recovery alongside counterparties. Separately, SatoshiPay advances product development, with its Pendulum FX decentralised exchange integrated into aggregators including 0x and KyberSwap, and continues progress on its Vortex platform and North American expansion through AlfredPay. ---------- CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - Expects revenue growth in financial 2026 and reports progress on international opportunities. Says it anticipates revenue of over £20.0 million for the year to March 31, up from £14.2 million, supported by its Goa project where installations have begun and initial meters and software have been deployed. CyanConnode adds it has advanced development of a new lower-cost product suite, with some hardware shipments deferred ahead of launch, which is expected to support increased deliveries in financial 2027. The company says it collects £10.8 million in cash during the year and continues to progress long-term projects in the Asia-Pacific region and the Middle East, which are moving closer to potential contract awards. ---------- Pulsar Helium Inc - US and Greenland-focused helium company - Notes a third-party broker has ‘falsely circulated communications’ including terms of a private placement involving Pulsar. It says the communications have no basis. ‘The company is currently reviewing its regulatory and legal options to hold the third party responsible for circulating the false communications in respect of a financing for the company,’ it says. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
