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The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- GS Chain PLC - London-based investment company which invests in real estate, fintech, automotive and blockchain technologies related companies - Loss from operations is £169,698 in the six months to December, little changed from £169,150 the year prior, reflecting administrative expenses of the same amounts for both years. Remains committed to pursuing a deal that will bring long term value to investors, and continues with its efforts to progress the proposed acquisition of GMM Acquisition Corp. ---------- DP Aircraft I Ltd - Guernsey-based company focused on acquiring and selling aircraft - Announces that it has agreed new debt financing with a group of lenders led by Investec Bank PLC in respect of its two Boeing 787-8 aircraft. Under the new arrangements, separate limited recourse facilities of up to $46 million per aircraft have been made available for MSN 35320 and MSN 36110. The facilities are expected to be drawn initially during May or June and will be used principally to refinance the group’s existing debt financing in respect of the aircraft. The facilities also provide for an optional second drawdown, subject to the agreed terms and conditions. The new facilities mature in December 2034 in respect of MSN 35320 and October 2034 in respect of MSN 36110, aligning the debt maturity profile with the end of the first rent period under the group’s lease agreements with LOT Polish Airlines. ‘The board believes that the new facilities materially strengthen the group’s capital structure by refinancing its existing indebtedness ahead of maturity and aligning financing with the long-term LOT lease profile,’ it says. ---------- Tern PLC - London-based ’internet-of-things’ focused investor - Raises £406,000 via open offer at 0.60 pence per share. In April, Tern said it hoped to raise up to £643,609. ‘I would like to thank those shareholders who participated in the Open Offer for their support. Our focus remains firmly on realisations and the proceeds of the Open Offer are intended to make an important contribution to helping protect existing value, preserving exit potential, and supporting Tern’s direct portfolio companies, especially Device Authority and Talking Medicines,’ says Jane McCracken, interim non-executive chair. ---------- Jarvis Securities PLC - Kent, England-based provider of stock broking services - Agrees to sell its leasehold interest in The Brewery, Tunbridge Wells for £100,000 cash. The sale is made under an auction agreement with the buyer Sion Properties Ltd, a company connected to Andrew Grant, a director of Jarvis. The property had been utilised historically by Jarvis as a disaster recovery site for IT operations. On completion, proceeds will be applied to general cash resources. Jarvis remains committed to completing an ‘effective and efficient’ wind down of the group selling any residual assets left. ---------- Empyrean Energy PLC - oil and gas explorer with interests in Australia, Indonesia, and the US - Provides update on progress at the Duyung PSC and the Mako Gas Field in Indonesia. Here, Conrad Asia Energy Ltd and its majority-owned subsidiary, West Natuna Exploration Ltd, as operator of the Duyung PSC advise that it has formally executed a binding contract with PT Timas Suplindo for the provision of subsea umbilical, flowline, and riser EPCI contract to support the development of the Mako field. ---------- Arrow Exploration Corp - Calgary, Canada-based junior oil and gas company - Provides an update on operational activity at the Mateguafa Attic field on the Tapir Block in Colombia where Arrow holds a 50% stake. Says the Mateguafa HZ12 well was spud late March, and reached target depth in early April. The well was drilled, on time and under budget, to a total measured depth of 13,824 feet and encountered multiple hydrocarbon-bearing intervals. ‘The continued success of the Mateguafa wells reinforces the materiality of the Mateguafa field to Arrow. Future work at Mateguafa will include both horizontal and vertical development wells, workovers and co-mingling,’ says Chief Executive Marshall Abbott. Says cash balance on May 1 was $24.2 million and the company continues to have no debt. ---------- Trellus Health PLC - London-based healthcare company - Says it has further extended its runway until mid-June through additional cost-saving measures, including further reductions in compensation and the renegotiation of certain vendor contracts amongst other measures. But adds it has not yet been successful in securing long term funding. In addition, although the convertible loan note facility provided by Alumni Capital LLC remains in place, utilisation continues to be constrained by current market conditions. As a result, Trellus says it has engaged corporate restructuring advisers to protect stakeholders’ interests, and is now evaluating all options including the sale of Trellus Health Inc, the US subsidiary. Due to the ‘ongoing uncertainty regarding the company’s financial position, its current limited working capital and the circumstances noted’, Trellus has requested its shares are suspended from trading with effect from Friday. ---------- Tan Delta Systems PLC - provider of oil-quality monitoring and maintenance systems for commercial and industrial equipment - Wins a purchase order worth £395,000 ‘from one of the world leading manufacturers of large commercial & industrial engines’. ‘The order is for our real time oil analysis sensor systems that will be fitted to engines operating in a wide variety of industrial and commercial applications,’ it adds. Chief Executive Chris Greenwood says: ‘This is one of many opportunities that we have in progress, and we are excited to see a further deepening of our relationship with this OEM, it is another example of a successful transition from technology and product evaluation phase into rollout. This customer is of particular note given the scale of their global operations and thus the long term growth opportunity this now opens for Tan Delta.’ ---------- Altona Rare Earths PLC - Africa-focused resource exploration and development - Following recent share price falls, Altona says it is ‘not aware of any reason for this movement.’ ‘The board remains highly confident in the opportunities within the Monte Muambe project, as supported by the mineral resource estimates,’ it says. It also says that a £2 million ‘growth capital facility’ with Zeus Capital Ltd, announced on Wednesday, has not been used yet. It adds: ‘The facility is intended to support the company’s growth objectives for the benefit of shareholders, and no shares have been sold under the agreement.’ Confirms that it is its ‘instruction and expectation’ that any future utilisation of the facility would be undertaken at or above a price of 4 pence per share. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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