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The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Powder Monkey Group Ltd - Gosport, England-based brewer and hospitality firm - Says it has partnered with former West Indies cricketer Chris Gayle to launch a premium beer range comprising a pilsner and a rum-flavoured beer. The products will debut in the UK before planned expansion into India and Australia. The company says Gayle has also taken an equity stake in the business as part of the partnership. Powder Monkey adds the initiative as part of its growth strategy following the acquisition of seven breweries in 2025 and continued investment in production capacity, including a new facility in Sydney. ---------- Pennant International Group PLC - Cheltenham, England-based provider of systems support, technical services and training with a focus on the defence sector - Wins a new framework contract with the Canadian Department of National Defence for support services related to its Auxilium software suite used in maritime programmes. The agreement has an initial five-year term, with annual extension options for a further six years. Pennant estimates the contract could generate around C$15 million over the initial term and up to C$35 million over the full 11-year period, based on historical usage levels. Chief Executive Phil Walker says the award reflects Pennant’s long-standing relationship with the Canadian DND and supports continued investment in the Auxilium platform. ---------- BSF Enterprise PLC - London-based biotechnology investment group with focus on fields including lab-grown meat and leather - Says a T-Rex Leather handbag created by its portfolio company Lab-Grown Leather Ltd failed to meet its reserve price at a Paris auction, despite attracting significant international interest and bids reaching €150,000. The company says the handbag, described as the world’s first product made from T-Rex Leather, has been withdrawn from auction and is now being offered to a select group of high-net-worth collectors and institutions. BSF adds that corporate interest in the underlying bio-leather technology remains strong, with ongoing discussions with a major global sportswear company and a leading automotive brand regarding potential future applications. ---------- TruFin PLC - London-based holding company of three growth-focused technology businesses operating in early payment provision, invoice finance, and mobile games publishing - Intends to return £80 million to shareholders following the completion of the sale of Playstack Ltd. The company proposes a tender offer of up to £56.8 million at 140p per share, followed by a special dividend of at least £23.2 million. Any unutilised portion of the tender offer will be added to the special dividend to ensure the full £80 million is returned. TruFin expects to publish a shareholder circular in July seeking approval for the tender offer and a related Rule 9 waiver. The company has also terminated its share buyback programme in light of the proposed capital return. ---------- Quadrise PLC - London-based fuel and biofuel company - Says progress continues with its project with Valkor Technologies in Utah, where heavy sweet oil samples have been prepared for MSAR and bioMSAR formulation work. Valkor’s 500 barrel-per-day oil sands pilot plant is now expected to be commissioned in the fourth quarter of 2026, delaying delivery of Quadrise’s 600 bpd Multifuel Manufacturing Unit to the third quarter from the previously indicated June-end deadline. Quadrise adds that $950,000 of a $1.0 million licence fee remains outstanding, with full payment now expected by September 30 as Valkor awaits approved project funding. ---------- Value & Indexed Property Income Trust PLC - invests in UK commercial property for indexed income - Reports a 5.6% net asset value total return and an 11.6% share price total return for the year ended March 31, 2026. The company proposes a total dividend of 14.4p per share, up 4.3% from 13.8p, maintaining a dividend yield of 7.5%. Net asset value per share at year-end is 212.0p. The property portfolio delivers a 6.5% total return, outperforming the MSCI UK Quarterly Property Index’s 5.4% return. The trust sold five properties for £16.0 million and acquired a government-let driving test centre in Dundee for £3.2 million, including costs. The company, which became a UK REIT on April 1, 2025, says its share price rose 3.8% over the year. ---------- African Pioneer PLC - natural resource explorer and developer focused on sub-Saharan Africa - Signs a non-binding term sheet with Hong Kong-based Xinhai Mining Services for the financing, development and construction of its Ongombo and Ongeama copper projects in Namibia. Under the proposed deal, Xinhai would provide 100% of the funding required to reach agreed development milestones, covering exploration, engineering, construction and commissioning. Xinhai is granted a 60-day exclusivity period to negotiate definitive agreements and, if completed, would subscribe for a 10% stake in African Pioneer at 1.15p per share and provide a secured project loan. Chair Colin Bird says the agreement could fast-track the projects into commercial copper production without the need for additional project funding from African Pioneer. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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