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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: ---------- Gresham House Renewable Energy VCT 1 PLC and Gresham House Renewable Energy VCT 2 PLC - London-based venture capital trusts - VCT 1 completes sale of its remaining solar assets to a UK entity managed by specialist renewable energy infrastructure fund manager True Green Capital Management LLC. Generates gross proceeds of £20 million across both VCTs. Following repayment of certain outstanding loan balances, equates to net proceeds of approximately £6.3 million for both VCT 1 and VCT 2, below the last published valuation of £8.5 million as at March 31. ‘The divestment process proved significantly more challenging and time-consuming than originally anticipated. The portfolio comprised a relatively small number of mature assets with complex financing arrangements and a range of legal, property and administrative matters that required attention as part of the sale process. These factors contributed to an extended timetable and increased transaction costs,’ Gresham says. Also cites material effect from the UK government’s autumn 2025 review of renewable energy subsidy arrangements. Says the sale represents an important milestone in its realisation strategy. Gresham expects to announce details of shareholder distribution related to the sale as soon as practicable. Further information regarding the proposed entry into members’ voluntary liquidation, expected to take place during the third quarter, will be communicated in due course. ---------- Tertiary Minerals PLC - mineral development firm with projects in Zambia, the US state of Nevada, and Sweden - First half revenue falls to £65,717 from £100,839 a year earlier. Pretax loss widens to £328,231 from £248,450. At the Mushima North Silver-Copper Project, expects drilling to begin shortly, which will include closer spaced reverse circulation drilling within the envelope of the exploration target and additional drilling to test for extensions to oxide mineralisation along strike and at depth. ‘With drilling due to start in Zambia within the next two weeks, we continue to de-risk the Mushima North project. Not only are we aiming to delineate a maiden mineral resource but we will also carry out initial drilling on other targets in this project area. There are many potential catalysts for a re-rating of the company. This includes the exploration activities of our blue-chip joint venture partners in Zambia as well as potential developments on our projects in Nevada, USA and Sweden. Indeed, we are anticipating a decision on our Storuman project mining lease appeal in Sweden this summer,’ says Chair Patrick Cheetham. ---------- Talon Resources PLC - North American gold exploration company previously known as Medcaw Investments PLC - Begins trading on AIM, transitioning from a Main Market cash shell, with 569.3 million shares in issue. The company’s flagship asset is the 90%-owned Eagle Lake Gold Project, located in Ontario’s Dryden Gold District within the prospective Wabigoon Subprovince, comprising 95 contiguous claims covering 1,986 hectares. ---------- Metals One PLC - critical and precious metals developer and investor with a key focus on gold and uranium - Invests a further £200,000 in Talon Resources after investing £150,000 in September 2025. Now owns 5.57% of Talon. The initial loan investment totalling £150,000 was converted into 15.7 million shares in Talon. Additionally, Metals One participated in Talon’s £2.0 million equity fundraise, by subscribing for 16.0 million shares at 1.25 pence each. ---------- Supersearch Plus PLC - Hong Kong-based frozen seafood importer and wholesaler - Announces that it will be unable to publish its 2025 results by June 30. Additionally, directors Ka Ling Cheung and Kai Sun Cheung resign from the board with immediate effect. The board now consists of one statutory director, Chief Executive Officer Foelan Wong. Also terminates services with Guild Financial Advisory as its Aquis corporate adviser. Shares are now suspended from the Access Segment of the Aquis Stock Exchange Growth Market. ---------- Tiger Alpha PLC - London-based investor in ‘utility’ meme coins - Expects reverse takeover of Potentially AI to occur on July 13. Confirms that the £10 million acquisition will be satisfied through the issue of 200.0 million shares to Potentially Ltd. ---------- Golden Rock Global PLC - Jersey-registered cash shell - Raises a further £1.0 million from sophisticated investors and issues £1.0 million in principal value of convertible loan notes pursuant to its CLN Instrument. Golden Rock has now completed its fundraising pursuant to the CLN Instrument and has raised a total of £1.5 million. Additionally, says it has undertaken early stage due diligence on SSS Matrix Corp related to its proposed acquisition. ‘The board is pleased with the initial findings of the due diligence process and is currently in the process of engaging further advisors to progress the due diligence and transaction more generally,’ it says. ---------- Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Pretax loss in nine months to December 31 narrows to £1.8 million from £11.0 million in the 12 months to March 31. Administrative expenses decline to £1.3 million from £1.6 million. Looking ahead, says: ‘While maintaining a focus on the [Bougouni Lithium [project in Mali], we continue to evaluate new opportunities in the lithium market, both in West Africa and wider afield.’ ---------- Beacon Rise Holdings PLC - acquisition company - Enters into an advanced subscription agreement with a new investor to raise gross proceeds of approximately £50,000. Proceeds will go towards a portion of the transaction fees associated with its proposed acquisitions and admission. Has raised total gross proceeds of around £600,000 in ASA funds which are pending completion. ---------- Permanent TSB Group Holdings PLC - Dublin-based bank - Irish Competition & Consumer Protection Commission unconditionally clears the recommended €1.62 billion by Austria’s Bawag Group AG, which will acquire Permanent TSB for €2.97 in cash, a 26% premium to the London-listed undisturbed share price of €2.35, before it put itself up for sale back in October. The acquisition and the scheme remain subject to the approval of PTSBGH shareholders, regulatory approval and the sanction of the High Court. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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