We may be due some fresh messaging from Tirupati Graphite (TGR), the specialist graphite producer, as it announced the appointment of FTI Consulting as its retained Public Relations and Financial Communications Adviser. Tirupati said it is looking for FTI to support its continued journey as a public company listed on the London Stock Exchange.
By Zak Mir
Things are moving forward at Poolbeg Pharma (POLB), a clinical-stage infectious disease pharmaceutical company, provided an update on the clinical development progress of its lead asset, POLB 001. The company said it intends to commence the Phase Ib human challenge study of POLB 001 in June 2022, as it specialises in bacterial HCS’s while former parent company, Open Orphan (ORPH) is a viral HCS leader. POLB has signed a Letter of Intent to retain the Centre for Human Drug Research to run the challenge study and signed an agreement with SEDA Pharmaceutical Development Services for drug formulation services. A vendor has also been selected for GMP* manufacturing of POLB 001.
I3 Energy (I3E) was also beefing up its service providers. The independent oil and gas company with assets and operations in the UK and Canada, said that it has appointed Stifel Nicolaus Europe Limited as a joint corporate broker alongside Tennyson Securities and WH Ireland Limited, who is also the Company’s Nominated Adviser.
Yesterday, BrandShield Systems (BRSD), the cybersecurity solutions to online threat hunting specialist, noted the announcement made by Boanerges Limited to acquire the business, assets and name of WeShop Limited, pursuant to an asset purchase agreement with WeShop Limited. This has also been approved by WeShop Limited’s shareholders. BrandShield currently holds 508,809 shares in WeShop Limited, representing 10.5% of WeShop’s current issued share capital. With Boanerges shares indicated to soar in the wake of the deal, there may be a significant positive read across to BrandShield shares given that it is a decent holder of WeShop.
We kind of had an inkling as to why shares of Abingdon Health (ABDX), the developer and manufacturer of high quality and effective rapid tests rocketed yesterday. Clearly some traders have clairvoyant powers in anticipating the company’s preliminary results for the year ended 30 June 2021. Revenue hit £11.6m (2020: GBP5.2m), representing growth of 123%. Excluding Department of Health and Social Care revenues, revenues increased by 138% to £6.5m compared with the previous financial year.
CyanConnode Holdings (CYAN), the Narrowband Radio Frequency Smart Mesh Networks group, announced the formal opening of their new Corporate Office and IoT Innovation Centre in India. The IoT Innovation Centre, and builds on CyanConnode’s 3rd generation Omnimesh IoT architecture and will cater to the country’s requirement of deploying 250 million smart prepaid meters – so quite a market out there.
Blackbird (BIRD), the technology licensor of a cloud native video editing platform, revealed that it has won the ‘Best Tech Company 2021 Award’ at the SportsPro OTT Awards. SportsPro, said: “This award recognises the company that’s driving the growth and disruption of the sports OTT industry via the use of technological innovation.”
Mirriad (MIRI), the in-content advertising company, announces a partnership with CANAL+ Brand Solutions to launch a new premium advertising offer. CANAL+ Brand Solutions is now offering advertisers the use of the Mirriad platform to insert products or brands dynamically and seamlessly into finished video content.
Tertiary Minerals (TYM) provided a strategic and operational update and details of an updated Investor Presentation. The company also said that further to its announcement of 2 August 2021, its 96% owned Zambian subsidiary, Luangwa Minerals Limited, will exercise its option with Mwashia Resources Ltd to enter into agreements to acquire up to a 90% joint venture interest in the four additional Large Exploration Licences held by Mwashia. These are licence numbers 27065-HQ-LEL (Lubuila), 27066-HQ-LEL (Mukai), 27067-HQ-LEL (Konkola West) and 27068-HQ-LEL (Mushima North). Tertiary is already earning up to a 90% interest from Mwashia in licence number 27069-HQ-LEL at Jacks.
Crypto miner Argo Blockchain (ARB), announced the closing of its SEC-registered public offering of $40.0 million aggregate principal amount of 8.75% Senior Notes due 2026. The Notes are expected to begin trading on Nasdaq under the symbol “ARBL” following the closing date of this offering.
Roquefort Investments (ROQ), the medical biotechnology sector investor, has now entered into a conditional share sale and purchase agreement with Provelmare Holding S.A. Roquefort Investments has agreed to acquire the entire issued share capital of Lyramid Pty Limited for an initial consideration of £1 million payable 50% in cash and 50% in shares.
One of the juicier events in the world of RNSs is when there is an acknowledgement of media speculation. Playtech (PTEC) said it notes the recent media speculation in relation to a further possible offer for the Company. The Board of Directors of Playtech confirms that on 5 November 2021 the Company received a preliminary approach from JKO Play Limited seeking access to certain due diligence information, in order to explore terms on which an offer for all of the issued and to be issued share capital of Playtech might be made. “The Board further confirms that JKO has been provided with access to due diligence information for this purpose. Discussions with JKO are at an early stage and ongoing. As such, there can be no certainty that JKO’s approach will result in an offer for the Company, nor as to the terms on which any offer might be made.”
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