TRADING UPDATES: Poolbeg upsizes offer; Glenveagh backs outlook
22nd May 2025 22:51
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
(Alliance News) - Kibo Energy PLC on Friday announced a corporate restructuring that involves a board overhaul, capital raise and repositioning of the group. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: Read More
Ascent Resources PLC - London-based oil and gas company - 2023 pretax loss narrows to GBP851,000 from GBP41.9 million the previous year. Revenue more than doubles to GBP1.4 million from GBP581,000. Company to develop onshore US gas and helium strategy going forward. Read More
(Alliance News) - Ascent Resources PLC on Friday announced it expects sales of gaseous helium to begin shortly. Read More
Ascent Resources PLC - oil and gas exploration company focused on European onshore projects - Raises around USD1.7 million to help fund investment into a private US holding company, GNG Partners LLC. Notes GNG Partners has been formed to acquire onshore US midstream gas distribution and processing facilities, which use helium purification and liquefaction. Raises GBP555,000 through the issue of 24.1 million shares at 2.3 pence each, with one for three warrants attached exercisable at 140% of the issue price at any time in the next four years. This comprises a GBP390,000 placing and GBP165,000 subscription at the issue price. Further, enters into a new USD2 million senior secured fixed coupon loan facility with institutional investor RiverFort Global Opportunities PCC Ltd. Explains an initial USD1 million loan amount has been issued on a 12-month term. The fundraise and the initial loan will be used to fund the investment into GNG alongside the company's ongoing costs to build out the new strategy. Ascent says it has provided a convertible loan of USD1 million to GNG which has bought the assets of Paradox Resources LLC out of Chapter 11 bankruptcy. Read More
(Alliance News) - Ascent Resources PLC on Thursday said that its subsidiary Ascent Slovenia Ltd filed its claim in the Geoenergo insolvency process. Read More
(Alliance News) - 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: Read More
(Alliance News) - Ascent Resources PLC shares were up on Friday, after a tribunal rejected the Slovenian government's challenge against a EUR656.5 million claim by the company. Read More
Ascent Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Say it was informed that Ascent Slovenia Ltd's Slovenian joint venture partner Geoenergo doo has had its application to enter insolvency approved. Says it is now filing an appeal against the decision of the court in relation to this "unprecedented" situation and will register its claim with the competent court, while "continuing to pursue civil and criminal areas of redress against the former management and stakeholders of Geoenergo". Says further announcements will be made "as necessary". Read More
(Alliance News) - Ascent Resources PLC on Monday said Ascent Slovenia Ltd successfully prevented its Slovenian joint venture partner Geoenergo doo's immediate insolvency. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Ascent Resources PLC on Monday said its joint venture partner Geoenergo doo has started insolvency proceedings in Slovenia, following an arbitration tribunal. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Ascent Resources PLC - European and Hispanic American project-focused oil and gas exploration and production company - Says it is starting process to be able to distribute an entitlement to shareholders to the economic interest in 49% of any net proceeds received if its Energy Charter Treaty claim against Slovenia is successful. The claim relates The net proceeds of the claim by the company and its subsidiary Ascent Slovenia Ltd would be after all legal fees, costs and expenses relating to the claim. As part of this process, says it is creating a new 100%-owned subsidiary as a special purpose vehicle, of which claimants are expected to enter into a deed of transfer in relation to 49% of the net proceeds, if successful. If this vehicle receives tax clearance from HM Revenue & Customs, expects to convene a general meeting to seek shareholder approval for a bonus issue of shares. This is likely to be in January. Says it is finalising tax and legal advice and will maker further announcements "as appropriate". Read More
Echo Energy PLC - Latin America-focused exploration company - Hires "highly experienced geoscientist" Stephen Birrell as new chief executive officer, effective immediately. Birrell is currently a non-executive director at Coro Energy PLC and Live Co Group PLC, and managing director at Ossian Energy Ltd. He served as a non-executive director at Ascent Resources PLC from 2020 to October this year. Echo's current CEO Martin Hull steps down to become a non-executive director, as does Non-Executive Chair James Parsons. Company promotes Christian Yates, another non-executive director, to chair with immediate effect. Yates says Birrell "brings a wealth of technical and commercial experience...we look forward to leveraging his experience as we look to deliver our strategy." Read More