(Alliance News) - The following is a round-up of earnings and trading 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 in London on Thursday. Read More
(Alliance News) - Stock prices in London closed largely up on Wednesday, despite hotter-than-expected UK inflation data and more hawkish words from the US Federal Reserve. Read More
(Alliance News) - Scirocco Energy PLC on Wednesday proposed cancelling its trading of ordinary shares on the Alternative Investment Market, noting unsustainable associated associated costs of its listing. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Scirocco Energy PLC - Leeds, England-based investor in energy transition - Receives letter demanding a general meeting from Forest Nominees Ltd, the holder of 79.0 million Scirocco shares on behalf of GP (Jersey) Ltd, about a 9% stake. The meeting is to ask Scirocco "to put in place a strategy to distribute cash proceeds from the sale of assets to shareholders". Last week, Scirocco said it had completed the divestment of its 50% interest in Energy Acquisitions Group Ltd to OrbeNovo Capital, a private equity firm specialising in energy and industrial investments. The sale will bring in a firm net payment of GBP702,000 to Scirocco. Read More
Scirocco Energy PLC - Leeds, England-based investor focused on opportunities in the energy transition market - Completes divestment of its 50% interest in Energy Acquisitions Group Ltd to OrbeNovo Capital, a private equity firm specialising in energy and industrial investments. The transaction has a gross enterprise value of GBP2.6 million before adjustments, as well as a further contingent consideration of up to GBP150,000. The acquisition will result in a firm net consideration of GBP702,000 payable to Scirocco, which the company expects to receive on Wednesday. The GBP150,000 consideration will be paid in tranches, subject to EAG completing the acquisition of certain "target anaerobic digestion sites" in its deal pipeline. Read More
(Alliance News) - Scirocco Energy PLC on Friday said it was "pleased" to hear Reabold Resources PLC will receive a final payment from Shell UK Ltd, adding that it expects an injection of cash to its balance sheet as a result. Read More
Scirocco Energy PLC - investor focused on opportunities in the energy transition market - Chief Executive Officer Tom Reynolds stands down as director of board, effective immediately. He will however remain as CEO until July 12, or an earlier date as agreed by him and Scirocco. Company says stepping down of "only executive" will support its efforts to preserve cash. Expects portfolio to require less active management following approval on Wednesday for Scirocco's sale of its "sole material investment" in Energy Acquisitions Group Ltd, announced in late December. Continues to consider various strategic options including cash distribution, further investments and pursuing a reverse takeover. Read More
(Alliance News) - Scirocco Energy PLC on Thursday said it has agreed to sell Energy Acquisitions Group Ltd for an enterprise value of GBP2.6 million to private equity firm OrbeNovo Capital. Read More
(Alliance News) - Scirocco Energy PLC on Wednesday said it will receive further payment from Shell UK Ltd for Reabold Resources PLC's sale of Corallian Energy Ltd. Read More
(Alliance News) - Scirocco Energy PLC on Tuesday said its chief operating officer has stepped down with immediate effect. Read More
Scirocco Energy PLC - investing company targeting assets within the European sustainable energy and circular economy markets - Completes divestment of its 25% non-operated interest in the Ruvuma asset in Tanzania to ARA Petroleum Tanzania for USD2.5 million. The cash call loan facility provided by APT fully settles by completion, leaving Scirocco with no ongoing associated liabilities. "This is a transformative divestment for Scirocco and we are delighted to have reached this watershed moment for the company," says Chief Executive Officer Tom Reynolds. He adds that the receipt of the initial consideration puts the company on a solid financial footing to explore and evaluate opportunities in line with its strategic focus on energy, circular and vector sectors. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Scirocco Energy PLC on Monday said it received Tanzanian ministerial approval to divest its stake in Ruvuma petroleum sharing contract in south-east Tanzania. Read More
(Alliance News) - The following is a round-up of earning and trading updates by London-listed companies, issued on Friday 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
Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Hires Neil Ritson to be non-executive chair, starting immediately. Ritson replaces Daniel Maling, who steps back from executive chair to executive director. At the same time, Non Executive Director David Ormerod leaves the board to "focus on his other commitments in Australia". Read More