EARNINGS: Katoro Gold pretax loss narrows; Ondine Biomedical sales up
30th Sep 2024 13:43
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(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
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Announces that the UK Financial Conduct Authority has approved the regulatory change of control applications made by Pathlines Holdings Ltd over the latter's acquisition of self-invested personal pension companies. Says the acquisition remains subject to the satisfaction or waiver of other conditions, including regulatory conditions. Also notes Jambo SRC Ltd has submitted regulatory change of control applications to the Gibraltar Financial Services Commission and the Malta Financial Services Authority over its acquisition of STM. Says these applications continue to progress. In December, STM shareholders voted in favour of the takeover, with the company expecting it would become effective in the second quarter of 2024. Read More
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says revenue for 2023 is GBP28.0 million, ahead of market expectations, as a result of higher than forecasted interest income. This is a 6.7% increase from GBP24.1 million a year ago. Adds that it incurred costs related to the acquistion of by Jambo SRC, as well as an additional GBP700,000 of exceptional costs. "These exceptional costs relate to the write down of certain non-cash items relating to the disposals of the companies and trust services subsidiaries in 2021," STM explains. Read More
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says the majority of shareholders vote in favour of takeover by Jambo SRC Ltd. Says it will become effective in the second quarter of 2024. Read More
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Agrees to takeover offer from Pension SuperFund Capital. The offer includes 60 pence per share in immediate cash and 7p in deferred consideration. The combined 67p matches the price at which STM previously had received undertakings from some shareholders to accept an offer. In total, 36% of STM shareholders have accepted the offer already. It values STM at up to GBP39.8 million. London-based Pension SuperFund helps UK companies to fund their defined-benefit pension schemes, offering pension risk transfers. STM offers workplace pensions and self-invested personal pension schemes. The acquisition will be conducted as a court-sanctioned scheme of arrangement, which is expected to become effective in the first half of 2024. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
STM Group PLC - London-based cross border financial services provider - Extends interim Chief Financial Officer Therese Neish's contract until December 31. Neish rejoined STM as interim CFO on a 12-month contract in early October 2022, replacing former CFO Nicole Cole. She previously served as CFO from January 2014 until October 2021. STM had announced in early May that the process to find Neish's successor was underway and that she was expected to resign from the board on or around July 1. Company gives no reason for the extension. Read More
STM Group PLC - London-based cross-border financial services provider - Receives irrevocable undertakings to vote in favour of the revised offer from Pension SuperFund Capital in respect of 29% of its share capital, subject to an offer of no less than 67 pence in cash being made by September 27. Also receives letter of intent to vote in favour of the offer in respect of 3.4% of its share capital on the same condition. Read More
STM Group PLC - London-based cross border financial services provider - Notes UK Takeover Panel has extended the deadline for a 'put-up-or-shut-up' takeover offer from Pension SuperFund Capital GP II Ltd as general partner of Pension SuperFund Capital Reserve LP. Says the deadline has now been extended to September 27 from Friday for Pension SuperFund Capital to either announce a firm intention to make an offer or that it does not intend to make an offer. Says Pension SuperFund Capital is in the late stages of securing credit committee approval from its lending bank for a new credit facility, which would enable both parties to complete the further work required for Pension SuperFund Capital to make an offer. STM also says it is in the process of discussing irrevocable undertakings to vote in favour of the offer from certain shareholders. This would be on the basis that credit committee approval is received from Pension SuperFund's lending banker. Read More
STM Group PLC - London-based cross border financial services provider - Reaches agreement in principle with PSF Capital GP II Ltd as general partner of PSF Capital Reserve LP over a possible offer for all company shares at a price of 70 pence each. PSF provides pension savings and pension risk transfers. Says offer conditional on disposal of certain parts of the group that are "non-core" to the strategy of PSF. This was after reaching the deadline for an announcement of a potential intention of a takeover offer. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - STM Group PLC on Tuesday again extended the deadline for an announcement of a potential intention of a takeover offer by PSF Capital GP II Ltd, as general partner of PSF Capital Reserve LP. Read More
(Alliance News) - STM Group PLC on Tuesday extended the deadline for an announcement of a potential intention of a takeover offer by PSF Capital GP II Ltd, as general partner of PSF Capital Reserve LP. Read More
(Alliance News) - Stock prices in London closed largely higher on Tuesday, despite the FTSE 100 spending most of the day in the red, weighed down by a UK jobs data-boosted pound. Read More
(Alliance News) - Stock prices in London were mixed at midday on Tuesday, while the pound was stronger, lifted by hotter-than-expected UK pay growth. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors digested conflicting UK unemployment data. Read More