7th Oct 2026 18:29
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Beacon Energy PLC - Germany-focused upstream oil & gas company - The long stop date for its proposed acquisition of a further 24% stake in LNEnergy from Reabold Resources PLC has passed without an extension. The company acquired its initial holding in March. Notes its share purchase agreement with Reabold Resources PLC "remains in full force and effect". Chief Executive Stewart MacDonald says: "Our focus remains on the successful delivery of the Colle Santo project". Well testing operations are anticipated to commence in the coming weeks. If the second acquisition does not complete, Beacon and Reabold will each retain an indirect interest of 24% in LNEnergy, with each party responsible for funding its pro rata share of future costs and the earnout payable to Reabold reduced proportionately. Colle Santo has estimated gross proved plus probable reserves of 73.3 billion standard cubic feet.
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Proven VCT PLC and ProVen Growth & Income VCT PLC - venture capital trusts - Proven VCT allots 1.5 million shares at an average price of 61.51 pence, pursuant to the offer for subscription that opened in November. The price per share is based on the latest net asset value of 59.5p, being the NAV per share as at May 31 adjusted for the dividend of 1.6 pence paid in August. ProVen Growth & Income allots 952,368 shares at 47.94 pence. The price per share is based on the latest net asset value of 46.3p, being the NAV per share at May 31 adjusted for the dividend of 1.3p paid in August.
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Albion Crown VCT PLC - venture capital trust that invests in smaller, unquoted growth businesses - Net asset value per share falls to 29.29 pence at June 30, from 30.33p a year ago. In the year to June 30, pays a total dividend of 1.51 pence, down from 1.59p in 2025. Declares first dividend of 0.73p for financial 2027. For the current year, it says it "remains confident" despite the "difficult macroeconomic backdrop".
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Quantum Blockchain Technologies PLC - London-based blockchain research and development - US Patent and Trademark Office has issued a patent covering the company's [Application-Specific Integrated Circuit] Ultra Boost technology. The EU counterpart remains under examination at the European Patent Office. Says it is now pursuing monetisation of the technology and its wider patent portfolio through licensing and other commercial arrangements with ASIC manufacturers. Chair & CEO Francesco Gardin says: "The grant of this US patent turns ASIC Ultra Boost into an enforceable intellectual property asset. Our hardware analysis confirms that the technology delivers measurable savings in the silicon area within the SHA-256 message scheduler, at the heart of every Bitcoin mining ASIC. We are now focused on converting this asset into value for shareholders through engagement with the industry."
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Serval Resources PLC - London-based metals exploration and development company - Announces assay results received from ALS Laboratories for surface grab samples collected during the company's recently completed geological mapping programme across EPL 7081 in the Kaoko Basin, Namibia. Records best individual result of 37.8% copper and 573 g/t silver, representing 45.49% copper equivalent. Additionally, multiple samples return grades in excess of 10% copper-equivalent, collected across six prospects. Also announces the delineation of a new copper mineralisation prospect, named Okamborombonga. The total number of confirmed copper prospects in Serval's Kaoko Basin portfolio is now 13. Results will be used to prioritise and refine drill targets ahead of the company's maiden diamond drilling programme, planned to commence in the fourth quarter. CEO Robin Birchall says: "This is an excellent set of results from our first systematic sampling campaign, whereby surface grab samples were collected quickly and cost-effectively during routine geological mapping. It is encouraging that the samples have returned grades of this quality across multiple prospects and over a significant strike length, showing us signs of a large fertile mineralised system, rather than an isolated occurrence. We are fortunate to have multiple targets across our licence package and we are therefore continually working on prioritising and ranking our prospects and targets. These results give us the data needed to establish where best to focus our follow-up work and will directly inform target selection for our maiden drilling programme, planned to commence in the fourth quarter of this year."
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Molten Ventures VCT PLC - London-based investment company - Publishes offer document relating to an offer for subscription which seeks to raise GBP10 million, with an over-allotment facility of up to GBP20 million, for a maximum of 80 million new ordinary shares.
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Amaroq Ltd - Greenland-focused mining company - Non-executive director Graham Stewart sells 1.0 million shares at 121.5 pence each in London on Tuesday. Worth total GBP1.2 million. The company joins the FTSE 250 on Thursday.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Quantum BlockServal Resour.Albion CrownProven VctProven GrowthBeacon Energy.Molten VenturesReabold ResourcesAmaroq Minerals