3rd Jun 2026 21:43
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Afentra PLC - Africa-focused oil and gas company - Intends to raise around USD40 million by way of a firm placing, a conditional placing and a retail offer at an issue price of 67 pence per share. Plans to use proceeds to accelerate growth activities and enhance strategic flexibility. Afentra says after talks with shareholders and marketing, it has received indications of interest for the placing in excess of USD40 million. Stifel Nicolaus Europe Ltd is acting as bookrunner in connection with the placing. Chief Executive Paul McDade says: "The proposed equity raise allows Afentra to further accelerate our growth strategy as we enter into the next phase of value creation, deepening our investor share register, and further strengthening our balance sheet. Over the past five years, and without recourse to our shareholders, we have built a robust platform designed to leverage the significant scale of our asset portfolio, both offshore and onshore Angola. Our stated strategy remains on track to more than double our current production by 2028, as well as sustainably increase our reserves and resources through high-impact drilling. We are delighted by the strong support we have received from existing and new investors for the placing and look forward to working with all of our stakeholders in delivering on our next phase of value creation."
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Portmeirion Group PLC - Stoke-on-Trent, England-based ceramics maker and retailer of homeware brands - Intends to raise at least GBP15 million by way of a placing and up to GBP2 million in a retail offer, both priced at 50 pence per share. Proceeds will be used: to transform its balance sheet and facilitate completion of the ABL Facility; to invest in the US Amazon business which has recently been brought in-house; and for a pipeline of small bolt-on acquisition opportunities. Assuming completion of the placing and assuming no proceeds from the retail offer, the board expects that FY26 year-end net debt will be low single digit to mid-single digit GBP million. Any net proceeds from the retail offer will be used to further reduce the FY26 year-end net debt. In addition, the group is pursuing a number of actions and opportunities to enable it to deliver on its near-term target of achieving a net cash position as soon as possible. Shore Capital Stockbrokers Ltd is acting as sole bookrunner in connection with the placing and Shore Capital and Corporate Ltd is acting as nominated adviser to Portmeirion.
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Mkango Resources Ltd - Vancouver-based mining company - HyProMag US LLC, a US-based rare earth magnet recycling and manufacturing company, announces that it has taken occupation of its around 125,000-square-foot Dallas-Fort Worth facility for what is expected to become the company's first integrated rare earth magnet recycling and manufacturing hub in the US. HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp and HyProMag Ltd. Mkango owns 79% of HyProMag Ltd.
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BioPharma Credit PLC - London-based closed-ended investment company focused on the life sciences industry - Together with fully owned subsidiary BioPharma Credit Investments V (Master) LP enters into a new senior secured loan agreement with Mineralys Therapeutics Inc. The company will invest up to USD150 million and BioPharma-V will invest up to an additional USD350 million in parallel, with the company acting as collateral agent. The loan will mature in June 2031.
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Gym Group PLC - London-based gym operator - Hosts a presentation and site visit for a group of investors at its Stockwell and Loughborough Junction gyms. Says it on track to open at least 20 new gyms in 2026 and has confirmed an intention to accelerate expansion plans to around 75 new sites over the coming three years. In addition, plans to refurbish at least 70 existing sites by the end of 2026 and the programme of expansion and investment will continue to be funded from free cash flow.
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Sutton Harbour Group PLC - Plymouth, England-based owner and operator of Sutton Harbour specialising in waterfront regeneration projects and waterfront real estate - Appoints Knight Frank LLP as its property valuer with the company's independent annual property asset valuation now completed with an estimated portfolio value, as at March 31, of GBP45.7 million, down 5.7% from GBP48.5 million the year prior. The valuation comprises owner-occupied operational property assets of GBP26.4 million, down 17% on-year from GBP31.8 million. This has been caused by a reduction to align with the valuation metrics for UK marinas, and does not reflect a deterioration in the condition of the assets, company says. The investment property and development property valuation increases 16% to GBP19.3 million from GBP16.6 million, substantially due to the impact of an uplift in the fixed ground rent in the lease of one of the company's larger properties. In addition, says it completes the sale of North Quay House on Monday with a sale price equal to the estimated valuation of GBP1.3 million. This disposal will permit further reduction of bank debt. Continues to progress interest in the disposal of other selected assets in order to further reduce bank debt and to provide working capital.
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Reabold Resources PLC - London-based oil and gas investment company - Notes the announcement made by Zenith Energy PLC and confirms that it has entered into an exclusivity agreement granting Zenith exclusivity to evaluate the potential acquisition of Reabold's shares in Daybreak Oil and Gas, in which Reabold holds around 42% of the ordinary shares outstanding.
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Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Announces the renewal of its contract with Admiral Taverns for a further five-year term. The renewed agreement covers almost 1,100 sites across the Admiral Taverns estate and will see Vianet continue to provide its Smart Zones Beverage Metrics draught beer monitoring and data analytics solutions. Vianet says the deal provides enhanced long-term visibility of recurring revenues which represent around 88% of group revenue. "The renewal further underpins the board's confidence in the group's recurring revenue profile and medium-term growth prospects," it says. Craig Brocklehurst, chief executive officer, comments: "Long-term partnerships such as this are central to our strategy. They provide strong visibility of future recurring revenues while enabling us to continue investing in innovation, advanced data analytics and AI-driven insights that help customers improve operational performance and profitability."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Afentra Plc.PortmeirionMkango ResourcesBiopharma Cred.Gym GrpSutton Harbour HoldingsReabold ResourcesZenith EnergyVianet Grp