9th Jul 2026 13:35
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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capAI PLC- company focused on artificial intelligence systems for media and medicine - Extends its licence and option agreements with R42 Group for its Author42, Movie42 and Gamers42 AI platforms until July 2027, giving it more time to develop and commercialise the products. The firm retains the option to acquire the intellectual property for each platform for GBP2.0 million, with all other terms unchanged. The company says the extension supports its capital-efficient strategy, while stressing there is no guarantee it will exercise the purchase options. The amendments relate to agreements with R42, a venture capital firm founded by Executive Chair Ronjon Nag, who recused himself from the board's approval process due to the related-party nature of the transaction.
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Kazera Global PLC - London-based investor in early-stage mineral projects in Africa - Says its South African subsidiary Whale Head Minerals has secured a fully funded long-term partnership with South Africa AT Investments to develop its flagship heavy mineral sands project. Under the agreement, the Chinese-backed partner will fund all capital expenditure, operating costs and infrastructure, while Whale Head retains a cost-free 20% share of heavy mineral sands production for the life of the mine. Kazera will also receive a USD750,000 advance payment once the agreement becomes effective and a further USD1.75 million upon the grant of the 2A mining right. The company targets first production by the end of 2026 and says the deal significantly reduces its funding requirements while creating the potential for substantially higher production and additional benefits for its diamond business.
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TruFin PLC - London-based holding company of three growth-focused technology businesses operating in early payment provision, invoice finance, and mobile games publishing - Proposes returning GBP80 million to shareholders following the sale of Playstack, comprising a tender offer of up to GBP56.8 million and a special dividend of at least GBP23.2 million. The tender offer is priced at GBP1.40 per share, a 4.9% premium to Wednesday's closing price, with shareholders entitled to tender up to 43.1% of their holdings. The company said its largest shareholder, Watrium, will not participate, increasing its stake above 30%, and is therefore seeking shareholder approval for a Takeover Code waiver. TruFin will ask shareholders to approve the proposals at a general meeting on July 27.
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Alien Metals Ltd - London-based mining firm focused on Australia - Says drilling at the Elizabeth Hill project in Western Australia has identified a new high-grade silver zone below and south of the historic mine workings. The company, which holds a 30% interest in the project through its stake in joint venture partner West Coast Silver, highlighted diamond drilling results including 3 metres at 524 grams per tonne of silver, including 1.5 metres at 1,039g/t. The programme also intersected nickel, copper and palladium mineralisation, while reverse circulation drilling extended broad near-surface silver mineralisation beyond the maiden resource estimate. Further drilling results are expected through July and August.
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GRIT Investment Trust PLC - invests in small and mid-cap natural resources and mining companies - Terminates its proposed reverse takeover of Nabirm Global, ending a transaction first announced in August 2025. The company said its board is now considering alternative options, including a possible acquisition in the resources sector, and will provide an update in due course. Trading in GRIT's shares will remain suspended.
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B Hodl PLC - Douglas, Isle of Man-based company focused on bitcoin accumulation - Launches a share buyback programme, saying its shares trade at a discount to net asset value and do not reflect the value of its bitcoin treasury or long-term prospects. The initial tranche will repurchase up to GBP100,000 of shares under existing shareholder authority, alongside the company's existing at-the-market equity programme. B HODL said any repurchased shares will be cancelled and expects the buyback to be accretive to net asset value and increase bitcoin exposure per share for remaining shareholders.
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Foresight Environmental Infrastructure Ltd - environmental infrastructure investor across the UK and Europe - Says Chris Tanner will step back as co-lead manager as he takes up a new role within Foresight Group. Existing co-lead managers Ed Mountney and Charlie Wright will continue to oversee the company's day-to-day management and strategy. Tanner has been part of FGEN since its 2014 initial public offering and helped build its environmental infrastructure portfolio and deliver more than a decade of uninterrupted dividend growth.
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By Eva Castanedo, Alliance News senior economics reporter
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CapaiKazera GlobalTrufin PlcAlien MetalsGrit Inv TstForesight Envr