11th Aug 2026 19:39
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Capricorn Energy PLC - Edinburgh-based fuel producer - Cafani Group's Alamadiyaf al-Masiyyah For Trading Company Ltd, and Samos Energy Ltd, separately announced they do not intend to make offers for Capricorn ahead of the shareholder meeting on August 18 to approve Capricorn's recommended all-cash takeover by Genel Energy No.9 Ltd. "The Board continues to believe the offer from Genel provides Capricorn shareholders with an opportunity for immediate realisation of future value potential in cash at an attractive premium to the closing price per Capricorn share of 266 pence on the undisturbed date, and therefore reiterates its recommendation that Capricorn shareholders vote in favour of the offer from Genel at the shareholder meetings," Capricorn says.
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Cordel Group PLC - London-based transport corridor analytics platform - Announces court order sanctioning the acquisition scheme by Vossloh AG. In July, Cordel agreed to be acquired by Werdohl, Germany-based railway infrastructure company Vossloh. Vossloh is set to pay 12.4 pence in cash for each Cordel share held, valuing the company at around GBP29 million on a fully-diluted basis. Scheme is expected to become effective on August 13, with the last day of dealings in Cordel shares to be August 12.
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Distil PLC - London-based owner of drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, and Blavod Black Vodka - Says audit of its financial statements for the year ended March 31 is "near completion but has yet to be finalised." Expects to publish the report before September 30.
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Empyrean Energy PLC - oil and gas development firm focused on the Duyung production sharing contract offshore Indonesia - Conrad Asia Energy Ltd and its subsidiary West Natuna Exploration Ltd, operator of the Duyung PSC and the Mako Gas Field in Indonesia, receive approval from Indonesia's Ministry of Energy and Mineral Resources for the transfer of Empyrean's 8.5% participating interest in Mako. Back in February, Empyrean entered into binding documentation for settlement of historical cash call arrears with Conrad. Empyrean, Conrad and WNEL then executed a detailed shareholders agreement which governs the ongoing relationship between Conrad and Empyrean moving forward and also defines Empyrean's participation in the Mako Project within a special purpose vehicle, WNEL Holdings. Under these agreements, Empyrean is entitled to 8.5% of all cash payments to WNEL including revenue from gas sales from Mako. Additionally. Conrad is awaiting MEMR approval on the farm-down of 75% participating interest to Nations Petroleum Natuna Barat, which is expected in the coming weeks. This final approval will trigger a cash payment of USD5.0 million to WNEL, the first instalment of the agreed upfront cash consideration of USD16 million under the farm-out. This is to be followed by a USD4.0 million payment to WNEL. A final payment of USD7.0 million will be paid to WNEL upon first production, targeted for late 2027.
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Orosur Mining Inc - South America-focused minerals explorer and developer - Says the impact of the recent earthquake in Colombia has been minor with no major damage or any injuries. "We do not currently foresee any issues that would delay operations," Orosur says. The company's operations in Anza are 200 kilometres from the epicentre of the earthquake.
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Secure Property Development & Investment PLC - South eastern Europe-focused commercial property investor - Updates on the proposed transaction with AdvEn Industries Inc and AdvEn Inc UK Ltd. SPDI has provided loan financing to AdvEn comprising an initial secured loan of GBP250,000, previously increased to GBP295,000, and a second secured loan of GBP250,000. SPDI has agreed to extend the loan terms to October 31 in consideration for an additional fee of GBP25,000 on each loan.
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Fevara PLC - Carlisle, UK-based animal feed manufacturer - Disposes of Chirton Engineering Ltd, its sole remaining engineering business, to UK-based engineering firm Deca Group for GBP650,000 on completion, with a further GBP200,000 deferred over two years. Chirton was the sole remaining business within Fevara's Engineering division, the majority of which was disposed of in April 2025. "This disposal marks the completion of the group's strategic review to refocus and streamline the organisation. The group is now entirely focused on delivering its long-term strategy as an international livestock specialist underpinned by its core strategic pillars, aiming to drive disciplined, sustainable growth and enhance returns for shareholders," Fevara says.
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Mercantile Ports & Logistics Ltd - operator and developer of a port and logistics facility in Navi Mumbai - Updates following the hearing before the National Company Law Tribunal, Mumbai Bench on August 7 in relation to the corporate insolvency resolution process of Karanja Terminal & Logistics Private Ltd. At the hearing, counsel for MPL commences its substantive submissions by setting out the chronology surrounding KTLPL's one time settlement process and the subsequent involvement of Prudent ARC Ltd. "MPL's counsel submitted that this chronology demonstrates that Prudent was permitted to intervene while KTLPL's OTS remained in force, notwithstanding that KTLPL had successfully completed the lender-led Swiss Challenge process, had been declared the successful bidder and had made substantial payments pursuant to the OTS. The Company continues to maintain that this was a clear breach of the agreed process," company says, adding: "Counsel further submitted that the sequence of events, including the subsequent termination of the OTS and changes to the process which followed, supports MPL's longstanding contention that the process was deliberately frustrated and ultimately operated to favour another party." The next hearing is scheduled for August 14.
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Beacon Rise Holdings PLC - acquisition company - Concludes that its GBP950,000 proposed acquisition of Ergotec Health LLP would not be in the best interest of shareholders. Terminates discussions in relation to the acquisition. Says it remains committed to finalising due diligence in relation to its proposed acquisition of Dr Kerry Sissins Chiropractor Ltd. "The board intends to create an integrated physical healthcare services provider that is expected to provide physiotherapy, chiropractic and sports rehabilitation services to patients in the United Kingdom," Beacon says. Shares remain suspended.
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By Aidan Lane, Alliance News reporter
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Related Shares:
DistilEmpyreanOrosur MiningSecure PropFevaraMercantile Ports & LogisticsCapricorn Energy PLCBeacon RiseCordel Group