7th Jul 2026 01:07
(Alliance News) - - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Atlas Metals Group PLC - London-based metal products manufacturer - Provides update on its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd. Company says it is targeting completion of the acquisition of UPSA, a London-based construction materials firm, by the end of the third quarter or beginning of the fourth quarter of this year. Company intends to appoint Robert Ober, chair of the UPSA advisory board, as a strategic advisor to the board of Atlas upon completion of the proposed acquisition.
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Johnson Matthey PLC - London-based chemicals company and Honeywell Technologies Inc - Charlotte, North Carolina-based electronics manufacturer - Agree on sale date of Johnson Matthey's Catalyst Technologies business unit to Honeywell for GBP1.33 billion. The two companies have agreed to complete the transaction by July 17, following an earlier agreement dating to May 2025. Company has pledged to return around GBP1.0 billion of sale proceeds to shareholders following completion. This will comprise GBP800 million through a special dividend with share consolidation and GBP200 million via an on-market share buyback programme.
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CelLBxHealth PLC - Guildford, England-based biotechnology company - Chief Executive Officer Peter Collins to step down as the company board begins the search for a new CEO. Jan Groen, company executive chair, will continue in her role. "Nothing fundamental has changed within the core of our business: we remain focused on disciplined execution and converting our commercial pipeline into sustainable revenue growth," notes Groen.
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Seascape Energy Asia PLC - London-based offshore energy services company - Executive Chair James Menzies will take a medical leave-of-absence following a cycling accident. In his absence, an initial three-month period pending Menzies' recovery, Geraldine Murphy has been appointed interim non-executive chair effective immediately. Murphy currently serves as senior independent director, having joined the company in 2024. "Our thoughts are with James and his family and we wish him a full and speedy recovery. I look forward to continuing to work closely with the Seascape executive team to deliver the significant value in our Malaysian portfolio", says Murphy.
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Valereum PLC - Manchester, England-based digital asset infrastructure firm - Updates on its ongoing digital infrastructure partnership with Quorium Global Photonics SP. Company says its VCORE+ tokens have been issued on the XRP Ledger, currently subject to liquidity testing with market value determination still ongoing. "Whilst the Company acknowledges the progress...the associated operational deliverables have not been completed within the agreed timeframe in accordance with the Definitive Agreement," says the company, referencing its April agreement with QGP. Adds James Bannon, chair of Valerium: "Until the company is satisfied that the agreed funding, verification and liquidity provision thresholds have been met, the shares and warrants held by QGP will remain locked up."
By John Robaina, Alliance News reporter
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Atlas Metals Group PLCJohnson MattheyCellbxhealthSeascape Energy