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TRADING UPDATES: Custodian eyes steady dividend as earnings rise

12th Feb 2026 22:33

(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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Lion Finance Group PLC - Tbilisi-based lender formerly known as Bank of Georgia Group - Armenian banking subsidiary Ameriabank CJSC completes a placement of USD50.0 million 8.5% perpetual subordinated callable additional tier 1 capital notes. The initial subscription period was from February 2 to May 29 but "the offering has already been fully subscribed, demonstrating exceptionally strong investor demand." Notes are denominated in USD with a face value of USD10,000 each and a perpetual term, with an option for Ameriabank to call them for early repayment after the fifth year. The 8.5% coupon rate is payable semi-annually. "The swift subscription underscores investor trust and is a testament to the strength of [Ameriabank's] wealth management franchise and distribution capabilities," says Lion's Chief Executive Archil Gachechiladze. "This issuance enables Ameriabank to create capital buffers, reinforcing its flexibility to pursue further growth and deliver on its strategic objectives."

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Renewables Infrastructure Group Ltd - Guernsey-based renewable energy investor - Secures private debt placement of GBP200 million in fixed-rate loan notes through its corporate subsidiary, The Renewables Infrastructure Group (UK) Investments Ltd. Says the initial target was GBP150 million, but it was able to upsize, and to secure more competitive pricing, due to "significant over-subscription". Notes comprise a GBP100 million sterling tranche and a EUR115 million euro tranche, which it says reflect the diversified nature of the underlying portfolio across the UK and Europe. Company intends to use the proceeds to reduce the existing drawings under its GBP500 million revolving credit facility, which amounted to GBP398 million as of December 31, to around GBP200 million. Says the notes extend its debt maturity profile by converting the equivalent drawing on the RCF into a longer, amortising tenor and fix the all-in interest rate cost at a level consistent with that currently payable on the RCF, with a 5.23% weighted average interest rate. Maturity date is February 2038, and the notes amortise in equal instalments of GBP20 million every six months from August 2033.

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Fermi Inc - Amarillo, Texas-based real estate investment trust, operating as Fermi America - Expands its strategic partnership with Hyundai Engineering & Construction Co Ltd "to help restart large-scale nuclear construction" in the US. Partnership includes ongoing front-end engineering design work supporting four AP1000 units planned for Fermi America's Project Matador 11-gigawatt private energy campus. Says it participated in in Hyundai E&C's Large-Scale Nuclear Technology Seminar on Tuesday to "engage Texas and national contractors, strengthen supply chain readiness, and align industry partners around the execution demands of next-generation nuclear development." Adds that Matador represents a critical opportunity to restart American nuclear build capability at scale.

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Custodian Property Income REIT PLC - Leicester, England-based real estate investment trust - Approves 1.5 pence per share dividend for the third quarter ended December 31, in line with its target of at least 6.0p for the year ending March 31, unchanged from the year before. EPRA earnings per share increase 13% on-year to 1.7p in the third quarter from 1.5p, "due primarily to the receipt of a surrender premium on an industrial property in Hamilton". Eatimated rental value increases 0.5% life-for-like, with ERV increasing to GBP52.0 million from GBP51.9 million. "Based on our track record and strong occupier demand for space, we expect to capture this potential rental upside at (typically) five-yearly rent reviews or on re-letting, while continuing to drive passing rent and ERV growth further through asset management initiatives," Custodian says. Net asset value total return per share is plus 2.4%, and NAV per share increases to 99.8p from 98.9p at September 30.

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Griffin Mining Ltd - London-based mining investor focused on China - Commences gold production in Zone 3 of the Yuan Long orebody at the Caijiaying Mine, "marking the transition into sustained gold production from gold only stopes." Says gold is established as a recurring feed source to the processing plant as initial stopes are contributing approximately 5-10% of total daily Caijiaying Mine production. Says the orebody remains open to the south and at depth, and plans further diamond drilling and underground development to expand the production footprint. Continues to "materially expand the contained gold of the YL system whilst also defining a new, high‑grade, Fu Long ("FL") feeder system" through ongoing drilling. Believes this system could provide avenues for near‑term growth and longer-term resource expansion. Adds that drilling continues to return high‑grade gold intercepts at mineable widths, showing "the robust grade, thickness and continuity of the YL gold system". Says this confirms strong continuity along strike and down‑plunge and supporting ongoing stope development and resource growth.

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Polar Capital Holdings PLC - London-based specialist active asset manager - Non-Executive Director Win Robbins and Antony Solway, a person closely associated with Robbins, sell 9,985 shares at an average of 622.61p each in two transactions, both on Thursday in London.

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Mountview Estates PLC - London-based real estate developer - Sinclair Estates Ltd, a company controlled by Mountview Chief Executive Officer Duncan Sinclair, buys 875 shares at GBP87.50 each. His spouse, Corrine Sinclair, buys 175 shares at the same price. Both transactions, buying 1,050 shares in total, were completed on Wednesday in London.

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New Frontier Minerals Ltd - Australia-focused critical minerals explorer - Enters into a binding option and staged earn-in agreement to acquire up to a 90% interest in the Pomme rare earth element and niobium project in Quebec from Metallium Ltd. Says the deal requires upfront consideration of AUD100,000 in cash and AUD200,000 in shares, with further milestone payments and minimum expenditure commitments to earn a majority stake. Adds that initial work focuses on metallurgical studies and the application of Metallium's flash joule heating technology. The project hosts historical drill intercepts including 398 metres at 0.54% total rare earth oxides. "The earn-in structure provides a capital-efficient pathway for growth, while early integration of Metallium as processing and technology partner further enhances the opportunity," Chair Gerrard Hall comments. "The board believes Pomme's scale, location and upside strongly position NFM to deliver meaningful shareholder value."

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Strategic Minerals PLC - London-based mineral producer - Reports positive assay results from drillhole CRD037 at its Redmoor tungsten-tin-copper project in Cornwall, confirming the presence of a sheeted vein system and continued high-grade mineralisation within a high-priority section of the exploration target. Hole intersects a continuous mineralised zone of 51.30 metres at 0.11% tungsten oxide, 0.13% tin and 0.40% copper, including higher-grade intervals like 2.06% tungsten oxide over 0.85 metres and 2.00% tin over 0.53 metres. Says the results support inclusion of the section in a forthcoming mineral resource estimate update and highlight potential to convert additional exploration target tonnage into mineral resources, subject to further drilling and modelling.

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CleanTech Lithium PLC - Chile-focused lithium explorer - Says its special lithium operating contract, or CEOL, application for the Laguna Verde project remains under review by the Chilean government. CEO Ignacio Mehech "has held several constructive meetings with the Ministry of Mining" since the application's submission in January. Says it remains confident in meeting the government's criteria, "and will update the market as soon as it has any definite information to announce." Chief Financial Officer Gordon Stein, who as announced on August 11 was due to step down and leave the firm on Wednesday, has been engaged under a consulting agreement initially until the end of June, and currently stays on as non-board CFO. Says this is to maintain continuity and momentum as it enters a new phase, working with financial advisor Cutfield Freeman & Co, to identify and secure a strategic partner to fund the next stage of project development. Stein will be leading these activities.

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By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Bank Of Georgia GroupFermi IncCust Prop IncGriffin MiningPolar CapitalMountview Est.New Frontier MineralsRenewables Infrastructure GroupStrategic MineralsCleantech Lithium
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