8th Oct 2026 10:59
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Alternative Income REIT PLC - real estate investment trust focused on specialised alternative property sectors - Glenstone REIT PLC holds or has received valid acceptances of its takeover offer for AIRE covering 65.4 million shares, or approximately 81.26% of AIRE's issued share capital. Follows Glenstone's announcement in late September that it has crossed the 75% threshold needed to render the offer unconditional, and that it will proceed with delisting AIRE. Glenstone says that depending on the ultimate level of acceptances it receives, it plans to either exercise statutory squeeze-out rights and purchase remaining AIRE Shares on a compulsory basis, or apply for AIRE to be admitted to trading on The International Stock Exchange, which is based in Guernsey. Its offer "remains open to acceptances until further notice." Glenstone adds: "AIRE shareholders who have not yet accepted the offer are strongly encouraged to do so at their earliest convenience before they lose the opportunity to receive the 70 pence in cash per AIRE share available under the offer."
----------
Mercantile Ports & Logistics Ltd - operator and developer of a port and logistics facility in Navi Mumbai - Announces that the final oral submissions in connection to proceedings related to the Karanja Port were made on September 24. Says its submissions "set out its case that Prudent ARC effectively colluded with the lenders" to prevent the completion of Mercantile's one-time settlement, and that Prudent "worked collusively with the lenders through a process intended to transfer the asset to a predefined party." "During the hearing, MPL's legal counsel made clear that the company was never provided with a genuine and bonafide opportunity to pay the outstanding debt and retain the asset that it financed, developed and built," the firm adds. "MPL maintains that this conduct, and the repeated obstruction of its attempts to repay the debt in full, has destroyed the sanctity and credibility of the process." Says that India's National Company Law Tribunal has called on all parties to file written submissions by Thursday. Expects a judgement on its challenge to "the arbitrary rejection" of its prior '12 A' proposal "soon thereafter following completion of that process". Company further comments: "Had the lenders provided a clear and enforceable mechanism through which payment could be made, the outstanding debt would have been paid by now. Instead, the company has been forced to contest a process lasting more than a year while repeatedly seeking the opportunity to repay the lenders in full."
----------
eEnergy Group PLC - London-based green energy services provider - Says its retail offer has conditionally raised gross proceeds of around GBP2.0 million, so it will issue 652.9 million shares at the issue price of 0.3 pence each. Combined with the placing and subscription announced on Friday, eEnergy says it has conditionally raised around GBP8.3 million, through issuing 2.76 billion new shares at the issue price. "Approximately GBP4.0m of the funds will be used to pay overdue trade creditors and the balance after costs will be used to fund net working capital," says Chair John Samuel. Company says the retail offer is conditional upon the passing of certain resolutions at a general meeting, which eEnergy has scheduled for October 23. Expects dealings in the retail offer shares, once they are admitted to AIM, to commence at the London open on October 26.
----------
Earnz PLC - Cheltenham, England-based energy services company focused on global decarbonisation - Retail offer raises GBP143,494 through the issue of 3.6 million shares at 4p each. Fundraising has in total raised gross proceeds of GBP4.9 million. Expects dealings in the retail offer shares, placing shares, initial consideration shares and fee shares to commence on AIM at the market open on or around October 20, and no later than October 23.
----------
Avacta Group PLC - London-based clinical-stage biopharmaceutical company - Says it has conditionally raised gross proceeds of GBP12.5 million through the placing of 17.4 million shares, and directors' subscriptions for 970,587 shares, at 68p each. The issue price represents a roughly 5.6% discount to Avacta's closing mid-market price of 72p per share on September 29, the last trading day before the start of its capital access window, which closed on Tuesday. "Avacta has made considerable progress through 2026...This fundraise demonstrates tremendous confidence in Avacta and in our pre|CISION platform's ability to expand the reach of highly potent cancer treatments that have been limited by toxicities," comments Chief Executive Christina Coughlin. "It extends our cash runway into Q2 2027 and funds the Company through multiple value inflection points with transformative potential. Most notably, we anticipate the first clinical efficacy data for AVA6103 in H1 2027, as well as the selection of a clinical candidate for our dual-payload program AVA6207 this quarter, ahead of progression towards IND-enabling studies. The fundraise also strengthens our partnering position as we continue to pursue discussions to maximise the value of our pipeline assets."
----------
BP Marsh & Partners PLC - London-based investor in early stage and small to medium-sized financial services intermediary businesses - Acquires a 30% equity interest, "for a nominal consideration," in newly-formed London Market underwriting agency Dauntless U/W Ltd. Says it has also provided Dauntless, which specialises in marine hull insurance, with a GBP2.0 million loan facility. Dauntless' underwriting is focused on niche, brown water, older and distressed tonnage, BP Marsh notes. Company "believes that Dauntless represents an attractive opportunity to support [Dauntless Co-Founders Des Keane and Charles Scott-Hopkins] and is consistent with the group's strategy of investing in high-quality early-stage insurance intermediary businesses." Notes that Keane and Scott-Hopkins "have held senior underwriting positions across leading Lloyd's syndicates". "We are pleased to support the launch of Dauntless and back a marine underwriting agency in the Lloyd's and London markets," says BP Marsh CEO Dan Topping. "We have seen good success in this area, both in exited investments as well as within the existing portfolio."
----------
Gelion PLC - London-based battery energy storage systems firm - Enters material transfer agreement with "a top 15 global automotive original equipment manufacturer". Says the parties will assess the applicability of Gelion's NES cathode platform across a range of future electric vehicle battery technologies, with the partner validating NES in both liquid and solid electrolyte cell configurations. The agreement enables the OEM "to evaluate the broader capability of [NES] which has the potential to be a drop-in cathode material for existing battery production lines without major re-tooling." Gelion will supply its sulfur-based cathode active material, coated cathodes and liquid electrolyte, including for evaluation in "pathways relevant to lithium metal and graphitic anodes for both luxury and mass-market EV applications." Says the deal materially increases the penetration of its technology in EV applications across the full spectrum of lithium-sulfur battery configurations. "Today's announcement marks further progress towards the adoption of our technology and the generation of commercial revenues via funded programmes and eventually license and royalty revenue in the global EV market, alongside some of the industry's leading companies," comments CEO Matt Wood.
----------
Bango PLC - Cambridge, England-based digital payments firm - Announces partnership with "leading" South Korean telecommunications provider LG U+, which it says will expand the range of services available through the Udok subscription platform. Says LG U+ can, by leveraging Bango's digital vending machine product, "rapidly bring new global and local subscription services to Udok, giving customers greater choice and access to compelling bundles, discounts and offers." "The Bango DVM gives LG U+ access to a growing ecosystem of leading international subscription services, with the flexibility to quickly add new services and deploy sophisticated bundles that evolve with consumer preferences," Bango states. "It also enables LG U+ to gain valuable insights into customer engagement with different offers and bundles, helping them personalise and optimise their offering to drive uptake, loyalty and retention." "This is another important step in the global expansion of the Bango DVM," says Bango CEO Paul Larbey.
----------
Bluebird Mining Ventures Ltd - gold streaming, mining and treasury company based in the British Virgin Islands - Says its El Alamo gold project in Mexico is moving into execution. Confirms that it has paid the GBP75,000 option payment in relation to its option to acquire El Alamo Resources Ltd, and that the initial work programme is now underway. Says that as part of its review of the project's substantial historic and modern technical information, it has identified a later 2020 JORC mineral resource estimate for the Santa Teresa area, with a JORC 2012 inferred mineral resource of 369,000 tonnes at 7.47 grams of gold per tonne for 88,600 ounces of contained gold, exceeding the earlier 2016 APEX estimate of approximately 64,000 ounces. Company says its Mexican counsel is progressing mineral rights work, and that its initial geological objective is to assess whether the existing Santa Teresa resource can be expanded and whether selected areas of the wider district warrant modern verification.
----------
Equipmake Holdings PLC - Norfolk, England-based maker of electric motors, inverters, and drivetrains - Announces that its Project Coeus hybrid power unit is now being installed in a Terex Ecotec TDS 820 high-performance shredder for machine testing. Calls this "a key milestone in its Project Coeus collaboration with [Caterpillar Inc subsidiary] Perkins". Says the system, designed to replace diesel-engine power units, combines a configurable spark-ignited Perkins engine with Equipmake's bespoke heavy-duty electric motor, silicon carbide inverter and associated power electronics. It "is intended to help off-highway manufacturers adopt lower-carbon fuels and electrification without fundamentally redesigning their machines." Equipmake says installation follows extensive development testing, with the demonstrator due to undergo a series of tests at Perkins' proving site, to assess whether the system meets the machine's peak-load and transient-response requirements, once installation is complete. "This is a proud moment for everyone at Equipmake...Moving from the test cell into a machine as demanding as a high-performance shredder is exactly the proving ground this technology needs," says CEO Ian Foley.
----------
Cambridge Cognition Holdings PLC - Cambridge, England-based brain health software provider - Joins the Blood Biomarkers for Early & Accurate Diagnosis of Alzheimer's Disease in Primary Care (BEAD-PC) study, which is led by Imperial College London and "now includes CANTAB digital cognitive assessments alongside blood-based biomarkers." BEAD-PC started in June and has a 15-month duration, during which time it aims to recruit 500 participants across North West London with subjective memory complaints or symptoms of early cognitive decline, with general practitioners referring eligible patients to primary care assessment centres for digital cognitive assessment and blood sampling. "By combining objective cognitive assessment with biological markers of Alzheimer's disease, the study aims to demonstrate how this approach can support earlier, more accurate diagnosis and be integrated into routine care at scale," Cambridge Cognition says.
----------
Critical Mineral Resources PLC - London-based resource developer targeting Moroccan metals - Nebari Carry CF II LLC holds a 30.43% stake in Critical Mineral Resources as of Thursday, up from none reported. Follows CMRS' announcement on Thursday that Nebari Natural Resources AIV II LP, a fund managed by Nebari Partners LLC, would make a strategic equity investment of USD2.0 million at 2.0p per share. CMRS said the investment establishes Nebari as a strategic shareholder with a right of first refusal to provide construction finance for its flagship Agadir Melloul copper-silver project and its future mine developments.
----------
Geo Exploration Ltd - oil and gas exploration company focused on Africa, Australia and the Mediterranean - Says field exploration activities are underway across its Gorge and Juno Gold Projects in Western Australia. In both cases, this includes Native Title and heritage fieldwork with the relevant traditional owners and YMAC, and the assessment of access and logistics for future exploration. At Gorge, the work includes geological mapping and ground truthing across priority target areas, and rock-chip sampling and drone-supported reconnaissance. Work at Juno includes field reconnaissance and ground truthing of priority magnetic targets.
----------
Mindflair PLC - London-based investor in artificial intelligence technology - Notes that Sure Valley Ventures' second fund, in which Mindflair is invested, has made a new investment in Nettle Ltd's oversubscribed USD4.8 million seed funding round. Says the round brings Nettle's total funding to USD6.8 million, following its USD2.0 million pre-seed round in March last year. Nettle is the developer of an 'AI workspace' to help "commercial insurers identify, capture, analyse and report physical risk more efficiently." "We are pleased to see SVV2 invest in Nettle alongside a strong group of specialist investors," says Mindflair Director Nicholas Lee. "Nettle is applying AI to a clear operational challenge in commercial insurance, and its existing customer adoption and international presence are encouraging signs of progress."
----------
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Alternative IncMercantile Ports & LogisticseEnergy GroupEarnz PlcAvacta GroupB.p MarshGelionBangoBluebird Mining VenturesCambridge CogCritical Mineral Resources PLCGEO Exploration LimitedMindflair