8th Jun 2026 20:14
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Pebble Beach Systems Group PLC - Surrey, England-based software company - Proposes a capital reduction, citing "positive trading momentum" in line with expectations, a "continued reduction" in debt, expectations of reaching a net cash position this year, and "the cash generative nature" of the company. Says the reduction will create distributable reserves, which the company currently lacks due to its deficit, giving it "flexibility to consider distributions or capital returns to shareholders in the future." The balance standing to the credit of the company's share premium account is GBP6.9 million, while the capital redemption reserve stands at GBP617,000. The company proposes cancelling the amounts standing to the credit of both the share premium account and capital redemption reserve, and reducing the nominal value of each ordinary share to 0.5 pence from 2.5 pence. Says the proposal would turn the retained profit and loss account reserve from a GBP5.7 million deficit to a GBP4.4 million surplus.
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Aptamer Group PLC - York, England-based synthetic binders developer - Announces a new funded research programme with Imperial College London, supported by the Gates Foundation. Contracts an upfront fee to develop field-compatible sample preparation and extraction methods using its existing folic acid Optimer binders, and to supply those binders to the Guder Research Group in the Department of Bioengineering at Imperial College London for incorporation into lateral flow devices. Proposes a further commercial licence fee upon successful field validation of the assay. Says this will enable the programme to provide the lateral flow devices globally. Further, expects "additional commercial value" through an ongoing supply of Optimer materials for device manufacture. "The programme will investigate the suitability of Aptamer's existing proprietary Optimer binders for folic acid to develop an affordable, field-deployable lateral flow test for monitoring folate levels in fortified foods in developing countries, with potential for commercial application of Aptamer's existing intellectual property," company says. Aptamer expects to complete the in-house validation work in July 2026, at which point validated Optimer binders will be transferred to Imperial College London which will lead the incorporation of the validated binders into lateral flow tests. Field-based validation is anticipated by the end of 2026. Aptamer will supply Optimer material throughout the development phase and potential ongoing supply to support device manufacture following successful field deployment.
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Union Jack Oil PLC - Bath, England-based onshore exploration, development and production in UK and US - Signs a facility agreement with Egdon Resources UK Ltd through which Egdon agrees to provide Union Jack a secured term loan facility of GBP1.0 million as working capital and for general corporate purposes. Egdon is the operator and has a 30% interest in PEDL180 and PEDL182 in the Wressle oilfield located in Lincolnshire and Union Jack holds a 40% interest. Under the agreement, if Union Jack wants to sell any interest in PEDL180, PEDL182, or the related joint operating agreements Egdon gets an initial right of first refusal before third parties are approached and a matching right after a third-party offer is received. The matching right of first refusal will prevail for 12 months after repayment of the loan. Additionally, until final repayment of the loan, Union Jack must support the Egdon's role as operator of Wressle and generally cannot vote or act to remove or replace the Egdon as operator except in cases of gross misconduct.
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Tertiary Minerals PLC - mineral development firm with projects in Zambia, the US state of Nevada, and Sweden - Announces details of the upcoming drill programme at the Target A1 silver oxide discovery which forms part of the Mushima North Project in Zambia. Drilling is to enable JORC mineral resource estimate for Target A1. Tertiary has already reported a JORC exploration target of between 15 and 30 metric tons with a mean grade of 40 to 60 grams per ton silver equivalent. The drilling will test: oxide mineralisation extensions at target A1, infill drilling to support the mineral resource estimate at target A1, and initial drill testing of western Target A1 and Target A2. Around 4,000 metres of reverse circulation drilling is planned, expected to start within the next two weeks.
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Touchstone Exploration Inc - onshore oil and gas development in Trinidad & Tobago - Completes WRAP retail offer together with the previously announced subscription, placing and LIFE offering. Raises USD10.9 million gross. The proceeds comprise USD1.9 million from the subscription by Purebond Ltd, approximately USD8.4 million from the issuance of unsecured non-convertible debt securities pursuant to the subscription agreement with Purebond, and approximately USD600,000 in aggregate from investors participating in the placing, Life offering and WRAP retail offer. In aggregate, 26.6 million new shares are conditionally placed with, or subscribed for by, new and existing investors at the issue price of 7 pence and CAD0.13 per share. The new shares represent 8.2% of Touchstone's issued share capital prior to the fundraise.
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Mila Resources PLC - gold exploration firm focused on Australia - Announces assay results from a further nine reverse circulation drill holes at its Yarrol Gold Project in Queensland, Australia. Says the results "enhance the scale and continuity of gold mineralisation" and "highlight the project's broader potential, with mineralisation remaining open in several directions and additional targets emerging across the project area." Highlights include: hole MYARC0213, which shows 3 metres at 2.5 g/t from 21 metres including 1 metre at 7.24 g/t and hole MYARC0214, which shows 1 metre at 1.89 g/t from 28 metres. Elsewhere, announces induced polarisation geophysical studies across its Monal project to generate and better define drill gold-copper porphyry targets, as well as a strategic review of Kathleen Valley to commence with a low-cost, desktop-led mineral resource estimate upgrade to demonstrate the asset's underlying value and support potential value-realisation initiatives.
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Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, and also has copper and gold assets - Enters into a binding option agreement with Raiden Resources Ltd and Pilbara Gold Corporate PTY Ltd for the exclusive right to acquire 80% of the Mount Sholl Nickel-Copper-PGE project in the Pilbara region of Western Australia. Chief Executive Officer James Parsons says: "The Mount Sholl option represents a compelling opportunity to acquire a substantial nickel, copper and PGE resource in one of Australia's most established and resource rich mining jurisdictions and, if exercised, would introduce JORC-compliant Mineral Resources to the Forgent portfolio for the first time. With the upcoming drill campaign at Peak Hills and expected initial results from Green Rocks, Forgent is building a portfolio with multiple near-term catalysts and significant exploration upside." The option provides the exclusive right for a period of five months to acquire 80% of the project for AUD2.7 million through AUD1.4 million in cash and AUD1.4 million in shares. The option period enables completion of technical, legal and commercial due diligence by Forgent. The option has been secured in exchange for a consideration of AUD100,000 which shall be settled through the issue of 355.6 million new ordinary shares which will remain locked in for a period of five months. Raiden will retain a 20% interest in Mount Sholl. Separately, the company will allot 26.7 million new ordinary shares to a creditor in full settlement for services rendered to Forgent.
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Sterling Digital PLC - London-based bitcoin mining company - Enters into a gas purchase agreement with a US based supplier for the supply of natural gas to power its bitcoin mining operations in West Texas. The initial term of the agreement is five years, with an option to extend for up to two additional one-year periods. The company will pay the average Waha gas price based on the preceding two months, plus a transportation fee of USD0.33 per million British thermal units and a service fee of USD0.22 per MMBtu. The company has committed to purchasing a minimum of 96,360 MMBtu of gas annually during the first four years of the agreement, totalling 385,440 MMBtu. The supplier has guaranteed availability of up to 6,500 MMBtu per day during the initial term. Says the deal "marks a significant operational milestone in the company's development." The gas supply secured under the agreement is expected to be sufficient to support up to 25 megawatts of computing capability.
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Bradda Head Lithium Ltd - North American-focused lithium explorer and owner of the Basin project in Arizona - Wholly owned US subsidiary, Zenolith (USA) LLC is accepted as a member of the Defense Industrial Base Consortium, a US initiative dedicated to strengthening national security through innovation, industrial collaboration, and resilient domestic supply chains. Chair Ian Stalker says: "Membership strengthens Bradda's alignment with US efforts to secure domestic critical mineral supply chains and reduce reliance on foreign sources of strategic materials, a philosophy that has always been at the core of Bradda's strategy."
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Capital Ltd - mining services company - Non-executive director Anu Dhir buys 51,400 shares on Friday at an average price of GBP1.15 per shares, worth total USD59,110. Dhir holds 51,400 shares representing 0.02% of the company's issued share capital.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Pebble BeachAptamer GroupUnion JackTertiary MineralsTouchstone ExplorationMila ResourcesForgentASIC.LBradda Head LithiumCapital Limited