26th Feb 2026 19:06
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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World Chess PLC - London-based chess promoter and tournament organiser - Enters binding subscription agreement with two existing shareholders to raise around GBP1.2 million. Under the terms, it will issue a total of 175.9 million shares at an issue price of 0.66 pence per share, with completion of the subscription subject to the shareholder authority to be proposed at a general meeting on March 18. "This new capital allows us to fund our next phase of growth, and the continued commitment of our existing shareholders gives us both the resources and the confidence to deliver on it," says Chief Executive Ilya Merenzon.
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RC365 Holding PLC - payment solutions and fintech company operating primarily in east and southeast Asia - Enters into a convertible loan note instrument with VBG Consulting Holdings Ltd, constituting GBP3.0 million unsecured convertible loan notes, with maturity set three years from the date of issuance. Fees and interest include a 12% rolled-up coupon accruing from issuance and payable on maturity or conversion. It also has a 6% facility fee payable in cash, and 6% warrants to the lender on the same terms as the A share purchase warrants. RC365 notes the conversion price of 1 pence per share, with each conversion share to be issued with one A share purchase warrant and one B share purchase warrant. Intends to use the proceeds for working capital purposes and corporate growth initiatives. "The execution of today's convertible loan note instrument represents a significant step forward in securing committed financing for RC365. Once the FCA approves the prospectus, the company will be able to issue the loan notes and strengthen its balance sheet in support of our planned growth strategy. We appreciate the continued support from VBG Consulting," says CEO Chi Kit Law.
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Hardide PLC - Bicester-based advanced surface treatment technology firm - Secures GBP1.8 million of new orders from a major North American energy sector customer. "These orders lead the board to expect a further material improvement in revenues and performance for the current financial year to 30 September 2026 as against previous expectations. Hardide is in discussions with this customer regarding establishing a framework arrangement and schedule for the future that will support the customer's own business development ambitions and supply requirements," the firm says.
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RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Reports licence agreement with Tenancy Deposit Solutions Ltd, which trades as mydeposits. Notes the agreement represents an initial stage in the development of a rent deposit product to be offered alongside its professional guarantor service. "This agreement underscores RentGuarantor's ongoing focus on exploring opportunities that support growth and enhance our proposition within the UK private rented sector. We believe that our proposed new product will represent a major step forward in our offering to tenants, agents and landlords, combining our award-winning professional guarantor solution with a leading government-approved deposit protection scheme that commands a significant market share," says RentGuarantor CEO Paul Foy. "This proposed service will offer a highly compelling and pragmatic approach to deposit and guarantee management, aligning with upcoming regulatory changes that seek to empower renters whilst facilitating long-term, efficient and trusting landlord and tenant relationships."
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Corcel PLC - oil exploration and production in Angola and Brazil - Completes the 2D Seismic acquisition project at the operated KON-16 Block, within the Kwanza Basin, onshore Angola. Notes the acquisition completed as planned, with the initial internal review of raw field data showing excellent data quality. Adds that all planned 2D line locations and seismic parameters delivered as designed, marking the transition to the next key milestone. Notes that seismic processing will be done by geophysical processing specialist DUG Technology Ltd. "Completing the seismic acquisition project at KON-16 is a major operational milestone for Corcel. This was the company's first operated E&P project; we had over 270 people working on site and over 220,000 manhours worked in total. The project was executed without incident, to a very high standard, and the initial results are incredibly encouraging," says Chief Operating Officer Richard Lane.
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By Christopher Ward, Alliance News reporter
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Related Shares:
World ChessRc365 HoldingHardideRentguarantorCorcel