9th Mar 2026 19:41
(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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Macaulay Capital PLC - provider of co-investment opportunities focused on small UK businesses - Completes sale of portfolio company ICA Ltd to acquisition vehicle Certania Acquico-UK Ltd, founded by Certania Holding GmbH. For investors introduced by Chelverton Asset Management Ltd, the consideration represents a return of up to 15.5 times their original investment in 2016, pre-performance fees, Macaulay says, adding that as a result of the return on investment, management and performance fees are payable by certain ICA shareholders to Macaulay of GBP349,508.
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Quantum Data Energy PLC - London-based power infrastructure developer - Begins construction of its third flexible generation power project, which will bring its total capacity to 20 megawatts. QDE has a near-term pipeline totalling 28 MW. The Bordesley 5 MW project is funded by way of an investment agreement with Power Balancing Services Ltd who will invest up to GBP1.75 million, with QDE contribute GBP1 million. The remaining balance will be funded with an external debt facility from a commercial bank at competitive market related terms, QDE says. PBS will receive an equity interest in the project of 65%, with QDE to receive 35%. Construction is expected to be completed in the fourth quarter of 2026, at which point commercial operations and income generation will commence. Elsewhere, QDE says it is "looking forward to" the Capacity Market T-4 contract auction over the coming days, and expects to win a 15-year CM contract for its Pyebridge 8.1 MW flexgen asset, "materially boosting the asset's guaranteed income and profitability."
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Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Provides update on its 8 megawatt energy and digital infrastructure facility in the UAE. The project is part of Active Energy's strategy to establish scalable hosting capacity in key Gulf Cooperation Council energy markets. Expects the handover of completed site infrastructure, ahead of energisation, by the end April due to Ramadan and recent conflict in the Middle East. Comments: "Completion of the site will represent an important milestone as Active Energy enters the next phase of deploying scalable energy capacity to support high-performance compute and digital infrastructure hosting clients. Based on current deployment assumptions, the site is projected to generate approximately USD3.5 million in annual revenues, at an estimated 50% gross margin, equating to approximately USD1.75 of annual gross profit once fully operational." Active Energy is actively evaluating additional opportunities within the region and is currently engaged in discussions regarding several potential additional locations, "which could significantly expand its UAE energy and infrastructure pipeline over time," company says.
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Arc Minerals Ltd - copper exploration company focused on mines in Africa - Begins a ground-based magnetic survey and an induced polarisation survey over its PL135/2017 licence at the Virgo Project, located within the highly prospective Central Structural Corridor of the Kalahari Copper Belt in the Republic of Botswana. Remy Welschinger, Chief Executive Officer of Arc, comments: "This programme represents an important step in unlocking the potential of our Virgo license. We look forward to completing this exciting work programme, with the ultimate objective of defining up to 15 kilometres of prospective DKF-NPF contact within the licence. This contact acts as the key exploration target in this part of the Kalahari CopperBelt and the host zone for many of the defined copper resources in the area."
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Focus Xplore PLC - strategic energy and critical minerals exploration company with exploration programs in Ontario, Canada - Raises GBP75,000 through the issue of convertible loan notes maturing December 31, 2027. Conversion, in whole or in part, may occur at any time in the period to December 31, 2027, at the discretion of the notesholder. The notes have a 10% interest rate payable annually in arrears on December 31. Noteholders will receive one warrant for each ordinary share issued upon conversion, with each warrant to entitle the holder to subscribe for one new ordinary share at the conversion price. Warrants may be exercised at any time in the four years following their issue. Also proposes the appointment of David Russell as executive director and Antony Legge as non-executive chair, succeeding Sean Wade.
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Pulsar Helium Inc - Cascais, Portugal-based helium exploration and development firm - Provides update on its option to acquire up to 100% of the shares of Quantum Hydrogen Inc, a 100% owned subsidiary of Oscillate PLC. On March 6, issues an additional 66,022 consideration shares to Oscillate, satisfying the fifth and final monthly share option tranche of USD80,000 at a volume-weighted average price of CAD1.6581. Pulsar has now acquired 80% of the shares of Quantum. Pulsar has the option until May 3, 2027 to acquire the remaining 20% of the shares of Quantum from Oscillate in exchange for USD400,000 of consideration shares to be issued in 5 instalments of USD80,000 of consideration shares. Pulsar says it will evaluate this option in coming months. In addition, 500,000 share purchase warrants are exercised at a price of 25.00 pence per share, generating proceeds of GBP125,000.
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Marwyn Acquisition Co III Ltd - Tortola, Virgin Islands-registered acquisition vehicle established by Marwn Partners - Following announcement last week on the cessation of discussions with Palmer Street Ltd, the Financial Conduct Authority lifts its temporary suspension; trading on its shares on the Main Market has been restored.
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By Aidan Lane, Alliance News reporter
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Related Shares:
MCAP.LQuantum DataActive EnergyArc MineralsFocus XplorePulsar HeliumMarwyn Acqn Iii