24th Jul 2026 17:47
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
----------
Mpac Group PLC - Tadcaster, North Yorkshire-based high-speed packaging and automation solutions - Says it has completed the sale of subsidiary Mpac Lambert Ltd to Mech.i.Tronic Spa, in line with the timetable announced in June. The firm says the disposal supports its strategy of focusing on scalable, full-line packaging machinery solutions and will significantly reduce the group's net debt.
----------
Bluefield Solar Income Fund Ltd - UK income fund focused primarily on acquiring and managing solar energy assets - Shareholders have approved Drax Group's recommended cash acquisition of the company at both the court and general meetings. Around 98.8% by value of scheme shares voted supported the scheme, while shareholders also approved the required special resolution, with the acquisition now subject to the remaining conditions, including court sanction.
----------
Technology Minerals PLC - London-based provider of technology for battery metals recycling - Raises GBP32,564 through its WRAP retail offer, issuing 65.1 million new shares at 0.0005 pence each. The company also secures an additional GBP42,000 subscription, taking total gross proceeds from its placing, subscription and retail offer to around GBP2.16 million. The new shares are expected to be admitted to trading on Wednesday.
----------
Capricorn Energy PLC - Edinburgh-based fuel producer - The UK Takeover Panel says bidders Alamadiyaf al-Masiyyah for Trading LLC and Samos Energy Ltd must by August 11 either announce a firm intention to make an offer for Capricorn or confirm they do not intend to bid. The deadline comes ahead of shareholder meetings on August 18 to approve Capricorn's recommended all-cash takeover by Genel Energy No.9 Ltd.
----------
Puma VCT 13 PLC - venture capital trust - Says its share offer, launched in September 2025 with a GBP50 million target and a GBP20 million over-allotment facility, will close to new applications on August 25 after raising more than GBP53.5 million as of July 23. The final allotment is expected on or around August 28, with admission to trading due within two business days.
----------
Tooru PLC - AIM-listed company focused on the branded health and wellness sector - Says OAF has delivered record week-on-week retail sales, while Pulsin is on track to recover from 2025 supply constraints, with significant revenue growth expected over the next two quarters. Pulsin has secured new UK listings with TK Maxx and Holland & Barrett, signed three international distribution agreements, and expects improved margins from lower ingredient and packaging costs, supported by a pipeline of new product launches through the remainder of 2026. CEO Scott Livingston says: "We are seeing encouraging momentum across the group, with strong Ebitda delivery, growing revenues and excellent progress from both Juvela and OAF. OAF's expansion into major retailers and Pulsin's return to growth demonstrate the strength of our brands and the opportunities ahead. Going forward, we firmly believe that the group is well positioned to accelerate growth and continue building value across the portfolio. We remain excited about the opportunities in front of us as we progress through 2026."
----------
Red Rock Resources PLC - London-based, Africa and Australia-focused miner - Says a contract has been signed between the Democratic Republic of Congo's Ministry of Rural Development and joint venture Koto DRC SARL to build and install the first of three wall-panel manufacturing factories for low-cost housing in Kinshasa. Following the final award, Koto DRC will receive an initial payment under the USD7.2 million contract for the first factory. Red Rock adds it still expects to raise further funds through asset disposals or other means as progress in the DRC has taken longer than anticipated.
----------
Kazera Global PLC - London-based investor in early-stage mineral projects in Africa - Proposes returning around 80% of the net proceeds from its USD10.5 million Aftan settlement to qualifying shareholders through a contingent value right programme. Shareholders on the register on August 3, following an ex-entitlement date of July 31, would be eligible for either a single distribution in early 2027 if the settlement is paid early, or three distributions between 2028 and 2030, while the remaining proceeds will be retained to strengthen the balance sheet and fund future growth.
----------
Galantas Gold Corp - mining and exploration company, focused on producing gold and copper from its assets in Northern Ireland and Chile - Says it has amended a share purchase agreement for the acquisition of Chile's Andacollo Gold Project, bringing forward a USD14.0 million payment due in 2029. The company has paid USD5.0 million immediately, with the remaining USD9.0 million now due by April 25, 2027, and has become guarantor and joint co-debtor for the remaining cash payments. Galantas says OXI retains 100% ownership of Dragones, while the amendment also resolves any potential disputes with shareholder Luis Catril relating to the share consideration.
----------
Valereum PLC- Manchester, England-based digital asset infrastructure firm - Says Quorium Global Photonics SPC has launched the USD-pegged $VXRUP stablecoin on the XRP Ledger as the primary liquidity vehicle for its ecosystem, describing it as a key step towards completing the parties' proposed transaction. Valereum adds it continues to hold 20,000 QMTN2601001 medium-term note tokens, each with a stated value of USD10,000 under the January agreement, while noting the valuation of the tokens remains inherently uncertain.
----------
By Eva Castanedo, Alliance News senior economics reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Bluefield SolarMpac Group PlcDraxTech MineralsCapricorn Energy PLCPuma Vct 13 PlcTooruRed Rock ResourcesGalantas Gold