2nd Jul 2026 20:05
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Helix Exploration PLC - London-based helium exploration and development company advancing the Rudyard helium project in northern Montana - Intends to buy the Keyes helium complex, a strategically located helium purification and liquefaction facility in Oklahoma for USD11 million. Owning the complex will enable Helix to capture the full margin from wellhead to liquid delivery as well as the diversification of revenue streams through third-party tolling liquefaction, it says. Further, plans to raise up to GBP16 million by way of an institutional placing at 22p per share to accelerate resource monetisation at Rudyard and unlock meaningful production and cash flow upside, taking advantage of the macro environment for helium production. It also looks to raise GBP1.6 million via a retail offer at the same price. Helix calls the deal a "strategically significant step" that positions it within a rapidly tightening US helium market. "The Keyes Helium Complex is modestly scaled and well suited to the explorer market as it can process explorer gas alongside crude helium drawn from the former United States Bureau of Land Management reserve," Helix adds.
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Ilika PLC - Romsey, England-based solid-state battery technology company - Announces a proposed placing to raise GBP4.5 million at 28 pence per share, around 8.9% of its share capital. Also plans a retail offer while some directors intend to directly subscribe for shares. In total, expects to raise around GBP5.0 million. The placing will be conducted by way of an accelerated bookbuild process. Funds will provide Ilika with the "necessary working capital to achieve a number of important technical and commercial milestones." Proceeds will advance the commercial status of the firm's two product lines, specifically supporting the commercial launch and ramp up of the small format Stereax technology, and the continued development and delivery of the large format Goliath technology, through to a position where it will be possible to secure commercial licensing agreements with commercial partners.
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Harbour Energy PLC - oil and gas operator with operations in the UK, Norway, Argentina, Germany, Egypt and the Gulf of Mexico - Washington, District of Columbia-based buyout fund Potomac View Investments LP, managed by EIG Management Co LLC, intends to sell around 54.8 million ordinary shares in Harbour, 3.5% of its share capital, through a placing of ordinary shares to institutional investors. The completion of the placing will represent the disposal of EIG's entire residual shareholding in Harbour. The fund sold a 3.8% interest in Harbour Energy in March at 255 pence per share. Potomac was one of the founding backers of Harbour Energy, with EIG providing initial funding as early as 2014. The price and the final number of shares to be placed will be determined by way of an accelerated bookbuilding process. Barclays Bank PLC is acting as sole global co-ordinator and sole bookrunner on the placing.
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Coca-Cola Europacific Partners PLC - soft drinks bottler in over 30 markets including Australia, Germany, Great Britain and Spain - Plans to launch the second tranche of the EUR1 billion share buyback programme, announced in February, on Monday. This will be run by Goldman Sachs & Co. LLC. The second tranche is worth EUR500 million and follows the completion of the first EUR500 million tranche in April.
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Oracle Power PLC - developer of projects in Pakistan and Australia - Announces that Mining Lease M25/389, which covers its Northern Zone gold project, has now been granted. The Northern Zone is located 25 kilometres east of Kalgoorlie in Western Australia. The lease has been granted for a term of 21 years to July 2047 and is renewable thereafter. "This represents a key milestone for our very exciting gold project that is so close to Kalgoorlie. To finally have this mining lease formally granted after an exhaustive 18-month process is a tremendous result for the company," says Chief Executive Naheed Memon.
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Rome Resources PLC - mineral explorer with tin project in Democratic Republic of the Congo - Provides the final assay results from its recent drilling campaign at the Kalayi deposit within the Bisie North Project. The results complete the latest drilling programme and will now be incorporated into an updated mineral resource estimate, targeted for July 2026. The current Kalayi MRE, announced in November 2025, comprises an inferred mineral resource of 0.33 million tonnes grading 1.36% tin for 4.47 kilotonnes of contained tin. The updated MRE is expected to quantify the impact of the latest drilling campaign on that resource. Chief Executive Paul Barrett says: "A length-weighted average grade of 2.41% tin across all mineralised samples above a 0.5% cut-off represents an exceptionally high average grade for a tin exploration project and compares favourably with many of the world's leading tin deposits."
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James Cropper PLC - Kendal, England-based materials, paper and packaging group - Announces the completion of a refinancing of its debt facilities which provides a more "flexible funding platform to support delivery of its medium-term strategic priorities." James Cropper says the new arrangements improve the its cash flow and balance sheet flexibility through access to a new invoice discounting facility of up to GBP15 million committed for at least three years. As part of the refinancing, it will make a part-repayment of GBP7.1 million on its existing UK bank loan, funded from cash resources and the new invoice discounting facility, with the remaining balance repayable in reduced quarterly instalments through to March 2030. In addition, the maturity of the group's US bank loan has been extended by 12 months, with the final repayment of USD3.2 million deferred to December 2027, improving liquidity headroom during this period. Alongside the debt refinancing, the Group has agreed to make a one-off contribution into its defined benefit pension schemes of GBP600,000 with the previously agreed contribution schedule reduced by GBP350,000 across the period to September 2027. The group has agreed to bring forward the next triennial actuarial valuation of the pension schemes by 12 months to March 2027. "The refinancing allows us to deploy capital more efficiently, which we expect will allow the group to reduce cash financing costs," observes Chief Financial Officer Andrew Goody.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Helix ExplorationIlika PlcHarbour EnergyBarclaysCoca-cola Euro.Oracle PowerRome Resources PLCCropper (J)