19th Mar 2026 20:46
(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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Synthomer PLC - London-based developer of polymer chemicals - Says trading since the start of 2026 is in line with expectations and maintains its 2025 guidance for GBP1.74 billion revenue and GBP135 million to GBP138 million earnings before interest, taxes, depreciation and amortisation. This compares to revenue of GBP1.99 billion and Ebitda of GBP146.6 million in 2024. Synthomer says it is engaging constructively with lenders to amend covenants and extend facility maturities as it progresses a debt refinancing alongside its divestment programme, adding it does not currently intend to issue new equity. The firm notes rising sales volumes in several product areas and says it continues to pass through higher raw material and energy costs via price increases, while warning uncertainty remains around the Middle East conflict.
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Titon Holdings PLC - Colchester, England-based manufacturer and supplier of ventilation systems - Group revenue for the six months ending March is expected to be around 3% ahead of GBP7.6 million reported a year ago. While first-half performance was softer than expected, reflecting subdued conditions in the UK construction and fenestration markets, the board anticipates a stronger second-half weighting to FY26. This outlook is supported by the ongoing easing of building safety regulatory constraints, and the conversion of a growing pipeline of recent project wins into higher-value Mechanical Ventilation system revenues. As a result, Titon continues to expect full year revenue and profits in line with expectations.
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Corcel PLC - oil exploration and production in Angola and Brazil - Raises GBP3.6 million through a subscription with a number of its existing strategic investors. The subscription was undertaken after these shareholders approached Corcel to increase their investment at the current market price. The new shares have been issued at GBP0.004 per share. Investors will receive one warrant for each placing share exercisable up to the end of 2027. Corcel says it is now advancing into the planning and preparation phase for drilling its first pre‑salt and post‑salt exploration well on the block. The additional capital will enable it to accelerate "key" workstreams. In addition, the funds strengthen Corcel's balance sheet, "enhance its strategic flexibility", and reinforce its ability to "execute value‑accretive transactions at pace."
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BSF Enterprise PLC - London-based biotech company - Announces that its subsidiary, 3D Bio-Tissues Ltd enters into a five-year commercial supply agreement with SeaWith, a South Korean biotechnology company specialising in cultivated meat. The deal is worth GBP300,000.
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Strategic Minerals PLC - London-based mineral producer - Raises GBP4.7 million through a subscription at 3.5 pence per share, led by a "prominent" international investor. The issue price represents a 16.7% discount to the prior closing mid-price and the 30-day volume weighted average price. Strategic Minerals says the proceeds will accelerate development of its Redmoor tungsten-tin-copper project in Cornwall. "This investment represents a clear endorsement of the company's high-quality asset base, and its objective to develop Redmoor and the surrounding area into a leading source of strategic and critical minerals here in the UK to provide resilience to western world supply chains," Executive Chair Charles Manners.
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Afentra PLC - Africa-focused oil and gas company - Notes recent media speculation and confirms that it has engaged with a limited number of counterparties with regard to a potential sale process of the company. Afentra says it has initiated a wider review of its strategic options and appointed Jefferies to engage a small number of financial and strategic investors to explore how they could assist it with future capital needs. Afentra is currently in discussions with a number of potential counterparties. The potential sale process is being undertaken alongside the strategic review. It "remains possible" that, following completion of this review, the board will consider that Afentra would be "best served" by remaining as an independent listed company.
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Agronomics Ltd - Isle of Man-based investor in cellular agriculture - Announces that its portfolio company, Tropic Biosciences UK Ltd, raises USD105 million in a series C financing round. Proceeds will be used to accelerate the global commercial scale-up of Tropic's banana and rice portfolios and to advance its pipeline of climate-resilient crops. Agronomics first invested in Tropic in March 2020 and has subscribed a total of GBP2.3 million to date, which, subject to audit, is currently carried at GBP2.2 million. This represents around 1.6% of Agronomics' most recently reported net asset value of GBP139.9 million as of December 31. The fundraising is not expected to have a material impact on the carrying value of the company's investment in Tropic.
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Panther Metals PLC - exploration company focused on mineral projects in Canada - Reports second batch of Vibracore sample assay results for the Winston Tailings project in Ontario, Canada. The Vibracore tailings sampling is in support of the mineral resource estimate programme, the first of a series of ongoing workstreams progressing to quantify, evaluate and permit the contained high-grade gold, gallium, silver, zinc, copper, indium and cobalt and other recoverable minerals. Results continue to show good grade consistency across the vertical depth-profile and laterally between Vibracore hole collar locations, and support or exceed the 2025 preliminary assay results announced July 2025. "These latest results continue to highlight the strong production potential offered by the Winston Tailings Project," company says.
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Kefi Gold and Copper PLC - gold and copper exploration and development company - Plans to raise GBP34 million via placing at 1.2 pence per share to institutional investors. The placing is to be conducted by way of an accelerated bookbuild process, launched with immediate effect. In addition, intends to raise up to GBP1 million via a retail offer at the same price. Will also issue shares worth GBP853,000 to certain service providers of the company to settle outstanding fees. Proceeds will be used to complete and optimise the project financing for the Tulu Kapi project in Ethiopia, fund exploration activities, fund a cost overrun cash reserve and for general working capital purposes. Total proceeds raised to fund the project following completion of the placing will be around USD355 million, which exceeds the anticipated USD330 million total project capital cost. Stifel Nicolaus Europe Ltd and Tavira Financial Ltd are acting as joint bookrunners in relation to the placing. "Today's capital raising not only wraps up the Tulu Kapi development funding but does so in a manner which replaces some higher cost capital. Importantly, it also provides the required funding to re-initiate strategic exploration, both at Tulu Kapi and more widely, and expands the institutional participation in our share register - important for our intended transition to the Main Market of the London Stock Exchange in due course," company says.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
TitonSynthomerCorcelBio-Sustainable Future EnterprisesStrategic MineralsAfentra Plc.AgronomicsPanther SecuritiesKefi Gold & Copper