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TRADING UPDATES: Tintra seeks cancelling shares; GCM extends accord

28th Nov 2023 21:08

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Tintra PLC - London-based DeepTech bank that uses artificial intelligence to help people in emerging markets transfer money - Intends to seek shareholder approval to cancel its shares from trading on AIM in London at a general meeting on January 4. Should this be successful, the cancellation will become effective on January 12 at the latest. Earlier this month, it proposed to delist from trading as it shifted away from a potential takeover offer by LRB 35 Ltd. "The board considers that Tintra would be better able to raise the capital it needs to develop the business as a private company," it said.

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GCM Resources PLC - resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - Extends memorandum of understanding with Power Construction Corp of China Ltd on Pulbari coal mine development to December 6, 2024 from Wednesday next week. The company says: "This will allow PowerChina and GCM to continue to work on determining the modality for PowerChina to become a mine development partner, subject to the approval of PowerChina internal compliance and all other relevant regulatory agencies." Also makes makes to drawn down a further GBP300,000 under its loan facility with Polo Resources Ltd. Says it will make a further announcement on receipt of the drawdown funds from Polo which would extend its working capital beyond the end of December 2023. At this point, it will have utilised all of the GBP3.5 million facility. Says funds from this current drawdown request along with existing cash balances would be sufficient to fund the company through to the end of March 2024.

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Coca-Cola Europacific Partners PLC - Uxbridge, England-based bottling partner for Coca-Cola in 29 countries - John Galvin, general manager for its Germany Business Unit sells 6,132 shares at an average price of USD61.01 each on Monday. Total aggregate value is USD374,117.

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Ocado Group PLC - Hertfordshire-based online grocer and warehouse technology firm - Chair Rick Haythornthwaite buys 9,500 shares at a price of GBP5.61 each on Tuesday. Total aggregate value is GBP53,320.

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BBGI Global Infrastructure SA - Senningerberg, Luxembourg-based infrastructure investment company - Supervisory Board Chair Sarah Whitney buys GBP54,900 in shares.

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Staffline Group PLC - Nottingham, England-based recruitment and training firm - Says Henry Spain Investment Services Ltd, a company associated with Non-Executive Director & Interim Chair Thomas Spain, buys 350,000 shares at a price of 23.5 pence each on Tuesday. Total aggregate value is GBP82,250.

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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