1st Jul 2025 21:56
(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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Vaultz Capital PLC - operating company building a scalable, revenue-generating business through participation in Bitcoin network infrastructure - Plans to raise GBP0.5 million via placing at 15.5 pence per share. In addition, Vaultz Capital seeks to raise GBP0.5 million via retail offer at the same price. Global Investment Strategy UK Ltd is acting as bookrunner in connection with the placing. Cairn Financial Advisers LLP is acting as AQSE corporate adviser to the company in connection with the admission. Proceeds will be used to continue executing the company's operational business and bitcoin treasury strategy. Vaults intends to build a strategic position in bitcoin over a multi-year horizon with the intention of becoming a leading corporate holder of bitcoin.
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Xtract Resources PLC - Australia and Zambia-focused miner - Says the phase 1 drill programme focussed on the main body of the Silverking Project located in Zambia has been completed. Silverking is subject to an option and joint venture agreement with Oval Mining Ltd, enabling Xtract to earn-in up to a 70% interest in the Silverking copper mine and accompanying exploration licence, also located in Zambia. "Drilling continues to generate encouraging high-grade copper - silver intercepts and with each set of results we move closer to being able to determine an initial non-code compliant mineral resource estimate for internal purposes only and thereafter a mine plan and schedule. Before we can determine the optimised mineral processing option, we need to have a more detailed understanding of the likely global resource for the project," says Executive Chair Colin Bird.
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Sutton Harbour Group PLC - Plymouth, England-based owner and operator of Sutton Harbour specialising in waterfront regeneration projects and waterfront real estate - Completes the sale of two assets for GBP2.7 million and achieving 80% of the independent valuations as at March 31. Sutton Harbour says GBP2.2 million of the sale proceeds will be used to reduce the company's bank loan to GBP18.1 million. Continues to actively manage its asset sale programme in order to further reduce the bank loan and will provide further updates in due course. In addition, National Westminster Bank PLC agrees to a further extension to the repayment dates of the company's bank loan to allow asset sales to complete and additional bank loan repayments to be made. The amended bank loan agreement requires GBP6.5 million to be repaid by the end of September, reducing the bank loan to GBP11.6 million, from the disposal of assets, including King Point Marina. The facility's maturity date remains December 30, 2026.
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Westminster Group PLC - specialist security and services company - Wins new contract, valued at over GBP220,000, for a state-of-the-art personnel screening solution for a leading global science and chemicals company to secure one of their sites in the UK. Chief Executive Peter Fowler notes this follows the announcement of two technology contract awards, valued at GBP680,000 on Monday. "This contract award further reinforces Westminster's reputation for delivering world-class security technologies to high-profile, mission-critical environments around the world," Fowler adds.
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Geiger Counter Ltd - investor in uranium exploration and production stocks - Agrees standstill agreement following constructive engagement with Saba Capital Management LP. Saba agrees it will not, during the standstill period, require the board to convene a general meeting of the company pursuant to Jersey law; or exercise any voting rights available to remove, or publicly propose the removal of, any member of the board. In addition, until the expiry or termination of the agreement, Saba shall not vote against the recommendation of the board on specified ordinary course resolutions proposed at a general meeting or annual general meeting of the company.
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Direct Line Insurance Group PLC - Bromley, England-based insurance firm - Says scheme pursuant to which takeover by Aviva PLC will be actioned has been sanctioned by the court. In addition, notes the Competition & Markets Authority has unconditionally cleared the acquisition following its phase 1 investigation. De-listing of Direct Line is set for Thursday.
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Tialis Essential IT PLC - Edinburgh-based provider of IT support services - Announces the acquisition of a loan agreement from MXC Capital Guernsey Ltd between MXC and Digital Petcare UK Ltd. The loan has an outstanding value of GBP1.5 million and carries an interest rate of 12%. In exchange, Tialis will issue 2.3 million shares at 64 pence, to the same value of the outstanding loan. The loan has been placed into a newly created subsidiary of Tialis called Tialis Essential IT Debt Ltd. In addition, Tialis has also acquired MXC's outstanding equity position, of around 10.6%, in CloudCoCo Group PLC. In exchange Tialis will issue 310,821 shares to MXC at 64p, to the value of GBP198,926. Tialis says this is the first of several new deals it plans to undertake as it expands its activities to deliver growth through acquisition.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
XtractSutton Harbour HoldingsWestminster GroupGeiger CounterDirect LineTialis Essen ItAviva