6th Jan 2026 20:17
(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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Zanaga Iron Ore Company Ltd - iron ore exploration and development company - Announces positive results from completion of four key workstreams, first announced last March. The workstreams have delivered significant value enhancement and strategic benefits across multiple areas of the Zanaga Iron Ore Project, the firm says. Zanaga forecasts USD11.33 billion of potential revenue upside over the initial 30-year life of the asset due to product grade improvement which was separately announced in June 2025. In addition, projects total combined capital expenditure savings potential of USD352 million and total combined cash cost savings of USD2.24 billion over the initial 30-year LoA. "The outcomes of these value enhancement workstreams are significant for the Zanaga Project, as each has delivered meaningful improvements to the risk and engineering basis, environmental performance and project economics," says Chief Executive Martin Knauth. Next milestones are expected in the first quarter of 2026.
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Distil PLC - London-based owner of premium alcoholic drinks brands such as RedLeg Spiced Rum, Blackwoods Gin and Gem Diva - Announces a packaging refresh for RedLeg Spiced Rum which it calls the "most significant packing update since the brand launched in 2012". The refreshed pack is rolling out to stores and on-trade venues nationwide now, Distil says. Marketing Director Sarah Kingsbury says: "Early performance is encouraging".
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Amigo Holdings PLC - West and Central Africa-focused gold exploration company - Intends to convert tranche 1 of loan notes, first announced in November, into 375 million ordinary shares at a conversion price of 0.3 pence per share. A further 125 million shares remain issuable upon conversion of the balance of the loan notes at the same conversion price. Amigo will provide a further announcement in regarding the timing and completion of the tranche 2 conversion.
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Time Out Group PLC - London-based media and hospitality company - Confirms that the placing, the retail offer and the debt for equity conversion as detailed in December will proceed to completion. This follows approval by shareholders at a general meeting on Tuesday.
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HgCapital Trust PLC - provides access to private equity investments of manager Hg - HgCapital Trust is to invest around GBP93 million in OneStream with other institutional clients of Hg investing alongside HgT through the Hg Saturn Fund. The investment reduces HgT's outstanding commitments to invest in Hg transactions to GBP1.7 billion - 68% of the pro-forma September 30 2025 net asset value.
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By Jeremy Cutler, Alliance News reporter
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