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Proactive news round-up: Hayward Tyler, Akers Biosciences, MaxCyte ...

A glance at some of the stories on the Proactive newswire today
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Today's Proactive wire stories

Proactive Spotlight:

Hayward Tyler Group PLC’s (LON: HAYT) shares have surged more than 39% today after confirming it has been approached by Avingtrans plc (LON:AVG) for a possible takeover offer.

The pumps and motor specialist said were in the early stages and there was no certainty that an offer will be made.

Avingtrans, which supplies engineered components and services to the energy, medical and traffic management  industries, has until 5.00pm on 28 April to make an offer.  

Earlier this month Hayward announced a slew of contract wins and said it had extended its deadline for a short-term loan facility. 

The company’s share price took a hit last year after it revealed some orders were taking longer to close than originally envisaged but said it was merely due to delays rather than lost contracts. 

Other Proactive news stories:

Akers Biosciences Inc (LON:AKR) has announced a US$2mln fundraising to prop up its balance sheet. The group will issue 1,448,400 common shares at US$1.40 per share. Shares fell 17% to 145p.

Drug developer MaxCyte PLC (LON:MXCT) has unveiled ambitious plans to raise £20mln, which will be used to accelerate the development of its immuno-oncology platform, CARMA.

Material and chemical specialist Graphene NanoChem plc (LON:GRPH) updated on its debt restructuring exercise, saying it will be completed by the middle of the second quarter.

The circulating tumour cell (CTC) capture technology  by NetScientific PLC'S (LON:NSCI) investee company Vortex Biosciences has been further endorsed in two research papers.

Chesnara Plc (LON:CSN), the owner of Countrywide’s old pension arm, raised its dividend for the 12th consecutive year on the back of strong cash generation and a positive outlook. 

Peppa Pig owner Entertainment One Ltd (LON:ETO) has said its full-year performance has been in-line with its expectations driven by strong growth in Television and Family and an improved second half performance in Film.

eg solutions PLC (LON:EGS), the back-office workforce optimisation company, has landed a US$2.7mln, three-year contract with an unnamed global bank.

Thor Mining PLC (LON:THR, ASX:THR) has appointed mining industry veteran and Metal Tiger director Alastair Middleton  to its board as a director.

Eland Oil & Gas (LON:ELA) has given details of its success production restart at the Opuama field in Nigeria, where new crude shipping arrangement have unlocked new opportunities. Shares rose 5% to 48.2p.

Ascent Resources Plc (LON:AST) has told investors it has had the all clear after an appeal against a planned gas treatment facility in Slovenia was dismissed.

Falcon Media House Limited (LON:FAL), the OTT video streaming focused firm released interim results today, for the 12 months to end December last year, before it changed its name from Falcon Acquisitions. This week it began retrading under that name having been suspended since July of last year after it announced the proposed acquisition of Orbital Media.

Zamano Plc (LON:ZMNO) posted 2016 results, which showed a 32% increase in revenues and pre -tax loss of  €5.2mln for the full year. As reported in February, regulatory changes have impacted the smartphone content supplier which is now in the procee of winding up its existing business and considering alternative options.

Mining group Ortac Resources Ltd (LON:OTC) has further increased its holding in DRC-focused gold explorer Casa Mining and now holds  22.80% of the private firm.

Shares in trading group Wishbone Gold PLC (LON:WSBN) rose 20% as it unveiled a new joint venture aimed at tapping gold mining in Honduras.

Eco Atlantic Oil & Gas (LON:ECO) highlighted Exxon's latest neighbouring oil discovery, marking its third find in the block adjacent to the junior explorer's.

Shares in Anglo African Agriculture plc (LON:AAAP) surged as it saw strong growth in the first quarter where demand for its food products had exceeded factory output.

Digital media and social video broadcaster Brave Bison Group plc (LON:BBSN) slashed its losses last year as revenues jumped and its cost-cutting strategy kicked in.Sahres rose 2% to 1.15p.

Lithium explorer European Metals Holdings Ltd (LON:EMH) has confirmed the pre-feasibility study for its Cinovec deposit in the Czech Republic will be published in April.

Nigeria-focused LEKOIL (LON:LEK) has agreed a US$15mln advanced payment facility with a local offshoot of Royal Dutch Shell for production from the Otakikpo field. Shares rose 4% to 22.8p.

Condor Gold PLC (LON:CNR) has reported some early indications of gold from its new scout drilling programme at La India.

KEFI Minerals plc (LON:KEFI) has received formal confirmation that a £2.5mln equivalent VAT refund from the Ethiopian authorities is now with the appropriate department for payment.


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