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Proactive news snapshot: Immotion Group, NetScientific, AdEPT Technology …

A glance at some of the day's highlights from the Proactive Investors newswire
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Immotion Group PLC (LON:IMMO) has signed a revenue sharing deal with Rank Group PLC (LON:RNK) which will see it roll out its virtual reality (VR) machines at some of the casino giant’s sites.

NetScientific PLC (LON:NSCI) said its portfolio company, Vortex BioSciences, has presented a study demonstrating how its technology can combine with impedance spectroscopy to improve the analysis of circulating tumour cells (CTCs).

AdEPT Technology Group PLC (LON:ADT) has signed an agreement to acquire UK-based unified communications services provider ETS Communications Holdings Limited.

Financial services group Tavistock Investments PLC (LON:TAVI) saw funds under management (FUM) rise for the 16th quarter in a row in the three months to the end of September.

Westminster Group PLC (LON:WSG) is to acquire manned guarding business Keyguard for up to a maximum £200,000. Adding Keyguard will enable Westminster to offer combined technology and guarding packages for the infrastructure security market and offers cross-selling opportunities into both client bases, it said.

Pragmatism and conservatism continue to be key tenets for Anglo African Oil & Gas plc’s (LON:AAOG) drill programme at the Tilapia field in the Republic of the Congo, where progress has paused in order to avoid risking damage to target horizons. The company told investors it has insisted upon the replacement of two rig parts – which were found to be worn – as they will be critical for the deeper sections of the TLP-103C well.

Cadogan Petroleum PLC (LON:CAD) shares advanced strongly in Thursday morning’s deals after the company’s Vovche-2 well had encountered oil. The well was drilled to its planned total depth, encountered both pre-drill targets and was completed on time and budget.

88 Energy Ltd (LON:88E, ASX:88E) revealed it aims to raise £5.9mln of new capital through a share placing, as it continues to countdown to new conventional oil exploration activities in Alaska. The placing follows on from a right issue which raised £2.02mln, of a possible £7.96mln, and, will see the remainder of the new shares (around 593mln of them) sold to investors at a price of 1p each.

Clinigen Group PLC (LON:CLIN), the global pharmaceutical and services company, held its Annual General Meeting today at which all resolutions were passed and its chairman, Peter Allen, reiterated that the company is well positioned to deliver another year of good progress, as set out at the recent full-year results. It also noted the voting results around two resolutions and said it will continue to have close dialogue with its shareholders to ensure that they and the group are closely aligned.

Scotgold Resources Limited (LON:SGZ) said that it was notified on 7 November 2018 that Nathaniel le Roux, its non-executive chairman acquired 55,000 ordinary shares in the company at a price of 32p each. The group added that, following the purchase, le Roux will have a beneficial interest in 22,578,223 ordinary shares, representing approximately 49.47% of its issued ordinary share capital, up from 49.35% previously.  

Plexus Holdings PLC (LON:POS) has described a period of “considerable progress” as it released full-year results. Significantly, in the year it sold its wellhead business in a £42.5mln to TechnipFMC (with an initial £14.1mln received in the period).

Rockfire Resources PLC (LON:ROCK) told investors that it has kicked-off reverse circulation drilling in the western portion of the Double Event Prospect in Queensland, Australia. The drill programme is expected to run for around ten days, the company said.

Galantas Gold Corp (LON:GAL) (CVE:GAL) has announced the results of the analysis of two channel samples taken from the Kearney vein at its Omagh mine. One channel sample returned a grade of 7.1 grams per tonne (g/t) gold, with 10.6 g/t silver over a true vein width of 1.8 metres and the other returned a grade of 10.4 g/t gold and 22.4 g/t silver over a true vein width of 3.2 metres.

Bloomsbury Publishing PLC (LON:BMY) announced that ‘Kingdom of Ash’, the epic conclusion to Sarah J Maas' #1 New York Times bestselling Throne of Glass series, published by the company, has topped bestseller lists across the world in its first week on sale.

Preliminary results from two early-stage trials featuring Sareum Holdings Plc’s (LON:SAR) SRA737 checkpoint kinase 1 (Chk1) inhibitor cancer candidate are due to be published in the first half of 2019. Chk1 controls a cancer cell's response to DNA damage, which could be caused by the disease itself or intentionally caused by chemotherapy or radiotherapy.

News of ExxonMobil’s plans to develop oil and gas resources in Georgia evidently add credence to the strategies of AIM-quoted oil junior Block Energy Plc (LON:BLOE) which is presently working to redevelop fields in the country. A recently signed agreement between Exxon and the Georgian authorities anticipates the evaluation of the potential of hydrocarbons in West Georgia.

Allergy Therapeutics PLC (LON:AGY), the fully integrated specialty pharmaceutical company specialising in allergy vaccines, has announced the appointment of Scott Leinenweber to the company's board as a non-executive director, nominated by Abbott Laboratories Inc. (NYSE:ABT) in replacement of Jeff Barton who retires from the Board, both effective after close of business on 7 November 2018.

Aggregated Micro Power Holdings plc (LON:AMPH), the specialist provider of distributed heat, power and renewable fuels, said it has issued a call to commence the early redemption of its Convertible Loan Notes (CLNs). The group said the total number of CLNs currently outstanding is £10.01mln, with the directors and management of the company currently holding in aggregate, £2.22mln nominal, which they have committed to convert into new ordinary shares. It added that maximum potential cost of redemption at par is £7.79mln, plus expected interest due of approximately £0.13mln.

Tower Resources PLC (LON:TRP), the AIM-listed oil and gas company with its focus on Africa, has announced that an updated corporate presentation will be available from today on the company's website.


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