Nasstar (LON:NASA) says that as a result of a test of its senior debt covenants, leverage targets were surpassed and the interest margin payable on its senior debt has been cut to 2.5% from 2.75%.
Nigel Redwood, chief executive said: "This represents a further step-down in our debt costs following the reduction we achieved last year and once again demonstrates our continued capability to deliver against our business plan.
Redx Pharma Plc (LON:REDX) had £5.1mln in cash at the end of March, it revealed in its interim results, leaving it "optimally positioned" to capitalise on its discovery engine.
Respiratory drug discovery and development company Synairgen plc (LON:SNG) remains on track to advance a Pharmaxis compound into Phase I trials this year, while it is looking into continuing development of its inhaled interferon beta candidate, AZD9412, after drugs giant Astra returned the rights to it last month.
The US web hosting firm that signed up for Corero Network Security PLC’s (LON:CNS) Smartwall Threat Defense System last year has placed a new order, in the process becoming the second million dollars-plus a year customer for Corero's flagship product.
Shares in online merchandising specialist ATTRAQT Group plc (LON:ATQT) rose as it held out the prospect of bumper cost savings after its takeover of Fredhopper. The company said the acquisition, which was completed in March, “has been transformational both in terms of the scale and scope of the enlarged group”.
ImmuPharma PLC (LON:IMM) is on schedule to publish first results from its phase III trial of lupus drug Lupuzor early next year with all 200 patients now having had at least three months worth of treatment. The trial runs for twelve months and 28 patients have now received the full dosage, Immupharma said, while 166 are passed six months.
88 Energy Plc (LON:88E) has confirmed that the drilling phase of the pivotal Icewine-2 programme is now complete, with the well reaching target depth of 11,450 feet. The vertical well was drilled on schedule and without incident, the Alaska focussed explorer told investors.
Landore Resources Limited (LON:LND) has found ‘widespread mineralisation’ through its latest drilling campaign at BAM East at its Junior Lake deposit in Ontario. Exploration on the inferred section contained multiple instances of visible gold in the drill-core, the explorer said.
Acquisitive Keywords Studios PLC (LON:KWS) has today unveiled another new deal, picking up GameSim Inc which becomes the group’s first unit in the outsourced engineering business. The company has thus far been specialising in outsourced video game localisation, art and sound, as well as providing live support services for gamers.
Ariana Resources plc (LON:AAU) has received more indications that the gold resource at Kiziltepe is larger than thought with assay results from a site to the west of the mine. Kiziltepe started production in March and the new site, Kiziltepe West, is 4km away by road.