Arix Bioscience Plc (LON:ARIX) said it had seen a significant uplift in the value of one of its investee companies and updated on the progress of three other drug developers in which it holds interests. The book value of its stake Artois Pharma was boosted 26% to £15.3mln following a Series B financing round that was backed by the venture capital arms of industry giants Pfizer and Novartis.
RM Secured Direct Lending PLC (LON:RMDL) is well positioned to benefit from the recent increase in the Bank of England’s key lending rate. The quarter-point rise in interest rates will see additional income flow through on that part of the portfolio - 55% of the total - that has sterling floating rate loan exposures and which does not have a Libor floor.
Diversified Gas & Oil PLC’s (LON:DGOC) integration of the large batch of oil and gas assets acquired from EQT in the Appalachian Region is on track. The acquisition, in June, cost US$575mln and more than doubled production to around 60,000 barrels a day equivalent. At the time, DGOC estimated the purchase would have boosted 2017 earnings by 289% on a pro-forma basis.
Copper explorer Asiamet Resources Limited (LON:ARS) said the bankable feasibility study for its BKM project in Kalimantan will be delivered by the end of September. Original scheduled for mid-year, optimisation of the mine plan is almost complete with key inputs being finalised the junior said in a statement today.
BlueRock Diamonds PLC (LON:BRD) has had the prospect of a winding-up of its main subsidiary lifted after reaching an agreement with former chief executive Riaan Visser. A sum of £230,000 will be put into escrow as a full provision for the claim by Visser against susbidiary Kareevlei Mining.
Real Good Food PLC (LON:RGD) announced it has raised gross proceeds of £1.0mln under its recently announced open offer, which it said was heavily oversubscribed with valid for approximately 149% of the offer shares. The group added that qualifying shareholders will receive their application in full and those who have validly applied for excess shares will receive approximately 60.78% of their application on a pro rata basis.
Scancell Holdings Plc (LON:SCLP) has announced that Kate Cornish-Bowden will be stepping down as a non-executive director of the company as of 31 August 2018 after seven years on the board.
Premier African Minerals Limited (LON:PREM) announced that Russel Swarts decided not to stand for reappointment and therefore ceased to be a director of with effect from close of the AGM yesterday. The group added that Swart will continue to act as a consultant to the company and to provide ongoing financial oversight as may be required.
hVIVO PLC (LON:HVO) said it was notified yesterday that on 9 August 2018 its executive chairman Trevor Philips purchased 23,500 ordinary shares in the company at a price of 65.0p each. Following this transaction, the group said, Phillips' total interest in the company has increased to a total of 32,535 ordinary shares, representing approximately 0.04% of the issued share capital.