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Proactive news snapshot: Primary Health Properties, Circassia Pharmaceuticals, Shield Therapeutics …

Published: 15:30 24 Jan 2019 GMT

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GP surgeries and primary care specialist Primary Health Properties PLC (LON:PHP) is increasing the increase the size of its portfolio to 479 properties worth £2.3bn through a merger with MedicX Fund (LON:MXF) . The merger values MedicX shares at 88.7p or £393mln in total. PHP shareholders will own 69% of the enlarged company.

Respiratory disease specialist Circassia Pharmaceuticals PLC (LON:CIR) has acquired the exclusive US and Chinese commercialisation rights to AirNOvent – a treatment for persistent pulmonary hypertension of the newborn.

Drugs developer Shield Therapeutics PLC (LON:STX) saw an explosive increase in revenues in the second half of 2018 thanks to its commercialisation agreement with Norgine. A trading update covering the first half of the company’s current fiscal year revealed revenues for the period are expected to clock in at around £11./9mln, up from £637,000 in the corresponding period of 2017.

Specialist medical imaging technology company Feedback PLC (LON:FDBK) saw a sharp increase in invoiced sales in the first half of its fiscal year.

Aquaculture group Benchmark Holdings PLC (LON:BMK) expects heavy investment in new product development to deliver strong returns over the next eighteen months. Demand for disease and sea lice resistant salmon eggs had already meant a good start to trading in 2019 said Malcolm Pye, chief executive.

SigmaRoc PLC (LON:SRC) has increased its committed credit facility with Santander UK to a total of £34mln in order to purchase and cancel £10mln of convertible unsecured loan notes (CLNs). It said the increased facility will also provide the group with further acquisition finance for further target businesses it has identified.

Connemara Mining Company PLC (LON:CON) has said drilling continues to be on schedule at the Stonepark Zinc Project, located in Limerick, Ireland, with the fourth hole currently underway. The AIM-listed the Irish gold and zinc exploration and development added that analysis and interpretation of the drilling, which is being undertaken by its joint venture partner, Group Eleven Resources Corp, is expected by the end of the first quarter of 2019.

Regency Mines PLC (LON:RGM) has exercised its option to acquire a 50% interest in a North American vanadium project from Breakaway Exploration Management Inc. The firm had originally acquired the option in December for a fee of £25,000, which was settled through the issue of 5mln new shares at 0.5p apiece – a 43% premium to the market price when the deal was agreed.

The first person has been treated in the US phase IIb clinical study of ReNeuron Group PLC’s (LON:RENE) CTX stem cell therapy candidate for stroke disability.

88 Energy Ltd (LON:88E, ASX:88E) told investors that it expects to mobilise the drill rig for the Winx-1 exploration well in the next seven days. It comes as the company, in a statement, said that ice road construction to the well site is now around 85% complete.

Tower Resources PLC (LON:TWR) has launched a placing to raise £1.7mln through a share placing and subscription to support the funding of a drill programme at the Njonji area of the Thali project, in Cameroon. It intends to sell some 170mln new shares priced at 1p.

BlueRock Diamonds PLC (LON:BRD) has temporarily suspended operations at its Kareevlei mine in South Africa due to a section 54 notice from the country’s mining regulator.

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