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Proactive news snapshot: ANGLE, S & U, Supermarket Income REIT, Advanced Oncotherapy …

A glance at some of the day's highlights from the Proactive Investors newswire

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Your daily round-up from the world of Proactive

ANGLE PLC (LON:AGL) said researchers in Western Australia using the Parsortix liquid biopsy system have found another use for the cancer detection device. A team at Edith Cowan University in Perth deployed the technology to monitor people with melanoma and were able to sort them into high risk and low-risk groups.

S & U PLC (LON:SUS), the specialist motor finance and property bridging lender has said performance in the financial year just ended was in line with expectations. The company noted that trading since its last update, just before the General Election, has seen an improvement in transactions in both parts of its business (motor finance and bridging loans). The used car market in which Advantage exclusively operates remains in robust health, S & U said.

Supermarket Income REIT plc (LON:SUPR) has confirmed it is in talks with a large institutional investor to acquire a minority stake in a portfolio of 26 supermarkets let to Sainsbury's. Terms have not been agreed and a deal might not be concluded added the trust.

Advanced Oncotherapy PLC (LON:AVO) said it has selected The London Clinic to staff and run a second state-of-the art proton beam facility. The two companies have signed an outline deal called a memorandum of understanding under which AVO will lease part of The London Clinic's premises to install the treatment room. A profit-sharing agreement has been put in place, although full commercial details were not revealed.

Ali Mortazavi, the former chief executive of Silence Therapeutics, is to take over at e-Therapeutics PLC (LON:ETX) as executive chairman following wholesale board changes, with the firm also launching a £1.6mln refinancing. Current e-Therapeutics chairman Iain Ross is standing down, alongside chief executive Ray Barlow and chief financial officer Steve Medlicott. The placing will be at 3p per share, a 24% discount to last night’s close.

Eurasia Mining PLC (LON:EUA) has confirmed that, following social media speculation, trading in its ordinary shares on AIM has been suspended at 7.45am on Tuesday pending clarification of its relationship with CITIC. It said further updates would be made shortly.

Gaming Realms PLC (LON:GMR) has predicted that revenues for its current year will be “mostly ahead” of its expectations, as it also revealed that its chief executive will be stepping down with immediate effect. The developer of mobile gambling games said its performance had been driven by its content licensing business, which had added eight new agreements during the year, while the improved revenues and cost control meant it now expects to report an adjusted (EBITDA) loss for the year of £500,000.

OPG Power Ventures PLC (LONOPG) has boasted “another strong operational performance” as it updated investors on trading across the first nine months of its financial year. In a stock market statement, the Indian power firm said it generated some 2.09bn units of total generation in the period ended 31 December, compared to 2.15bn in the same period a year earlier.

Alien Metals Ltd (LON:UFO) has now commissioned its IP survey at the Donovan 2 copper-gold project in Mexico. The purpose of the survey is to generate high-priority drill targets, and the results are expected during the current quarter.

Walls & Futures REIT PLC (LON:WAFR), the ethical housing investor and developer, saw its net asset value (NAV) per share surge by 15% last year. The real estate investment trust (REIT) said that following completion of its Didcot property in December 2019, and the annual valuation of the company's residential property portfolio, the NAV per share was 106p, up from 92p a year earlier.

Anglo Pacific Group PLC (LON:APF) (TSX:APY) said it has agreed to provide a six-month extension to the warrants previously granted to Investec Bank PLC on 10 February 2017 which were due to expire on 10 February 2020. It added the extension was granted as a result of the holder being restricted from exercising its warrants for a period of time over the past twelve months, as a result of being in possession of inside information in relation to potential transactions being contemplated by the company. The group said there are no changes to the term of the warrants and as such the 294,695 warrants are exercisable at a subscription price of 158.00p until 10 August 2020.

Diversified Gas and Oil PLC (LON:DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells and midstream assets, said its senior management will participate in the Credit Suisse 25th Annual Energy Summit on Tuesday, 3 March 2020, to be held at the Grand Hyatt Vail in Vail, Colorado.

Summit Therapeutics (LON:SUMM) (NASDAQ:SMMT), a leader in antibiotic innovation, has reminded shareholders that its ordinary shares will cease trading on AIM at 7.00 am on 24 February 2020, and, accordingly, the final day of trading will be 21 February 2020. It added that the company’s American Depositary Shares (ADS’s) will remain listed on the Nasdaq Global Market and all public trading of shares in the company after that date will take place on that exchange; one ADS is represented by five Ordinary Shares. The group noted that its ordinary shares will continue to be capable of being held and transferred in certificated form, but there will be no public market in the UK on which the shareholders will be able to trade them.

Metal Tiger PLC (LON:MTR), the AIM-listed investor in natural resource opportunities said that, further to its announcement on 10 February, investee company Southern Gold Limited has announced that it has received binding commitments from investors in respect of a A$10mln placement, conditional on the approval of Southern Gold shareholders at a general meeting, expected to be held in early to mid-March. Assuming Southern Gold shareholders approve the Placement, Metal Tiger said it will be interested in approximately 14.90% of the company. As part of the terms of Metal Tiger’s investment, Terry Grammer, a non-executive director of Metal Tiger, will join Southern Gold’s board.

FastForward Innovations Ltd (LON:FFWD), the AIM-quoted company focused on investing in fast-growing, industry-leading businesses, said it has prepared an updated Key Information Document which can now be viewed on FastForward's website via the following link: http://bit.ly/37gpFLv

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