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Clipper Logistics sails to the aid of the NHS

A look at some of the major movers in London on Friday

Mediazest PLC -

Clipper Logistics PLC (LON:CLG), the retail logistics specialist, sailed 8,3% higher to 167.8p after it it won a gig with the National Health Service (NHS).

The company has been contracted to provide services to establish a new supply chain for NHS Personal Protective Equipment (PPE) products, delivering to NHS Hospital Trusts and other healthcare providers across the country.

“We are all pleased to be able to support the NHS in a critical time for the country, helping NHS staff operate safely whilst caring for those in need,” said Steve Parkin, the executive chairman of Clipper.

1.30pm: Next plans sale-and-leaseback to raise cash

Next PLC (LON:NXT) eased 4.4% to 3,450p after the clothing retail giant sold its headquarters and three warehouses to tide it over the coronavirus pandemic.

The FTSE 100 group hopes to raise around £100mln from the sale and lease-back of its head office in Leicestershire and, separately, three warehouses in West Yorkshire.

Chief executive Simon Wolfson said he expected the sales would "secure the cash resources of the business" for the future as it took "all the measures" to protect itself.

12.30pm: DP Aircraft suspends divi

DP Aircraft I Limited (LON:DPA) lost a fifth of its value at 0.2p as it confirmed that discussions are continuing with Norwegian Air over lease obligations.

Talks also remain in progress with Norddeutsche Landesbank Girozentrale on behalf of the lending banks providing debt financing in respect of the two aircraft leased to Norwegian Air.

These discussions are expected to drag on so the company has decided to suspend the payment of dividends until further notice.

11.30am: Private placement of shares puts a dent in Aston Martin

Shares in luxury car maker Aston Martin Lagonda Global Holdings PLC (LON:AML) reversed 20% to 72p as Deutsche Bank completed a private placing of shares.

READ Aston Martin confirms £536mln cash injection as it furloughs staff amid coronavirus shutdown

Primewagon (Jersey) Limited, a member of the Adeem/PW shareholder group that participated in Aston Martin’s recent fund-raising, has today successfully completed the private placement of roughly 84 million nil paid rights to certain institutional shareholders.

Aston Martin will not receive any funds from this transfer of ownership of shares.

10.30am: Anexo not experiencing any coronavirus-related disruption

Anexo Group PLC (LON:ANX) rose 11% to 121p after it said it is not experiencing any hit to its business from the coronavirus pandemic.

The credit hire and legal services provider said cash collections have continued to grow and that the credit hire operation has been net cash generative for the first two months of 2020.

The trading update contained a medley of the greatest hits from the COVID-19 update songbook: withdrawn financial guidance; suspension of the dividend; cash conservation, including the deferment of cash bonuses due to the executive directors: and an expression of confidence in the financial strength of the group.

9.30am: Mediazest trading profitably prior to coronavirus outbreak

Mediazest PLC (LON:MDZ) shares zinged 31% higher to 0.0425p in early trade on Friday even after the company admitted its business has been hit by the coronavirus (COVID-19) outbreak.

The company, which issued a profit warning about this time a year ago, said it performed well in the period from October 2019 to January 2020, with underlying earnings (EBITDA) of £58,000 from revenue of £1.2mln.

The in-store audio-visual kit provider said its results for February and to a much greater extent, March were hit by the coronavirus outbreak, as clients began to defer some projects or temporarily closed shops.

Update: The shares subsequently reversed and were down 23% at 0.025p in lunchtime trading.

Oilex Ltd (LON:OEX) topped the early risers with a 43% increase to 0.1p after it was given more time to acquire retention licences from Senex Energy.

The company said the date for the satisfaction of the conditions precedent regarding the acquisition of 27 petroleum retention licences in the Cooper-Eromanga Basins from Senex Energy has been extended by a further six months to 27 September 2020, for a nominal consideration.

“The extension, with minimal licence expenditure commitments, will give the company the opportunity move the projects forward in the best interests of all stakeholders," said Joe Salomon, the managing director of Oilex in a statement.

Proactive news headlines:

Bango PLC (LON:BGO) has expanded its global data partnership and will receive a strategic investment from NHN Corp, a South Korean big data business. Under the agreement, NHN will invest £6.5mln into the Audiens data platform, owned by Bango’s subsidiary Bango Deep, giving NHN a 60% stake. The company said the two are aiming to develop Audiens into a global data leader through the use of a customer data platform (CDP), which will allow all brands to “plan, execute and analyze their online marketing activities”. In addition to the Bango Deep investment, NHN has also agreed to subscribe for around 3.5mln new shares in Bango itself, for £3.2mln.

ReNeuron Group PLC (LON:RENE) has said it is assessing the potential of an emerging cell technology to help in the fight against the coronavirus (COVID-19). It has developed a line of the human exosomes that can deliver a medically relevant payload; viral vaccines, for example. “Previously presented, unpublished data show that ReNeuron's exosomes can be loaded with biologically active cargo and delivered preferentially to certain specific sites in the body,” the company said in a statement. “This research is in its initial stages, the goal being to establish whether an increase in the potency of SARS-CoV-2 coronavirus vaccines in development can be enhanced in this way, utilising ReNeuron's established expertise in exosome isolation, modification and manufacture at scale.”

Coinsilium Group Limited (LON:COIN) has said its portfolio companies and partners are “well prepared to face the challenges and respond to the needs of a post-coronavirus world” as it updated on its progress amid the disruption of the pandemic. “The disruption caused by the measures taken to fight the coronavirus also show a move towards increased reliance on electronic forms of communication and payments by businesses and individuals. We see this global move as the generator of new opportunities for blockchain companies around the world”, the company said in a statement.

Bahamas Petroleum Company PLC (LON:BP.) said that its Bahamian backer, a substantial institutional family-office investor, has exercised its right to convert some £800,000 of loan notes into equity. This is the latest conversion, following £1.44mln in February, and the conversion price was marked at 1.28p per share. A total of 62.5mln shares will be issued to the investor, and, some £2.46mln of loan notes are presently retained by the investor.

Rockfire Resources PLC (LON:ROCK), the gold and base-metal explorer, has completed further technical interpretation on the company's wholly-owned Plateau Gold Deposit. Results from this work continue to demonstrate that a significant deposit of gold has been intersected at Plateau, which is part of the Lighthouse tenement in North Queensland, Australia.

Zoetic International PLC (LON:ZOE), the London listed vertically integrated CBD company, said it has issued 12,900,000 new ordinary shares in the company to members of its management team in accordance with incentive arrangements established in March 2019. The shares have been issued as fully paid in equal amounts to Trevor Taylor, the company's chief strategy officer, and Antonio Russo, the company's chief revenue officer.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) has completed civil earthworks at the process plant and non-process infrastructure site of the Lake Way Project in Western Australia's Goldfields region. Non-process infrastructure includes accommodation, power, raw water storage and buildings. Early process plant construction work is underway and the project remains on schedule for December 2020 commissioning.

Ferro-Alloy Resources Limited (LON:FAR) said it has allotted and issued 500,000 new fully paid ordinary shares in the company to a financial services provider in consideration for their retained services.

Learning Technologies Group PLC (LON:LTG), the provider of services and technologies for digital learning and talent management, has said it will publish its full-year results for the year ended December 31, 2019, on April 16, 2020. The revised date follows the group's compliance with the previous recommendations of the Financial Conduct Authority and the Financial Reporting Council that listed companies should delay the publication of preliminary financial statements for at least two weeks.

Separately, Learning Technologies also said that following the exceptional performance of BreezyHR, which was acquired in April 2019 and which delivered around 60% organic revenue growth in the full-year, it has now settled $4.0 million of the deferred contingent consideration by the issue of 2,408,585 new ordinary shares in lieu of a cash payment.

ADES International Holding PLC (LON:ADES), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), said it will announce its full-year results for the twelve months ended December 31, 2019, on Tuesday April 7, 2020. The release date has been set in accordance with the Financial Conduct Authority's directive for a two-week moratorium on the publication of preliminary statements of account, which ends on April 5, 2020.

Greencoat UK Wind PLC (LON:UKW) has said that, as it is no longer legally possible to hold its annual general meeting (AGM) in the way that the board had planned, the meeting will instead be convened at The Office, Home Farm House, Iwerne Minster, Dorset, DT11 8LT, with the minimum necessary quorum of two shareholders present to conduct the business of the meeting. As physical attendance at the AGM will not be lawful, shareholders who wish to register their votes on the resolutions should do so by completing and signing the proxy form that accompanied the 2020 AGM Notice. The AGM will be recorded and an audio cast of the meeting will be available for shareholders to listen to subsequently on the company website.

Location Sciences (LON:LSAI), the leading location data verification company, has reminded all shareholders that, to comply with the UK government's rules during the coronavirus pandemic, they should not be attending the company's Annual General Meeting (AGM) to be held at 9.00am on April 9, 2020, in person and instead appoint the group’s chairman as their proxy with their voting instructions. The company said, as an alternative, it is offering shareholders the option of attending the AGM via webinar by registering in advance by following the link.

Oracle Power PLC (LON:ORCP) said it is to introduce a new investor communication programme, which is aimed at giving shareholders regular news flow together with access to the board and management. This investor relations policy will include updates from the CEO; shareholder conference calls; Q & A documents; and private investor events. The company said it will advise shareholders of the first scheduled event once there is visibility on the lifting of travel restrictions resulting from the coronavirus COVID-19 pandemic.

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