Silence Therapeutics PLC (LON:SLN) announced it has formally filed the documentation ahead of its listing in the US as it provided an update on the progress of its drug pipeline, financial position and new hires.
Frontier IP PLC (LON:FIPP) said one of its portfolio companies was making “significant progress” developing a COVID-19 vaccine for animals. The approach pioneered by The Vaccine Group (TVG) would stop the disease jumping from one species to another and spilling over to humans.
Benchmark Holdings PLC (LON:BMK) said it has completed the sale of Improve International Limited, a provider of professional development training for vets, as part of its strategy to exit its non-core activities.
SDX Energy Plc (LON:SDX) highlighted its positivity in Egypt and Morocco following analysis of recent well results. Management estimates Sobhi will generate around US$25mln of cash flow to SDX (undiscounted, post-tax, after capex).
i3 Energy Plc (LON:I3E) has exercised its option to acquire producing assets in Canada, picking up all of the issued and outstanding common shares of Toscana Energy Income Corporation (TEIC). The acquired assets produced an average of 1,065 barrels of oil equivalent per day (hoped) net to generate C$5.5mln of field net back.
Canadian Overseas Petroleum Ltd (LON:COPL) has raised £700,000 of new capital with a share placing with three investors. The cash injection will be used to cover working capital and allow the company to focus on the OPL 226 asset in Nigeria.
Coinsilium Group Limited (LON:COIN) said its investee company, Factom Inc, had filed for reorganisation under Chapter 11 Subchapter V to address structural issues preventing them from raising further capital.
Bushveld Minerals Limited (LON:BMN) moved higher on Tuesday as the miner retained its production guidance for 2020 despite disruption to its operations from the coronavirus pandemic.
Live Company Group PLC (LON:LVCG) has reported lower losses following what the firm said was a “transformational” year for its business. For the year ended December 31, 2019, the media group reported a pre-tax loss of £1.8mln, lower than the £2.1mln loss in the prior year, while revenues increased to £5.4mln from £4.9mln in 2018.
Oracle Power PLC (LON:ORCP) booked losses of just under £1.1mln for the year to December 2019. The company called it “a year of significant progress” as it looks to develop one of the largest power projects in Pakistan at its Thar Block VI project.
The chief executive Anglo Asian PLC (LON:AAZ), Reza Vaziri, has written to shareholders of the company, in light of his inability to be present at the company’s general meeting in London. “2019 has been another year of consistent delivery for the company,” he said.