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Proactive news headlines: Immotion Group, Sunrise Resources, LoopUp Group, Oracle Power …

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

Immotion Group PLC (LON:IMMO) has said it is seeing “encouraging levels of revenue being generated” from a number of its recently reopened partner sites. The out-of-home virtual reality (VR) entertainment specialist said a number of its sites were showing “very high levels of utilisation” following their reopening, with two new installations completed post lockdown, at the Oklahoma Aquarium and Mystic Aquarium, operating at almost full capacity. Immotion also said it has seen “brisk trade” at its own ImmotionVR centres in the UK, with booking and revenues “very encouraging”.

Sunrise Resources PLC (LON:SRES) told investors it has received a mine permit for the CS perlite-pozzolan project in Nevada, USA. It means the project can move into the trial mining stage, along with advancing detailed engineering work, financial modelling and mine finance evaluation. Chairman Patrick Cheetham described it as “a major value-adding milestone” for the company which puts the project on the map as just one of few permitted deposits of perlite and high-quality natural pozzolan in the United States.

LoopUp Group PLC (LON:LOOP) said it has extended its flagship solution, LoopUp, to include global cloud voice services via direct route integration with Microsoft Teams alongside its premium remote meetings capability. The conference call and remote meeting specialist said the new capability will allow users to make and receive voice calls directly from their Teams interface on any device irrespective of location. The extension also officially launches a new scope of LoopUp, which has to date been available on a limited geographic basis.

Oracle Power PLC (LON:ORCP) has inked an agreement with the private office of Sheikh Ahmed Dalmook Al Maktoum which will see them potentially partner and collaborate to explore potential mining opportunities in Africa. Sheikh Ahmed Dalmook Al Maktoum - a prominent Emirati - via the HH Private Office vehicle, currently develops and owns various projects across the natural resources sector in Africa. Dubai-based HH Private Office is also Oracle’s largest shareholder, with a 15.1% stake, and is notably supportive of the group’s plans at the Thar Block VI project in Pakistan.

Directa Plus PLC (LON:DCTA) announced that it has signed a technical and commercial agreement with Italdesign S.p.A, a global leader in automotive design and engineering. The leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets said the partnership between has been signed for an initial nine years to explore, test, and build automotive components that are enhanced by the properties of the company's proprietary graphene technology. Applications could include car interiors, paints, and mechanical components.

Remote Monitored Systems PLC (LON:RMS) said its security and risk management subsidiary, Cloudveil, has formed a strategic partnership with integrated security solutions firm Axis Security Services Limited. The AIM-listed firm said the partnership will be launched with the delivery of a range of specialist consultancy services at “one of Axis’s more prestigious accounts”, with Cloudveil to provide its management information platform, IRIS, at the City of London headquarters of a well-renowned professional services firm.

Primary Health Properties PLC (LON:PHP) has said it is seeing strong demand for extra space created at all levels by the coronavirus pandemic. The company, which operates 490 facilities such as GP and dentists’ surgeries and pharmacies in the UK and Ireland, provided the update alongside its interim results. They showed a business in rude health with an occupancy rate the envy of the sector at 99.5% and only 2.3% of its rent due to expire in the next three years. The group posted adjusted earnings of £36mln for the six months ended June 30, up 29%. Net rental income was £64.8mln, ahead by a fifth on the same period last year.

Plexus Holdings Plc (LON:POS) told investors it has received a new order for its POS-GRIP surface production wellhead system, with Centrica PLC (LON:CNA) backed Spirit Energy taking the equipment for a new gas well in the UK North Sea. Spirit will receive the 5,000psi leak proof metal-to-metal sealing surface production wellhead and associated spares and equipment for the new gas well. It is slated for delivery in February 2021 It is the second order received from Spirit and notably, it is the company’s first new business win since the coronavirus (COVID-19) pandemic struck.

Brunner Investment Trust PLC (LON:BUT) has increased its interim dividend and said it will use its reserves to maintain payments while payouts from its portfolio recover after the coronavirus (COVID-19) disruption. The trust's net asset value in the half-year to May declined by 5.9% to 890p due to the volatility caused by the pandemic, though there was a 33% drop in earnings as companies in the portfolio reduced dividends to preserve cash. Brunner said it had revenue reserves equivalent to 27.6p at the end of May to continue to pay the dividend and sees payment expectations improving though recovery to former levels will take time.

Custodian REIT PLC (LON:CREI) said it had completed a forward funding agreement and purchased the land for a pre-let development. The investment trust said it has acquired 0.6 acres of land in Nottingham adjacent to the Castle Marina Shopping Park and near to the recently developed NG2 Business Park on the A453 Queens Drive, the main route into Nottingham city centre from the south.

Integumen PLC (LON:SKIN) announced that it has secured a £3mln three year loan facility with Riverfort Global Opportunities PCC Limited and YA II PN, Ltd that requires no loan repayments until calendar year 2021. It said the initial drawdown of £1.5mln provides the company with working capital to allow it to achieve the board's 2020/2021 objectives relating to coronavirus (COVID-19) AI product development and Labskin expansion of support services into the US and Asia. Gerard Brandon, CEO of Integumen commented: "Integumen has built multiple revenue streams, guided £4m in revenue for 2020 and continues to expand product and service development programmes.  This comprehensive loan facility has been designed to align with the Company's guided revenue projection and provide sufficient working capital to maintain and build on that growth well into 2021.  Our objectives for the next year see further opportunities to support the fight against COVID-19 and expansion of our Labskin services business into new regions and these funds will support that progress. "

Premier African Minerals Limited (LON:PREM) has confirmed the completion of the sale and purchase agreement to acquire a portfolio of hard-rock lithium assets located in Zimbabwe and Mozambique from Lithium Consolidated Ltd (Li3). As announced on June 10, 2020, the company has satisfied both the purchase consideration of UA$150,000 (approximately £83,079.48) plus the payment of inspection fees for the claims in Zimbabwe until 2021 (approximately £9,557.97 in the form of 124,512,702 new ordinary Premier shares issued at an issue price of 0.0744p. George Roach, chief executive of Premier African commented that "the additional tenements in Zimbabwe complement our existing exploration projects and add potential for further discovery as well as the possibility of consolidating existing artisanal exploitation already prevalent in some of these additional areas.” He added: “The tenement acquired in Mozambique has reports of extensive illegal artisanal gold mining and Premier will immediately arrange a site presence and in conjunction with the Mines Department, plans to bring this under control while we understand the resource and the extent of the opportunity."

ADM Energy PLC (LON:ADME) has announced the appointment of a former UK Government Minister for Africa, Sir Henry Bellingham as a non-executive director of the company with immediate effect The oil and gas investing company noted that, in a distinguished Parliamentary career of almost 40 years, Bellingham held a number of other senior positions including Foreign Office Minister for The UN, Caribbean, Overseas Territories and Conflict Issues; chairman of the Westminster Foundation for Democracy; chairman of the All-Party Group on the Commonwealth; and the Prime Minister`s Trade Envoy to Libya. In addition to his Parliamentary career, he has held several non-executive roles on AIM companies and, until recently, was non-executive chairman of Pathfinder Minerals PLC since 2014. 

Metal Tiger (LON:MTR), the AIM-listed investor in natural resources opportunities, announced that it has received a warrant conversion notice for 68,965 new shares at a price of 20p each for a total of £13,793.00. The 68,965 new ordinary shares are expected to be admitted to trading on AIM on or around August 3, 2020.

Savannah Resources PLC (LON:SAV) has released a new video in relation to its Mina do Barroso Lithium Project in Portugal. The video can be viewed online at http://www.savannahresources.com/investor-relations/media-and-webcasts/

Amryt Pharma PLC (LON:AMYT) (NASDAQ:AMYT), a global, commercial-stage biopharmaceutical company dedicated to developing and commercializing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases, has announced that it will host a Key Opinion Leader (KOL) call on Epidermolysis Bullosa (EB) disease on Monday, August 3, 2020, at 10.00am ET (3.00pm BST). The call will feature a presentation by KOLs Harper Price, MD (Phoenix Children's Hospital) and Brett Kopelan (debra of America) who will discuss the current disease landscape and unmet medical need in treating patients with EB and will be available for questions at the conclusion of the event. To register for the call, please click: https://lifescipartners.zoom.us/webinar/register/WN_3eEcjcknRnSbgHyxF3KKRA

Chariot Oil & Gas Limited (LON:CHAR) the Atlantic margins focused oil and gas company, has said its annual general meeting will be held on September 8, 2020, at 10.00am. In light of UK government instructions, the AGM will be convened with the minimum necessary quorum of two shareholders - which will be facilitated by Chariot – and shareholders must not attend the in-person. Given the restrictions in place, the company intends to host a conference call for investors at 12.00pm BST on September 8, where management will provide an update on operations and there will be a question and answer session at the end, details of which will be provided in a later announcement. The result of the AGM will be announced shortly after its conclusion and published on the company's website.

Aminex PLC (LON:AEX) said that, as previously announced, this year's annual general meeting, to be held at 2pm on Wednesday July 29, 2020, will be a closed meeting.  In order to listen to the proceedings of the meeting remotely by teleconference, please use the updated dial-in details: United Kingdom (local) - 020 8322 2500; Ireland (local) - 01 4360958; All other locations - +44 (0) 20 8322 2500; Listen-Only Access Code - 4333698#.

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