The initial focus of the board’s review is that while the company expects to continue to build on its existing foundations of green technology, and may look to acquire complementary technologies, the board is also examining broadening the company’s reach in the green sector.
In particular, it is looking at the health and medical rehabilitation destination sectors as these might complement and support the development of disruptive green energy-focused technologies.
1.00pm: KEFI slides as loan provider converts loan notes into shares
One of the company’s working capital providers has converted £150,000 of loan notes at a price 0.664p per share.
As a result, 23.73mln new shares have been issued to the loan facility provider.
11.45am: GAN given boost from internet gaming in Pennsylvania
The developer and supplier of business-to-business Internet gambling software said the Pennsylvania Gaming Control Board revealed the internet gaming win was US$6.0mln – presumably for the casinos, not the punters – in September up from US$4.0mln in August.
Internet sports wagering gross revenues (after payouts) for September rose to US$13.4mln from US$6.3mln in August.
10.30am: Augean looks next door to expand its landfill operations in Peterborough
Waste management firm Augeon PLC (LON:AUG) climbed 3.5p to 153.5p after it acquired an option to purchase around 90 acres of land near Peterborough.
The land is adjacent to its existing East Northants Resource Management Facility (ENRMF) landfill site.
With appropriate planning and permitting consent, the extension that has been optioned would prolong the life of the ENRMF site until the mid-2040s, Augean said.
9.30am: A tale of two hotels groups – well, three if you include Marriott
The cash offer values Elegant, which owns and operates seven hotels and a beach-front restaurant on the island of Barbados, at around £101mln.
Hotels giant Marriott said the Acquisition would enable it to expand its recently announced all-inclusive platform and offer additional leisure destinations to its Marriott Bonvoy members.
The announcement stole the thunder of InterContinental Hotels Group PLC (LON:IHG), which had a trading update out today.
Not that there was a lot of thunder to steal; shares in IHG were down 2.3% at 4,627.5p after the hotelier reported its weakest quarterly results this year, as the Hong Kong protests and tougher trading conditions in the US and China took their toll.
Group revenue available per room in the third quarter was down 0.8%, with a 36% plunge in Hong Kong.
Proactive news headlines
Amphion Innovations PLC (LON:AMP) has received confirmation that the sale of its stake in medical imaging group Polarean settled its loan facility with no outstanding obligations to the lender. The sale raised US$2.6mln. Shares in Amphion remain suspended with the group still describing itself as ‘highly cash constrained’.