EQTEC PLC (LON:EQT) said it has signed the legal documentation to allow the financial close of the proposed construction and operation of the North Folk 2W biomass project in California. In a statement, the AIM-listed firm said it co-operated closely with partner Phoenix Biomass Energy, which is also a shareholder in North Fork Community Project (NFCP), the project’s manager, to achieve the milestone.
i3 Energy PLC (LON:i3E) told investors it is preparing for a new appraisal campaign for the Serenity and Liberator fields, with work set to start in mid-2020. The aim will be to further delineate the two fields which are estimated to host more than 600mln barrels of in-place crude oil.
Argo Blockchain PLC (LON:ARB) has appointed Peter Wall, one of its co-founders and current vice president of operations, as its new chief executive with immediate effect. The cryptocurrency miner also said that one of its non-executive directors, Gil Penchina, had stepped down from the board on 1 January and been succeeded by Ian Macleod, the former corporate secretary of Canadian social networking services firm Teligence.
Oracle Power PLC (LON:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan, said it has received a notice from Andreas Migge, a non-executive director of the company, that, on 31 December 2019, he exercised certain pre-existing warrants to subscribe for 4,400,000 ordinary shares at a price of 0.50p each. The group said the exercise of these warrants amounts to a cash subscription of approximately £22,000.
Vast Resources (LON:VAST), the AIM-listed mining company, said that, further to its announcement of 18 December 2019 regarding the funding update, the company has submitted a drawdown request for the first tranche issuance to Atlas Capital Markets.
Tally Ltd is planning to launch a new version of its banking phone app at the end of January less than a year after its debut in June 2019. The company, which offers customers the chance to buy currency backed by physical gold, said the second version of the app will see a new design as well as improvements to customer experience.
G3 Exploration Limited (LON:G3E) said, as expected, liquidators have been appointed to assist with the China-focused gas group’s restructuring. The joint provisional liquidators (JPLs) have been appointed by the Grand Court of the Cayman Islands to preserve and protect the company’s assets and identify any opportunities that may exist to restructure or refinance the company.
SigmaRoc PLC (LON:SRC) said that Max Vermorken, its chief executive officer purchased 10,000 ordinary shares in the company at a price of 49.90p each, taking his total interest in the company to 447,511 shares, representing 0.18% of the total voting rights. It also added that the group’s chief financial officer, Garth Palmer has purchased 34,856 ordinary shares at an average price of 50p each taking his total interest in the company to 256,186 shares, representing 0.10% of the total voting rights. And said Charles Trigg, the firm’s technical director purchased 10,000 ordinary shares at a price of 50p each to take his total interest in the company to 153,645 shares, representing 0.06% of the total voting rights.
Metal Tiger PLC (LON:MTR), the AIM-listed investor in strategic natural resource opportunities announced that, under its share buyback programme, the company’s broker, Arden Partners has purchased 850,000 of its shares at a volume-weighted average price per share of 1.375p.
Diversified Gas & Oil PLC (LON:DGO), the US-based owner and operator of natural gas, natural gas liquids, oil wells and midstream assets, said that, in accordance with the terms of its share buyback programme announced on 30 April 2019, it has purchased 246,049 ordinary shares in the market at a volume-weighted average price of 107.887p per share through broker Stifel Nicolaus Europe. The shares acquired will, in due course, be cancelled.
Impax Environmental Markets PLC (LON:IEM) said it has today sold 250,000 ordinary shares from treasury at a price of 329.0p per share, representing a premium to the prevailing net asset value.
Franchise Brands PLC (LON:TSLA) announced that from 1 January 2020 until 30 June 2020, it will continue its discretionary programme to buy-back its ordinary shares up to a value of £200,000, a continuation of the programme that commenced in 2018. The group said it is cash generative and therefore intends to continue the share repurchase programme to offset the dilutive impact of employee share option awards, focusing on overall shareholder return.
Nektan PLC (LON:NKTN), the fast growing, award-winning international gaming technology platform and services provider, confirmed that it has not been able to publish its audited annual report and accounts for the year ended 30 June 2019 by 31 December 2019, as required AIM Rules for Companies and therefore dealings in its ordinary shares will therefore be temporarily suspended from trading with effect from 7.30 am on 2 January 2020, until such time as the Accounts have been duly published which the group expects will be during January 2020. Notwithstanding the temporary suspension of share trading, the company will continue to make announcements as and when required.