Over his 40-year Parliamentary career, Bellingham held a number of other senior positions including Foreign Office Minister for the UN, Caribbean, Overseas Territories and Conflict Issues as well as chairman of the Westminster Foundation for Democracy.
“The addition of Sir Henry, with his high-ranking contacts and expertise in Africa, will be a great asset to ADM as we push forward our strategy to expand our investment portfolio across Nigeria and West Africa,” commented Peter Francis, ADM’s non-executive chairman.
2.50pm: Dignity climbs despite swinging to half-year loss
The funeral operator saw revenue advancing 9% to £169mln in the six months to June 26, with deaths rising 18% to 368,000 due to the pandemic.
The average income per funeral was materially lower due to restrictions in client choices.
1.20pm: Network International tumbles on discounted placing
The proceeds will be mostly used to fund the acquisition of DPO Group which totals US$288mln.
The FTSE 250-listed payment solutions firm said the shares amount to 10% of its existing issued ordinary share capital.
11.15am: Immotion Group soars as aquariums start to reopen
The out-of-home virtual reality entertainment specialist said a number of its sites were showing “very high levels of utilisation” following their reopening, with two new installations at the Oklahoma Aquarium and Mystic Aquarium operating at almost full capacity.
The AIM-listed firm added booking and revenue have been very encouraging at its own ImmotionVR centres in the UK while its largest installation to date, the Ocean Explorer Immersive Theatre at Shark Reef Aquarium, Mandalay Bay Resort & Casino in Las Vegas, is expected to open within the next seven days.
10.05am: Microsaic Systems tanks after putting itself for sale
The developer of substantially differentiated point of need mass spectrometry instruments was hit by the coronavirus crisis and struggled to find support to raise equity.
The AIM-listed company is considering a full or partial sale as well as strategic investment by a business partner or other market participant.
The miner raised £1mln by placing 64mln shares at 1.625p each, a 15% discount to Tuesday’s closing price.
They represent 7.91% of the explorer’s issued share capital.
8.45am: Cora Gold shines on with new discovery in Mali
Cora Gold Limited (LON:CORA) was an early riser on Wednesday, advancing 10% to 12.61p after revealing the discovery of a new 1,500-metre gold zone adjacent to its flagship Sanankoro Gold Project in Mali.
The AIM-listed miner said the zone adds to the new 1.5-kilometre gold zone identified in another permit on the border of the project. Results include 6 metres at 1.48 grams per tonnes gold and 11 metres at 1.28 grams per tonne gold.
It means the project can move into the trial mining stage, along with advancing detailed engineering work, financial modelling and mine finance evaluation.
Sunrise 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.
Proactive news headlines:
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.
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. 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.”
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.
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 2 m 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#