LONDON: Directa Plus (AIM: DCTA), renowned for its graphene nanoplatelets products, is embarking on a fundraising venture to secure a minimum of £6.8 million and up to £6.9 million. The initiative involves a conditional placing and subscription, aiming to issue up to 38,361,106 new ordinary shares at 18p each. The company’s largest shareholder, Nant Capital,…
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iomart Group appoints Richard Last as independent non-executive Chair
LONDON: iomart Group plc (AIM: IOM), the secure cloud services company, announced the appointment of Richard Last as independent non-executive Chair, effective 12th June 2024. Richard’s appointment follows a thorough and comprehensive process undertaken by the Nomination Committee. Richard Last is a seasoned board director with extensive experience across quoted and private companies in the…
Cordel AI technology certified by Network Rail
LONDON: Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announced that Network Rail has provided a Certificate of Approval for Cordel’s AI-powered Gauging File Production. Cordel has formally achieved certification under the Network Rail “Gauging Survey, Equipment, Editing and Outputs” standard (ref NR/L2/TRK/3204 Module 1 Issue 1 March 2024) to…
Kasei Digital Assets funds Rule 110 Inc. to launch the RealityNet protocol
LONDON: Kasei Digital Assets PLC (AQSE: KASH), a digital asset and web 3.0 investment company, announced that the company has invested a total of US$100,000 into Rule 110 Inc in its seed and strategic funding round to launch the RealityNet protocol. RealityNet is a consensus protocol that enables participants to rent out unused computing resources…
Union Jack Oil expands us operations with Oklahoma project acquisition
LONDON: Union Jack Oil plc, an onshore hydrocarbon producer with interests in the UK and USA, has announced the acquisition of a 45% working interest in the Rogers Enhanced Oil Recovery Project in Seminole County, Oklahoma. The $105,000 deal with Reach Oil & Gas Company Inc includes two production wells and one injector well, mirroring…
Oracle Power acquires Blue Rock Valley Copper and Silver Project in Australia
LONDON: Oracle Power (AIM:ORCP) has announced the conditional acquisition of the entire Blue Rock Valley Copper and Silver Project in Western Australia, following the completion of due diligence. The project, located 165km southeast of Onslow, is poised for development with historical assays indicating high-grade copper and silver, and potential for uranium. Key Highlights: – Acquisition:…
Renew Holdings has acquired Excalon Holdings for £26 million
LONDON: Renew Holdings (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, has acquired Excalon Holdings Limited for a total consideration of up to £26 million. The acquisition represents an excellent strategic fit for the Group, allowing Renew to expand into the electricity transmission and distribution market. This…
Global Connectivity plc increases stake in broadband provider Voneus
LONDON: Global Connectivity plc (AQSE: GCON) has announced a substantial capital investment into Voneus Limited, a leading UK broadband provider. The investment, totaling £18 million, was contributed by both shareholders and lenders on June 6, 2024. This strategic financial infusion has resulted in an increase of Rural Broadband Solutions Holdings Limited’s (RBSHL) stake in Voneus…
Oakley Capital and Eurazeo to acquire co-controlling stake in I-TRACING
LONDON: Oakley Capital Investments (OCI), a leading pan-European private equity investor, is pleased to announce that Oakley Capital Fund V has been granted exclusivity with a view to acquiring a co-controlling stake alongside Eurazeo in I-TRACING, the leading independent provider of cybersecurity services in France. The transaction is subject to consultation with I-TRACING’s employee representative…
Oxford Instruments to acquire FemtoTools AG for upto CHF 24 million
LONDON: Oxford Instruments plc, a leading provider of high technology products and services to industry and scientific research communities, has entered into an agreement to acquire FemtoTools AG, a developer of nanoindentation instruments. Completion is subject to certain closing conditions which are expected to be satisfied within the next four weeks. Based in Zurich, Switzerland,…
Mosman Oil and Gas has sold stakes in Nadsoilco LLC
LONDON: Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development, and production company, sold its interest in Nadsoilco LLC for a consideration of up to US$1.75 million subject to the completion of due diligence by the acquiror. Nadsoilco LLC currently owns the working interest in Stanley, Greater Stanley and all…
Matt Sassone appointed CEO of Tristel Plc
LONDON: Tristel plc (AIM: TSTL), the manufacturer of infection prevention products, announced the appointment of Matthew (Matt) Sassone as Chief Executive Officer (“CEO”) and to the Tristel Board, with effect from 2 September 2024. Matt’s appointment follows the conclusion of a competitive selection programme and he will replace Paul Swinney, the Company’s founder and CEO…