LONDON, UK: eEnergy (AIM: EAAS), the net zero energy services provider, has signed a strategic investment agreement with long standing partner, Luceco plc, pursuant to which Luceco will invest £1.753 million via a subscription for new ordinary shares in eEnergy. eEnergy has a longstanding relationship with Luceco principally relating to its role as a significant…
Category: London Stock Exchange
News and updates from London Stock Exchange
Pennpetro Energy announces first oil trucked from Chalk Talk 1H Well in Texas
LONDON: Pennpetro Energy, an independent oil and gas company focusing on development and production in the Peach Creek (Austin Chalk) Oil Field in Gonzales County, Texas, USA, advises that further to its RNS dated 30 October 2023, the Chalk Talk #1H (“CT1H”) well has been on extended well test, the first two truckloads (170 bbls…
Kromek and global technology solutions provider to develop next-generation CT detector technology
LONDON, UK: Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, announces that it has entered into a collaboration agreement with a new partner to develop Cadmium Zinc Telluride (“CZT”) based detectors for photon counting computed tomography applications in the medical imaging…
Nanoco Group signs Joint Development Agreement with Asian customer
LONDON, UK: Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, has signed a major new Joint Development Agreement (JDA) with its important Asian Chemical customer. The two-year programme has now commenced and creates a longer term and…
Actual Experience plc intends to appoint administrators as cash runs low
LONDON, UK: Actual Experience plc (AIM: ACT), an analytics-as-a-service company, has announced that it is running out of cash and is looking for further funding to continue its operations. The company has been unable to secure significant new revenue contracts or reduce its costs, and has been exploring an equity fundraise with existing and potential…
Irish State sells 5% stake in AIB Group for €514.83 million
LONDON, UK: The Irish State has sold part of its shareholding in AIB Group plc, the country’s largest bank, for €514.83 million. The sale was done through a placing of shares to institutional investors, which was completed on Monday. The sale reduced the State’s stake in AIB from 45.8% to 40.8%, a decrease of 5%….
Foxtons Group has acquired Ludlow Thompson Holdings for a consideration of £10 million
LONDON, UK: Foxtons Group plc announced the acquisition of Ludlow Thompson Holdings Limited and subsidiary companies for a consideration of £10m, on a cash and debt free basis. The acquisition will be funded through the Group’s existing cash resources and existing £20m revolving credit facility, a bourse filing noted. Ludlow Thompson is a high-quality, lettings…
Crescent Point Energy has acquired Hammerhead Energy Inc. for CAD 2.55 billion
LONDON, UK: Riverstone Energy Limited (REL) announced that Hammerhead Energy Inc. has announced the sale of Hammerhead to Crescent Point Energy Corp., a Calgary based energy company, for an enterprise value of C$2.55 billion, or C$21.00 per share, a notice said. Each Hammerhead Energy share will be exchanged for (i) C$15.50 (approximately US$11.26) per share…
Power Metal sells Kavango shares for £556,000
LONDON, UK: Power Metal Resources PLC (AIM:POW), a metals exploration and development company, has sold its entire stake of 69.5 million shares in Kavango Resources plc (Kavango) for 0.8p per share, raising £556,000 in cash. Power Metal still holds 60 million warrants to buy new Kavango shares at a price of 4.25p or 5.5p, expiring…
GKN Aerospace and GE Aerospace sign new agreement to expand partnership
LONDON, UK: GKN Aerospace, a division of Melrose Industries PLC, has announced a new agreement with GE Aerospace, the global leader in aerospace engines, that will increase its participation in the GEnx programme and other GE engine platforms. The new agreement covers four areas: an expanded risk and revenue sharing partnership (RRSP) on the GEnx…
SDI Group acquires Peak Sensors Holdings for £2.4 million
LONDON, UK: SDI Group plc announced the acquisition of Peak Sensors Holdings Limited, a UK manufacturer of temperature sensors. Total consideration is forecast to be approximately £2.4 million. Peak Sensors is a leading UK manufacturer of temperature sensors, specialising in standard and bespoke thermocouples and resistance thermometers which are used in various industries, including glass,…
Pineapple Power Corporation to acquire Ilios Hydrogen Canada Limited
LONDON, UK: Pineapple Power Corporation has entered into a non-binding heads of terms to acquire 100% shares in Ilios Hydrogen Canada Limited, based in Vancouver, B.C., subject to legal, financial and other due diligence and entry into a legally binding sale and purchase agreement. Illios Hydrogen is a privately held, Canadian based, international developer of…