OSLO, NORWAY: NEXT Biometrics has signed a partnership agreement with Paravision, the San Francisco-based face recognition company. The partnership enables NEXT to offer dual authentication methods to customers looking for both face and fingerprint biometric solutions. Paravision is the #1 ranked U.S. provider and a top-10 global provider in several of NIST’s Face Recognition Vendor Test (FRVT)…
Path Investments to buy DG Innovate for £32mn
LONDON, UK: Path Investments plc has entered into a conditional sale and purchase agreement to buy the entire issued share capital of DG Innovate Ltd. The consideration of £32 million will be satisfied by the issue of 5.342 billion ordinary shares of Path Investments at an issue price of 0.6 pence per share. DG Innovate…
SECP approves Octopus Digital IPO
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has accorded approval to Octopus Digital Limited to issue, circulate and publish the prospectus for the issuance of 27.350 million ordinary shares (IPO). The Issue consists of 27.35 million ordinary shares i.e., 20 per cent of the total post-IPO paid up capital of Octopus Digital Limited. The initial…
Morses Club proposes to transform into U Money Plc
LONDON, UK: Morses Club Plc is proposing a reorganisation of its business and corporate structure which will involve the introduction of a new, AIM-quoted, holding company for the Group, U Money PLC. Following the reorganisation, there will be two distinct business divisions, home collected credit (HCC) and digital, which will operate through separate operating subsidiaries…
Oracle Power’s gold drilling approved
LONDON, UK: Oracle Power Plc announced that the Department of Mines, Industry Regulation and Safety – Western Australia, has approved the Company’s Programme of Work (PoW) for the Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia. The objective of the first phase of the PoW is to complete seven Reverse Circulation…
Proposals to migrate to UK tax residence and apply for UK investment trust status
LONDON, UK: Aberdeen Asian Income Fund Limited’s investment objective is to provide investors with a total return primarily through investing in Asia Pacific securities, including those with an above average yield. The Company currently earns investment income from a diversified portfolio of investments with exposure to the Asia Pacific region, much of which is subject…
SGT Capital LLC has acquired Utimaco
FRANKFURT, GERMANY: SGT Capital LLC has acquired Utimaco, a strongly growing global market leader for cyber security solutions, co-headquartered in Aachen and Campbell, California, with more than 470 employees and expected three-digit million revenues. The acquisition is subject to different regulatory approvals. Its closing is expected for Q4 2021. The seller is EQT Private Equity,…
Brave Bison acquires digital advertising firm Greenlight
LONDON, UK: Brave Bison Group has entered into a conditional agreement to acquire the entire issued share capital of digital advertising company Greenlight Digital Limited and Greenlight Commerce Limited (Together Greenlight) for an aggregate consideration of c.£6.8 million. Greenlight is a digital advertising and technology company with more than 120 employees in the UK and…
Babcock International sells Frazer-Nash Consultancy for £293mn
LONDON, UK: Babcock International Group has entered into a definitive agreement with KBR for the sale of its wholly owned subsidiary Frazer-Nash Consultancy Limited for a cash consideration of £293 million, a news release said. Headquartered in the UK, Frazer-Nash Consultancy delivers innovative engineering and technology solutions across a broad range of critical national infrastructure,…
Aker Carbon raises NOK 840mn to fund accelerated growth
OSLO, NORWAY: Aker Carbon Capture has completed a capital increase of NOK 840 million to support the further growth of its market-leading carbon capture offering. The company issued 38,181,818 new shares in a private placement, priced at NOK 22 per share. The placement was multiple times over-subscribed amidst strong demand, particularly from international investors. “The…
Wiseway completes acquisition of TAF E-Logistics
SYDNEY, AUSTRALIA: Wiseway Group Limited announced that its subsidiary Wiseway Logistics Pte (Wiseway Singapore) has completed its strategic acquisition of TAF E-Logistics (Asia) Pte Ltd. Ms Florence Tong, Wiseway Managing Director, commented, “We are very pleased to complete our first cross-border acquisition and welcome TAF to our Group. “This strategic acquisition will deliver valuable supply…
Liam Thomas appointed CEO of New Energy Solar
SYDNEY, AUSTRALIA: New Energy Solar Limited announced that Liam Thomas will be appointed as the Chief Executive Officer (CEO) of the Company with effect from 1 October 2021. Liam is the current Chief Investment Officer of New Energy Solar Limited. He has been with the business since March 2016 and overseen the acquisition and construction…