LONDON: CEPS Plc’s subsidiary company, Signature Fabrics Limited has acquired 90 percent of the issued share capital of a newly incorporated company, Milano International Holdings Limited, which has been formed to acquire 100 percent of the issued share capital of Milano International Limited, trading as Milano Pro Sport, for a consideration of £1.85 million. The…
NMCN signs agreement to acquire Lintott Control Systems
LONDON: NMCN Plc has entered into a sale and purchase agreement (SPA) to purchase the entire issued share capital of Lintott Environmental Technologies Limited, which has a wholly owned subsidiary called Lintott Control Systems Limited for a total consideration of up to £3.76 million subject to a three year earn out. Lintott Control Systems is…
World’s smallest & lightest eBike kit launched
LONDON – ACCESSWIRE: London based tech-startup Swytch Technology has today (Monday 7th October) launched the world’s smallest and lightest eBike conversion kit, as demand for eco-friendly travel increases and more people are looking for affordable and sustainable alternatives to conventional transport. The Swytch Kit transforms any bicycle into a premium quality eBike. It consists of…
Sensyne Health enters into research collaboration with UK MHRA
OXFORD: Sensyne Health plc, the British clinical AI technology company, announced it has entered into a formal research agreement with the UK MHRA (Medicines and Healthcare products Regulatory Agency) to contribute to the development of methods to validate software algorithms used in digital health. Lord (Paul) Drayson, CEO of Sensyne Health, said: “New techniques using…
Bank of Cyprus completes sale of investment in CNP Cyprus Insurance
NICOSIA: Bank of Cyprus Holdings Public Limited Company (BOC) has announced the completion of the sale of its entire shareholding of 49.9% in its associate CNP Cyprus Insurance Holdings Ltd to CNP Assurances S.A. who owns the remaining 50.1%, following the receipt of the necessary regulatory approval. The sale consideration of €97.5 million was received…
QSE promotes sustainability and & ESG disclosure among listed companies
DOHA: Qatar Stock Exchange (QSE), in cooperation with MSCI, held a senior level sustainability and ESG engagement session, titled MSCI Qatar ESG & Climate Change Forum in Qatar, with the aim to promote the business case for ESG and sustainability, outline QSE’s sustainability action plan to attract responsible investors, provide an overview of global investor…
AM Best affirms credit ratings of BF&M Group
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of BF&M Life Insurance Company Limited (BF&M Life), BF&M General Insurance Company Limited (BF&M General) and Island Heritage Insurance Company. Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the…
AGM develops composite applications for space exploration
LONDON: Applied Graphene Materials (AGM), the producer of specialty graphene materials, and Infinite Composites Technologies, a designer, developer and manufacturer of composite pressure vessels, have together developed a composite material technology suitable for specific space applications. Infinite Composites has successfully incorporated AGM’s graphene technology into two resin systems for cryogenic pressure vessels being considered for…
Clipper Logistics commences e-commerce operations for Amara Living
LONDON: Clipper Logistics plc, a leading provider of value-added logistics solutions, e-fulfilment and returns management services to the retail sector, announced that operations have commenced on a new five-year contract with Amara Living Limited, the fast-growing online retailer operating in the home, living and lifestyle sectors. The new operation is based in Clipper’s existing facility…
Formula Offroad signs OEM supply agreement with Foton
MELBOURNE: RPM Automotive Group Limited announced that its wholly owned subsidiary Formula Offroad has begun the exclusive OEM supply of front-end and rear-end protection products, as well as other accessories, to Foton Motor Company Australia. The Australian supply agreement is for the life of Foton’s vehicle range being supplied, being the Foton Aumark 7.5 Tonne…
Trigg Mining completes $4.5mn IPO, begins exploration activities
PERTH: Trigg Mining Limited has completed a $4.5 million Initial Public Offer (IPO). The IPO fund raising was widely supported by the Australian public, a large resources-focused institutional investor and the agricultural community which sees a need to address Australia’s reliance on imported potassium fertilisers, necessary for agricultural production. Under the IPO, the Company issued…
GWR completes Wiluna West high grade iron ore mining rights agreement with Gold Valley
PERTH: GWR Group Limited has confirmed receipt of the execution payment of $250,000 (ex GST) related to the Mining Rights Agreement for the mining of up to 3 million tonnes of iron ore from its John William Doutch (JWD) deposit at GWR’s 100% owned Wiluna West Iron Ore Project by private iron ore development group…