LONDON, UK: Elixirr International plc (AIM:ELIX) announced the acquisition of the entire issued share capital of technology and data firm, iOLAP Incorporated for a maximum total consideration payable of US$40.0 million. Elixirr’s Board’s current expectation is that full year FY22 revenue will be in the range of £70 million – £75 million with an Adjusted…
EDF Group announces rights issue to raise 3.1bn euros
PARIS, FRANCE: EDF Group, a French multinational electric utility company largely owned by the French state, announced the launch of a share capital increase with preferential subscription rights to existing shareholders, for a gross amount of more than 3.1 billion euros. The net proceeds from the Rights Issue will primarily be used to finance the…
Sale of Telenor Myanmar approved by Myanmar authorities
OSLO, NORWAY: Myanmar Investment Commission has given final regulatory approval to the sale of Telenor Myanmar to M1 Group, a bourse filing noted. During the regulatory approval process the Myanmar authorities made it a condition that M1 Group should have a local partner in the ownership of Telenor Myanmar after the transaction between Telenor and…
IMCD N.V. nominates Marcus Jordan for COO and member of Management Board
ROTTERDAM: IMCD N.V. announced the proposed appointment of Marcus Jordan as Chief Operating Officer (COO) and member of the Management Board. Marcus Jordan has been working for the company for 23 years and currently serves as Executive Committee member and President IMCD Americas. With the proposed appointment, the Management Board of IMCD will expand to…
Oman Insurance gets nod to begin underwriting through Lloyd’s Syndicate in a box
DUBAI, UAE: Oman Insurance Company and Asta, the leading third-party managing agent at Lloyd’s, announced that Oman Insurance’s syndicate 2880 has received Lloyd’s approval to commence underwriting. Syndicate 2880 was launched under the syndicate-in-a-box initiative (SIAB) and will operate on the Lloyd’s platform under the Dubai International Financial Centre (DIFC). Oman Insurance, based in Dubai,…
Tintra announces world’s first Web 3.0 bank to power metaverse
LONDON, UK: RegTech business, Tintra PLC announced the next stage of its strategy, the development of what the Board believes to be the world’s first built for purpose Web 3.0 banking platform, to expand its already-extensive technological capabilities, through to the launch of an equally innovative fully functional metaverse bank. Though many incumbent and legacy…
OptiBiotix intends to list ProBiotix Health on the AQSE Growth Market
LONDON, UK: OptiBiotix Health plc (AIM: OPTI), a life sciences business, intends to seek admission of its wholly owned subsidiary, ProBiotix Health Limited , onto the AQSE Growth Market with an associated fund raise and distribution in specie. Key points • Proposed £2.5m fundraise by ProBiotix Health by way of placing and subscription. • EIS/VCT qualifying. • A distribution in specie of ProBiotix Health…
Iraq’s Al Mansour Bank to pilot Biometric Payment Cards with Zwipe and areeba
BEIRUT, LEBANON: Zwipe, Al Mansour Bank and areeba have confirmed that they will pilot Biometric Payment Cards built on the Zwipe Pay platform in Iraq. This will be one of the earliest pilots of next generation contactless payment cards in the country. Al Mansour Bank is a private bank with Qatar National Bank (QNB) as…
DeepVerge Plc acquires engineering services company Glanaco Limited
LONDON, UK: DeepVerge Plc (LSE:DVRG.L) announced the acquisition of engineering services company Glanaco Limited for consideration of, in aggregate, £1.08 million comprising £0.65 million in equity and £0.43 million in cash. The equity issue consists of 4.55 million new ordinary shares of 0.1 pence issued at a price of 14.25p (being the closing mid-market price…
Semper Fortis Esports expands into play-to-earn with new division
LONDON, UK: Semper Fortis Esports PLC (AQSE: SEMP), the esports company focused on establishing teams and forming brand and technology partnerships, announced the launch of its new blockchain-based play-to-earn gaming division, SMPR Guild. Play-to-earn model Play-to-earn is a new category in video gaming that rewards players for winning and completing tasks with game-based tokens which…
Larvotto Resources lists on German trading platform, Tradegate AG
SYDNEY, AUSTRALIA: Larvotto Resources Limited (ASX:LRV) has commenced trading on German-based trading platform, Tradegate AG. Following increasing investor enquires and demand globally, the Company made a submission for listing on Tradegate shortly after its IPO on the Australian Securities Exchange (‘ASX’) with the objective of widening its investor reach. Larvotto is actively exploring its portfolio…
Belararox Ltd commences maiden drill campaign at Belara
SYDNEY, AUSTRALIA: Belararox Ltd (ASX:BRX), an advanced mineral explorer focused on high value clean energy metals, announced that drilling has commenced at the Belara Project in central NSW (Belara). Resource drilling at Belara is intended to build upon historic results and determine the potential of the Belara Project to host commercial quantities of mineralisation. A…