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Remote Monitored Systems PLC (LON:RMS) shares doubled on Wednesday after saying its antiviral face masks will begin production in a matter of weeks, with US health authorities among those still pushing for increased use of masks during the coronavirus pandemic. Masks made by Pharm 2 Farm Ltd, a wholly-owned RMS subsidiary since the acquisition from Braveheart Investment Group PLC (LON:BRH) was completed last week, are expected to go into production later this month and be commercially available from December for healthcare, transport and food service industries initially.
Minds + Machines Group Limited (LON:MMX) has unveiled a share buyback programme as part of what it said is a broader strategy to deliver shareholder value. The internet domain specialist said it has approved the buyback programme up to a maximum value of GBP2.3mln with the price paid per share to be no more than 105% of the average middle market closing price of an ordinary share for the five business days preceding the date of purchase. In a corporate update, the company said Tony Farrow has assumed the role of interim chief executive and has worked with interim chief financial officer Bryan Disher to review the company’s billings, cash flows and overall financial position as well as the day to day operations of the group.
Tiziana Life PLC (NASDAQ:TLSA) (LON:TILS) is preparing to embark on a clinical study of what would be the first orally-taken home treatment for Crohn’s Disease using a monoclonal antibody (mAb). It is collaborating with Parexel Biotech, a subsidiary of the contract research giant Parexel, to conduct the phase Ib/II trial of a coated pill containing Foralumab, a fully-human mAb. In doing so, researchers from Europe and the US will assess for safety, tolerability and clinical activity of escalating doses of the treatment.
Rosslyn Data Technologies PLC (LON:RDT), a leading global big data technology company, said it has won a three-year contract for the implementation and license of a Langdon Excise system. The group said the client is a major multinational grocery and general merchandise retailer based in the UK and with a significant presence in the Republic of Ireland (ROI). The system will provide a comprehensive end to end solution complying with existing legislation and public notices to allow the client to receive, manage and discharge duty suspended shipments from authorised suppliers under the Excise movement and control system (EMCS), as well as to make their own shipments of duty suspended goods to authorised destinations, it added.
Oncimmune Holdings PLC (LON:ONC) said it has signed a master service agreement with California-based Augmenta Bioworks to profile patient plasma samples and assess treatment candidates discovered using the latter’s SingleCyte and DeepGrid platforms. The first project will deploy SeroTag, Oncimmune’s oncology technology, which will be used to identify potential therapeutic antibodies that bind to human antigens found in cancer patients. The analysis will also provide insight into clinical efficacy as well as “off-target and non-specific binding” as an indicator, for example, for adverse events, Oncimmune said.
Mailbox REIT PLC said it has signed six new leases totalling 16,913 square feet of the Mailbox, the landmark central Birmingham property. The latest lettings, which were agreed above the estimated rental value, follow hard on the heels of an outline deal agreed with serviced officer provider IWG, which will run 50,000 square feet on the building’s Level-One under the Spaces co-working brand. The latter in particular is expected to help the REIT, which is listing on the International Property Securities Exchange (IPSX) next month, lift its yield from 5% to above 7% over the medium-term.
Greatland Gold PLC (LON:GGP) has noted that it will be included as a UK Constituent in the MSCI Global Small Cap Indexes, commencing following the close of November 30, 2020. The MSCI Indexes span equity markets for more than 80 countries across developed, emerging and frontier markets, with small-cap representation across 23 developed market countries.
Bushveld Minerals Limited (LON:BMN) told investors it is delighted with the progress of a solar power and energy storage project at the Vametco mine site in South Africa. The ‘mini-grid’ project will comprise around 3.5 megawatts of solar photovoltaic (PV) generation and 4 megawatts hours of vanadium redox flow battery (VRFB) energy storage. It will boost energy security for the mining operation and also demonstrate the utility of vanadium-based energy storage solutions for industrial settings.
Power Metal Resources PLC (LON:POW) has provided an update on drilling progress by Kalahari Key, a company in which it has an 18.26% interest. Kalahari Key is currently drilling the Molopo Farms project, and has reached depth of 445 metres, where it is now approaching the target zone. Power Metals has elected to earn in to a direct 40% interest in Molopo Farms by spending US$500,000 on exploration in 2020.
Thor Mining PLC (LON:THR) has increased its stake in EnviroCopper Limited (ECL), an Australian company with an earn-in on the Kapunda gold-silver project in southern Australia. With the payment of a final A$185,000 investment tranche, completing a A$400,000 agreement, the London-listed companies interest in EnviroCopper increases to 30%. At the same time, EnviroCopper has earned its initial 50% interest in Kapunda, and, now moves into the phase that would see it earn up to 75%.
The City Pub Group PLC (LON:CPC) announced that Clive Watson, its executive chairman purchased 25,000 ordinary shares of 1p in the company on November 10, 2020 at an average price of 73.2p per ordinary share. Following this purchase, Watson is beneficially interested in 3,348,156 ordinary shares, representing approximately 3.17% of the company’s issued share capital.
Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company said it has received a notice to exercise warrants over 1,000,000 new ordinary shares of 0.1p each in the company at an exercise price of 1.0p each. Subscription monies of GBP10,000 have been received by Power Metal in respect of this exercise.
Bidstack Group PLC (LON:BIDS), the native in-game advertising group, announced that, on November 9, 2020, it received a subscription notice exercising 250,103 warrants to subscribe for new ordinary shares in the company at a subscription price of 5p per share.
IQ-AI Ltd (LON:IQAI) has received a conversion notice from Free Association Books Limited (FAB), converting GBP40,000 convertible loan notes (CLNs) and the GBP13,500 associated interest, issued in November 2015, at a price of 1.5p each, into 3,566,666 IQ-AI ordinary shares. FAB is a company in which Trevor Brown, who is CEO of IQ-AI, has an interest. The company has now fully converted all of the November 2020 convertible loan notes. In addition, the company has also received a conversion notice from Brown, converting GBP200,000 CLNs and the GBP20,000 associated interest, issued in March 2018, at a price of 2p each into 11,000,000 ordinary shares. In total, Brown will indirectly or directly be issued a total of 14,566,667 ordinary shares. In addition, he and FAB have in total sold 10,450,030 ordinary shares in the company. Following the above transactions, Brown will be directly and indirectly interested in 47,557,403 IQ-AI ordinary shares, representing approximately 29.63% of the company’s enlarged issued ordinary share capital.
Ferro-Alloy Resources Limited (LON:FAR), the vanadium mining and processing company with operations based in Southern Kazakhstan announced that it has raised US$151,935.54 via the issue of bonds on the Astana Stock Exchange (AIX). Investors have subscribed for 51 of the company’s bonds with a nominal value of US$1,984.88 each. The bonds are unsecured with a coupon rate of 5.8% and bear interest of 7.5%, paid twice-yearly and the bond is repayable on March 17, 2023. The investors have the right to request early repayment by giving 30 days’ notice which may be given only between 12 and 13 months after issue. In addition, investors have subscribed for 26 bonds with a price per bond of US$1,950.29 each. The bonds are unsecured, with coupon rate of 5.8% and effective interest rate of 7%. The interest on the bonds is paid twice-yearly and the bond is repayable on March 17, 2023.
Brunner Investment Trust PLC (LON:BUT) has noted that the investment companies team at Kepler Trust Intelligence has produced a new piece of investment bank quality research about the trust, designed to provide a clear and comprehensive reference for long term investors. This note is free to read for UK investors via the following link: http://www.trustintelligence.co.uk/investor for more high-quality independent investment trust research.
Curzon Energy PLC (LON:CZN) has requested a suspension of its shares from Wednesday, November 11, 2020, as it continues to work on a potential transaction with Sun Seven Stars Investment Group over an envisaged reverse takeover to acquire the London Critical Metals Market. Earlier this month, an exclusivity period between the parties ended though talks and due diligence work have continued.
Anglo Pacific Group PLC (LON:APF) (TSX:APY) announced that at a meeting on November 10, 2020, the group’s board approved the appointment of Jason Gray as company secretary, who takes up his position with immediate effect. Gray takes over the position from Kevin Flynn, the company’s chief financial officer and executive director, who was appointed to the board in January 2020.
Ergomed PLC (LON:ERGO), a company focused on providing specialised services to the pharmaceutical industry, has announced that Richard Barfield, its chief financial officer will present at the Jefferies Virtual London Healthcare Conference at 11.00am GMT on November 17, 2020. A live webcast of the presentation will be available on Ergomed’s website via the following link: https://www.ergomedplc.com/investor-relations/reports-and-presentations/
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