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Quoted Micro 10 February 2025
AQUIS STOCK EXCHANGE
Third quarter revenue from emissions reduction additives supplier SulNOx Group (SNOX) more than doubled to £208,000 compared to the same period last year. Volume growth was 88.7%. There was cash of £2.5m at the end of 2024. There are 44 shipping companies evaluating the additives and there are more set to sign up. Crystal is the first cruise operator to evaluate the additive, and it made an average fuel saving of 3.4%.
Rogue Baron (SHNJ) has decided to change its strategy from drinks, because of a lack of market support for the sector, to natural resources, particularly in North America. The spirits business will be sold. The disposal will turn Rogue Baron into an Enterprise Company on Aquis. An investment committee of Hamish Harris and Charlie Wood will consider potential investments base or precious metals. The company name will change to Richmond Hill Resources. Tomoya Daimon has resigned from the board. A placing raised £209,000 0.6p/share.
Oscillate (MUSH) says it has analysed early-stage data for hydrogen in the Animikie Basin in northern Minnesota. Soil gas sensing equipment has been deployed, and shallow soil gas sampling technology will evaluate hydrogen potential.
Marula Mining (MARU) says assay results of copper concentrate samples from the Kinusi copper mine in Tanzania provide further confirmation of high-grade copper content of the material stockpile.
Oberon Investments Group (OBE) is holding a general meeting to gain approval for a capital reduction to create distributable reserves.
Coinsilium Group Ltd (COIN) is rebranding its Nifty Labs subsidiary as Forza (Gibraltar) and it will focus on treasury management for the holding company. Coinsilium is assessing innovative opportunities in treasury management.
Trading in Hydrogen Future Industries (HFI) shares has been suspended because accounts for the year to July 2024 have not been published.
Barry Hersh has forfeited the 18.66 million unpaid shares in Global Connectivity (GCON).
Paul Mathieson’s stake in Investment Evolution Credit (IEC) has reduced from 38.9% to 35.4%. That was prior to a £35,650 subscription at 1p/share. Dr Richard Leaver doubled his shareholding to two million shares after the subscription and he has become chief executive. Dr Leaver is a former director of AIM companies Blue Star Capital (BLU), Image Scan (IGE) and Toumaz. He has experience with AI and the board believes this will help to grow the consumer credit business. John van Kuffeler will not become chairman.
Supernova Digital Assets (SOL) generated revenues of £114,000 in the 12 months to October 2024 according to unaudited management accounts. A £2.7m increase in the fair value of digital assets and tokens. The pre-tax profit was £2.41m. Net assets were £5.8m at the end of October 2024.
Ventura Finance, which is controlled by Mark Jackson, owns 3.93% of Walls and Futures REIT (WAFR).
DXS International (DXSP) chairman Bob Sutcliffe is continuing to buy shares adding another 20,000 at 3.5p each, taking his stake to 1.99%. Shepherd Neame (SHEP) has amended an earlier purchase by chairman Richard Oldfield (that was said to be 42,459 shares) to 1,500 shares at 519p each. He has also acquired 2,000 shares at 540p each. BWA Group (BWAP) managing director has bought 1.5 million shares at 0.15p each, taking his stake to 6.75%. Ananda Pharma (ANA) chief executive Melissa Sturgess bought 5 million shares at 0.43p each, taking her shareholding above 10%.
Time to ACT (TTA) has appointed VSA Capital as corporate adviser and broker.
Jim Williams has resigned from VVV Resources (VVV) and David Ajemain has been appointed as executive chairman. The company is reviewing potential projects.
ASSET MATCH
VP Fintech (VPF) joined the Asset Match private market on 5 February. It owns 56% of Canadian company Valens Pay, which has developed a fintech platform that offers directly or via third parties users services including payment, forex and investments. There is no limit on size of transaction. At the end of 2024, there were 21 partners using the platform. Co-founder James Holmes owns 46.1%, TP Finans ApS, which is owned by co-founder Torben Pedersen, 38.9% and Torben Pedersen’s own holding is 12.1%. The first share auction will be in March. At a share price of 100p, the market capitalisation is £25m.
Nightcap (NGHT) has acquired the 115 lease on the i360 Tower in Brighton. It is one of the world’s tallest moving observation towers with 20,000 square foot of hospitality space. The deal excludes any debt, which has been released by the local council.
Oil and gas explorer and producer SDX Energy (SDX) has left AIM and joined Asset Match on 3 February. The first auction will be in March.
Isle of Scilly Steamship (IOS) has appointed Jonathan Hinkles as managing director of airline Skybus. He has been an adviser for six months and his job is to return Skybus to sustainable profitability. Skybus flies from airports in Cornwall and Devon to St Mary’s and has seven aircraft.
Marshalls of Cambridge (MCH) has appointed David Mitchard as a non-executive director.
AIM
Engineering consultancy RC Fornax (RCFX) joined AIM on 5 February after raising £5.2m at 32.5p/share. Existing shareholders raised a further £1m. The share price ended the week at 35p. RC Fornax was set up in 2020 and is focused on the UK defence sector and it would like to move into new territories.
Building components manufacturer Alumasc (ALU) is maintaining margins and has managed to generate organic growth in a period where the construction market contracted. New product development and improving efficiency help to improve the figures. Interim revenues rose by one-fifth to £57.4m with organic growth of 8%. Pre-tax profit was 19% ahead at £7.5m. Exports grew 43% as demand from the Chek Lap Kok project in Hong Kong started to build. The interim dividend was raised by 1% to 3.5p/share.
Energy supplier and energy efficiency services provider Good Energy (GOOD) has reached agreement with Dubai-based Esyasoft and is recommending a 490p/share bid. That is higher than the share price had ever previously been and values Good Energy at £99.4m. Major shareholder and former potential bidder Ecotricity has committed to accepting the bid.
Digital tech services provider TPXimpact (TPX) says third quarter trading was in line with expectations, but contract starts have been delayed and slow to build up which will hit the fourth quarter. This is due to the UK government putting off spending decisions. The UK government comprehensive spending review should be completed in June and spending will hopefully return to expected levels after that. Dowgate has cut 2024-25 revenues from £84m to £76m, which has led to a pre-tax profit downgrade to £2.8m.
RA International (RAI) directors have decided to ask for shareholder permission to leave AIM. The remote services provider to global organisations says that disclosure requirements hamper the business by enabling rivals have a greater insight into its strategy. Also, confidentiality agreements mean that it is difficult to provide investors with the information they want. Liquidity is poor because Soraya Narfeldt and Lars Narfeldt own more than 80% of RA International. Contract mobilisation delays are hampering trading, and a loss is expected for 2024. Costs will be reduced this year and non-core business could be sold for up to $5m.
Lung cancer diagnostics developer Lung Life AI (LLAI) is planning to leave AIM with discussions continuing with one strategic partner to help to commercialise its lung cancer tests. However, there is unlikely to be an agreement in the short-term and cash, currently $1.31m, is only going to last until later in the second quarter. A public share issue is unlikely to be viable. If no source of funding can be found, then the company would be wound up.
Fuels, food and feed distributor NWF (NWF) reported an improvement in underlying pre-tax profit from £3.4m to £3.6m. Higher contributions from fuels and feed offset a small dip in profit at food distribution, where the new site at Lymedale is taking longer than expected to fill up. There are £600,000 of exceptional costs relating to an investigation into a conflict of interest in contracting transport services and the investigation will be completed by May. Full year pre-tax profit expectations have been maintained at £8.6m.
Space and defence communications technology supplier Filtronic (FTC) trebled interim revenues and went from loss to a pre-tax profit, excluding the movement in the value of SpaceX warrants and share-based payments, of £7.8m. The momentum is not expected to continue in the second half, where the comparatives are much tougher anyway. Despite investment in new capacity and working capital requirements net cash is £5.1m and it should be much higher at the year-end. There have been two forecast upgrades in recent months, and it is not a surprise that the full year pre-tax profit forecast has been maintained at £11.5m, up £3.4m last year. There is potential for further contract wins, though.
APQ Global Ltd (APQ) says the US government’s slashing of international aid and foreign assistance has created a tough environment for its investee companies. Cash flow generation and refinancing debt should enable APQ Global to repay convertible loan holders by the end of March, but it is more uncertain than previously. The outstanding principle is £26.1m. Delphos is the main investment and two-thirds of its transaction advisory contracts have been cancelled, and they were worth $5m. The others are also likely to be cancelled. Cash inflows over December and January were expected to be $18.9m, but they were $1.1m. The estimate for February has been downgraded from $16.5m to $14.5m, although the March estimate has been raised from $4.3m to $11.1m. That still means a reduction $12m over the period. APQ Global had $3.2m in cash at the end of January.
Cosmetics supplier Warpaint London (W7L) warns that growth is slowing. Interim revenues were 25% higher in the first half and they grew 14% to £102m for the full year. Usually, the second half is much stronger. Margins continue to improve. So far this year, revenues are 15% ahead.
Ilika (IKA) has successfully demonstrated the scalability of its Goliath battery and it will produce prototypes for potential customers. The battery was produced using standard equipment. Ilika is working with Mpac (MPAC) on a 1.5MWh solid state battery production line to produce the Goliath prototype for automotive use. The Agratas factory built to supply Jaguar Land Rover is assessing it its ability to produce Goliath batteries.
Team Internet (TIG) revealed 2024 revenues fell 4% to £803m. Even three months ago growth was anticipated. Profit also declined. The original domain names business grew revenues by 7%, while the new comparison division grew 43%. The search division, which is the rest of the online marketing business, reports a 11% decline in revenues. This is the main profit contributor and gains elsewhere were more than offset by the lower profit here. Net debt was $97m at the end of 2024. It would have fallen without acquisition costs. The Shinez acquisition has not gone as well as expected and there will be a non-cash write-down, plus legal action against the sellers.
Online gaming marketing services provider B90 Holdings (B90) moved into profit in 2024 as overheads were slashed. Zeus forecasts a pre-tax profit of €600,000 on revenues two-thirds ahead at €5m. Net cash is €1.1m. Profit and net cash could double this year.
Gfinity (GFIN) has signed an exclusive licence agreement with 0M Technology Solutions to commercialise 0M’s AI technology Connected IQ (CIQ). Gfinity believes it combine its network and contacts in the advertising sector to help commercialise CIQ. The fee is 30% of net profit generated by the licence. It is unclear how quickly sales can be built up. Gfinity has the option to buy 0M for £2m after the first anniversary of the agreement and lasting until the end of third year. 0M is owned by Robert Keith, who owns 19.6%. Gfinity has raised £260,000 ay 0.0625p/share. The new shares come with warrants exercisable at 0.09p/share.
Sustainable laundry technology developer Xeros Technology (XSG) is progressing with tech verification from four global washing machine manufacturers and two of those could move to substantial paid-for joint development agreements. Timing is uncertain, though. Even so, Cavendish has reduced its 2024 and 2025 forecast revenues. The loss is estimated to decline from £4.8m to £4.5m in 2024. Net cash was £2.8m at the end of 2024 and it should be £800,000 at the end of 2025.
Nativo Resources (NTVO) announced a share consolidation of 1,500 existing shares into one new share. The board believes this will help to make the share price less volatile.
MAIN MARKET
Homeware products supplier Ultimate Products (ULTP) says recovery has been slower than expected as the consumer market remains weak. Higher freight costs and taxes will hit profit for the year to July 2025. Pre-tax profit is forecast to fall from £14.4m to £11m.
Codex Acquisitions (CODX) has entered into an acquisition agreement of Technologies New Energy, a Portugal-based renewable energy company, for £28m in shares at a notional price of 20p each. This would make the deal large enough for the company to be readmitted to the Main Market. Trading in the shares was suspended at 5.5p.
Andrew Hore
VVV Resources #VVV – Board Change
The Board of VVV Resources Limited announces that Jim Williams has decided to resign from the board of the Company with immediate effect. The Company is reviewing a potential Executive Director appointment and a further announcement is expected as soon as the usual due diligence process has run its course.
The Company wishes Jim all the best in his future endeavours. Jim Joined the board in October 2022 and during his tenure, the Company acquired ownership of 100% of the Mitterberg Copper Project in Austria.
The Company is actively reviewing a number of projects in geopolitically favourable jurisdictions and the Company expects to provide an update in due course.
The directors of the Company accept responsibility for the contents of this announcement.
| Enquiries: | |
| VVV Resources Limited Mahesh S/o Pulandaran (Non-Executive Director) |
Tel: +44 (0)20 3813 0175 |
| Peterhouse Capital AQSE Growth Market Corporate Adviser |
Tel: +44 (0)20 7469 0936 |
VVV Resources #VVV – Interim Results for the six months ended 30 June 2024
VVV Resources Limited announces its unaudited interim results for the six months ended 30 June 2024.
OVERVIEW
The Company’s goals for the six months to 30 June 2024 were to continue its endeavours to review suitable mineral projects in user-friendly jurisdictions with a view to increasing investor attraction, and to increase both the market capitalisation and liquidity.
The past six months has continued to be a period of global uncertainty, volatility and conflict and the ongoing war between Russia and Ukraine continues to cause significant direct and indirect consequences. In addition, the conflict between Israel and her neighbours has escalated significantly and this inevitably is contributing to global uncertainty. Perhaps to a lesser extent, there is some concern in some sectors of the outcome of the forthcoming US elections.
The Company’s current investments comprise 100% of the Mitterberg Copper Project in Austria and a 51% holding of the Shangri La polymetallic project in Western Australia. The Mitterberg concessions comprise 198 contiguous licences over some 90 square kilometres located approximately 60 kilometres south of Salzburg. The Shangri La project comprises 10 contiguous hectares of what appears to be a polymetallic mineral assemblage comprising gold, silver, and copper.
Benjamin Hill joined the Board as a Non-Executive Director on the 17thApril, 2024. To satisfy corporate governance, the Board of the Company currently comprises two non-executives and one executive director.
The Board remains confident that the private and pre-IPO markets remain significantly under-served and as such significant opportunities exist for the Company going forward.
We would like to thank all our shareholders for their continued support and look forward to updating you on further news in due course.
Eur. Ing. Jim Williams, MSc, D.I.C., CEng, CGeol, FIMMM
Executive Chairman
FINANCE REVIEW
The loss for the period to 30 June 2024 was £191,000 (30 June 2023 – £ 62,000 and 31 December 2023 – £117,000 loss) which mainly related to share based payments, regulatory costs and other corporate overheads. The total revenue for the period was nil. At 30 June 2024, the Company had cash balances of £9,000 (30 June 2023 – £ 159,000 and 31 December 2023 – £36,000).
The interim accounts to 30 June 2024 have not been reviewed by the Company’s auditors.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
| The Company
Jim Williams Ben Hill
|
+44 (0) 7774 274836 +44 (0) 7825 413384 |
| Aquis Growth Market Corporate Adviser:
Peterhouse Capital Limited
|
+44 (0) 207 469 0936 |
Link HERE for the full financial statements
VVV Resources #VVV – Annual Report and Financial Statements for the year ended 31 December 2023
VVV Resources Limited is pleased to take this opportunity to reflect on the period from January 1st to December 31st, 2023, being the first period end to prepare consolidated financial statements having acquired 100% ownership of VVV Resources Australia Pty Ltd, when the company was incorporated in Australia on 18th January 2023.
OPERATIONS REVIEW
This past year has continued to be a period of global uncertainty, volatility, and subsequent conflict. While the direct problems associated with the previously mentioned devastating COVID-19 pandemic have arguably dissipated, they have been replaced by further new challenges created by the escalating conflicts globally, and the uncertainty of China’s allegiance have all significantly contributed to the impacts on global security, rampant inflation, energy scarcity and fears of global food shortages.
The COVID-19 pandemic had resulted in negativity with metal prices and corporate market sentiment; however, a reversal of these trends is becoming apparent, certainly with metal prices but perhaps less rapid with the latter. Fund raising continues to be problematic especially with illiquid companies though many metal prices directly relevant to the Company’s portfolio are reaching all-time highs.
The Company’s current investments comprise 100% of the Mitterberg Copper Project in Austria and a 51% holding of the Shangri La polymetallic project in Western Australia. The Mitterberg concessions comprise 198 contiguous licences over some 90 square kilometres located approximately 60 kilometres south of Salzburg. The Shangri La project comprises 10 contiguous hectares of what appears to be a polymetallic mineral assemblage comprising gold, silver, and copper.
Due to personal circumstances, one director, Malcolm Macleod, left the Board on the 18th August 2023 and Mahesh Pulandaran, previously an Executive Director of the Company became a Non-Executive Director. Benjamin Hill joined the Board as a Non-Executive Director on the 17th April, 2024. To satisfy corporate governance, the Board of the Company currently comprises two non-executives and one executive director.
FINANCE REVIEW
The loss for the period to 31 December 2023 amounted to £117,000 (2022: loss of £156,000) which mainly related to regulatory costs and other corporate overheads. The total revenue for the period was £Nil (2022: £Nil). As at 31 December 2023, the Company had cash balances of £36,000 (2022: £208,000).
The Company does not recommend the payment of a dividend in the current financial year.
OUTLOOK
Going forward, the Company continues to review various mineral projects in several favourable jurisdictions with a view to increasing investor attraction, and to increase both the market capitalisation and liquidity.
We would like to thank all our shareholders for their continued support and look forward to updating you on further news in due course.
Eur. Ing. Jim Williams, MSc, D.I.C., CEng, CGeol, FIMMM
Executive Chairman
27 June 2024
Extract from auditor report:
“Material uncertainty related to going concern
We draw attention to the Going Concern section of Note 1 “General Information” in the financial statements which indicates that the Directors have prepared cashflow forecasts which show that, in order for the Company to continue to discharge its liabilities as they fall due and to continue with its planned exploration expenditure on its two projects, additional cash will be required. As stated in Note 1, these events or conditions, along with the other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.”
The Directors of the Company accept responsibility for the contents of this announcement.
| Enquiries: | |
| VVV Resources Limited Mahesh S/o Pulandaran (Non-Executive Director) Jim Williams (Chairman) |
Tel: +44 (0)20 3813 0175 Tel: +44 (0)77 7427 4836 |
| Peterhouse Capital Aquis Growth Market Corporate Adviser |
Tel: +44 (0)20 7469 0936 |
Click here to view the full financial statements
Alan Green covers VVV Resources #VVV, Neoenergy Metals #NEO & Panther Metals #PALM on this week’s Stockbox Research Talks
Alan Green covers VVV Resources #VVV, Neoenergy Metals #NEO & Panther Metals #PALM on this week’s Stockbox Research Talks
VVV Resources #VVV – Appointment of New Director & Issue of Shares in Lieu of Directors Fees
VVV Resources Plc, 100% owner of the Mitterberg Copper Project in Austria, is pleased to announce the appointment of Benjamin (Ben) Samuel Hill as a Non-Executive Director of the Company with immediate effect.
A lawyer by profession, Ben will bring a wealth of entrepreneurial experience and a wide network of connections to the role, as the Company seeks to develop its flagship Mitterberg Copper Project in Austria.
Ben, aged 48, is skilled in equity and quasi equity financing with demonstrable experience in structuring and public and private equity investing. Ben possesses a law degree along with passing the Bar Vocational Course at the Inns of Court, School of Law and is a member at Grays Inn. Ben worked as Head of Legal at RAB Capital from 2003 to 2011, whilst working primarily on the RAB Special Situations Fund where he was instrumental in building up the private side of the portfolio, investing across a variety of sectors but with a strong bias towards natural resources. Ben continues to advise a number of family offices providing them with deal flow, structuring and investment advice. He also acts as a Senior Advisor for The Growth Stage, helping to source growth capital deals and institutional investors via their regulated platform, thegrowthstage.com. As part of Ben’s last role, he sat on the Board of 20 private equity structures for a single private equity group either as a Non-Executive Director or as an alternate. He resigned from these positions in August 2023.
Ben does not currently hold any shares in the Company, however he will immediately be awarded 333,334 new ordinary shares in the Company as part of his financial package.
Jim Williams, Executive Chairman of VVV Resources, commented: “On behalf of Mahesh Pulandaran and myself, we are delighted that Ben is joining us at VVV Resources. Given the surge in copper prices, and the expected supply squeeze, the development of our flagship Mitterberg copper project is of the utmost importance. It is clear from Ben’s CV and his network that he possesses the necessary corporate skills to assist in generating traction and liquidity for the Company.”
Ben Hill added: “I am delighted to have the opportunity to join VVV Resources at such a pivotal time for the copper market. VVV’s Mitterberg project offers huge development potential, and through my previous work in fund raising in the sector and my contact network, I hope to make a substantial contribution to project development in the coming year.”
Below are details of all directorships held by the director in any other publicly quoted company at any time in the previous five years:
| Current directorships | Previous directorships |
| Clear Harbour Airways (Holdings) Limited | Ariel Partners LLP |
| Clear Harbour Airways (Operations) Limited | Ariel Capital Limited |
| Data Abbey Limited | Clear Harbour Limited |
| Asia Education Bidco Limited | |
| Asia Education Interco Limited | |
| Asia Education Manco Limited | |
| ICG Alternative Credit (Jersey) GP Limited | |
| ICG Enterprise Carry GP Limited | |
| ICG European Fund 2006 (Jersey) Limited | |
| ICG Executive Financing Limited | |
| ICG Life Sciences Debt Limited | |
| ICG North American Private Equity Debt(Jsy)Limited | |
| ICG Real Estate E Debt Limited | |
| ICG Recovery 2008 B (Jersey) Limited | |
| ICG Recovery Fund 2008 B GP Limited | |
| ICG Senior Debt Partners Performance GP Limited | |
| ICG Watch Jersey GP Limited | |
| Intermediate Capital Mezz Fund 2003 (Jersey) Ltd | |
| Intermediate Investments Jersey Limited | |
| Match Jersey Limited | |
| Mezzanine Investors Jersey SPV Limited | |
| RE+ European Finance Limited | |
| RE+ Management Limited |
Except as set out above, there is no further information regarding Benjamin Hill, that is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.
Award of Ordinary Shares to Directors in Lieu of Full Directors Fees
In order to preserve the Company’s cash, the Board has decided to issue 333,333 new ordinary shares to each of Mahesh S/o Pulandaran (Non-Executive Director) and Jim Williams (Executive Director), in lieu of part of their Director’s fees. The total of 333,333 Ordinary shares cover the period from their respective appointment dates to the present.
The Directors of the Company accept responsibility for the contents of this announcement.
| Enquiries: | |
| VVV Resources Plc Mahesh S/o Pulandaran (Non-Executive Director) Jim Williams (Chairman) |
Tel: +44 (0)20 3813 0175 Tel: +44 (0)77 7427 4836 |
| Peterhouse Capital AQSE Growth Market Corporate Adviser Guy Miller/Mark Anwyl |
Tel: +44 (0)20 7469 0936 |
| Brand Communications Public and Investor Relations Alan Green |
Tel: +44 (0)79 7643 1608
Alan Green covers Valereum #VLRM , Kavango Resources #KAV, Cadence Minerals #KDNC & VVV Resources #VVV on this week’s Stockbox Research Talks
Alan Green covers Valereum #VLRM , Kavango Resources #KAV, Cadence Minerals #KDNC & VVV Resources #VVV on this week’s Stockbox Research Talks
VVV Resources #VVV – Notice of AGM
VVV Resources Limited (AQSE: VVV), quoted on the Aquis Growth Market, is pleased to announce that notice convening the Company’s Annual General Meeting, to be held at the offices of Peterhouse Capital, Third Floor, 80 Cheapside, EC2V 6EE, London, United Kingdom at 10:00 a.m. on 15 February 2024, has been posted to shareholders.
The notice of AGM can be found at: https://www.vvvresources.co.uk/
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
VVV Resources Limited:
Jim Williams
+44 (0) 7774274836
AQSE Growth Market Corporate Adviser:
Peterhouse Capital Limited
Guy Miller/Mark Anwyl
+44 (0) 20 7469 0936
Alan Green & Mark Fairbairn review Resourcing Tomorrow, incl #ECR #FCM #PALM #FMC #VVV #GMET #PREM & Cornish Lithium
Stockbox Research Talks. Alan Green & Mark Fairbairn review Resourcing Tomorrow, incl #ECR #FCM #PALM #FMC #VVV #GMET #PREM & Cornish Lithium
VVV Resources #VVV – Issue of Equity and Total Voting Rights
VVV Resources Limited (AQUIS:VVV) announces the settlement of certain professional and marketing fees through the issue of equity.
The Company has agreed with the provider of professional and marketing services that their fees will be settled through the issue of 133,500 new VVV ordinary shares of no par value each (“Fee Shares”) valued at a deemed 10p per share.
In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Company hereby announces that it has 6,758,503 ordinary shares of no par value each in issue (“Ordinary Shares”), each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.
The above figure of 6,758,503 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The Directors of the Company accept responsibility for the content of this announcement.
For further information, please contact:
| The Company
Jim Williams +44 (0) 7774274836 |
|
| Aquis Growth Market Corporate Adviser:
Peterhouse Capital Limited |
|
|