logo-loader

Proactive news snapshot: Bloomsbury Publishing, Greencoat UK Wind, Pan African Resources ….

A glance at some of the day's highlights from the Proactive Investors newswire

Newspapers and coffee cup
Your daily round-up from the world of Proactive

Bloomsbury Publishing PLC (LON:BMY) has acquired certain assets of Zed Books, the London-based academic and non-fiction publisher. Bloomsbury is to pay £1.75mln for the acquisition, of which £875,000 has been paid in cash upfront. Zed will operate within Bloomsbury's Academic & Professional division and is expected to contribute around £800,000 of revenue to Bloomsbury in its first year.

Pan African Resources plc (LON:PAF) told investors that it is adapting its business in reaction to the covid-19 coronavirus. The South Africa based gold producer said it has put in place a range of awareness, risk mitigation and prevention strategies have been rolled out across its business.

Greencoat UK Wind PLC (LON:UKW) said portfolio generation to date in 2020 has been strong and is roughly 20% ahead of budget. More than 30% of the 2020 generation budget has already been produced and forward power prices for the remainder of 2020 are relatively stable. The company's target dividend of 7.1 pence per share is expected to be well covered, the company added.

BB Healthcare Trust PLC (LON:BBH) said it portfolio managers feel the point is close at hand where the investment opportunity will outweigh the risks with regard to the economic effects of coronavirus. In an ad hoc statement on Friday, the investment trust’s managers Paul Major and Brett Darke from Bellevue Asset Management, said they were currently “trying to cut through the shorter-term noise to pose some fundamental questions around the risk versus the longer-term opportunity moving forward”, including pondering “when is the opportune time to deploy additional capital”.

Faron Pharmaceuticals Oy (LON:FARN) (FIRSTNORTH:FARON) said that negotiations with potential partners for its lead immunotherapy were continuing as it reported its full-year 2019 results. The aim is to support the development of cancer treatment Clevegen, which is expected to be used in harness with other drugs. Turning to the financials, Faron lost €13.3mln in 2019, a busy year for research and development. It closed out the period with €7.1mln of cash.

Zoetic International PLC (LON:ZOE) has updated on its business amid the ongoing coronavirus outbreak, saying that, despite the volatility, its distribution partners “remain very supportive”. In an update, the maker of cannabidiol (CBD) products said it was continuing to generate interest from prospective retail partners in the UK for its Zoetic and Chill branded products, adding that the ongoing enthusiasm provided the firm with “optimism” that when the downturn passed its business model will “remain effective”.

Tissue Regenix Group PLC (LON:TRX) has announced that its executive chairman John Samuel is stepping down after 12 years with the company. Independent director Jonathan Glenn has stepped up to chair the business on an interim basis and in a non-executive role rather than the executive capacity of his predecessor. Glenn was formerly chief executive of Consort Medical before its £505mln sale to Recipharm recently.

Vast Resources PLC (LON:VAST) has said a further three containers of equipment are packed and are ready to be loaded onto a vessel to depart on 25 March for its Baita Plai mine in Romania. The firm also said further containers are due to load next week and in the first week of April.

Diversified Gas & Oil PLC (LON:DGOC), the US-based owner and operator of natural gas, natural gas liquids, and oil wells and midstream assets, announced that on 19 March 2020, its chairman, David Johnson acquired 25,000 ordinary shares in the company through the market at a price of 66.2p each. Following this purchase, the group noted, Johnson is now interested in 375,000 ordinary shares representing approximately 0.06% of the company's issued share capital.

Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) chief executive officer Tony Swiericzuk has purchased shares worth $128,733 in on-market transactions. Swiericzuk acquired 363,053 shares increasing the number of securities he holds to more than 2.01mln.

Impax Asset Management Group PLC (LON:IPX) confirmed that at the company's Annual General Meeting held on Thursday all resolutions were duly passed.

Shanta Gold (LON:SHG), the East Africa-focused gold producer, developer and explorer, announced that all resolutions put to shareholders were duly passed at the company's Annual General Meeting held on Friday.

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bloomsbury Publishing PLC named herein, including the promotion by the Company of Bloomsbury Publishing PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arizona Silver Exploration Chairman Mike Stark excited about outlook for 2019

Arizona Silver Exploration (CVE:AZS) Chairman Mike Stark sat down with Steve Darling from Proactive Investors Vancouver to talk about his Chairman's letter sent out to shareholders. In it, Stark talks about the positive past year and some exciting developments for 2019. The full letter can be...

on 28/2/19

4 min read