Genel Energy PLC rises after making interim CFO appointment permanent


Genel Energy PLC (LSE:GENL, OTC:GEGYY) jumped 4% to 176.2p after announcing its permanent chief financial officer.

Luke Clements previously served as interim chief financial officer and “has been responsible for a wide range of financial, commercial and treasury-related activities,” according to a statement.

“Luke is the ideal person to continue to provide the financial platform that facilitates our strategy, a strategy of which he has been an integral part,” said Chairman David McManus.

2:00 p.m.: Yellow Cake jumps on the delivery of Uranium

Uranium firm Yellow Cake PLC (AIM:YCA) jumped 5%, or 9p, to 384p after announcing it had taken delivery of more than 2 million pounds of triuranium octoxide.

Triuranium octoxide is a compound of uranium that is converted into uranium hexafluoride for the purpose of uranium enrichment.

Yellow Cake exercised a buyout option it had with Kazatomprom, a producer and seller of uranium in Kazakhstan at a price of US$43.25/lb.

According to the release, it now contains more than 17 million pounds of triuranium octoxide.

1:10 p.m.: Canadian Overseas Petroleum Ltd in demand ahead of next week’s Q&A session

Judging by the reaction to Canadian Overseas Petroleum Ltd’s share price, investors have high expectations for shareholder presentations, scheduled for next week.

COPL shares jumped 12.5% ​​- that’s an eight, fractions fans! – at 8:25 p.m. as the company announced it would host a live online Q&A session on Monday afternoon.

The presentation by Arthur Millholland, Chief Executive Officer, and Ryan Gaffney, Chief Financial Officer, is open to all existing and potential shareholders.

12:40 p.m.: Technology Minerals receives payment for sale of interests in registered claims

Technology Minerals PLC (LSE:TM1) jumped 9.7% to 3.125p after receiving a £900,000 payment for the previously announced sale of an initial 10% stake in the company’s registered concessions in its projects of cobalt/copper 100% owned in the United States.

The sale agreement also includes a proposed option for Bluebird to acquire an additional 20% stake in the properties for an additional cash consideration of £1.8 million. The option can be exercised within six months from the date of signature of the detailed purchase contract relating to the proposed sale.

“The agreement validates our strategy to move our junior mining assets up the value curve to attract partners and unlock significant potential value that can be added to the company’s portfolio,” said Alex Stanbury, Chief Technology Officer. Minerals.

11.50am: Tintra slips as sales of lottery administration activities drag on

Tintra PLC (AIM:TNT) fell 6.1% to 126.8p after it said plans to sell its lottery administration business to Sterling Management Center is taking longer than expected.

Sales were first announced in October and Tintra and Sterling’s best estimate is that overcoming all regulatory hurdles is eight to 12 weeks.

Therefore, the company and its advisors have created an interim solution that enables the company to achieve its dual goals of finalizing the transaction with Sterling and freeing the company to complete its funding round, as outlined in previous announcements.

10:55 a.m.: Eagle Eye flies high after raising guidance

Eagle Eye Solutions PLC jumped 8.8% to 457p after it said full-year adjusted revenue and profit would beat current market expectations.

How far ? Well, about 7% (revenues) and 10% (profits).

The real-time one-to-one marketer said it enjoyed strong new customer wins in multiple geographies during the year.

10:00 a.m.: Goldplat dives as non-executive director sells again

The market doesn’t like someone selling shares in the company they sit on the board of, even if they’re a non-executive director.

So it’s no surprise that shares of Goldplat PLC (AIM:GDP) plunged 4.8% to 7.9p after Gerard Kisbey-Green sold another 360,000 shares at 7.7pa pop, this which means he has sold half of his stake in the last 14 years. days.

The good news for Goldplat shareholders is that Kisbey-Green has said he currently has no intention of selling any further Goldplat shares. His stake in the company has been reduced to 0.8% following recent sales.

9:05 am: M&C Saatchi climbs as Next Fifteen makes agreed bid

M&C Saatchi PLC (AIM:SAA) jumped 33% to 221p following an agreement with Next Fifteen Communications Group PLC (AIM:NFC) for a £310.1m takeover.

Saatchi shareholders will receive 0.1637 of a Next Fifteen share and 40p in cash, which at the last closing price equals 247.2p per share.

Next Fifteen’s offer was at a premium of 49.8% to Thursday’s closing price of 165p.

The advertising firm had rejected an offer from AdvancedAdvT for 2,043 shares and 40p in cash, which amounted to 207.5p, earlier this week.

Elsewhere, stationery and craft retailer PLC gained 14% to 57.4p when releasing its full-year trading update.

According to the statement, it improved its cash position by £15.5 for the year ending May 1, 2022 to £16.3 million.

Sales also rose 10.4% like-for-like as the London-listed company reinstated its dividend by around 2.4 pence per share.


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