TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

(Alliance News) – The following is a summary of updates from London-listed companies released on Monday and not separately reported by Alliance News:

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EnSilica PLC – Oxfordshire, England based semiconductor designer and supplier with design centers in India and Brazil – has secured two new contracts from unnamed existing customers based in mainland Europe totaling US$3.6 million. “We are pleased to have secured two more orders from existing customers, which have allowed our team to fully leverage our recently acquired Flow IP capabilities. Encouragingly, these new design flows will enable us to deliver both high quality and highly competitive complex chips to our customers. With strong global demand for new chip development, EnSilica remains ideally positioned to continue to fully capitalize on these market opportunities,” commented Chief Executive Officer Ian Lankshear.

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Totally PLC – Derby, England-based provider of healthcare, corporate fitness and wellness services – secures a new contract worth up to around £66m with the NHS South East London Integrated Care Board to provide two emergency treatment centers in Bromley, South East London. “Our emergency treatment centers aim to prevent avoidable A&E visits by ensuring patients are treated in the most appropriate setting according to their clinical and healthcare needs, says Wendy Lawrence.

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Kromek Group PLC – detection technology provider based in Sedgefield, England – has been awarded two contracts totaling £1.5 million to supply its D3M and D3S based nuclear safety products to European government end-users. “We are pleased to have received these orders to deliver our D3M device, D3S-based static node and networking capabilities. With current geopolitical tensions as governments reassess how best to keep their citizens safe, demand for our nuclear radiation detection technology remains strong. These orders, secured through our new partners, further confirm the strength of our offering. We look forward to delivering these orders and I am confident that we will see further growth in our CBRN segments,” says CEO Arnab Basu.

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Goldplat PLC – mining services company focused on South Africa and Ghana – secures $3 million in non-dilutive financing through a prepaid gold purchase agreement. States that this follows the securing of $10.5 million in initial contingent non-dilutive financing. “This second non-dilutive financing further strengthens Caracal’s cash position, bringing the total raised over the past two weeks to $13.5 million. The addition of these two new high-profile partners, OCIM and Philoro, is a testament to the tremendous potential that Caracal offers and is focused on becoming a +50,000 ounce per year producer with +3M ounces in resources,” commented CEO Robbie McCrae.

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Gaming Realms PLC – London-based developer and licensor of gaming content for mobile devices – will pay £3.4 million in cash to JPJ Group Holdings Ltd, fully repaid. Says its financial position remains strong with cash generation and a net cash position as at 31 December expected to be around £3m.

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Hamak Gold Ltd – a British Virgin Islands-based gold exploration company focused on Liberia – says it has received very positive results from the first drill hole at the Ziatoyah target area on its Nimba concession in Liberia. The drilling confirms that the previously reported depth extent of surface mineralization is 14.0 meters at 1.98 grams per tonne gold. “These initial drill results from our first gold discovery on the Nimba license are extremely encouraging and indicate a potentially mineable width and grade at Ziatoyah. They indicate a significant mineralized system with geological similarities to nearby deposits currently being mined at Endeavor Mining Mine Ity in neighboring Ivory Coast, just approximately 25 kilometers northeast of Ziatoyah,” comments Executive Director Karl Smithson.

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Castelnau Group Ltd – closed-end investment firm – says Castelnau has agreed to provide the company with an unsecured credit facility of around £1.5million. The plan is to use the loan for general working capital needs. Adds that the loan is repayable on the first anniversary of the drawdown with an annual interest rate of 15% accruing daily.

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Argo Blockchain PLC – blockchain technology company based in London – is asking the UK Financial Conduct Authority to restore the listing of its common shares and this is expected to happen as soon as possible. Confirms it is in “advanced negotiations” with a third party to sell certain assets and engage in an equipment financing transaction. believes this will strengthen its balance sheet and improve its liquidity.

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Atome Energy PLC – Leeds, England-based producer and marketer of green hydrogen and ammonia – is planning a retail bid via PrimaryBid at an issue price of 106.2p per retail share. This represents a 10% discount to the median closing price on December 9th. Plans to use the funds to fund itself with additional funds to accelerate its growth, including the Villeta project, and for general working capital purposes.

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Clean Power Hydrogen PLC – a green hydrogen technology company based in Doncaster, England – is subscribing for 1.4 million new ordinary shares in Atome Energy PL’s retail offering at a price of 106.2p per share for a total investment of 1.5 million GBP. According to the statement, the investment accelerates both Atome and CPH2’s launch of green hydrogen electrolyzers across South America and is a testament to CPH2’s commitment to Atome’s Mobility Division. “Today’s announcement marks an extension of our ongoing collaboration with Atome to deploy CPH2’s electrolyzer units in Atome’s international hydrogen and ammonia projects. The Company’s investment in Atome is intended to accelerate Atome’s plans for commercial production of hydrogen in Paraguay using CPH2’s MFE220 electrolyser, thereby accelerating the rollout of our electrolysers across South America,” commented CEO Jon Duffy.

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Cineworld Group PLC – a London-based cinema operator – says its Israeli distribution subsidiary Forum Film Ltd has agreed with the Israel Antitrust Authority that it breached the terms of a 2010 merger agreement and that Cineworld CEO Mooky Greidinger is indirectly responsible for failure to prevent such breach. As a result, the Israeli court fined Forum Film around £150,000 and has personally fined Mooky Greidinger around £23,000 and given him a six-month suspended sentence. Expects that this ruling will not have an adverse impact on the continuing operations of Forum Film, Cineworld or Mooky Greidinger’s position as CEO of Cineworld.

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Seed Innovations Ltd – the Guernsey-based wellness and life sciences company – reports a net loss of £3.9m for the six months to 30th September which has been widened from £1.1m as the net unrealized loss on the Fair value revaluation of financial assets fluctuates to £3.5m from £762k gain. Interest income falls to £41,000 versus £45,000.

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By Abby Amoakuh, reporter for Alliance News

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