Learning Technologies Group PLC (LON:LTG) is to pay US$31.7mln to acquire Open LMS, a big name in the world of Moodle, an open-source learning management system.
H&T Group PLC (LON:HAT) reported a surge in profits for 2019 as its business was lifted by acquisitions and what its chief executive said was a “beneficial gold price”. For the year ended 31 December, the pawnbroker reported a pre-tax profit of £20.1mln, up 45.7% on the prior year, with the company’s pledge book (the value of pawned items) increased by 38.8% to £72.2mln.
Seeing Machines Ltd (LON:SEE) has reported double-digit growth in operational revenues for its first half amid accelerating demand for its driver monitoring technology. For the six months ended 31 December, the AIM-listed firm reported operational revenues of A$15.8mln, 12.8% higher year-on-year, while net losses edged up to A$24.9mln from A$24.7mln.
The board of Iofina PLC (LON:IOF) has unanimously recommended that shareholders resist attempts by Brexit-backer Arron Banks to join the board. The directors feel that Banks’s nose might have been put out of joint by the board’s decision not to proceed with a hemp project in Belize that Banks was associated with.
Symphony Environmental Technologies PLC (LON:SYM) has started tests to determine whether its anti-microbial d2p technology can also be effective against viruses such as Covid-19.
The results from a clinical trial of a broad-spectrum flu jab being developed by an Open Orphan PLC (LON:ORPH) joint-venture have been published in a peer-reviewed journal. The journal article concluded the vaccine is immunogenic (able to produce an immune response) and “merits phase III development to explore efficacy”.
Arix Bioscience PLC (LON:RIX) chief executive Joe Anderson said the focus going forward is on “driving realisable value in our portfolio and in turn our NAV”.
Equipment due to be delivered to Romania to help Vast Resources PLC (LON:VAST) commence production at its Baita Plai project is currently being load at the port in China.
W Resources PLC (LON:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, has raised £756,000 via placing of just under 210mln new shares to new Spanish investors. The funds raised will be used to advance development work at the Régua project, where the first blast was completed last week.
Ncondezi Energy Ltd (LON:NCCL) is making good progress towards the completion of the financial model for the development of its power project in Mozambique, according to chief executive Hanno Pengilly. “I am pleased to report that the project finance model is at an advanced stage and nearing final sign off by the company and its partners,” said Pengilly.
SDX Energy Plc (LON:SDX) has announced a successful result in the Rabul-3 well in the West Gharib Concession, Egypt, encountering two reservoirs.
Solo Oil PLC (LON:SOLO) is confident it has sufficient cash resources as it received deposit money back after the recent cancellation of a transaction with ONE-Dyas.
The famous Cammell Laird marine engineering company is to use Crossword Cybersecurity PLC ‘s (LON:CCS) Rikizon Assurance product to manage risk in its supply chain.
Corero Network Security PLC’s (LON:CNS) chief financial officer Andrew Miller resigned and is off to work in private equity, though he will remain a non-executive. Jens Montanana, Corero’s chairman, said: “Andrew has been a valued member of our management team as CFO since 2010 and has made a significant contribution to the business.” Work has begun to find a replacement, added Montanana.