TRADING UPDATES: Pensana signals loan facility and bond issuance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on ...

Alliance News 3 September, 2021 | 9:59PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

----------

Ormonde Mining PLC - gold explorer in Spain - Shareholder Thomas Anderson, who owns a 22% stake, proposes Brendan McMorrow and Keith O'Donnell be added to the board. Tom Barry, previously proposed by Anderson, withdrew his nomination. Ormonde is reviewing the request and will provide an update on reconvening its annual general meeting, which was adjourned on July 16.

----------

Pensana PLC - London-based rare earths explorer - Engages ABG Sundal Collier to progress debt financing, expected to be a USD250 million, five-year facility. A bond issuance may take place in the fourth quarter. Enters 25-year lease agreement for the initial nine-hectare site for the rare-earth separation facility at Saltend Chemicals Park. Front end engineering design for Saltend and the Longonjo project in Angola are both expected to be complete in October, as scheduled. Expression of interest in the UK government's GBP1 billion Automotive Transformation Fund has been received positively.

----------

Powerhouse Energy Group PLC - Bingley-based hydrogen producer - Grants Hydrogen Utopia International PLC an exclusive licence to use Powerhouse's DMG technology in Poland, Greece and Hungary. HUI will pay Powerhouse a further EUR625,000 plus royalties, on top of a EUR125,000 deposit already paid.

----------

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pensana PLC Ordinary Shares 106.00 GBX 0.95 -
PowerHouse Energy Group PLC 4.44 GBX -3.06 -
Ormonde Mining PLC 1.03 GBX -2.38 -
Ormonde Mining PLC 0.01 EUR -4.17 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.