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The Goodbody Health Group operates within the United Kingdom and Europe as a trusted distributor and retailer of quality, accredited wellness products and diagnostic services to provide a unique ‘frontline’ healthcare service in the local community and enable customers to manage their health care digitally.

Further information can be found on the Company’s website: https://goodbodyhealth.com/ 

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RNS Number : 0125H

Northcoders Group PLC

25 July 2023

 

For immediate release

25 July 2023

 

 

Northcoders Group PLC

('Northcoders', the 'Group' or the 'Company')

 

Government contract win

H1-2023 Trading Update

 

Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Group has been successful in securing further funding from the Department for Education Skills Bootcamps Wave 4 bid. In addition, the Group provides a trading update for the six months to 30 June 2023 ('H1-2023' or the 'Period').

 

Contract win

 

The Group is pleased to announce that it has successfully secured further funding from the Department for Education Skills Bootcamps Wave 4 bid. This new round of funding provides Northcoders with a further £4.5 million to train individuals on the Northcoders market-leading bootcamp and provides the Company with strong revenue visibility for H2-2023 and FY-2024. In addition, it also provides the Group with a 12.5% increase in funding per student which is expected to increase the gross profit margins of the Group's training products and assist in covering recent inflation-linked cost increases.

 

Trading update

 

H1-2023 Highlights:

 

·   Increase in H1-2023 revenue of over 50% in comparison with H1-2022

·   Good FY-2023 revenue visibility with further confirmation of Skills Bootcamp funding and multiple corporate contracts in place

·   Strong balance sheet position with £2.9 million of cash and net cash of £2.0 million as at 24 July 2023

·   Significant investment into sales, marketing and partnership functions to ensure success against current economic backdrop

·   Tech Returners, which was acquired in February 2023, has now been fully integrated into the Business Services division and is performing well.

 

The Group is trading comfortably in line with management expectations. Revenue for the period increased by 52% to £3.5 million (H1-2022: £2.3 million).  As at 30 June 2023, revenue visibility for FY-2023 was £6.75 million, being 70% of the market expectations for the full year. As forecasted before the start of the current financial year, it remains the Board's expectation that FY-2023 revenues will be second half weighted.  Substantial business development progress has been made by Northcoders towards the visibility of H2-2023's revenue forecast.

 

In H1-2023 Northcoders' Business Solutions division secured a number of significant new contracts with large corporate clients including Deutsche Bank and BAE Systems. The Group also has confirmation of a repeat programme from KPMG to begin during Q4-2023 and a healthy business development pipeline which the Board is confident will further boost full-year revenue visibility during the coming months. In addition, to strengthening corporate business, the Business Solutions division has also secured its first public sector consultancy contract with a major government department.

 

The Training Bootcamps division grew its graduate hiring network by a further 9% by engaging with 76 new organisations for the first time this year. Northcoders now has a network of over 450 partner companies to sustain its graduate hiring from training bootcamps. The Group has also seen increased demand from individuals wanting to enrol on its core coding bootcamps and Returner Programmes. Application numbers in the six months to June 2023 stood at 3,494, which compares favourably with the 3,662 applications in the 12 months to December 2022.

 

Despite the positive momentum made by the Group in H1-2023, the current financial year does present a number of market challenges that demand the Board's full attention. The Group acknowledges the prevailing headwinds encountered by the technology market, including budget constraints, workforce reductions and recruitment freezes that is affecting many of the Group's partner companies, which potentially might affect the vacancies available to Northcoders Training Bootcamp graduates. The Board remains resolute in its approach and continues to inject significant investment into the Group's corporate sales and partnerships teams across all Northcoders' divisions. This proactive measure signifies the Group's total commitment to ensuring exceptional outcomes for the individuals engaged in its Training Bootcamps and positions the Group favourably for continued growth within its consultancy division, Business Services.

 

Outside of business development activity, the Group is making significant progress with its investment into its Technology platform, Ncore, which remains on track for roll-out across all its Training Bootcamps in early 2024.  Ncore is expected to grow our capacity, increase gross profit margins in the Group's Training Bootcamps division and bring multiple new ways of taking its Training Bootcamp products to market, such as the part-time/distance learning delivery of its courses.

 

The development of new training courses is going according to plan. Northcoders' Cloud Engineering training course has been developed and launched and the Group is pleased to see an increase in enrolment and employer interest. Northcoders looks forward to providing more updates about training course development and other strategic initiatives in the second half of the year.

Northcoders' cash flow continues to benefit from the Department for Education-funded scholarships being made available to those who previously utilised the Group's finance provider, which had absorbed working capital. The Group feels comfortable with current and forecasted cash positions and has the cash available to continue with planned investments. Focus will be applied to cashflow forecasting to ensure that the Group remains this way during uncertain economic times.   The Group has a strong cash position with £2.9 million of cash and £2.0 million of net cash as at 24 July 2023.

Chris Hill, CEO of Northcoders, said:"In spite of challenging market conditions, the Board is confident of achieving further growth for the full year.  During the period Northcoders won a number of contracts with large corporates as well as securing further funding from the Department for Education, providing the Group with good forward visibility of revenues.   The Company is financially strong and we are well placed to further invest in the business for growth."

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

– Ends –

 

 

 

For further enquiries: Northcoders Group plc Via Buchanan Chris Hill, CEO Tel: +44 (0) 20 7466 5000 Charlotte Prior, CFO investors.northcodersgroup.com         WH Ireland Limited (Nominated Adviser & Joint Broker) Tel: +44 (0)20 7220 1666 Mike Coe / Darshan Patel / Sarah Mather (Corporate Finance)       Peterhouse Capital Limited (Joint Broker) Tel: +44 (0) 20 7496 0930 Martin Lampshire www.peterhousecap.com Lucy Williams Duncan Vasey           Buchanan Communications Tel: +44 (0) 20 7466 5000 Henry Harrison-Topham northcoders@buchanan.uk.com Jamie Hooper

Notes to Editors

 

Northcoders is a market leading provider of technology training for businesses and individuals with courses in, Software Engineering, Data Engineering and Platform Engineering.  Founded in 2015, the Group's business model operates a hybrid structure with a flagship site in Manchester and other sites in Leeds, Birmingham and Newcastle supported by a proven digital offering to support its students across the UK.

 

Powered by IP rich technology, Northcoders offers boot camp courses to individuals from a range of backgrounds, delivered through virtual and physical learning.  The Group also works with blue chip corporates across multiple sectors to help them to achieve their digital requirements, with teams as a service and to supply innovative solutions for the upskilling and reskilling of employees. With a keen focus of inclusivity, diversity and quality at its core, Northcoders aims to address the digital skills gap in the UK to meet the increasing demand for digital specialists at all levels, from businesses and public agencies. 

 

Northcoders was admitted to trading on AIM in July 2021 with the ticker CODE.L.  For additional information please visitinvestors.northcodersgroup.com.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 5854G

Ora Technology PLC

20 July 2023

 

20July 2023

 

Ora Technology PLC

 

First day of dealings

 

Admission to the AQSE Growth Market

 

Supplementary Admission Information

 

Ora Technology PLC (Ora or the Company), a company that intends to operate an online platform named 'Ora Carbon' in which users will be able to buy, sell and retire carbon credits, is pleased to announce that dealings in its ordinary shares of £0.001 each (Ordinary Shares) will commence from 8:00 am today, 20 July 2023, on the Aquis Stock Exchange Growth Market (AQSE Growth Market) under the ticker symbol ORA and ISIN number GB00BP4YBY34.

 

The Company will be admitted to the Access segment of the AQSE Growth Market (Admission) and the commencement of trading of the Ordinary Shares follows a successful subscription and placing by Clear Capital Markets Limited for a total of 41,739,025 Ordinary Shares at £0.02 per Ordinary Share, raising gross proceeds of £834,780.50 (before expenses). 

 

On Admission, the Company will have 206,677,575 Ordinary Shares in issue (Enlarged Share Capital) and the market capitalisation of the Company will be approximately £4,133,552.

 

About Ora

 

Ora Technology PLC is a software company that is developing a digital carbon trading platform that intends to offer users the ability to buy, sell and retire carbon credits in the voluntary carbon market, an instrument used by both the public and private sectors to work towards carbon neutral and net-zero climate goals. Ora's 'Ora Carbon' platform aims to allow access to carbon assets – and the broader carbon economy – with the goal of reducing the complexity of current industry practices and an emphasis towards providing a simple and intuitive user experience.

 

For further contact:

 

Ora Technology PLC Michael Edwards, Executive Chairman Nicholas Lyth, Financial Director	www.oracarbon.com
First Sentinel Corporate Finance Limited (Aquis Corporate Adviser) Brian Stockbridge Gabrielle Cordeiro	+44 (0) 7876 888 011
Clear Capital Markets Limited (Broker in relation to the Fundraising) Bob Roberts	+44 (0) 20 3869 6080

 

 Supplementary Admission information in relation to the proposed admission of the Enlarged Share Capital to trading on the Access segment of the AQSE Growth Market

 

On 22 June 2023, Ora published an admission document (Admission Document) in connection with the proposed admission of the Enlarged Share Capital to trading on the Access segment of the AQSE Growth Market, a copy of which is available atplc.oracarbon.com. At the time of publishing the Admission Document, the Company had not finished the share placement in connection with the proposed admission (Placing).

 

The information contained in this announcement constitutes supplementary Admission information under the AQSE Growth Market Access Rule Book (AQSE Rules) as the Placing has been completed and constitutes a significant new factor relating to the information contained in the Admission Document. The Appendix to this announcement sets out the new and updated information which should be regarded as part of the Admission Document.

 

Important Information

This part of this announcement is supplemental to the Admission Document and should be read in conjunction with such document. This announcement does not constitute a prospectus and the Company is not making an offer to the public within the meaning of sections 85 and 102B of the Financial Services and Markets Act 2000 (FSMA). This announcement is not an approved prospectus for the purposes of, and as defined in, section 85 of FSMA, has not been prepared in accordance with the Prospectus Rules (as defined in the Admission Document) and its contents have not been approved by the Financial Conduct Authority (FCA) or any other authority which could be a competent authority for the purposes of the Prospectus Regulation (as defined in the Admission Document). Further, the contents of this announcement have not been approved by an authorised person for the purposes of section 21 of FSMA. This announcement will not be filed with or approved by the FCA or any other government or regulatory authority in the UK.

The Company and the Directors of the Company, whose names are set out in Part I of the Admission Document, have taken all reasonable care to ensure that the facts stated in this announcement are true and accurate in all material respects and that there are no other facts the omission of which would make misleading any statement in this announcement, whether of fact or of opinion. The Directors accept full responsibility accordingly, collectively and individually, for the information contained in this announcement including the Company's compliance with the AQSE Rules. To the best of the knowledge of the Company and the Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and there is no other material information the omission of which is likely to affect the import of such information.

Application has been made for the issued ordinary share capital of the Company to be traded on the Access segment of the AQSE Growth Market. Admission will become effective and that dealings in the Ordinary Shares will commence on the Access segment of the AQSE Growth Market today at 8:00am.

The AQSE Growth Market, which is operated by the Aquis Exchange PLC (Aquis Stock Exchange or AQSE), a recognised investment exchange under Part XVIII FSMA, is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies.

It is not classified as a regulated market under Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments and AQSE Growth Market securities are not admitted to the official list of the UK Listing Authority. Investment in an unlisted company is speculative and tends to involve a higher degree of risk than an investment in a listed company. The value of investments can go down as well as up and investors may not get back the full amount originally invested. An investment should, therefore, only be considered by those persons who are prepared to sustain a loss on their investment. A prospective investor should be aware of the risks of investing in AQSE Growth Market securities and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser authorised under FSMA who specialises in advising on the acquisition of shares and other securities.

Ora is required by the Aquis Stock Exchange to appoint an Aquis Exchange Corporate Adviser (AQSE Corporate Adviser) to apply on its behalf for admission to the Access segment of the AQSE Growth Market and must always retain an AQSE Corporate Adviser. The requirements for an AQSE Corporate Adviser are set out in the AQSE Corporate Adviser Handbook and the AQSE Corporate Adviser is required to make a declaration to the Aquis Stock Exchange in the form prescribed by Appendix B to the AQSE Corporate Adviser Handbook.

This announcement has not been approved or reviewed by the Aquis Stock Exchange or the FCA.

First Sentinel Corporate Finance Limited (FSCF), which is authorised and regulated by the FCA, is the Company's AQSE Corporate Adviser and joint broker for the purposes of Admission. FSCF has not made its own enquiries except as to matters which have come to its attention and on which it considered it necessary to satisfy itself and accepts no liability whatsoever for the accuracy of any information or opinions contained in this announcement, or for the omission of any material information, for which the Directors are solely responsible. FSCF is acting for the Company and no one else in relation to the arrangements proposed in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice to any other person on the content of this announcement.

Clear Capital Markets Limited (Clear Capital Markets) is acting as the Company's joint broker in connection with the Admission. Clear Capital Markets' responsibilities as the Company's joint broker are owed solely to the Company and not to any Director, or to any other person in respect of his decision to acquire Ordinary Shares in reliance on any part of this announcement but without limiting the statutory rights of any person to whom this announcement is issued. No representation or warranty, express or implied, is made by Clear Capital Markets as to, and no liability whatsoever is accepted by Clear Capital Markets for, the accuracy of any information or opinions contained in this announcement or for the omission of any material information from this announcement for which the Company and the Directors are solely responsible. Clear Capital Markets will not be offering advice to recipients of this announcement in respect of any acquisition of Ordinary Shares.

 

APPENDIX

1          SHARE CAPITAL AND ADMISSION STATISTICS

Number of existing Ordinary Shares	164,938,550
Number of new Ordinary Shares	41,739,025
Number of warrants outstanding	37,897,620
Enlarged Share Capital	206,677,575
Percentage of Enlarged Share Capital represented by new Ordinary Shares	20.20%
Issue price	2p
Gross proceeds of the fundraising	£834,780.50
Net proceeds of the fundraising	£575,244.10
AQSE Growth Market symbol (TIDM)	ORA
Market capitalisation of the Company on Admission	£4,133,552
ISIN	GB00BP4YBY34
SEDOL	BP4YBY3
LEI	894500PYLZIX23W4NG69

 

2          EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Publication of this announcement	20July 2023
Admission to trading on the Access segment of the AQSE Growth Market becoming effective and commencement of dealings in the Enlarged Share Capital	8.00 a.m. on20July 2023
CREST members' accounts credited in (where applicable)	On the date of Admission
Dispatch of definitive share certificates for Shares (where applicable)	Within 10 business days of Admission

             All references to time in this announcement are to London, UK time unless otherwise stated and each of the times and dates are indicative only and may be subject to change.

3          MATERIAL CONTRACTS

3.1       Broker agreement, commission, and warrants

            As per the terms of the agreement with Clear Capital Markets, the Company will pay a commission of 8% of the gross total monies raised in connection with the Placing. This amounts to GBP £57,952.40. In addition, it was agreed that Clear Capital Markets would be granted such number of warrants over new Ordinary Shares equal to 8% of the gross aggregate value of the Placing divided by the exercise price. The warrants consequently issued to Clear Capital Markets on Admission amount to 2,897,620 warrants. These warrants are exercisable at £0.02 and at any time in the three years following Admission.

4          ADDITIONAL INFORMATION ON THE COMPANY

4.1       Directors renumeration to date

            As of the date of this announcement, Marallo Holdings Inc and Dark Peak Services Ltd have received GBP 16,000 each in renumeration for their provision of the services of Michael Edwards and Nicholas Lyth, respectively to the Company. Jonathan Hives (whose annual fee is GBP 24,000, payable from Admission) has not received any payments to date.

4.2       Updated information on major shareholders

            Part IV 4.1.1 of the Admission Document details any shareholders holding equal to, or over 3% of capital or total voting rights. An updated table follows:

Name	Number of Ordinary Shares prior to Admission	% of issued share capital prior to Admission	Number of Ordinary Shares on Admission	% of issued share capital on Admission
Marallo Holdings Inc	58,000,000	35.16	58,000,000	28.06
Fidelio Partners Pte Ltd	12,000,000	7.28	12,000,000	5.81
Toro Consulting Ltd	12,000,000	7.28	12,000,000	5.81
Crowdform Ltd	11,037,550	6.69	16,556,325	8.01
California Two Pizza Ventures Inc	12,000,000	7.28	12,000,000	5.81
Barnard Nominees	7,000,000	4.24	7,000,000	3.39
Brian Stockbridge (Director of FSCF)	10,000,000	6.06	10,000,000	4.84

4.3       Unaudited Pro Forma Statement of Net Assets

The Directors

Ora Technology Plc

72 Charlotte Street

London

W1T 4QQ

 

19 July 2023

 

Dear Sirs,

 

Ora Technology PLC ("the Company")

 

We report on the unaudited pro forma financial information (the "Pro Forma Financial Information") set out in Part III of the Company's admission document dated 22 June 2023 (the "Admission Document") which has been prepared on the basis described in the notes to the Pro Forma Financial Information, for illustrative purposes only, to provide information about the proposed admission of the ordinary shares of the Company to the AQSE Growth Market. This report is given for the purpose of complying with paragraph 6.7 of Table A of Appendix 1 to the AQSE Growth Market – Access Rulebook published by Aquis Exchange Limited and for no other purpose.

Responsibilities

It is the responsibility of the directors of the Company to prepare the Pro Forma Financial Information in accordance with paragraph 6.7 of Table A of Appendix 1 to the AQSE Growth Market – Access Rulebook.

 

It is our responsibility to form an opinion, in accordance with paragraph 6.7 of Table A of Appendix 1 to the AQSE Growth Market – Access Rulebook, as to the proper compilation of the Pro Forma Financial Information and to report our opinion to you.

 

In providing this opinion we are not updating or refreshing any reports or opinions previously made by us on any financial information used in the compilation of the Pro Forma Financial Information, nor do we accept responsibility for such reports or opinions beyond that owed to those to whom those reports or opinions were addressed by us at the dates of their issue.

 

Save for any responsibility which we may have to those persons to whom this report is expressly addressed and for any responsibility arising under paragraph 6.7 of Table A of Appendix 1 to the AQSE Growth Market – Access Rulebook to any person as and to the extent there provided, to the fullest extent permitted by law we do not assume any responsibility and will not accept any liability to any other person for any loss suffered by any such other person as a result of, arising out of, or in connection with this report or our statement, required by and given solely for the purposes of complying with paragraph 6.7 of Table A of Appendix 1 to the AQSE Growth Market – Access Rulebook.

 

Basis of opinion

We conducted our work in accordance with the Standards for Investment Reporting issued by the Auditing Practices Board in the United Kingdom. The work that we performed for the purpose of making this report, which involved no independent examination of any of the underlying financial information, consisted primarily of comparing the unadjusted financial information with the source documents, considering the evidence supporting the adjustments and discussing the Pro Forma Financial Information with the directors of the Company.

 

We planned and performed our work so as to obtain the information and explanations we considered necessary in order to provide us with reasonable assurance that the Pro Forma Financial Information has been properly compiled on the basis stated and that such basis is consistent with the accounting policies of Ora Technology Plc.

 

Opinion

In our opinion:

 

a)    the Pro Forma Financial Information has been properly compiled on the basis stated; and

 

b)    such basis is consistent with the accounting policies of Ora Technology Plc.

 

Declaration

For the purposes of Appendix 1: Information for an admission document, Paragraph 1.2 of Table A of the AQSE Growth Market – Access Rulebook, we are responsible for this report as part of the Admission Document and declare that we have taken all reasonable care to ensure that the information contained in this report is, to the best of our knowledge in accordance with the facts and contains no omission likely to affect its import. This declaration is included in the Admission Document in compliance with paragraph 1.3 of Table A of Appendix 1 of the AQSE Growth Market – Access Rulebook.

 

Yours faithfully,

 

 

Haysmacintyre LLP

10 Queen Street Place

London

EC4R 1AG
 

(A)  UNAUDITED PRO FORMA STATEMENT OF NET ASSETS

            

The following unaudited pro forma statement of net assets of the Company is prepared for illustrative purposes only. Because of its nature, the pro forma statement of net assets, it addresses a hypothetical situation and, therefore, does not represent the Company's actual financial position on Admission. The statement is prepared to illustrate the effect on the assets and liabilities of the transactions as listed below. The unaudited pro forma statement of net assets is compiled on the basis set out below from the unaudited financial information of the Company as at 30 November 2022 as set out in this document. No adjustments have been made to reflect trading results in the period 1 December 2022 to Admission.

 

	Unaudited Financial Position 30 November 2022 £	Funds Raised Pre-Admission   £	Funds Raised on Admission   £	Total Pro Forma Net Assets on Admission £
Cash	–	639,001	834,781	1,473,782
Receivables Total Assets	1 1	(1) 639,000	834,781	– 1,473,782
Payables	–	–	–	–
Total Net Assets	1	639,000	834,781	1,473,782

 

The proforma statement of net assets of the Company has been prepared as an aggregation of the following items:

•    the net assets of Ora Technology PLC as at 30 November 2022 as extracted from the underlying accounting records;

•     the gross proceeds of all fund-raising activities completed by Admission; and

•     no adjustment has been made to reflect trading results since these dates.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 1462G

Kanabo Group PLC

17 July 2023

 

17 July 2023

 

Kanabo Group Plc

("Kanabo", the "Group" or the "Company")

 

Commercial Success for Kanabo Agritec with Contract Award in Spain

 

Kanabo Group plc (LSE: KNB), a health-tech company focused on patient care with its innovative digital healthcare platform and medical cannabis treatment portfolio, announces that its 40% owned subsidiary, Kanabo Agritec Ltd. ("Agritec"), has signed a contract with Taima Growth S.L. ("Taima"). The contract is for the development of an indoor medical cannabis cultivation and processing facility in Madrid, Spain ("the Agreement").

 

Kanabo Agritec provides consulting services around facility planning, design and implementation for the production of medical cannabis. Agritec's expertise includes choosing genetics, the automation of irrigation and fertigation, humidity control systems and optimising harvest through bespoke solutions.

 

Taima was incorporated as a SPV (special purpose vehicle) in 2019 and is seeking to establish a network of facilities for the cultivation and distribution of medical-grade cannabis in Spain. Notably, partners from Aurea Capital Partners, a Spanish investment firm focusing on renewable energy and sustainable agriculture, are invested in the project. Aurea Capital Partners has a proven track record in sustainable investment, recently selling its first investment in Spain to Goldman Sachs. Agritec currently holds 5% of the issued share capital of Taima, and its shareholding will be incrementally increased by an additional 15% based on the achievement of specific milestones.

 

Avihu Tamir, Chief Executive Officer of Kanabo, commented:

 

"Securing this agreement marks a pivotal step in Kanabo's roadmap. The high-quality supply chain that Agritec and Taima's partnership offers not only ensures access to premium materials but also promises to generate profits and enhance shareholder value for The Group. We're excited about this synergy and the immense potential it holds.

 

"We look forward to supporting Agritec and their work with Taima."

 

The Project

 

The project will run in two stages, with Phase 1 expected to begin in the next few months and last 12 months. Following completion of Phase 1, the Spanish Agency of Medicines and Medical Devices ("AEMPS") will inspect the facility and will grant a licence for production and manufacturing of Cannabis and its products, subject to the successful passing of the inspection.

 

Upon receipt of the licence, Agritec is contracted to implement Phase 2 of the project, which is expected to last between 8 and 12 months. The facility will be fully operational at the conclusion of Phase 2 and will be capable of producing up to 3,000 kgs of cannabis flowers annually.

 

Regardingrevenue generated from the Agreement, while specific numbers are pending finalisation of timelines, Agritec anticipates a significant financial yield from this pivotal project. Concrete figures are expected to be announced shortly but we are pleased to confirm that this contract represents a substantial opportunity for enhanced revenue generation. Further information on projected revenue will be shared in due course.

 

The Agreement marks an important growth stage for the Group's subsidiary and will contribute to Kanabo's long term strategy to diversify and secure a reliable supply chain. The facility will also adopt Kanabo's high-quality manufacturing standards, ultimately facilitating patient access to the highest-quality  products.

 

 

Enquiries:

 

Kanabo Group plc Avihu Tamir, Chief Executive Officer Assaf Vardimon, Chief Financial Officer Ian Mattioli, Non-Executive Chair of the Board	via Vigo Consulting +44 (0)20 7390 0230
Peterhouse Capital Ltd (Financial Adviser and Broker) Eran Zucker / Lucy Williams / Charles Goodfellow	+44 (0)20 7469 0930
Vigo Consulting (Financial Public Relations/Investor Relations) Jeremy Garcia / Fiona Hetherington / Verity Snow kanabo@vigoconsulting.com	+44 (0)20 7390 0230

 

About Kanabo Group Plc

Kanabo Group Plc (LSE:KNB) is a healthtech company committed to revolutionising patient care through its innovative technology platform and disruptive product offerings. Since its inception in 2017, Kanabo has been focused on researching, developing, and commercialising regulated medicinal cannabis-derived formulations and therapeutic inhalation devices.

 

Kanabo's NHS-approved online telehealth platform, The GP Service, provides patients with video consultations, online prescriptions, and primary care services. The Company is a leader in its field, focusing on improving patient outcomes and providing more accessible healthcare experiences.

 

The Company's partially owned subsidiary, Kanabo Agritec Ltd, is a cultivation consultancy supporting cannabis businesses in developing new farms through infrastructural, research, and product guidance. These farms deliver high-quality raw materials for Kanabo's formulas and product line.

 

In March 2023, Kanabo successfully launched its Pain Clinic, Treat It, under the expert guidance of its technological and product expertise. Treat It initially focuses on chronic pain management using plant-based medicine and treatments that are currently unavailable through traditional channels.

 

At Kanabo Group Plc, we are dedicated to providing patients with the highest quality medical treatments and more accessible healthcare experiences.

 

Visitwww.kanabogroup.comfor more information.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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Neville Registrars are delighted to welcome Caledonian Trust PLC as the newest addition to its list of client companies.

Caledonian Trust is a long-established conservatively-managed property company whose assets include a number of properties with a reasonable probability of very high returns combined with a high probability of nil or limited losses: "high upside, limited downside".

Further information can be found on the Company's website: https://www.caledoniantrust.com/

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RNS Number : 6344D

Chamberlin PLC

22 June 2023

 

 

22 June 2023

Chamberlin plc

("Chamberlin", the "Company" or the "Group")

 

Major Contract Win

 

Chamberlin (AIM: CMH.L), the specialist castings and engineering group, announces that its castings subsidiary, Chamberlin & Hill Castings Ltd ("CHC"), has secured a major new contract worth approximately €7.3 million of revenue over an eight-year term with a leading European automotive industry components supplier. Under the contract, CHC will supply complex turbo charger bearing housing castings to the European automotive OEM that will be utilised in its passenger car engines.

 

Secured after a rigorous competitive tender process, tooling production begins in July 2023 and supply of the pre-series sample production parts will take place throughout the current financial year. Serial production commences in July 2024 and is expected to contribute annual revenues of approximately €1.1 million.

  

Kevin Price, Chief Executive of Chamberlin, commented,

 

"I am delighted to announce this major contract win for our Walsall foundry. This business win represents a significant step forward in re-building revenues at Chamberlin and Hill Castings and securing the long-term future order book. This contract strengthens our position as Europe's leading supplier of grey iron castings to the Automotive turbo charger market."

 

 

Enquiries:

 

Chamberlin plc Kevin Price, Chief Executive Officer Alan Tomlinson, Finance Director		T: 01922 707100
Cenkos Securities plc (Nominated Adviser and Joint Broker) Katy Birkin Stephen Keys George Lawson		T: 020 7397 8900
Peterhouse Capital Limited (Joint Broker) Lucy Williams Duncan Vasey		T: 020 7469 0930

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

 

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RNS Number : 4627C

Pennant International Group PLC

13 June 2023

 

 

 

                                                                                                                       13 June 2023

 

PENNANT INTERNATIONAL GROUP PLC

 

Business Update: New Contract Wins

 

 

Pennant International Group plc (AIM:PEN), the IPS software and services company, is pleased to report further progress as it implements its new business model, with the following new orders secured :

 

·     a contract on an Australian defence programme, to supply software solutions and technical services worth AUD$5.2 million over five years;

 

·     an upgrade on an existing Australian contract to provide specialist facilities and services worth AUD$1.2 million over five years;

 

·     a £250,000 perpetual software licence to a European defence department;

 

·     a contract for technical railway mapping services in the UK, worth circa £130,000 this year.

 

The first order is particularly significant as it represents the first sale of Pennant's new GenS software, which will be fully launched to market in early 2024.

 

GenS is the successor product to OmegaPS and is the next generation of Integrated Product Support software – a Windows application, hosted on premise or via the cloud, deployable on laptops or tablets, and which enables the seamless management of equipment data across complex programmes.  

 

Phil Walker, Group CEOcommented:"These new contract wins demonstrate that recent momentum has been maintained in building our new business model. It is especially pleasing to secure the first sale of the new GenS solution."  

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Enquiries:

 

Pennant International Group plc		www.pennantplc.co.uk
Philip Walker, CEO David Clements, Commercial & Risk Director Michael Brinson, CFO		+44 (0) 1452 714 914
WH Ireland Limited (Nomad and Broker)		https://www.whirelandplc.com/capital-markets
Mike Coe / Sarah Mather (Corporate Finance)		+44 (0) 20 7220 1666
Fraser Marshall / George Krokos (Sales)
Walbrook PR (Financial PR)		pennant@walbrookpr.com
Paul Vann Joe Walker		+44 (0)20 7933 8780 Mob: +44 (0)7768 807631

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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RNS Number : 8711B

Ondo InsurTech PLC

07 June 2023

 

7th June 2023

 

Ondo InsurTech Plc ("Ondo" or "the Company")

 

 

Premium US insurer Mutual of Enumclaw signs contract to install 10,000 LeakBot systems with customers in Washington State

 

 

 

Ondo InsurTech Plc ("Ondo"), the London-listed leader in claims prevention technology for home insurers, is pleased to announce that premium US insurer Mutual of Enumclaw has signed a contract to distribute Ondo's LeakBot system to homeowner insurance customers in Washington State.

 

Having its origins in Washington State, Mutual of Enumclaw is a member-owned insurer operating in Washington, Oregon, Idaho, Utah, Arizona, Montana, and Wyoming in the US Pacific Northwest and has approximately 100,000 homeowner insurance customers,generating over $180 million in written premiums in 2022.

 

Mutual of Enumclaw will initially partner with Ondo to provide 10,000 devices to be installed in their customers' homes in the state of Washington. These units are expected to be installed within the first 6 months, starting in August 2023.

 

Jerel Titus, Chief Member Experience Officer of Mutual of Enumclaw, said: "Member safety is at the center of who we are as an organization.  Non-weather water events endanger our members' health, their homes, and their wallets. The innovative leak detection and prevention technology, ease of use, and overall effectiveness of the LeakBot solution make it a perfect fit to protect our Mutual of Enumclaw members." 

 

Craig Foster, CEO of Ondo InsurTech Plc, said: "We are very pleased to announce this new agreement today which represents another important step on our path to build a strong presence in the United States. We look forward to working with Mutual of Enumclaw, a premium US insurer with a well established position in a number of states in the US Pacific Northwest, and we hope to further grow this relationship together over time."

 

 

Enquiries

 

For further information, please visitwww.ondoplc.com  or contact the following: 

Ondo InsurTech Plc	Jim Strickland, General Manager – North America	+001 817 807 8962
SI Capital Ltd (Company Broker)	Nick Emerson Jon Levinson	+44 (0) 1483 413500 +44 (0) 20 3143 0600
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	+44 (0) 7949 690338

 

About Mutual of Enumclaw

 

With a rich history dating back to 1898, Mutual of Enumclaw works exclusively with local independent agents to offer insurance products to individuals, families, farms, and businesses. The company currently operates in Washington, Oregon, Idaho, Utah, Arizona, Wyoming and Montana. The company has been consistently recognized as one of Washington's 100 Best Companies to Work For by Seattle Business Magazine.

 

For more information, visitwww.mutualofenumclaw.com.

 

Press Release Contact:

Michael Cousins, Brand Director

MCousins@MutualofEnumclaw.com  

1-800-366-5551, Ext. 3366

 

 

About Ondo InsurTech PLC

 

Ondo InsurTech Plc is a world leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses.  Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined.  LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem.  Recent independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%.

 

LeakBot partners with 11 insurance carriers – including Admiral, Direct Line Group, Hiscox, Mapfre and TopDanmark – across 5 different countries, in Europe and the USA.

 

In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo InsurTech Plc (LSE:ONDO).

 

For more information, visitwww.ondoplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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Billington Holdings PLC is a uk based group of companies focused on its structural steel & engineering activities throughout the uk and european markets.

Further information can be found on the Company’s website: https://billington-holdings.plc.uk/

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RNS Number : 6437Z

4GLOBAL PLC

17 May 2023

 

17May 2023

4GLOBAL PLC

 

("4GLOBAL", the "Group" or the "Company")

 

Strategic partnership in North America

 

4GLOBAL, a UK-based data, services and software company, is pleased to announce the signing of a strategic partnership to exploit a multi-million US dollar opportunity with Jonas Fitness Inc, part of Jonas Software, a worldwide Constellation Software company.

 

Constellation Software is an international provider of market-leading software and services to several industries generating consolidated revenues exceeding US$4 billion. This partnership extends 4GLOBAL's relationship with Jonas brands into North America and their 10k+ customer sites, building on well-established relationships with other parts of the Group in the United Kingdom, including Xn Leisure, Gladstone and Fitronics.

 

Jonas Fitness Inc provides gym management software to health, wellness, and fitness facilities worldwide. Jonas' continued focus is on creating long-term relationships with its health club operators and ensuring that it can meet its software, billing, and service needs.

 

This exciting partnership creates an integration between Jonas Fitness Inc's 'Compete' product and 4GLOBAL 'Biz Insight' module. This will allow Jonas Fitness Inc customer base to purchase 4Global's Biz Insight software solution through Jonas Fitness Inc, taking advantage of sector standard KPIs, shared best practice benchmarks and uncovering operational insights into their business. The Partnership gives Jonas Fitness Inc. a new software solution to sell to their customer base, enhancing an already strong product in "Compete" providing insight that completes the product delivery for Jonas Fitness Inc customers.

 

Eloy Mazon, Chief Executive Officer of 4GLOBAL, commented:

 

"This partnership reflects our commitment to driving positive change and making a lasting impact on the fitness industry, widening our reach into North America making it easier for our customers to have access to our world leading software products and data providing them better understanding about their business and their customers. We are confident that this strategic partnership will unlock new opportunities, inspire a number of people, and assist in shaping the future of fitness."

 

 

For further information please contact:

4GLOBAL Eloy Mazon (CEO)	c/o IFC Advisory
Spark Advisory Partners – Nominated Adviser Neil Baldwin	0203 368 3554
Canaccord Genuity Limited – Broker Bobbie Hilliam	020 7523 8000
IFC Advisory Graham Herring / Zach Cohen	0203 934 6630

 

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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