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RNS Number : 4993M

EU Supply PLC

14 October 2016

 

 

14 October 2016

EU Supply plc

("EU Supply", the "Company" or the "Group")

 

Contract win

 

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that the Company has signed an addendum (the "Addendum") to the agreement with the Minister for Public Expenditure and Reform in Ireland to develop certain enhancements to the Irish Government's national eProcurement platform, www.eTenders.gov.ie, which is powered by the Company's CTM™ platform and in use by over 2,500 public sector bodies in Ireland. As announced on 13 September 2016, the Minister for Public Expenditure and Reform recently executed its option to extend the existing agreement between the parties until May 2020.

 

The Addendum is on a time and materials basis and EU Supply expects it to generate revenues, in aggregate, of approximately €450,000, with up to €50,000 being generated in 2016 and the remainder in 2017.

 

While the signing of this Addendum underpins the Board's confidence in the forecasted revenue growth in 2017, for the year ending 31 December 2016 the continued weakening of sterling (versus mainly Swedish Krona and the Euro) is expected to increase the Company's reported revenues (as well as reported costs) ahead of consensus forecasts resulting in an overall loss marginally higher than the bottom of the range of consensus forecasts. However, based on the Company's current pipeline of opportunities, including several enhancement projects under discussion, and its order book, the Board still anticipates that the Group will reach operating profit on a monthly run rate basis in the last quarter of 2016.

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Mattias Ström, CFO       Stockdale Securities Tel: 020 7601 6100 Tom Griffiths, David Coaten

 

A copy of this announcement is available at www.eu-supply.com.

 

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

This information is provided by RNS

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RNS Number : 4042M

APC Technology Group PLC

13 October 2016

 

13 October 2016

APC TECHNOLOGY GROUP PLC

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

 

Sale of Water Hygiene & Treatment Division

 

The Board of APC (the "Board") is pleased to announce that it has agreed the sale of its water hygiene and treatment division to Integrated Water Services Ltd ("IWS"), a subsidiary of South Staffordshire Plc. The division has been sold for a total consideration of £1.8m: £0.8m in cash consideration payable to APC, and £1m in respect of the settlement of amounts outstanding under the invoice finance facility provided by ABN Commercial Finance. In addition the transaction has allowed APC to dispose of £0.65m of future liabilities under operating leases, halve the Company's headcount and significantly reduce fixed costs.

 

This disposal follows a review by the Board to focus efforts on the growth of its high reliability electronic components, Smartwave Internet of Things ("IoT") products, and energy efficient lighting distribution businesses.

 

The Board believes that these businesses align much more closely, both operationally and in terms of future strategy, and that they provide a sustainable base for the future development of the Group.

 

Each one of these businesses have established products that exist in markets with significant growth opportunities and this disposal, along with other recent restructuring and financing initiatives, will help the Group to take full advantage of them.

 

The proceeds of the disposal will be used to strengthen the balance sheet and support working capital.

 

The business sold relates to the shares of Green Compliance Water Division Ltd which deals with water hygiene and treatment.  In the 17 months to 31 August 2015 the business being sold had audited revenues of £11.3m, made a loss before tax of £2.1m and had net assets at 31 August 2015 of £0.4m.

 

Richard Hodgson, Chief Executive of APC, commented:

 

"'We are very pleased to have reached agreement with IWS in relation to the disposal of our water hygiene and treatment division and believe that they offer a great home for the water staff and customers to thrive as part of a much larger business within the water industry.

 

With the restructuring of APC during the past 12 months, the fund raisings that we completed in February and August and now this disposal, APC is entering our fiscal year 2017 as a very focused operator in the high reliability electronic components, Smartwave Internet of Things products, and energy efficient lighting distribution businesses. This deal has also allowed us to significantly reduce our fixed costs.

 

We are committed to building an outstanding technical sales, marketing and distribution company for the incredible technologies that we represent in these growth markets now and in the future.

 

We look forward to the coming year as one where we can consolidate and grow our operations in these sectors." 

 

Enquiries
APC Technology Group PLC	+44 (0) 330 313 3220
Richard Hodgson, Chief Executive	www.apc-plc.co.uk
Art Russell, Chief Financial Officer
BDO LLP (Financial Adviser to APC)	+44 (0) 121 352 6200
Satvir Bungar
Stockdale Securities Limited (Nominated Adviser and Broker)	+44 (0)20 7601 6100
Mark Brown / Antonio Bossi / Edward Thomas
Redleaf Communications (Financial PR)	+44 (0)20 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson

 

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RNS Number : 4017M

Crimson Tide PLC

13 October 2016

 

Crimson Tide PLC

("Crimson Tide" or the 'Company')

Significant long term contract win with large UK retailer

 

Crimson Tide ﴾TIDE﴿, the AIM‐quoted provider of mpro5 ‐ Smart Mobility as a Service, has signed its most significant long term contract with a large UK retailer. Its mpro5 service will be used to ensure store safety, cleanliness and security.  This deployment follows a successfully executed pilot.

 

The contract value is worth over £1.7m of additional revenue over an initial term of 48 months, the largest gross revenue contract in the Company's history.

 

This extended roll out involves implementing the mobility platform to almost 500 stores to enable the scheduling of regular cleaning, reactive cleaning and incident capture; as well as providing dynamic audits and bespoke management dashboards. 

 

Barrie Whipp, Executive Chairman of Crimson Tide, said: "This landmark contract is the largest in our history in terms of value and means that mpro5 will be present in nearly 500 more locations throughout the UK. The four-year term represents validation of the partnership we have quickly formed with this well-known retailer. The contract represents another cornerstone of our enterprise level agreement strategy, which now represents a substantial element of our contracted revenues for the coming years

Following this contract win we are accelerating other  expansion plans, both in the UK and overseas. The Directors are extremely pleased with this long term contract, which is the culmination of a great deal of work by our team. We are very excited indeed about the future prospects of the Company and look forward to pushing ahead with further opportunities."

 

For further information:

Crimson Tide plc

 

Barrie Whipp/Steve Goodwin 01892 542 444

 

WH Ireland

James Joyce /James Bavister 020 7220 1666

 

Notes to editors

1.   Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 ‐ Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.

2.   Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world‐class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.

3.   mpro5 is a platform‐agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.

4.   mpro5 not only helps people improve their day‐to‐day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.

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RNS Number : 2669M

Boston International Holdings PLC

12 October 2016

 

12 October 2016

Boston International Holdings plc

("BIH" or the "Company")

 

Admission to Trading and First Day of Dealings

 

Boston International Holdings plc, a special purpose acquisition company (SPAC) formed to undertake one or more acquisitions of target companies or businesses in the FX sector, is pleased to announce its entire issued ordinary share capital consisting of 29,620,948 Ordinary Shares of £0.01 each will be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). It is expected that the Admission will become effective and that dealings will commence at 8.00 a.m. on 12 October 2016 under the ticker BIH. Since its incorporation, the company has raised gross proceeds of £1,382,476 through subscription by the founder and a private placing which closed shortly prior to listing.

 

Highlights:

 

·      Following Admission, BIH is seeking to acquire companies within the FX sector to capitalise on consolidation opportunities and create shareholder value by driving positive change. The company is looking at targets across the entire FX value chain

·      BIH will seek re-admission of the enlarged group following the acquisition through a reverse takeover to trading on the London Stock Exchange or admission to another stock exchange

·      Once the first successful acquisition is completed (within 18 months) BIH will employ a roll-up acquisition strategy going forward

·      Strong management team with deep experience across FX and FS sectors and sourcing M&A opportunities

·      BIH will implement an operating strategy in the acquired business(es) to generate value for its Shareholders through:

o  Operational improvements

o  Potential complementary acquisitions

o  Re-admission of the enlarged group

·      BIH is looking for a company with the following investment criteria:

o  Recent underperformance relative to capabilities

o  Strong competitive industry position

o  Large potential for growth

o  Strong and experienced management teams

 

The Market

·     Foreign exchange is the world's largest financial market with trading volumes of over $5 trillion per day recorded in April 2016 [1]

·      The UK market is the largest contributor and is responsible for almost 50% of the daily global volume [1]

·      Prime brokered trades accounted for around 17.4% of this total, or $887 billion per day [1]

·      Retail FX volumes account for around 5.5% of this total, or a value of $282 billion per day [1]

 

Use of proceeds:

 

·      Acquiring target business as part of a share consideration

·      Expenses relating to the acquisition (e.g. due diligence, legal and accounting costs)

·      Remaining cash to be used for working capital purposes

 

Borden James, the Company's Chairman, commented: "With global FX market volumes reaching over US$5tn per day, it is the largest financial market globally, yet it is also one of the most fragmented. This, combined with an increasingly complex regulatory environment and lower thresholds for risk across the industry, means that this fragmented market is prime for investment and consolidation.

 

"The knowledge and experience of the Board, in particular in the FX, financial services and legal and compliance sectors, will contribute to the implementation of company strategies in the acquired businesses that enhance shareholder value and generate strong returns for investors.

 

"We are very pleased to have secured investment for the Admission and look forward to executing our stated acquisition strategy for the benefit of our shareholders."

 

[1] The Bank of International Settlements Triennial Central Bank Survey of foreign exchange and OTC derivatives markets in 2016, September 2016

 

Copies of the Prospectus, published by the Company on 7 October 2016 in connection with the Admission, will be available from the Company's registered office at Unit 514, The Metal Box Factory, 30 Guildford Street, London, SE1 0HS and at the National Storage Mechanism website at http://www.morningstar.co.uk/uk/NSM.  The Prospectus, along with further information about the Company, can also be found at www.bihplc.com 

 

ENDS

 

Boston International Holdings (BIH) is a special purpose acquisition company (SPAC) listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange. BIH is seeking to acquire a business operating in the foreign exchange (FX) sector. Following the acquisition, BIH intends to seek re-admission of the enlarged group to trading on the London Stock Exchange or admission to another stock exchange.

 

Enquiries:

 

Yellow Jersey PR Limited (Financial PR)

Charles Goodwin / Joe Burgess

Tel: +44 203 735 8918

 

This information is provided by RNS

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RNS Number : 2818M

Crimson Tide PLC

12 October 2016

 

Crimson Tide PLC

("Crimson Tide" or the 'Company')

Crimson Tide signs long term contract with National Centre for Hereditary Coagulation Disorders (NCHCD)

 

Crimson Tide ﴾TIDE﴿, the AIM‐quoted provider of mpro5 ‐ Smart Mobility as a Service, has entered into a contract with the NCHCD in Ireland, whereby mpro5 will deliver its healthcare solution to patients in the management of treatment for hereditary coagulation disorders, commonly known as haemophilia.

 

The contract value is worth approximately €140,000 in  revenue over a term of 36 months, which includes delivery of the mpro5 mobility solution directly to patients.  This is the first contract Crimson Tide has signed directly with the NCHCD as previously its solutions were delivered via a third party.

 

Patients at home use mpro5 to scan medication they receive from the hospital.  The barcode information is then sent to a central hub for verification of type and date ranges.  Confirmation is then returned to the patient, informing them of the medication validity and safe administration.

 

New functionality now improves this process, – including verification of stock levels and expiry date prompts, thereby providing further information to the patient and assisting in reducing stock wastage.

 

Barrie Whipp, Executive Chairman of Crimson Tide, said: "We are delighted to be able to work directly with the NCHCD in providing patients with hereditary coagulation disorders a solution to manage their use of prescribed pharmaceutical products.  This empowers patients to manage their condition and provides the NCHCD with valuable real time information."

 

For further information:

Crimson Tide plc

 

Barrie Whipp/Steve Goodwin 01892 542 444

 

WH Ireland

James Joyce /James Bavister 020 7220 1666

 

Notes to editors

1.   Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 ‐ Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.

2.   Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world‐class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.

3.   mpro5 is a platform‐agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.

4.   mpro5 not only helps people improve their day‐to‐day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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Neville Registrars is delighted to welcome Boston International Holdings Plc as the newest addtion to its list of client companies.

Boston International Holdings is a special purpose acquisition company listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange, which is seeking to acquire a business operating in the foreign exchange sector.

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

 

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RNS Number : 0768M

WANdisco Plc

10 October 2016

 

10 October 2016

 

WANdisco plc

("WANdisco" or the "Company")

 

WANdisco secures two new record contracts

 

Big Data contract

 

WANdisco (LSE: WAND) a leading provider of enterprise-ready, non-stop software solutions, is pleased to announce it has secured a significant new Big Data contract through a large Oracle reseller.  The end customer is a leading US financial services institution. This contract, secured in conjunction with WANdisco's partnership with Oracle, is the largest so far for WANdisco's Fusion Big Data product and is valued at $1.5 million.

 

The end customer joins a growing list of companies using a combination of WANdisco Fusion and Hadoop for storing and analysing huge amounts of unstructured data running on Oracle's Big Data Appliance ("BDA").

 

 

ALM contract

 

In addition, WANdisco also secured its largest deal in two years for its Subversion MultiSite Plus ALM (application lifecycle management) software with a major global bank headquartered in Europe.  The value of the deal is $775,000.

 

David Richards, WANdisco Chief Executive Officer, comments:

 

"We're delighted to have secured two important contracts both in terms of size and market opportunity that help us towards our targets for this financial year and beyond.  The Big Data contract win is testament to the progress our product is now having across the market.  The end customer is one of Oracle's largest BDA customers and joins a growing list of companies using WANdisco Fusion with Oracle BDA for critical analytics applications that require continuous availability across multiple locations.

 

"Our new business pipeline for cloud solutions continues to grow. We remain focused on delivering our objectives of growing revenues, controlling our cost base, becoming cash flow breakeven and taking the market opportunity that is open to us."

 

 

For further information, please contact:

 

WANdisco plc	via Vigo Communications
David Richards, CEO and Interim Chairman
Vigo Communications	+44 (0)207 830 9700
Jeremy Garcia / Fiona Henson / Antonia Pollock
Investec (Joint Broker and NOMAD)	+44 (0)207 597 4000
Christopher Baird / Dominic Emery
UBS (Joint Broker) Rahul Luthra / Sandip Dhillon	+44 (0)207 567 8000

 

About WANdisco plc

 

WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability. WANdisco's products are differentiated by the company's patented, active data replication technology, serving crucial continuous availability requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

 

This information is provided by RNS

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RNS Number : 0439M

The Mission Marketing Group PLC

10 October 2016

Launch of new Sales Promotion business

The Mission Marketing Group plc ('the missiontm', "the Company", AIM: TMMG), the marketing communications and advertising group, has today announced the launch of Mongoose Promotions, a specialist sales promotion business. Sales promotion is a technique to help Clients better understand the behaviour of their customers and to create and execute campaigns to influence this, whether the aim is to sell more products, encourage the testing of new products or to attract new members.

 

Mongoose Promotions will bring a new source of revenue to the Company and further expands the Client offering of the missiontm. The Board believes that there are many opportunities to provide this capability to Clients across the Group.

 

Mongoose Promotions will be headed up by David Pearson, who recently joined the missiontm and brings with him a wealth of experience, including 15 years at Motivcom where he was responsible for running the sales promotion division and led a team to establish cinema promotions and rewards specialist, Filmology. He has also held the role of Head of Consumer Programmes at Sodexo Benefit and Reward's UK COMEX.

 

David Morgan, Chairman of the missiontm, commented: "We are aiming to build the UK's most respected Agency Group, capable of providing a complete range of marketing communications services to any Client.

 

"We have been building our capabilities through hiring new teams, acquisitions and, more recently, start-up ventures. The launch of Mongoose Promotions is another step on our journey and, through the highly experienced David Pearson, introduces a proven capability that will enable our Clients to match brands with the best, and most appropriate, promotional opportunities."

 

To hear more from David Pearson and watch the Mongoose Promotions launch video, please click on this link:

https://www.brrmedia.co.uk/broadcasts-embed/57f3c9b8b01a762667df77fe/event/?popup=true

 

Enquiries   David Morgan, Chairman   Peter Fitzwilliam, Finance Director   The Mission Marketing Group plc	020 7462 1415
Geoff Nash/James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking)
finnCap Limited	020 7220 0500

 

the missiontm is a network of entrepreneurial marketing communications Agencies employing over 950 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients.  www.themission.co.uk

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RNS Number : 5679L

Powerhouse Energy Group PLC

04 October 2016

 

 

 

 

4 October 2016

 

 

PowerHouse Energy Group plc
("PowerHouse" or the "Company")

PowerHouse Energy publishes new video showcasing G3-UHt unit in operation

 

PowerHouse (AIM: PHE), the company focused on ultra high gasification waste to energy systems is delighted to announce that, further to its announcement of 9 September 2016 of the completion of testing the GH3-UHt testing program, a video detailing the process involved for its G3-UHt System Ultra High Gasification technology is now available online at:

http://www.powerhouseenergy.net/IRM/content/default.aspx#prettyPhoto[iframes]/0/

By using the company's technologies waste material can be turned into cheap synthetic gas which is then consumed by boilers to operate steam turbines to produce electricity. This means zero waste going into landfill and virtually no greenhouse gas emissions.

Keith Allaun, Executive Chairman of PowerHouse Energy commented: "The recent completion of testing of our G3-UHt unit has been a significant milestone for the Company and this video gives a clear demonstration of how it works. The waste-to-energy market is fast evolving, with demand for alternatives to incineration and landfill increasing significantly. By achieving commercial grade ultra-high temperature gasification we are now in a strong position to progress commercial discussions with a number of potential clients".

 

 

For more information, contact:

PowerHouse Energy Group plc Keith Allaun, Executive Chairman	Tel: +44 (0) 203 368 6399
WH Ireland Limited (Nominated Adviser) James Joyce / James Bavister	Tel: +44 (0) 207 220 1666
Vicarage Capital Limited Jeremy Woodgate	Tel: +44 (0) 203 651 2910
IFC Advisory Tim Metcalfe / Graham Herring / Heather Armstrong / Miles Nolan	Tel: +44 (0) 203 053 8671

About PowerHouse

PowerHouse is the holding company of the G3-UHt System Ultra High Gasification waste to energy systems.

The Company's technologies enable energy recovery from municipal waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics to create syngas for power generation, high-quality hydrogen, or potentially reformed into liquid fuels for transportation. These waste to energy systems aim to provide the "best solution" to the on-site energy market.

PowerHouse Energy Group Plc is quoted on the London Stock Exchange's AIM Market. The Company is incorporated in the United Kingdom.

For more information see www.powerhouseenenergy.net

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RNS Number : 4491L

BMR Group PLC

03 October 2016

 

3 October 2016

BMR Group PLC ("BMR" or the "Company")

ISF Slag Laboratory Tests Completed

 

On 1 June 2016, the Company announced that, in co-operation with Kupfermelt Metal Processing CC, its metallurgical partner, a recovery of 77.2% Zn had been achieved from the ISF Slag (ISFS), albeit at a cost of high sulphuric acid consumption. Recognising that this stockpile potentially contains 120,000 tonnes of Zn metal, the Company announced that test work would be continued in order to investigate ways of mitigating the high acid consumption by inter alia modifying the process route and blending it with either Leach Plant Residues (LPR) or Wash Plant Tailings (WPT).

The Board is now pleased to announce that it has successfully completed laboratory scale test work, using a sulphating acid brine leach, on randomly selected LPR/ISFS samples composited in the ratio of 2:1, which approximates to the individual tonnages of the two assets. The laboratory scale test work, whose assay results were verified by an independent accredited laboratory, generated recoveries from the composite of up to circa 85% Zn and 91% Pb at a leach temperature of 80oC, and 75% Zn and 80% Pb at ambient temperatures.

Importantly, the sulphuric acid consumption was more than halved, when compared to the September 2015 tests, to approximately 500kgs/tonne.

The Board is also pleased to report that the sulphating acid brine leach process also recovered approximately 90% of the contained vanadium from the ISFS/LPR composite. The ISFS potentially contains 9000 tonnes of Vanadium (V) which is expected to be recovered in the form of vanadium pentoxide, which has a current aggregate market price in excess of US$15,000 per tonne. 

BMR's metallurgical partner has advised that the proposed Kabwe processing plant can in due course be modified to incorporate a sulphating acid brine leach circuit to process the ISFS/LPR composite.  The Company's strategy remains however to treat first the WPT with the acid brine leach process.

In light of the success of the sulphating acid brine leach tests to recover Zn, Pb and now V, the Company now intends to commission a study to convert the ISFS stockpile into a JORC compliant resource.

Vanadium is also present in the pregnant liquor solution produced by the proposed WPT treatment process. Optimisation test work to ensure the selective recovery of V from the pregnant liquor solution will be completed shortly. The Board has therefore engaged Alfred Knight Laboratories in Kitwe, Zambia to investigate the inclusion of a vanadium recovery circuit in its proposed WPT acid brine treatment facility.

Note: This release has been reviewed by Geoff Casson, B.Sc. (Hons), PhD, R Eng (Zambia), Member Engineering Institute of Zambia (Metallurgy), General Manager of the Company's Zambian subsidiary, Enviro Processing Ltd, who is a Qualified Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies.

 

Alex Borrelli, Chairman, commented: "These results are especially encouraging as they demonstrate the potential for BMR to extract a greater proportion of the in situ materials at Kabwe than previously anticipated for the benefit of our shareholders. We will therefore be commissioning a JORC survey of the ISF slag and will report the results of this survey to shareholders when available."

Ends

For further information:

BMR Group PLC                                                                                 020 7734 7282

Alex Borrelli, CEO and Chairman

 

WH Ireland Limited                                                                           020 7220 1666

NOMAD and Joint Broker

Chris Fielding, Head of Corporate Finance

 

Peterhouse Corporate Finance                                                        020 7469 0930

Joint Broker  

Lucy Williams/ Duncan Vasey/ Heena Karani

 

 

This information is provided by RNS

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