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RNS Number : 3827K

Midatech Pharma PLC

21 September 2016

 

21 September 2016

 

 

Midatech Pharma PLC

("Midatech" or the "Company")

 

Midatech Pharma US Announces Partnership with R-Pharm US to Co-promote Zuplenz® (ondansetron) oral soluble film and Oravig® (miconazole) orally-dissolving buccal tablet

 

~ Partnership provides additional reach and frequency within the oncology market ~

~ Deal broadens Zuplenz and Oravig account call points ~

 

Midatech Pharma (AIM: MTPH; Nasdaq: MTP), the international specialty pharmaceutical company focused on commercialising and developing products in oncology, immunology and other therapeutic areas, today announced that its US subsidiary, Midatech Pharma US, has finalised a co-promotion agreement with R-Pharm US LLC providing additional reach and frequency for the promotion of Zuplenz and Oravig to oncology accounts across the US.

 

Under the terms of the agreement, R-Pharm will promote Zuplenz and Oravig in accounts that are not currently in the Midatech Pharma US call universe as well as provide additional promotion in accounts where Midatech currently markets its oncology supportive care product portfolio.

 

David R. Benharris, President of Midatech Pharma US, said: "We are extremely excited to add a valued partner in R-Pharm, who can provide additional promotional reach into new accounts as well as supplemental frequency to additional call points in our targeted offices. Our products, as with many pharmaceuticals products, are detail sensitive. The partnership with R-Pharm provides an enriched share of voice to further bolster our ongoing commercial efforts for both Zuplenz and Oravig."

 

Mark Pavoa, President and Chief Executive Officer of R-Pharm US, said: "Zuplenz and Oravig are complementary to our oncology franchise, which includes Ixempra®. Cancer patients and treatment teams face many challenges as they battle the disease, and we are proud to represent these two additional potential solutions."

 

Demetrios Kydonieus, President and Chief Business Officer of R-Pharm US, commented: "Adding Zuplenz and Oravig to our existing portfolio allows us to leverage our commercialisation investment and to increase the value we bring to patients and the medical offices we serve."

 

Zuplenz is the only oral soluble film formulation of the 5-HT3 receptor antagonist ondansetron, indicated for the prevention of nausea and vomiting associated with the use of highly and moderately emetogenic cancer chemotherapies, radiotherapy, and in postoperative patients.

 

Oravig is the only once-daily local therapy available for treatment of oral thrush in adults. All other currently marketed, localised therapies for oral thrush require patients to take/administer their treatment a minimum of four times daily.

 

R-Pharm will begin promoting both Oravig and Zuplenz in January of 2017.

 

– ENDS –

 

For more information, please contact:

 

Midatech Pharma PLC

Jim Phillips, CEO

Tel: +44 (0)1235 888300

www.midatechpharma.com

 

Panmure Gordon (UK) Limited (Nominated Adviser and Broker)

Corporate Finance

Freddy Crossley / Atholl Tweedie / Duncan Monteith

Corporate Broking

Tom Salvesen

Tel: +44 (0)20 7886 2500

 

Consilium Strategic Communications (Financial PR)

Mary-Jane Elliott / Ivar Milligan / Matthew Neal / Hendrik Thys

Tel: +44 (0)20 3709 5700

Email: midatech@consilium-comms.com

 

Westwicke Partners (US Investor Relations)

Chris Brinzey

Tel: +1 339 970 2843

Email: chris.brinzey@westwicke.com

 

Notes for Editors

 

About Midatech Pharma PLC

Midatech is an international specialty pharmaceutical company focused on oncology and other therapeutic areas with a commercial platform and four marketed products in the US. Midatech's strategy is to develop products in-house in oncology and with partners in other indications, and to accelerate growth organically and through strategic acquisitions. The Company's R&D activities are supported by two breakthrough drug delivery technologies. The Group, listed on AIM: MTPH and Nasdaq: MTP, employs c.100 staff in four countries. For further company information see: www.midatechpharma.com

 

About R-Pharm US

R-Pharm US is a fully integrated specialty pharmaceutical company focused on the development and commercialization of medicines to treat cancer and chronic immune diseases. For further company information see: www.rpharm-us.com

 

For full prescribing information, including approve indications, potential side effects and other warnings on Ixempra, please visit www.ixempra.com

 

Forward-Looking Statement

Certain statements in this press release may constitute "forward-looking statements" within the meaning of legislation in the United Kingdom and/or United States. Such forward-looking statements include, but are not limited to, statements regarding the ability of Midatech to successfully commercialise any of its products. Any forward-looking statements are based on currently available competitive, financial and economic data together with management's views and assumptions regarding future events and business performance as of the time the statements are made and are subject to risks and uncertainties. We wish to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. For a complete discussion of Risk Factors, please refer to the Company's Form 20-F Annual Report filing to be found at www.midatechpharma.com/investors/financial-reports.html

 

Reference should be made to those documents that Midatech shall file from time to time or announcements that may be made by Midatech in accordance with the London Stock Exchange AIM Rules for Companies ("AIM Rules"), the Disclosure and Transparency Rules ("DTRs") and the rules and regulations promulgated by the US Securities and Exchange Commission, which contains and identifies other important factors that could cause actual results to differ materially from those contained in any projections or forward-looking statements. These forward-looking statements speak only as of the date of this announcement. All subsequent written and oral forward-looking statements by or concerning Midatech are expressly qualified in their entirety by the cautionary statements above. Except as may be required under the AIM Rules or the DTRs or by relevant law in the United Kingdom or the United States, Midatech does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise arising.

This information is provided by RNS

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RNS Number : 0085K

Avanti Communications Group Plc

16 September 2016

 

This announcement contains Inside Information

CONTRACT WIN

ESA Contributes €10.7 Million to Deploy the Avanti ECO Wi-Fi Concept Across Africa

Avanti Communications Group plc ("Avanti"), a leading provider of satellite data communications services in Europe, the Middle East and Africa (EMEA), announces a new contract with the European Space Agency ("ESA") through its ARTES Partner programme. It will provide affordable satellite broadband connectivity to 1,400 community sites across Sub-Saharan Africa over the next two years  using Avanti's new ECO Wi-Fi hotspot initiative, launched today.

ESA will contribute up to €10.7 million in funding that Avanti will use to bring rural communities across Africa online. To deploy the advanced new technology platform, Avanti will partner with Newtec and a group of leading Service Providers, combining satellite, Wi-Fi and solar power , to deliver the programme in the market.

Memorandums of Understanding on ECO have been signed with the South African Ministry of Communications and Sentech in South Africa; Wananchi, Intersat and Imarasat in Kenya; and the Tanzania Education Authority. Many other governments, Service Providers and other Avanti partners have expressed support for the ECO initiative. This includes World Bank International Finance Corporation, Telkom Kenya, Internet Solutions, Safaricom, iWayAfrica, iSat Africa, MainOne, Nynex, TelOne, Quantis, Newtec and Discovery Learning Alliance.

Solar-powered ECO Wi-Fi hotspots will be hosted at schools that will benefit from subsidised Internet access. Consumers and local businesses, within range of the ECO Wi-Fi hotspot, will use the ECO mobile payment app (newly developed by Avanti) to make micropayments for broadband credits which convert to data usage.   

Magali Vaissiere, Director of Telecommunications and Integrated Applications at the European Space Agency (ESA), said: "As part of the ARTES Partner programme, we are excited to support and contribute to the ECO programme as it launches today. By doing so, ESA is investing in European ground infrastructure and fostering the delivery of satellite services in global markets. We look forward to working with Avanti in Sub-Saharan Africa to support better education outcomes and to unlock new business opportunities for both local Service Providers and European industry technology providers. Additionally we are happy  to provide a connectivity platform that   will ensure many long term NGO and Corporate Social Responsibility (CSR) initiatives are sustainable."

David Williams, Chief Executive Officer of Avanti, said: "Through product innovation and a partner strategy we have found an economically viable way to deliver broadband to low income customers in rural Africa. Working with governments and local service providers, and with support from ESA, this first project is a significant step towards creating something that will address a need across the entire continent."
 

For further information please contact:

ESA Media Relations Office, +33 1 53 69 72 99, media@esa.int 

Cenkos Securities (Nomad), Max Hartley,  Nicholas Wells, +44 207 397 8900

Avanti Investor Relations: Matthew Springett, +44 (0)207 749 6703

Montfort: Nick Miles / James Olley, +44 (0)203 770 7909

Redleaf: Hannah Nicolas, +44 (0)207 382 4734

Disclosure requirements of the Takeover Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Notes to Editors:

About Avanti Communications

Avanti connects people wherever they are – in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.

Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.

The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring.

Avanti has a unique Cloud based customer interface that is protected by patented technology.

Avanti Communications is listed in London on AIM (AVN:LSE).

www.avantiplc.com 

 

ECO Wi-Fi hotspot initiative

ECO is a new sustainable digital inclusion initiative focused on providing affordable, superfast satellite broadband to schools and their local communities across Sub-Saharan Africa. ECO is short for Every Child Online. Avanti believes that ECO can deliver digital education to every excluded child in Africa.

CSR and government customers cover the costs of the ECOPOP (Wi-Fi hotspot) and the end user consumer pays bandwidth costs.

Solar-powered ECO Wi-Fi hotspots will be hosted at schools that will benefit from subsidised Internet access. These Wi-Fi hotspots will be connected to the Internet via the HYLAS satellite fleet.

Consumers and local businesses, within range of the ECO Wi-Fi hotspot, will also benefit from connectivity by using the ECO mobile app to make micropayments for broadband usage. More detail on ECO can be found at www.avantiplc.com/eco.

 

About the European Space Agency

The European Space Agency (ESA) provides Europe's gateway to space.

ESA is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe's space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world.

ESA has 22 Member States: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland and the United Kingdom, of whom 20 are Member States of the EU.

ESA has established formal cooperation with seven other Member States of the EU. Canada takes part in some ESA programmes under a Cooperation Agreement.

By coordinating the financial and intellectual resources of its members, ESA can undertake programmes and activities far beyond the scope of any single European country. It is working in particular with the EU on implementing the Galileo and Copernicus programmes.

ESA develops the launchers, spacecraft and ground facilities needed to keep Europe at the forefront of global space activities.

Today, it develops and launches satellites for Earth observation, navigation, telecommunications and astronomy, sends probes to the far reaches of the Solar System and cooperates in the human exploration of space. Learn more about ESA at www.esa.int

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 6181J

EU Supply PLC

13 September 2016

 

13 September 2016

EU Supply plc

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

 

Renewal of agreements

 

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that the Company has renewed its distribution agreement with CTM Solutions BV in the Netherlands for a minimum of 3 years. This agreement originates from 2007 and is on a revenue share basis. As part of the renewal, the Group will also deliver certain services for approximately €75,000.  

 

The Group has also received notice from the Minister for Public Expenditure and Reform in Ireland executing their option to extend the existing agreement between the parties until May 2020.

 

In addition, the Group has received an intention to award for a 3-year agreement (plus the option to extend for 1 year) with existing customer Fællesudbud Sjælland (a consortium comprising over 15 Danish municipalities). The intention to award also includes the option for additional municipalities to use the Group's CTM™ platform. This renewal confirms the Group's strong market position in Denmark.

 

Martin Kilbane, eProcurement Lead, Office of Government Procurement, commented 

"We are pleased with the service received from EU Supply in respect of their platform CTMTM. It has added significant value to public procurement for public sector bodies in Ireland. We now look forward to working with EU Supply for another 3 years to meet Ireland's needs in relation to electronic procurement and to be compliant with the European Union's procurement directives and National legislation."

 

 

 

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

The company news service from the London Stock Exchange

 

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RNS Number : 1944I

Osirium Technologies PLC

26 August 2016

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with a leading global asset management company

 

Osirium Technologies plc (AIM: OSI.L), a UK based cyber-security software provider, is pleased to announce a significant contract win with a leading global asset management company.  The asset manager has over £300 billion of assets under management and offices in c.30 countries.

 

Under the terms of the contract, Osirium will deliver its full product offering of Privileged Account Management, Privileged Task Management and Privileged Session Recorder software modules to 3,000 devices. As part of the contract Osirium will also provide its consultancy services. The contract is expected to deliver a material financial contribution in the current year and will run over a three year term.   

 

David Guyatt, Chief Executive Officer, commented: "We are delighted to sign this major new customer within the financial services sector, which is testament to our position as a trusted and reliable partner to help protect a Company's critical IT assets from cyber-attacks.  This is the largest single contract negotiated in the Group's history and Osirium looks forward to working closely with our new partner to combine cyber security with task automation benefits."  

 

For further information:

Osirium Technologies plc	Tel: 44 (0) 118 324 2444
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Panmure Gordon (UK) Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 7886 2500
Fred Walsh / Peter Steel / James Greenwood/ William Wickham – Corporate Finance Charles Leigh-Pemberton – Corporate Broking
Hollins Communications (Financial PR) Sarah Hollins	Tel: +44 (0) 7764 947137

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").

 

 

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 LoopUp Group plc as the newest addtion to its list of client companies.

LoopUp™ is a Software-as-a-Service (SaaS) conferencing solution for remote enterprise meetings.

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

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RNS Number : 9541H

LoopUp Group PLC

24 August 2016

 

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 

 

24 AUGUST 2016

 

LoopUp Group PLC

("LoopUp" or the "Company")

Admission to Trading on AIM and First Day of Dealings

LoopUp Group PLC,  a global software-as-a-service ("SaaS") provider of remote meetings, is pleased to announce that Admission of its ordinary shares to trading on the AIM market of the London Stock Exchange will take place at 8.00am today, 24 August 2016.  Dealings in the ordinary shares will commence under the ticker LOOP, with ISIN GB00BYQP6S60.

 

Upon Admission, the Company will have a market capitalisation of approximately £40.8m, following a successful Placing with institutional and private investors of LoopUp Group ordinary shares, raising total gross proceeds of £8.5m at a Placing price of 100 pence.

 

The total number of voting rights in the Company with effect from 24 August 2016 will be 40,784,176. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

Panmure Gordon (UK) Limited ("Panmure Gordon") is acting as Nominated Advisor and sole Broker to the Company.

 

Commenting on Admission, Steve Flavell, Co-Chief Executive Officer of LoopUp Group, commented:

"The completion of the IPO process marks an important and exciting milestone on LoopUp's journey as a UK-headquartered and internationally-minded technology company, and provides a significant catalyst for our continued growth. The reception from investors has been positive and encouraging, and reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company. Our focus will continue to be on delivering an exceptional product and service to our customers around the world, supported by the funds we've raised and emboldened by the faith our new shareholders have placed in us. These are exciting times."

 

The Company's AIM Admission Document can be viewed at: http://www.loopup.com/enuk/investors/documents

 

* * * * *

 

 

For further information please contact:

 

LoopUp Group PLC	via FTI Consulting, LLP
Steve Flavell, co-CEO
Michael Hughes, co-CEO
Panmure Gordon (UK) Limited	+44 (0) 207 886 2500
Fred Walsh / Alina Vaskina / William Wickham (Corporate Finance)
Erik Anderson / Amy Sarra (Corporate Broking)
FTI Consulting, LLP	+44 (0) 203 727 1000
Matt Dixon / Chris Lane / Roger Newby

 

Panmure Gordon, which is authorised and regulated by the Financial Conduct Authority, is acting for LoopUp and for no-one else in connection with the Placing and Admission and will not be responsible to anyone other than LoopUp for providing the protections afforded to clients of Panmure Gordon, or for providing advice in relation to the Placing and Admission or any matters referred to this announcement.

 

 

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 SWP Group plc as the newest addtion to its list of client companies.

SWP Group designs, manufactures and installs a range of industrial engineered products and systems, serving international markets in the following sectors:

• Oil, Gas and Petrochemical
• Construction
• Water Utilities

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

 

 

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RNS Number : 8065H

Galileo Resources PLC

22 August 2016

 

 

 

 

For immediate release

 

22 August 2016

Galileo Resources Plc

("Galileo" or "the Company")

 

Study Increases Significantly Concordia Potential Size   

 

 

Galileo (AIM: GLR), the exploration and development mining company, is pleased to announce the completion of an exploration desktop study, (previously announced near completion on 15 June 2016), which has identified and ranked seven high priority additional prospective copper targets within the Concordia Project with the potential of accommodating a significant volume of possible copper mineralised host litholigies. The study was conducted by independent multifaceted South African geological and mining consultant Minxcon Consulting (Pty) Ltd ("Minxcon"): http://www.minxcon.co.za/.

 

Highlights

 

·     An additional twenty seven prospective copper targets identified within the Concordia Project area in addition to the seven regarded as high priority targets 

 

·     The seven high priority targets present potential for shallow, near surface, open pit copper mineralised zones

 

·     The targets including those as high priority for exploration by the Company and Minxcon currently host conceptually 798.55 million host lithology tons, estimated to contain 50% mineralised host at a mean grade 0.57% Cu

 

·     All the targets studied are based on areas of existing documented and/or mapped copper occurrences that have the potential for extensions along strike and/or dip

 

·     Other identified areas are currently under investigation to increase project size potential.

 

·     Definitive Induced Polarisation (IP) geophysics to commence during 3rd quarter 2016

 

Colin Bird Chairman and CEO said "We are delighted with the progress on the Concordia project. The area is huge and our open pit model was never previously investigated in this area.  The targeted conceptual tonnage and copper grade compare very favourably with global projects currently being developed or at an advanced feasibility study stage. Other additional areas within the Concordia concession that fit our model have been identified for further investigation. The Company continues with reiterative analyses of the base data and targets consequently continue to change priority against our internal model criteria. We are highly encouraged with the results so far and the next stage exploration with IP geophysics is planned with a view to closer definition of the mineralised targets before undertaking confirmatory resource definition drilling".

 

Following on previous preliminary modelling, Minxcon conducted a desktop study on some thirty four targets to identify and rank prospective areas. Minxcon sourced additional historical data, conducted an independent re-interpretation of existing data, and identified seven prospective, copper targets within the Concordia Project with the potential of accommodating a significant volume of possible copper mineralised host lithologies. Five of the targets identified, present potential for shallow, near surface, open-pit copper mineralised zones. Minxcon has ranked these high priority targets in the order shown in Table 1 below. The Minxcon and Galileo teams grouped some selected targets based on synergies relating to coherent geological structure, geophysical anomalies and relative locality into the eastern Homeep Trend, the western Shirley Trends and the Henderson area.

 

Table 1 : High Priority Targets Identified During the Minxcon Desktop Study (a)

Project	Strike	Width	Depth	%Cu	Lith Tonnes	Cu Tonnes
	m	m	m	%	Mt	Mt
Homeep	5000	38.8	300	0.58	168.56	0.49
Koeëlkop (incl. Whytes' West)	4000	30.0	300	0.57	104.40	0.29
Henderson	1500	38.8	300	0.58	50.57	0.15
Ring Dyke	2000	38.8	300	0.58	67.43	0.19
Tweefontein	2000	38.8	300	0.58	67.43	0.19
Klondike	2000	25.0	300	0.63	43.50	0.14
Henderson North	1000	38.8	300	0.58	33.71	0.10
Shirley	5000	38.8	300	0.58	168.56	0.49
Horneman	1100	38.8	200	0.58	24.72	0.07
Kliphoog North	1300	38.8	200	0.58	29.22	0.08
Hester Maria	1800	38.8	200	0.58	40.46	0.12
Total					798.55	2.31

(a) Notes (Table 1): Copper tonnes reported equates to approximately 50% of potential host lithology being mineralised (based on current available data)

 

The above desk top study followed on from the previously announced preliminary initial modelling on the four target areas; namely Wheal Julia and Koeëlkop (announced 29 March 2016), Whyte's West (announced 13 April 2016) and Klondike with a new identified prospect Homeep East (announced  10 May 2016). The high level estimates generated previously for these four historically drilled prospects are collated in table 2 below. Of note is the low percentage of the total strike modelled (based on available historical data) against the interpreted true strike.

 

 

 

 

 

 

Table 2: The Results of the Non-Compliant Mineral Resource Estimates Conducted by Minxcon

Prospect	Cut-off Grade	Tonnes	Cu Grade	Cu Content	Metres Modelled	% Strike Modelled
	% Cu	Mt	%	Tonnes	m	%
Koeëlkop*	0.2	10.9	0.35	38,238	1,400	35
	0.35	4.2	0.51	21,205
Wheal Julia	0.2	62.6	0.44	275,459	750	37.5
	0.35	37.7	0.55	207,863
Whyte's West*	0.2	34.6	0.39	135,918	390	9.75
	0.35	15.1	0.54	81,894
Klondike	0.2	2.5	0.57	14,263	700	35
	0.35	2.1	0.63	13,141
Total	0.2	110.6	0.42	463,878	3,240	40.5
	0.35	59.1	0.55	324,103

Notes (Table 2):

*   Combined Strike Modelled  = 44.75% as in portions of the targets in question 

 

Minxcon Disclaimer: "Minxcon has ranked the targets resulting from the desktop study in table 1, based upon its perception of the data available to them at the time of the desktop study. The above tables are subject to change with the progression of exploration activities. The above targets represent areas of documented and/or mapped copper occurrences (based on existing data), or in some cases even historical mines (Henderson (Jubilee Mine), Homeep and Wheal Julia) and have the potential for extensions along strike and/or dip. The figures in the tables presented should in no way be misconstrued to represent compliant Mineral Resource estimates nor to represent the definition of a compliant Exploration Target in terms of the various Reporting Codes, as all tonnages, grades, depths and strikes are highly conceptual in nature at this stage and require the proper exploration practices in order to prove their existence or to convert them eventually to a compliant Mineral Resource."

 

General

 

Galileo has the right to earn-in a 51% beneficial interest in the Concordia copper project, by way of 51% beneficial shareholding in Shirley Hayes IPK (Pty) Ltd ("SHIP") on expenditure of ZAR10million (approximately GBP500 000) over 14 months on exploration and development. SHIP holds the copper prospecting rights to the 36,373-hectare (364 km2) Project Area in the OKiep Copper District in the Namaqualand Complex in the Northern Cape Province of South Africa.

 

Further details are available from the Company's website which details the Company's project portfolio as well as a copy of this announcement: www.galileoresources.com

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

ENDS

You can also follow Galileo on Twitter: @GalileoResource

 

Technical Sign-Off

Andrew Sarosi, Director of Galileo, who holds a B.Sc. Metallurgy  and M.Sc. Engineering, University of Witwatersrand and is a member of the Institute of Materials, Minerals and Mining, is a "qualified person" as defined under the AIM Rules for Companies and a competent person under the reporting standards. The technical parts of this announcement have been prepared under Andrew's supervision and he has approved the release of this announcement.

 

 

 

 

 

For further information, please contact:

 

Galileo Resources PLC Colin Bird, Chairman	Tel +44 (0) 20 7581 4477
Andrew Sarosi, Executive Director	Tel +44 (0) 1752 221937
Beaumont Cornish Limited  – Nomad   Roland Cornish/James  Biddle Beaumont Cornish ted – Nomad Roland Cornish/James Biddle	Tel +44 (0) 20 7628 3396
Beaufort Securities Limited – Broker Jon Belliss	Tel +44 (0) 20 7382 8416

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 3595H

Tracsis PLC

17 August 2016

 

17 August 2016

Tracsis plc

("Tracsis" or the "Group")

 

North American contract win

 

Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, is pleased to announce that it has signed a significant order with a North American Class 1 railroad operator for its Remote Condition Monitoring (RCM) technology, which marks the Group's first major contract in North America.

Under the terms of the agreement, the initial order comprises the outright purchase of RCM hardware units, a software licence for the Group's data aggregation and analysis tool Centrix, and various ancillary products.  The RCM units will be installed in the coming months across multiple geographic locations on the client's network.  The total order value is in excess of $0.4m and is expected to be fulfilled before the end of 2016.

The Directors continue to view the US rail industry as being the largest and most accessible growth market for the Group's RCM technology.  This latest contract win illustrates that Tracsis has the capability and product set to address this large overseas market opportunity, although the specific timing of further sales in new territories remains difficult to predict.

The Group will issue a full year end trading update on Monday 22 August 2016.

John McArthur, Chief Executive Officer, commented: 

"We are delighted to have secured this significant order with a major class 1 operator having clearly demonstrated the business case and benefits of our remote condition monitoring technology. We are hopeful that this contract will lead to a further roll out across the client's network in the fullness of time and also act as a valuable reference case with other US rail customers."

For more information please contact:

John McArthur/Max Cawthra, Tracsis plc	Tel: 0845 125 9162
Dominic Emery/Matt Lewis, Investec Bank plc	Tel: 020 7597 4000
Rebecca Sanders-Hewett / Sarah Fabietti / Sam Modlin Redleaf Communications	Tel: 0207 382 4730 Tracsis@redleafpr.com

The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation 9EU) No. 596/2014.

Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers. 

§ The Company offers the following services:

–  Rail Technology & Services: Software and technology led consulting, and Remote Condition Monitoring: Industry strength software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon, plus Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

–  Traffic & Data Services: Collation, analytical services, and event management within traffic and pedestrian rich environments.

§ Tracsis has a blue chip client base which includes the majority of UK transport operators.  The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, Silverstone, Goodwood, and a variety of large engineering/infrastructure companies.

§ The business drives growth both organically and through acquisition and has made eight acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 2352H

Gresham House PLC

16 August 2016

 

16 August 2016

 

Gresham House plc ("Gresham House" or "the Company")

 

(AIM: GHE)

 

Gresham House Achieves First Close of Strategic Public Equity Fund LP

 

Gresham House, the specialist asset manager, is pleased to announce the first close of the Gresham House Strategic Public Equity Fund LP (the "SPE Fund LP") with commitments, including co-investment contributions, of £24 million.  The Company has committed £1.5 million to co-invest alongside the SPE Fund LP.  As announced by Gresham House Strategic plc ("GHS") today, GHS will be co-investing £7.5m alongside the SPE Fund LP via the transfer of 3,875,969 IMImobile ordinary shares into the co-investment structure at a price of 193.5p. 

 

The SPE Fund LP means that Gresham House Asset Management's ("GHAM") strong performing Strategic Public Equity ("SPE") investment strategy is now accessible to investors who favour limited partnership structures, including private equity fund investors, family offices and ultra-high net worth individuals. The SPE Fund LP will be a sister fund to Gresham House Strategic plc with both vehicles investing and divesting in the same opportunities. GHS and the SPE Fund LP will be managed by the same investment committee and investment team led by Tony Dalwood and Graham Bird.

 

The increased size of the shared SPE mandate will enable the investment team to combine the investment capacity of GHS and the SPE Fund LP to access larger deals of greater unit size.

 

Anthony Dalwood, CEO of Gresham House, said:

 

"Launching a limited partnership vehicle is part of our approach to grow assets under management organically. I am very pleased with the initial investor demand which includes strong support from a pension fund cornerstone investor.  This is a strong endorsement for our Strategic Public Equity strategy. 

 

"The Private Equity approach to smaller quoted companies has generated a pipeline of primary growth capital opportunities alongside secondary and pre-IPO potential investments."

 

 

Enquiries:

 

Gresham House plc Anthony (Tony) Dalwood	020 3837 6270
Liberum Capital Ltd Neil Elliot Jill Li	020 3100 2000
Montfort Communications, PR Adviser Gay Collins Rory King	greshamhouse@montfort.london 0203 770 7906

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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