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RNS Number : 2074Q

Driver Group plc

25 February 2016

 

Driver Group plc

("Driver" or the "Group")

 

Contract Win

 

Driver provides disputes, programme & project management and other consulting services to construction, engineering and industrial markets around the world

 

Driver confirms the award of a professional services contract with International Power Consortium South Africa (Pty) Ltd (IPCSA) to deliver specific project advisory and project management services for the new privately owned Saldanha gas-fired power plant. The contract is however subject to the procurement of sufficient funding for the project, the first stage of which is the securing of seed capital for the completion of a bankable feasibility study. This is not yet complete.

 

The project is designed to provide a comprehensive solution to ArcelorMittal Saldanha Steel to sustain its business beyond 2019. IPCSA and ArcelorMittal signed a development agreement in December 2014 in terms of which IPCSA is the project owner.  The power plant will be located in Saldanha Bay, approximately 150km north of Cape Town. The Combined Cycle Gas Turbine (CCGT) power station will have an installed capacity of 1500MW with a potential to increase to 3000MW in future if required. The power plant will supply all of the power requirements for Saldanha Steel up to 250MW, while the additional electricity will be made available to support and sustain existing industry and encourage economic growth in Saldanha Bay, the West Coast District Municipality and the Western Cape Province.

 

Assuming funding is available Driver's services will range from transaction advisory, feasibility, strategic project advice and project management through construction and completion. Securing seed capital for the completion of a bankable feasibility study has already commenced. Initial findings indicate that this study will conclude a positive feasibility for the project's successful execution. The fee for Driver will not be material in the current financial year but subject to funding the benefits will be felt in subsequent financial years.

 

Dave Webster, CEO of Driver, stated "I am delighted that our South African team have been able to secure the appointment of professional services for such a strategic and high profile project. This appointment further strengthens our credentials in the development and project management of large infrastructure schemes."

 

Enquiries:

 

Driver Group plc

Dave Webster, Chief Executive                  Tel +44(0)1706223999

Damien McDonald, Group Finance Director Tel +44(0)1706223999

 

Panmure Gordon (UK) Ltd

Dominic Morley / James Greenwood               Tel +44(0)2078862500

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 6286P

Nanoco Group PLC

19 February 2016

 

For immediate release

19 February 2016

 

RNS REACH

 

 

 

NANOCO GROUP PLC

("Nanoco" or the "Company") 

 

Wins 2016 Prism Award for Innovative Technology

 

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has been selected as the winner of the Materials and Coatings category of the Prism Awards 2016 for its cadmium-free CFQD® quantum dots.

The award was presented at a ceremony held in San Francisco during the SPIE Photonics West Conference, February 13-18.

"It's gratifying to see Nanoco's cadmium-free CFQD® quantum dot technology recognised alongside innovations from other leading companies around the world," said Michael Edelman, Chief Executive Officer of Nanoco.

 

"This prestigious award validates Nanoco's breakthrough in non-toxic, cadmium-free quantum dots as an enabling technology transforming a broad range of applications including display, lighting, biomedicine and solar. As we continue to push the envelope both through innovative technologies and a visionary business strategy, Nanoco is extremely enthusiastic about the new applications we'll be bringing to market in the months and years ahead."

 

Unlike most quantum dot technology in the market today, Nanoco's quantum dots are free of toxic heavy metals such as cadmium, a known carcinogen. As global legislation further restricts the use of heavy metals in consumer products, cadmium-free quantum dots are uniquely positioned as a future-proof technology for a number of promising application areas including a new generation of wide color gamut TVs and improved lighting solutions.

 

The Prism Awards, also referred to as the "Oscars of Photonics", is a leading international competition, presented by SPIE & Photonics Media, celebrating the most innovative photonics solutions in the industry, poised to tackle the biggest challenges of our time. Consisting of nine categories, the Prism Awards applications are judged by a panel of leading industry experts, venture capitalists, luminaries and visionaries, who this year made their selection out of a pool of more than 130 companies.

 

 

For further information, please contact:

 

Nanoco	Tel: +44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
David Blain, Chief Financial Officer Caroline Watson, Investor Relations Manager cwatson@nanocotechnologies.com	Tel: + 44 (0) 7799 897357
Canaccord Genuity – Joint Broker	Tel: +44 (0) 20 7523 8000
Simon Bridges Cameron Duncan
Mark Whitmore
Liberum – Joint Broker	Tel: +44 (0) 20 3100 2000
Neil Patel
Richard Bootle Steven Tredget
Buchanan	Tel: +44 (0) 20 7466 5000
Mark Court / Sophie Cowles / Stephanie Watson

 

 

Notes for editors:

 

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nano-materials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has an exclusive manufacturing and marketing licensing agreement with The Dow Chemical Company.

 

Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.

 

Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.

 

 

About SPIE

SPIE is the international society for optics and photonics, an educational not-for-profit organization founded in 1955 to advance light-based science, engineering, and technology. The Society serves nearly 264,000 constituents from approximately 166 countries, offering conferences and their published proceedings, continuing education, books, journals, and the SPIE Digital Library. In 2015, SPIE provided more than $5.2 million in support of education and outreach programs. www.spie.org

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 2618P

Obtala Resources Limited

17 February 2016

 

17 February 2016

Obtala Resources Limited

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

(AIM: OBT)

 

Investment and Offtake Arrangements

Highlights

·     US$3m investment in the forestry division

·     Investment by three independent, international timber investors

·     Basic Materials Ltd, an investor, have entered into a sales and marketing arrangement for Asia (including Russia) and the Middle East

·     Approx. $1.2m received to date; balance due by 30 June 2016

·     Investment represents material progress for forestry business

Obtala Resources Limited (AIM:OBT), the African focused agricultural and timber company, is pleased to announce that it has entered into separate agreements with three independent, international timber focused investors to secure an investment of approximately US$3m for its forestry division in return for minority equity interests and certain off-take rights over specified forest concessions in Mozambique (the "Transaction").

Investment

The Company has secured a total investment of c.$3 million, of which c.$1.2 million has been received with the balance due by 30 June 2016. The Company plans to invest as follows:

·    Build two kilns on-site to improve timber quality and recovery rates;

·    Develop a new sales and distribution centre in Maputo, the capital of Mozambique, to service new export markets and enhance the domestic sales service;

·    General working capital; and

·    The formation of a Social and Community Development Fund focusing on providing labour, health and education programmes in Mozambique.

The proceeds of the investment will be paid directly to Obtala Resources plc and the Board of the Company will determine the use of proceeds that best develops the business plan.

The Transaction

The forestry business is currently owned by Argento Continental Corporation ("Argento"), a wholly owned subsidiary of the Company's 75% owned subsidiary, Montara Continental Corporation. (Seychelles) ("Montara").  

To effect the investment, 3 Special Purpose Vehicles (or SPVs) are being used namely, i) Meradell Inc ii) Meradell (1) Limited and iii) Meradell (2) Limited. These companies will manage the administration and economic rights of each investor and their respective offtake arrangements. The Company, through its subsidiary Argento, will continue to hold the legal rights and obligations of the concessions. Each investor will enjoy economic rights for a certain amount of hectares commensurate with their investment.

Global Timber Investment Ltd, a company based in Hong Kong, will invest a total of $900,000 with US$600,000 payable on 1 March 2016 and the remaining $300,000 to be paid by 1 June 2016. Global Timber Investment Ltd will receive 15% of the issued share capital of Meradell (1) and the economic rights of up to 3,000 hectares (equivalent to 15% of the total concession area).

George Miller, a private investor based in the US, will invest CAD$1,610,000 immediately. The investor will receive 12.5% of the issued share capital of Meradell (2) Limited and the economic rights of up to 6,250 hectares (equivalent to 12.5% of the total concession area).

Basic Materials Ltd, a company with offices in Hong Kong and Russia, will invest a total of $900,000, with $600,000 payable on 30 April 2016 and the remaining $300,000 to be paid by 30 June 2016.  Basic Materials Ltd will receive 17.5% of the issued share capital of Meradell Inc, and the economic rights of up to 3,500 hectares (equivalent to 17.5% of the total concession area). Furthermore, Basic Materials Ltd have entered into a sales and marketing agreement to supply timber to Asia (including Russia) and the Middle East.

Argento, the wholly owned subsidiary of Montara will be the operating, controlling and balancing shareholder in all the subsidiaries above.

Offtake sales agreement

The Company has entered into binding commercial agreements with regard to timber sold via the offtake arrangements. The Company will supply timber through a new wholly owned Mozambican registered trading company, Meradell Trading to the specific trading entities with each investor.  The price and quantity of timber will be determined according to specification that are required from each sales order.

Meradell Trading will pay each SPV a fixed return of 5% per annum of the aggregate investment payable bi-annually. Also, Meradell Trading will pay 5% of its profits into a fund to support social programmes to benefit local Mozambique communities in which the concessions operate. The formation of a Social and Community Development Fund financed from the timber revenues will focus on providing labour, health and education programmes in Mozambique. This Fund will ensure that we are a socially positive impact company within the host countries and communities in which we operate.

Listing of forestry division

As a result of this Transaction we are reviewing our commitment to listing the forestry business as reported in the RNS on 15 October 2015. We continue to assess and evaluate this strategic option in light of the current transaction but anticipate that this is a longer term objective than initially envisaged.  Our immediate priority is to progress our business plans on both the forestry and agriculture businesses and to ensure that shareholders and stakeholders in the Company are rewarded.

Kevin Milne, Deputy Chairman of Obtala commented today; "This investment allows us to materially progress our forestry business in Mozambique.  It ensures that Obtala retains a strong balance sheet without the requirement to issue equity or relinquish material interests in the forestry business which we value highly.

We now look forward to bringing forward revenues through access to new international export markets that were not previously open to us. More specifically, Basic Materials Ltd, an off taker and investor, which is based in Hong Kong, Shanghai and Russia, affords a route to these valuable markets. Whilst, the creation of the distribution centre in Maputo will provide direct access to local consumers on both a wholesale and retail basis.

Finally, this investment will ensure we can invest in the labour, health and education programmes in Mozambique and ensure we can contribute socially in our host country. We look forward to advising shareholders on the roll out and delivery of the business plan. "

 

Obtala Resources Kevin Milne – Deputy Chairman Simon Rollason – Managing Director www.obtalaresources.com	+44 (0)20 7099 1940
ZAI Corporate Finance Limited (Nomad)                 Ray Zimmerman Richard Morrison	+44 (0)20 7060 2220
Brandon Hill Capital  (Broker)      Jonathan Evans	+44 (0)20 3463 5000

 

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 Heartstone Inns Limited as the newest addtion to its list of client companies.

Heartstone Inns is a group of individual Free Houses, each with their own distinct character in enviable locations across Southern England. The Company has recently been recognised in the London Stock Exchange's 1000 Companies to Inspire Britain report which identifies the fastest-growing and most dynamic small and medium sized businesses in the UK

Further information can be found on the Company's website: http://www.heartstoneinns.co.uk/

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Neville Registrars is delighted to welcome IntegraFin Holdings Limited as the newest addtion to its list of client companies.

The principle activity of IntegraFin Holdings Limited's subsidiaries at present is the provision of "Transact", a wrap service that arranges and executes transactions between clients, their financial advisers and financial product providers including investment managers and stockbrokers.

Further information can be found at: https://www.transact-online.co.uk/

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RNS Number : 4219O

Xeros Technology Group plc

09 February 2016

 

9 February 2016

 

Xeros Technology Group plc

 

Xeros signs $1m deal with New York-based on-demand laundry service provider eLaundry.com

 

Xeros Technology Group plc (AIM: XSG, 'Xeros'), the innovative developer of patented polymer bead systems with multiple identified commercial applications, has signed a contract to provide and service eight of its washing machines to New York City based laundry service provider eLaundry.com, under the Group's integrated purchase and service package, Xeros Sbeadycare®. The agreement is expected to be worth approximately $1 million in revenue to Xeros over the course of the eight year contract.

eLaundry.com operates one of the fastest growing laundries serving Manhattan processing over 3.6 million lbs. of laundry per year. It provides on-demand laundry services to consumers as well as a wide range of commercial customers, including hotels, spas, salons, universities and restaurants.

 

eLaundry.com makes laundry services accessible and affordable by offering free pickup and delivery which can be easily scheduled online or by text message. On-demand services enabled by digital devices are rapidly changing the way in which consumers and businesses manage laundry. The superior cleaning performance of Xeros' energy and water efficient solution enables on-demand providers to add increased quality and sustainability to their customer offering.

 

Mark Nichols, Chief Executive of Xeros, said:

                                                                                                         

 "This is a substantial long term contract and further evidence that customer momentum is continuing to build in our Commercial Laundry business. Our Sbeadycare® service agreements provide customers with the security of long term support and planned preventative maintenance. They also provide us with visibility of forward turnover and contribution.

 

"This deal further demonstrates the growing demand for our innovative cleaning system which provides material reductions in energy, chemistry and water whilst simultaneously improving wash performance and fabric care."  

 

 

Enquiries:

Xeros Technology Group plc                                                                                           Via Instinctif Partners

Mark Nichols, Chief Executive Officer

Chris Hanson, Chief Financial Officer

 

Jefferies International Limited (Nominated Adviser)                                                  Tel: 020 7029 8000

Simon Hardy / Harry Nicholas

 

Instinctif Partners                                                                                                                        Tel: 020 7457 2020

Helen Tarbet / James Gray

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 SeaEnergy PLC as the newest addtion to its list of client companies.

SeaEnergy PLC is an innovation led energy services company, delivering strategic innovation to energy companies around the world. Further information can be found on the Company's website: http://www.seaenergy-plc.com/

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RNS Number : 1865O

Pennant International Group PLC

05 February 2016

 

                                                                                                           

 

 

5 February 2016

 

Pennant International Group plc: New Contract Award valued at up to £2.2million

New landmark contract with leading global aerospace and defence contractor

 

Pennant International Group plc ("Pennant"), the Aim quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce that its wholly owned subsidiary, Pennant Training Systems Limited, has been awarded a new, landmark contract with one of the world's leading  aerospace and defence contractors.

The contract, referred to in the trading update announcement of 11 December 2015 when pre-contract work had begun, has a value of £0.2m. It also includes further options which, if exercised by the customer will increase its aggregate value to in excess of £2.2m over 18 months.

The contract is for the development of training for aircrew and engineering staff.

Pennant's CEO Chris Snook said "This is the second global OEM contractor to be added to Pennant's customer base since September 2015 and is further evidence of Pennant's growing reputation within the global defence industry. We look forward to developing a strong and mutually beneficial relationship."

Pennant expects to announce preliminary results for the year ended 31 December 2015 on 7 March 2016.

 

Enquiries:
Pennant International Group plc	www.pennantplc.co.uk
Phil Walker, CFO	+44 (0) 1452 714 914
Chris Snook, CEO	+44 (0) 1452 714 914
WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe	+44 (0) 117 945 3470
Walbrook PR	www.walbrookpr.com
Paul Vann / Tom Cooper	+44 (0) 117 985 8989 Mob: 07768 807631

 

This information is provided by RNS

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Neville Registrars is delighted to welcome Water Intelligence Plc as the newest addtion to its list of client companies.

Water Intelligence Plc is a leading environmental services and technology company focused on detecting, finding and remediating water leaks. Further information can be found on the Company's website: http://www.waterintelligence.co.uk/

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RNS Number : 5500N

SpaceandPeople PLC

01 February 2016

 

SpaceandPeople plc ("SpaceandPeople")

Contract Win and Trading Update

 

·     New contract signed with British Land

·     Successful roll out of Mobile Promotions Kiosk ("MPK") concept

·     Earnings in line with expectations

·     Proposed dividend up 10% to 2.2p

·     Positive start to 2016

SpaceandPeople, (AIM:SAL) the retail, promotional and brand experience specialist, today announces a new portfolio contract win as well as providing a trading update ahead of its final results for the year ended 31 December 2015, which will be released on 29 March 2016.

New Contract Signed

SpaceandPeople has signed a multi-year contract, which commenced on 1st January 2016, to manage promotional space at British Land's Drake Circus Shopping Centre in Plymouth. SpaceandPeople expects to extend this contract across 40 other assets, covering the majority of British Land's multi-let retail portfolio in due course.

With a high quality vision for their venues, British Land has chosen SpaceandPeople based on the company's track-record in brand experience and outdoor marketing.

Retail assets in the portfolio include Meadowhall, Sheffield; Ealing Broadway, London; Old Market, Hereford; Glasgow Fort, Glasgow; Fort Kinnaird, Edinburgh; Teeside, Stockton-on-Tees; Broughton, Chester; and New Mersey, Speke.

Matthew Bending, SpaceandPeople CEO, said:

"This is a significant win for SpaceandPeople, and will complement our existing business. Our team has a wealth of knowledge and we are looking forward to supporting British Land's vision of 'Places People Prefer' across the UK."

Trading Update

Trading in the second half of 2015 was in line with management expectations. Management expects profit before tax attributable to shareholders for the year to be approximately £1.0 million. Whilst this is slightly below current market expectations, the principal reason for this is due to a timing difference following a decision to recognise an element of promotional revenue that is now derived from Mobile Promotions Kiosks ("MPKs") on the same basis as we recognise revenue from Retail Merchandising Units. This change has resulted in the deferral of £150k of net promotional revenues from 2015 to 2016. The decision to account for revenue in this manner gives management better sight of future revenue and will be the standard accounting treatment applied to this type of revenue going forward.

During 2015 the new MPK concept was rolled out as planned with 46 units operational by the end of the year. A decision was also taken to accelerate our investment in France during the final quarter of 2015, in advance of the Immochan contract start date of 1 January 2016, which is expected to help drive revenue more effectively.

Despite these decisions, basic EPS is expected to be in line with market expectations at 4.3p and as a result, the Board intends to propose a final dividend of 2.2p per share at the forthcoming Annual General Meeting. This is a 10% increase on the 2.0p dividend paid in April 2015.

After the investment of £650k in MPKs during 2015, net cash as at 31 December was £0.75 million plus an additional £400k held in escrow (2014: £1.6 million).

Matthew Bending commented further:

 "2015 has been a transitional year for the business with a major contract being agreed with Network Rail for the first time, the successful launch of our MPK programme and the agreement with Immochan to launch a pilot scheme in France for the first time. The Company continues to progress and with the announcement of a new relationship with British Land we have had a positive start to 2016."

Final results for the year ended 31 December 2015 will be released on 29 March 2016 with the Annual General Meeting being held on 28 April 2016.

 

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Cantor Fitzgerald Europe	020 7894 7000
David Foreman, Will Goode (Corporate Finance)
David Banks, Tessa Sillars (Corporate Broking)

 

About SpaceandPeople

The SpaceandPeople Group is the leading international media specialist representing 750+ venues with a weekly footfall of over 70 million. The Group markets, sells and administers space in high footfall venues, including shopping centres, railway stations, retail parks and city centres. As the media owner of promotional spaces, we offer consumer brands the opportunity to promote their products through direct consumer engagement with experiential marketing events.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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