The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
———-
CleanTech Lithium PLC – Chile-focused lithium explorer – Enters into a settlement and amendment agreement with subsidiaries CleanTech Laguna Verde Spa and Atacama Salt Lakes SpA and the vendors of 23 mining concessions at Laguna Verde, amending the sale and purchase agreement announced in April 2024 under which CLV agreed to acquire the licences. The SAA resolves all historic financial and legal issues between CleanTech and the vendors. Further, it reduces the aggregate cash consideration payable by 60% from USD35 million to USD14 million. Under the amended SPA, cash consideration for the 23 licences has been cut to USD14.0 million from USD35.0 million, with USD2.5 million already paid and USD9.0 million of the remaining balance deferred until specified lithium sales milestones at Laguna Verde are met. The company will also issue 6.6 million new shares in three milestone-linked tranches, each subject to a six-month lock-up.
———-
Aberdeen New India Investment Trust PLC – investor in Indian growth companies – Net asset value per share is 812.3 pence at July 31, or 866.3 pence adjusted. Adjusted NAV per share total return since the assessment period for its conditional tender offer is 24.2%, compared with a total return of 20.4% for the benchmark. The five-year assessment period for the company’s conditional tender offer runs from April 1 2022 to March 31 2027. Performance over the assessment period is measured against the MSCI India Index (sterling adjusted). If over the assessment period the company’s adjusted NAV per share total return fails to equal or exceed the total return of the benchmark, the board will put forward proposals for a tender offer for 25% of the company’s share capital at a price equal to 98% of the prevailing NAV per share, after deduction of implementation costs.
———-
Schroder Real Estate Investment Trust Ltd – active property manager that aims to improve the sustainability performance of buildings to generate higher income and capital growth – Appoints Peter Lowe as fund manager, replacing Nick Montgomery, subject to the completion of the consortium acquisition of Picton Property Income Ltd. Lowe says: “This is an incredibly exciting opportunity to manage what will be, upon completion of the proposed Picton acquisition, a market leading, FTSE 250 sized, diversified REIT. My focus will be to build on the team’s strong track record of outperformance, capturing the significant opportunities that the transformational acquisition presents, whilst enhancing long term risk-adjusted returns to shareholders alongside continuing to materially grow our earnings.”
———-
Galantas Gold Corp – mining and exploration company, focused on producing gold and copper from its assets in Northern Ireland and Chile – Chile’s National Geology and Mining Service approves the amendment related to the operational reactivation of the Ripios Dumps at the Andacollo Gold Project in Chile’s Coquimbo Region. Comments: “Galantas now has all the key regulatory approvals required to resume operations at the Project under the previously approved mine design, waste-disposal configuration, heap-leach facilities, operating parameters and safety conditions. The authorized operating period extends for four years from the commencement of mineral extraction, or until the applicable remaining authorized tonnage or capacity is reached, whichever occurs first.”
———-
R8 Capital Investments PLC – London-based fintech with a bitcoin banking app – Ahead of its annual general meeting on Friday, says the fundraising of £500,000 will now comprise: £353,800 raised via a placing and subscription at 0.117 pence per share and £146,200 raised from convertible loan notes at a conversion price of 0.117 pence. The CLNs will be convertible before the maturity date of 24 months from the date of the CLN instrument. The CLNs will not attract interest and will be unsecured. Additionally, puts forward an amendment to resolution 5 so that it reads: “up to a maximum aggregate nominal amount of £42,735.05 representing, post Sub-division, 302,393,162 fundraising shares and 124,957,265 Ordinary Shares to be issued on conversion of convertible loan notes.” Ruskin Capital Ltd was due to subscribe for £155,000 in the fundraising but now will be replaced by Albany Capital Ltd, a Guernsey company ultimately controlled by David Rowland. Albany Capital agrees to subscribe for £80,000 in consideration for the issue of 68.4 million fundraising shares; and £75,000 in consideration for the issue of £75,000 in principal value of CLNs.
———-
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Source link
