TRADING UPDATES: NFT investments hit by cyber attack

(Alliance News) – The following is a list of updates from London-listed companies, published on Thursday and not reported separately by Alliance News:

——–

Merit Group PLC – London-based computer technology company – Completes the sale of the business and assets of Le Trombinoscope, a French-language guidebook publication focused on the French political landscape. Says the consideration for the sale is £100,000 and expects it will not have a material impact on the company’s financial results. In the financial year to March 2022, Le Trombinoscope reported sales of GBP300,000. “The sale demonstrates further progress in our group simplification, allowing us to focus on our core businesses,” said chief executive David Beck.

——–

NFT Investments PLC – Investing in non-fungible tokens – Notes that it is currently managing a cybersecurity incident following the discovery of a fraudulent phishing attack from an unknown third-party source on Monday. Says the attack resulted in a loss of $250,000 in company assets, representing less than 1% of NFT’s current net asset value. The company adds that it has seen no evidence that the company’s financial results have been affected. “When NFT became aware of the attack, it immediately executed its incident response plan and will order a third party to investigate the circumstances surrounding the incident. The company is separately investigating additional technical safeguards in its systems and controls to address a similar incident in the future,” the company said.

——–

Resolute Mining Ltd – gold miner in Perth, Africa – receives “globally recognized” certification from the International Organization for Standardization for the following standards: Occupational Health and Environmental Management Systems. The ISO certificates were awarded by Bureau Veritas, an independent third party. CEO Terry Holohan said: “I am very pleased that this component, which is one of our key platforms in support of our group’s strategy to become ‘industry leaders in ESG’ as we recommend in our 2020 annual reports promised by all stakeholders, has been formally certified by the renowned Bureau Veritas – this industry-wide recognition is an important testament to our commitment to our ongoing journey of continuous improvement.”

——–

Lords Group Trading PLC – London-based distributor of building, plumbing, heating and DIY supplies – enters into binding agreements to purchase the property owned by the Heathrow division of the company’s wholly owned subsidiary, George Lines Civils & Landscaping Merchants, from the original seller of George Lines. Close to London Heathrow Airport, the property covers an area of ​​1.5 hectares, including 5,570 square meters of covered storage space. The branch has existed from the site for over 40 years. The maximum consideration for the property is £6.3m payable in cash, with £2.2m already paid.

——–

Parkmead Group PLC – Dutch and UK gas explorer – Terminates drilling activities in the LDS-01 well in the Netherlands, which has encountered gas columns in the primary target horizons. The well has been completed and is now ready to be connected to production, which will follow the completion of the LDS-02 well. Chairman Tom Cross said: “We are pleased to announce a gas discovery from the first well of the LDS two-well drilling campaign. The close proximity to the production infrastructure allows for an extremely short run-in period and we expect to see first gas in the first quarter this year, which will immediately give Parkmead net production and cash flow.”

——–

Tern PLC – Investor focused on the Internet of Things – says that Wyld Networks AB has received a purchase order of approximately SEK 12.6 million, approximately GBP 1 million, for its satellite IoT Wyld Connect module. The order was placed by a company in the Middle East and delivery will begin in April for a period of four years. Tern has a 41% stake in Wyld Networks.

——–

Forward Partners Group PLC – London investment company – invests £1.0 million in Dines. Dines is a hospitality management platform. The company will use the funds to continue its expansion in the UK. “The hotels, restaurants, theatres, pubs and festivals that drive this industry not only deliver experiences that enrich people’s lives, but also contribute hugely to the UK economy. Despite this, they are under severe pressure on the margins and very sensitive to for changes in consumers. To be successful, they need to optimize every aspect of their business – from marketing to bookings, orders to payroll – but solutions are scarce,” says Nic Brisbourne, CEO of Forward Partners.

——–

IMC Exploration Group PLC – Dublin-based exploration company – has agreed with Mineral Ventures Invest Spol SRO to extend the deadline for fulfilling the conditions for the acquisition of the Karaberd mine in Armenia. The date is now October 14, 2023. This is the third extension and is due to local Covid-19-related factors delaying “certain structuring and organizational measures” related to the assets affected by the acquisition.

——–

By Sophie Rose, reporter at Alliance News

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All rights reserved.

Leave a Comment