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Proactive news headlines: Genedrive, Open Orphan, Ceres Power Holdings, DeepVerge…


Molecular diagnostics specialist Genedrive PLC (LON:GDR) said it has made the first US shipments of its 96 SARS-CoV-2 Covid PCR kits following the completion of commercial and technical training with sales staff from partner Beckman Coulter.

Open Orphan PLC (LON:ORPH) shares rose on Wednesday as the company said the world’s first coronavirus (COVID-19) characterisation study has received approval from a specially convened Research Ethics Committee (REC) following a contract received by the company’s subsidiary hVIVO from the UK government to develop a COVID-19 human challenge study model.

Evgen Pharma PLC (LON:EVG) said 102 patients have been recruited and randomised as part of the STAR trial for its COVID-19 treatment.

Silence Therapeutics PLC (LON:SLN, NASDAQ:SLN) said it has begun dosing patients with SLN360, a putative treatment for elevated Lipoprotein (a), ‘bad’ cholesterol associated with increased risk of heart disease.

Albion Technology & General VCT PLC (LON:AATG) said it has elected to exercise GBP1.5mln of the GBP3mln over-allotment facility referred to in the Top Up offer prospectus. Accordingly, the maximum amount that the company can raise is increased from GBP14mln to GBP15.5mln (before issue costs).

SkinBioTherapeutics PLC (LON:SBTX) said its AxisBiotix subsidiary has started a food supplement consumer study with more participants than planned.

Ceres Power Holdings PLC (LON:CWR) said revenues in its upcoming results would beat market expectations.

Seneca Global Income & Growth Trust PLC (LON:SIGT) said it will maintain its dividend at the current level at least until April 2022. Following the takeover of its manager Seneca, the company’s name will be changing to Momentum Multi-Asset Value Trust PLC.

DeepVerge PLC (LON:DVRG) said it has signed contractual obligations for the production of water contamination equipment worth around (US$5mln) GBP3.6mln off the back of its acquisition of Modern Water in November.

Supermarket Income REIT PLC (LON:SUPR) has acquired a Sainsbury’s supermarket in Bangor, County Down, for GBP24.8mln – its first deal in Northern Ireland.

Emmerson PLC (LON:EML) told investors it is now assessing a staged development for its Khemisset potash project, in Morocco, with a move that would reduce upfront costs whilst significantly expanding the envisaged life-of-mine production volumes.

Ariana Resources PLC (LON:AAU) has completed what it describes as a transformational joint venture deal in Turkey, with Ozaltin and Proccea Construction.

Mosman Oil and Gas Ltd (LON:MSMN) updated on the recently recompleted Stanley-1 well and the Falcon-1 well in Texas, where weather conditions are impacting operations.

Greencoat UK Wind PLC (LON:WIND) has brought in GBP198mln of new capital, in an oversubscribed placing, as it advances a strong pipeline of acquisition opportunities.

Landore Resources Ltd (LON:LND) confirmed overnight that it has raised GBP3.5mln of cash to complete further drilling at the BAM Gold project in Ontario and undertake further studies.

Oracle Power PLC (LON:ORCP) notified that it has received a notice of exercise in respect of certain pre-existing warrants to subscribe for a total of 6mln new ordinary shares at a price of 0.25p per share. The exercise of these warrants amounts to an aggregate cash subscription of GBP15,000.

Advanced Oncotherapy (LON:AVO) announced that it has received a warrant exercise notice in respect of 500,000 new ordinary shares with an exercise price of 25p per share. Proceeds of GBP125,000 have been received.

Live Company Group PLC (LON:LVCG) said that non-executive director Simon Horgan will step down from the board with immediate effect for personal reasons. The board now consists of David Ciclitira, chair; Serenella Ciclitira, Bryan Lawrie and Ranjit Murugason as non-executive directors, with non-board directors including Sarah Dees as chief operating officer and Richard Collett as chief financial officer.

EQTEC PLC (LON:EQT) announced that at its extraordinary general meeting today, all resolutions put to the meeting were duly passed.

Argo Blockchain PLC (LON:ARB) told investors that it will today publish a notice of general meeting with related explanatory circular and form of proxy. The notice and circular contain resolutions to approve the issuance of new shares, which will be put to shareholders at a general meeting at 10am on 5 March 2021. Due to UK government restrictions, the meeting will be run as a closed meeting and shareholders will need to vote by proxy.

Litigation Capital Management Limited (LON:LIT) said it will announce its interim results for the six months to 31 December 2020 on Tuesday 16 March 2021. A webinar presentation for analysts will take place at 9am on the day. A recording of the event will subsequently be made available on the company’s website.

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