TRADING UPDATES: Zenith private placement; CyanConnode revised offer
The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Zentra Group PLC - Manchester-based residential developer, development manager and property manager - Torsion Construction Ltd, the principal contractor for the One Victoria, Manchester project, files a notice of intention to appoint administrators. One Victoria is being developed by Zentra Great Ducie Street Ltd with Zentra acting as development manager. Zentra's investment in the developer comprises a 30% equity interest and a £4.1 million loan. "Given the advanced stage of the development and the limited scope of work remaining, the company considers the risk to overall project delivery to be limited. While there may be some short-term disruption to the programme, Zentra now expects practical completion in the last quarter of 2026," Zentra says. The project developer is currently assessing any potential additional costs. Zentra does not expect a material adverse effect on the recoverability of its loan.
----------
Zenith Energy Ltd - energy production and development company with assets in Italy, US and Tunisia - Completes private placement with institutional investors in Norway, raising £2.1 million or NOK27.5 million through the issuance of 50.0 million new shares at a subscription price of NOK0.55, a 0.36% discount to its July 20 closing price on Euronext Growth Oslo.
----------
CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - Updates on negotiations with Esyasoft Holding Ltd, a subsidiary of International Holding Company PJSC. Back in February, Esyasoft made a cash offer valuing CyanConnode at £35 million, or 9.75 pence per share. Esyasoft revised its offer in March, valuing CyanConnode at £37.5 million, or 10.44 pence per share. Esyasoft last week informed CyanConnode of matters arising from due diligence. This includes potential liabilities and the carrying value of certain balance sheet items. As a result, Esyasoft now proposes £36.5 million, or 10.165 pence per share. After consideration, CyanConnode's board says the revised offer is at a level that it would be minded to recommend unanimously the offer to shareholders. Esyasoft has a put-up-or-shut-up date of 17:00 on July 21.
----------
Valereum PLC - Manchester, England-based digital asset infrastructure firm - Enters into an agreement with Blockchain Digital Assets Ltd (Africa), a specialist advisory and digital asset business. "The partnership brings together Valereum's regulated digital asset ecosystem, tokenisation capabilities and payments infrastructure with BDAL's regional expertise and commercial relationships to accelerate the adoption of digital assets in multiple high-growth markets," company says. The joint venture will initially focus on three areas: real world asset tokenisation, digital payments, and TradFi and digital banking infrastructure.
----------
Quantum Helium Ltd - Sydney-based miner targeting helium, hydrogen and hydrocarbons in the US and Australia - Says operations at its Sagebrush Project in Colorado continue to progress as it advances reservoir optimisation and enhances its understanding of the Leadville reservoir. Sagebrush continues to produce oil, helium-bearing gas and water. Says ongoing production activities are focused on optimising long-term performance. Quantum expects to complete the first commercial sale of oil produced from the Sagebrush-1 Leadville formation this month. Says the discovery of commercial oil during helium testing "was unexpected and represents a significant additional value opportunity". Additionally, decides to apply for a secondary quotation on the US OTC Markets. "The proposed secondary quotation reflects the company's continued transition towards commercial helium development in the United States and is expected to broaden access to North American investors while complementing Quantum Helium's existing admission to trading on the AIM market of the London Stock Exchange," company says.
----------
Panther Securities PLC - Hertfordshire, England-based property investor - Appoints of Raphael Rotstein as finance director and executive director with immediate effect. Rotstein is currently company secretary the non-board associate finance director.
----------
Gunsynd PLC - investor in the natural resource sector - Receives multi-element geochemical assay results for the 59 rock samples collected during the Phase 1 Summer field program targeting the Lotus and Betty Shaft areas at its Barb Gold Project in Manitoba, Canada. Highlights include: high-grade gold values of up to 489 grammes per tonne gold accompanied by elevated pathfinder elements, including 0.462% bismuth and 0.254% tellurium; copper values of up to 10.5% returned from a mineralised grab sample assaying 15 g/t gold; and arsenic values of up to 18.1% arsenic, "reinforcing the robust geochemical signature of the Barb gold system." Comments: "The multi-element assays identify a robust Au-As-Bi-Te [with or without] Cu geochemical signature, providing additional vectors for future exploration and drill targeting."
----------
Harvest Minerals Ltd - Perth-based fertiliser producer, which operates primarily in Brazil's Minas Gerais region - Agrees to acquire Scanty Mineracao Ltda, a subsidiary of Union Star Metals Ltd and the portfolio owner of eight highly prospective ionic clay rare earth projects across 27 exploration tenements in Brazil. Will pay AUD200,000 cash and issue 40.0 million new Harvest shares upon completion, followed by an up to AUD300,000 cash payment if development milestones are achieved. Also assumes approximately AUD1.5 million of deferred acquisition payments and associated 1.5% royalty obligations due to the previous vendors. Chair Brian McMaster says the deal "marks the next step in Harvest's expanded critical minerals strategy and provides exposure to multiple high-quality assets." Adds: "Brazil's rare earth sector is attracting strong investor interest due to its potential to deliver large-scale, low-cost ionic clay deposits outside China, supported by favourable geology, established infrastructure, and a growing pipeline of advanced projects. We believe the Scanty tenements provide a strong platform for resource growth and long-term shareholder value creation."
----------
Poolbeg Pharma PLC - London-based biopharmaceutical firm focused on cancer immunotherapy - Receives a notice of allowance for its POLB 001 cancer immunotherapy-induced cytokine release syndrome patent application from the israeli patent office. The patent application covers the use of p38 MAPK inhibitors, including POLB 001, for the prevention of cancer immunotherapy-induced CRS. Poolbeg expecrts the patent to be granted in due course. "As the company advances through clinical development, such IP progress supports the strategic and commercial appeal of the asset to potential partners and reinforces Poolbeg's commitment to building a robust and defensible patent estate around POLB 001," comments. Adds: "This positive update follows the decision to grant the patent application in Europe and formal grants in Australia and Canada, representing further progress in the company's global IP strategy to protect its lead asset, POLB 001, a potentially preventative oral therapy for cancer immunotherapy-induced CRS."
----------
Victoria PLC - Worcester, England-based designer, manufacturer and distributor of flooring products - Confirm that holders representing over 75% of its outstanding EUR166.6 million 3.75% senior secured notes due March 2028 have acceded to the transaction support agreement. Says this meets the necessary threshold to implement it by way of a scheme of arrangement under Part 26 of the Companies Act 2006. Chair Geoff Wilding says: "We are delighted to receive overwhelming support so quickly for the transaction from the 2028 bondholders, which secures a route to implementation. We will complete the refinancing as soon as possible as the company continues to focus on executing operational improvements alongside the cost savings, deleveraging, and extended runway provided by the transaction."
----------
Copyright 2026 Alliance News Ltd. All Rights Reserved.