TRADING UPDATES: Zephyr adds acreage; Hercules funding package
The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Zephyr Energy PLC - Rocky Mountain region-focused oil and gas company - Seals the buy of an additional 27,000 acres in Utah, ‘doubling’ its footprint around the White Sands Unit in the Paradox project. It expands its ‘access to the proven Cane Creek reservoir and the greater Paradox Formation oil and natural gas play’. ‘The acquisition costs of the new acreage were paid from the company’s existing cash resources,’ Zephyr says.
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Character Group PLC - Surrey, England-based toys, games and giftware company - Subsidiary Q-Stat gets notice that Robertsbridge Property Co Ltd is exercising option to purchase freehold and leasehold titles to Infinity House, Character’s warehouse and office complex in Lancashire. ‘The expected profit before tax on disposal net of sale costs is £1.0 million. In the year ended 31 August 2025, Infinity House did not generate any income for the group,’ Character adds.
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BSF Enterprise PLC - London-based biotechnology investment group with focus on fields including lab-grown meat and leather - Lab-Grown Leather Ltd gets ‘extraordinary success’ at the Cannes Lions festival. ‘In collaboration with global creative network VML (a group company of WPP PLC), Lab-Grown Leather Ltd’s pioneering T-Rex Leather campaign was honored with four major awards across highly competitive global categories. The landmark collaboration successfully bridged the gap between advanced biotechnology, enterprise marketing, and luxury branding,’ BSF says.
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Hercules PLC - Cirencester, England-based labour supply company for the UK infrastructure and construction sectors - Gets enhanced funding package with IGF Business Credit Ltd. It includes an increased invoice discounting facility worth up to £20 million and £5 million of term loans. ‘The new three-year ID Facility increases Hercules’ existing funding line by 25%, from £16 million to £20 million, providing substantial additional working capital capacity to support the company’s expanding operations, growing order book and increasing customer demand across the UK infrastructure and construction sectors,’ Hercules says. With the term loan, £4 million ‘will be used to fund the final earn-out payment to the original owners of Advantage NRG Ltd’.
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GreenRoc Strategic Materials PLC - Greenland-focused critical mineral project developer - Draws third tranche of loan funding totalling €2.0 million. The funding is from the Export & Investment Fund of Denmark. It goes towards operational costs related to the Amitsoq graphite deposit and active anode materials pilot plant.
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