UK TRADING UPDATE SUMMARY: Schroder Funds Watch US Ban On China Deals
Mon, 11th Jan 2021 19:41
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Schroder AsiaPacific Fund PLC - investment firm focused on capital growth through investment primarily in equities of companies located in the continent of Asia excluding the Middle East and Japan - Says, alongside, Schroder Asian Total Return Investment Co PLC, will abide by US executive order which prohibits US persons from engaging in any transaction in publicly traded securities in Communist Chinese military companies, which will first become effective on January 11. Schroders, the company s investment manager, as a group complies with US Sanctions and hence will be taking steps to comply with the executive order. The board and investment manager are closely monitoring this matter as it continues to evolve. None of the company s current
18 December 2020
Diamond Creek Phosphate Mine Update & Placing and Subscription to Raise £550,000
Keras Resources plc, the AIM listed mineral resource company, is pleased to announce an update on progress at the Diamond Creek high-grade direct shipping ore ( DSO ), organic phosphate mine in Utah, USA ( Diamond Creek ). The Company is also pleased to report it has raised £440,000 (before expenses) through the placing of 400,000,000 new ordinary shares of 0.1p each ( Ordinary Shares ) at a price of 0.11p per Ordinary Share (the Placing Shares ) (the Placing ).
In addition, Brian Moritz and Dave Reeves, directors of the Company, have conditionally agreed to subscribe for 36,363,636 (£40,000) and 63,636,364 (£70,000) new Ordinary Shares respectively (the Director Subscription Shares ), (the Director Subscription ) on the same terms subject to the passing of resolutions at a general meeting to be held by the Company.