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Small Cap Wrap - Draper Esprit, Fusion Antibodies, Hotel Chocolat and more
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Investegate |SIMEC AtlantisEnergy Announcements | SIMEC AtlantisEnergy: Final Results Announcement
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SIMEC Atlantis updates on correspondence regarding major shareholder
The company said it has been informed that the GFG Alliance intends to challenge the validity of the appointment of receivers over all of the shares of its major shareholder, SIMEC UK Energy Holdings Ltd
SIMEC Atlantis Energy Ltd (LON:SAE) has updated investors on correspondence it has received in relation to the purported appointment of receivers over all of the shares of its major shareholder, SIMEC UK Energy Holdings Ltd (SUEH), a GFG Alliance member, which SAE understands, owns approximately 43% of the firm’s share capital.
The company said it has been informed that the GFG Alliance intends to challenge the validity of the appointment and is seeking appropriate advice. For the avoidance of doubt, that company said it wished to make clear that the process related to its major shareholder, SUEH and not to SAE itself.
Oxford Biomedica shares surge after it raises its forecast for COVID-19 vaccine revenues
A look at the major movers on the London market on Tuesday
Oxford Biomedica PLC (LON:OXB) has been boosted by vaccine news.
The company, a key manufacturer of the Oxford/AstraZeneca PLC (LON:AZN) COVID-19 vaccine, has doubled its expectations for revenue from the contract.
The gene and cell therapy group said AstraZeneca had increased the number of batches required for the jab in the second half.
It now estimates its revenues from the vaccine will be £100mln, up from previous forecasts of £50mln.
The company s shares have jumped 128p or 12.77% to 1130p, making it the biggest riser in the FTSE 350.
FTSE 100 virtually flat as Wall Street dips into the red
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