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2023-11-10

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Aquis Stock Exchange Weekly Highlights 10/11/23

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November 10, 2023

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Psych Capital Plc announced the completion of its acquisition of life science company Shortwave Pharma Inc. ("Shortwave Pharma"). The company says Shortwave Pharma is developing breakthrough therapies to address unmet medical needs in mental health, particularly in the field of eating disorders. Specifically, Shortwave Pharma is developing a transformative clinical solution for anorexia nervosa, the most fatal eating disorder, and a complex and often underserved area of healthcare. The Company says they have developed a novel delivery method and drug combination with an expanded mechanism of action specifically designed to address the requirements of this vulnerable population. William Potts, Chief Investment Officer of Psych Capital Plc, commented "Shortwave Pharma has the potential to positively impact millions of patients all over the world who have very serious unmet needs and we're thrilled to start a very exciting journey together."
Ananda Developments plc announced that its wholly owned subsidiary MRX Medical Limited (MRX) has filed a fifth patent application with the UK Government's Intellectual Property Office. The application covers a new cannabinoid formulation known as MRX2T. This formulation is based on MRX's patent pending MRX2 cannabidiol formulation, with the addition of tetrahydrocannabinol (THC). This formulation has been developed for use in Randomised Controlled Trials (RCTs) and the Company says it looks forward to updating shareholders in due course. Ananda's CEO, Melissa Sturgess, commented: "We are building Ananda's intellectual property with the application for a fifth patent covering an oil formulation containing THC as well as CBD. We are hopeful this oil will be used in randomised controlled trials and look forward to bringing shareholders an update on this as soon as possible." Read more…
Ananda Developments also announced that Melissa Sturgess will provide a live presentation update on Ananda via Investor Meet Company on Tuesday 14th November at 9:00am GMT. Investors can register for free here.
Field Systems Designs Holdings plc and its subsidiaries (FSD) announced results for the year ended 31 May 2023. The Group achieved a turnover of £13.8 million for the year to 31 May 2023, an improvement of 70% on last year. The Group made a gross profit of £1,307,256 compared to a gross loss last year of (£1,392,490). Overall, improved operating conditions left the Group with operating profits for the year of £258,037 (2022: loss (£1,905,277)). The consolidated results show a group profit after tax of £353,073 (2022: (£1,818,860)).
Black Sea Property PLC provided an update on the acquisition of Grand Hotel Varna.
Highlights
• Completion of the acquisition of Grand Hotel Varna, including three hotels and a beach marina resort on the Black Sea coast.
• EUR 21.1 million fundraising, with EUR 10.8 million raised through a placing of new ordinary shares (the "Placing") at a price of EUR 0.016 per share (the "Placing Price") and through the issuance of EUR 10.8 million of unsecured loan notes ("Loan Notes");
• Placing Price equivalent to the Company's last stated NAV per share;
• Acquisition of a majority stake in Littoral Invest EAD, which holds a portfolio of assets, also in Varna.
• Total of EUR 33.1 million raised from new and existing investors since July 2023.
Vinanz Limited announced that it has raised £350,000 (gross) at 3.0 pence per share, representing a premium of 4.35% to the closing mid-price of 2.875 pence per share on 8 November 2023, and will be used primarily to acquire 250 additional bitcoin miners which will approximately triple the Company's current Bitcoin mining fleet in North America. Vinanz is working with its preferred miner suppliers in North America to install and have these new units operational before the end of 2023.
Daniel Thwaites PLC announced interim results for the six months ended 30 September 2023. In the chairman’s statement, Richard Bailey, commented ‘The Company has turned in a solid performance over the last six months, a period in which we have continued to operate in volatile markets with large swings in our costs, particularly utility costs, increasing interest rates, embedded inflation and pressure on people’s discretionary spend.’ The chairman also highlighted turnover for the half year was £60.3m, which is a 4% increase compared to turnover last year of £57.9m.
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