Aquis Stock Exchange Weekly Highlights 14/06/24

Incanthera plc appointed John Howes as an Independent Non-Executive Director. The Company believes that Mr Howes brings a wealth of knowledge and institutional relationship experience and contacts, having held previous positions as a Partner with Matrix Corporate Capital and senior positions at Seymour Pierce, Panmure Gordon, Northland Capital and Stanford Capital.

Additionally, Incanthera plc has moved up to the Apex segment of the Aquis Stock Exchange ("AQSE") Growth Market with effect from 10 June 2024. Tim McCarthy said:

"We are delighted to qualify for the top tier of trading on the Aquis Stock Exchange Growth Market... This move to the Apex segment is recognition of the commitment of the team to evolve Incanthera into a commercial player on a global stage with the vast opportunities and publicity that brings... The move to Apex will provide even further visibility for investors, and we welcome the increased emphasis on transparency liquidity and corporate governance which aligns entirely with our own corporate promise”. Read more…

OTAQ plc announced a contract with Bord Iascaigh Mhara, Ireland’s Seafood Development Agency, for two of its Live Plankton Analysis System units to be installed on an initial rental through until the end of 2024. One of these units will be deployed with a global seafood producer which has encountered Harmful Algae Bloom events at its Irish sites in recent years resulting in significant stock losses. Richard Beesley, Chief Commercial Officer at OTAQ, commented: “The Aquaculture industry is increasingly challenged by the threat of Harmful Algal Blooms, which can devastate fish populations and lead to significant financial losses for farms worldwide. While daily monitoring has been the traditional response, it presents notable challenges. Since 2021, we have worked closely with farmers, industry bodies and academia to identify and develop a viable solution to address these challenges”. Read more…

Global Connectivity PLC, a shareholder in leading UK broadband provider Voneus Limited through its investment in Rural Broadband Solutions Holdings Limited ("RBSHL"), announced that on 6 June a further combined capital investment of £18 million was made into Voneus by its shareholders and lenders. RBSHL's stake in Voneus increased to 38% following last April's capital injection. This latest investment in Voneus increases RBSHL's stake to 41% from 38%. Global Connectivity plc owns a 15% stake in RBSHL's common equity. Read more…

Majestic Corporation Plc announced its audited results for the year ended 31 December 2023. Highlights include:

· Revenue increase of 25% to US$29.4m (2022: $23.4m)

· Profit before tax increased 149% to US$1m (2022: US$0.4m)

· Cash generated from operations of US$0.8m (2022: US$2.0m)

· Inventory increased by 81% to US$15.1m (As at 31 December 2022: US$8.4m)

· Expanding its recycling capabilities to two new segments; solar materials and battery materials

Oberon Investments Group Plc published a trading update for the year ended 31 March 2024. The Company expects growth to continue in this financial year (FY25) and is targeting revenue growth of more than 30% on a like for like basis. Simon McGivern, CEO of Oberon Investments Group, commented: "This has been a year of growth for the business in terms of revenue and people. We are delighted to report increased revenue of more than 50% for the financial year and expect this will continue to increase as division hires gain momentum and contribute further to the business”. Read more...