(Alliance News) - 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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Ince Group PLC - law and professional services firm - Says administrator Quantum Advisory Ltd sold its business and assets to Axiom DWFM Ltd. Quantum Advisory was appointed as administrator to Ince, Ince Consulting Holdings Ltd, Ince Gordon Dadds Services Ltd, Ince Gordon Dadds Holdings LLP and Ince Gordon Dadds LLP by the Court in mid-April.

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Seplat Energy PLC -- Says Federal High Court in Abuja, Nigeria strikes out criminal charge against firm. Notes charge was brought by Nigeria Immigration Service but later withdrawn. On Tuesday, Chair Basil Omiyi said he will resign in May and the company added it is looking to "strengthen its governance". This was after the legal action against the immigration status of Chief Executive Officer Roger Brown was withdrawn by the Nigeria Immigration Service a week earlier. The lawsuit had been filed against the company and some of its directors and officers, calling for the withdrawal of Brown's immigration visa.

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Ashoka WhiteOak Emerging Markets Trust PLC - investment trust focused on global emerging markets - Raises GBP30.5 million via initial public offering on London Stock Exchange. Non-Executive Chair Martin Shenfield says: "The investment companies IPO market has been dormant since late 2021 and as such we are pleased to introduce the first listed equities-focused investment trust in almost five years to the premium segment of the main market of the London Stock Exchange. We believe this was only achievable with a world class Investment Adviser in WhiteOak, in addition to AWEM's innovative and shareholder friendly fee structure and differentiated investment approach. The board looks forward to working constructively with the WhiteOak team to deliver returns to our shareholders and materially scaling the company."

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Pearson PLC - London-based education publisher - Says 46% of votes at annual general meeting reject motion backing director remuneration policy. Says it undertook extensive shareholder consultation over last year ahead of policy. Says it will continue to engage actively with shareholders to understand views.

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Panther Metals PLC - Canada and Australia-focused mineral exploration company - Raises AUD3.0 million, or GBP1.6 million, from Australian rights issue in a follow-on placement. Says it will issue 30.4 million shares and 60.8 million options at exercise prices of AUD0.15 and AUD0.20 each respectively. Says new funds to be used for drilling campaigns.

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Semper Fortis Esports PLC - London-based professional e-sports team operator - Raises GBP100,000 from subscription of 100.0 million new shares at a price of 0.1p each. Says it has GBP500,000 in cash and is seeking reverse takeover transaction. Says: "The board believes that the company is an attractive acquisition vehicle and is therefore exploring a number of options to acquire another business."

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Pennpetro Energy PLC - Oil and gas company focusing on production and development in Gonzales County, Texas - Changes financial year end-date to March 31 from December 31 with immediate effect. Says this is to align itself with the annual reporting tax year in the UK, alongside the commencement of production operations in Gonzales County, Texas.

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Fox Marble Holdings PLC - Requests trading of its shares to resume after agreeing GBP30 million acquisition of Eco Buildings Group Ltd via reverse takeover. Shares were suspended in mid-April, pending either the publication of an admission document or until negotiations were terminated. An admission document has now been published. Also raises GBP2.7 million via placing to provide growth finance and working capital for the enlarged group. Fox Marble Chair Andrew Allner says: "We are very pleased to announce the completion of this acquisition which represents a new strategic opportunity for the company and its stakeholders. I would also like to thank the existing Fox shareholders for their patience while this acquisition was carried out to a successful conclusion as well as the staff and advisors for all their hard work. As a board we believe that this enlarged company with its two operating units of Eco Buildings and Fox Marble will benefit all those participating and look forward to announcing further news in the near future."

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Revolution Beauty Group PLC - beauty products retailer - Expects to publish 2022 results sometime in May, noting its audit continues and is now "in its final stages". This is alongside publications of its unaudited interim financial statements for the six month period that ended August 31, to be published shortly after the 2022 results. Says it will continue to work with its nominated adviser towards the suspension of trading in its shares as soon as possible following the publication of the interim financial statements.

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Dolphin Capital Investors Ltd - real estate investment company focused on the residential resorts sector in emerging markets - Enters third loan agreement with its shareholders worth around EUR2.0 million in aggregate. Two of the loans amounting to EUR350,000 have now been advanced to Dolphin Capital, while the other has yet to be funded. Says the loans each have identical terms and are for a 12-month term with a 12% interest rate per year. Says no fees are payable on disbursement or repayment. Says it intends to repay the loans from the proceeds of selling company assets. If the loans have not been repaid within six months of initiations, says collateral in the form of security over certain company assets will be put in place which would exceed the aggregate value of the loans.

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By Greg Rosenvinge, Alliance News reporter

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