Harbour Energy (HBR) shares ticked up 4.83% to 372.7p after launching $500m offering
This morning, the UK oil and gas company released a statement announcing that it has launched an offering of $500 million five year Rule 144A/Regulation S senior notes.
Harbour Energy highlighted to its shareholders that it intends to use proceeds of the offering to repay in full and cancel its shell junior facility, partially repay drawings under its senior secured reserves-based lending facility as well as for transaction fees and expenses.
Abingdon Health (ABDX) shares soar 46.99% to 61p as new antigen test roll-out is revealed
Shares in Abingdon Health soared following the publication of a report on the weekend which outlined that the Company is to manufacture the KnowNow COVID-19 antigen saliva test.
The new antigen test, which is soon to be rolled out across the UK, is reportedly the first test that can detect ‘active’ COVID-19 from a saliva swab rather than ‘harmless viral fragments’.
The report Vatic Health, a UK-based health company, has signed a supply agreement with Abingdon Health with the objective of rolling out up to 100 million of the tests every year.
Aura Energy (AURA) shares jumped 23.87% to 13.75p as it receives trading halt approval
Today, the Australian based minerals company received approval to have its shares on the ASX halted pending release of an announcement relating to a finalised offtake agreement.
The Company’s pending off-take agreement involves the pre-sale of output from a mine. Aura informed its shareholders that trading of the shares on London’s junior AIM market is unaffected, and that it expects share trading in Australia to resume by Thursday.
Reabold Resources (RBD) shares see relief amid planning rejection rising 18.42% to 0.0225p
Last week, an application made by Rathlin, the operator of the West Newton A site, was refused by ‘a narrow margin’ by The East Riding of Yorkshire Council Planning Committee, despite it being recommended for approval by its planning officers, Reabold reported.
Rathlin is now awaiting the formal decision notice but based on their current understanding of the reasons for refusal are confident that they have a strong basis for a successful appeal.Testing at the A-2 well continues and initial results are expected in the coming weeks.
Frasers Group (FRAS) shares fell 7.66% to 615p while group unveils buyback programme
Today, Fraser announced that it intends to commence a new share buyback programme from today’s date for the period up to and including the date that it releases its half year results. The Company explained that the purpose of the programme is to reduce its share capital.
The Company outlined to investors that the aggregate purchase price of all shares acquired under the programme will be no greater than £70,000,000, while the maximum number of shares that may be purchased under the programme will be 10,000,000 ordinary shares.
Last week, it was revealed that Frasers Group was attempting to seek the approval of a £100m bonus scheme for its incoming CEO, Michael Murray, as well as a cash bonus for its finance director despite the firm having accepted millions of pounds in government support. Last year, Frasers claimed £80m in furlough assistance and £97.5m in business rates.