Proactive news headlines: Genedrive, OPG Power Ventures, Tiziana Life Sciences, One Media IP …

Genedrive PLC (LON:GDR) shares jumped higher on Friday as the firm said its 96 SARS-CoV-2 Kit for detecting coronavirus (COVID-19) infections is now CE-IVD marked and available for commercial sale across the European Union (EU). Now that CE-IVD marking has been achieved, the company can commence commercial sales in the UK and across the EU immediately. The company said it will begin distribution to potential customers for initial clinical evaluations and aims to record first commercial sales in June. The Genedrive 96 SARS-CoV-2 Kit is a new polymerase chain reaction (PCR) diagnostic test designed to detect active infection in coronavirus (COVID-19) patients.

OPG Power Ventures PLC (LON:OPG) shares rose on Friday as the firm revealed that tariffs increased in its financial year ended March 31, 2020, following hikes in October 2018, and power generation ticked-up, though it remained cautious on the coronavirus (COVID-10) lockdown impact in India in the current year. In a trading and coronavirus (COVID-19) update, the developer and operator of power generation plants in India said its total generation (including deemed) was 2.72 billion units, up from the previous years 2.71 billion units figure, with its plant load factor (PLF) flat at 75%. The group said the average tariff in the period was Rs5.67, up 4.8% on the previous years Rs5.41 figure, which reflected a full years impact of tariff increases in October 2018 for captive users.

Tiziana Life Sciences PLC (LON:TILS) (NASDAQ:TLSA) said it is planning to spin out its StemPrintER and SPARE genomics-based personalised medicine businesses as a separate stock market quoted company. This will allow the newly independent group to secure independent funding to accelerate the accelerated development of the StemPrintER genomic test, the group said. It will also ensure the demerged entity can focus solely on the personalised medicines market. Tiziana said its shareholders would benefit from holding shares in both Tiziana, which has a rapidly developing drug portfolio while realising the “standalone value” of StemPrintER operation as it progresses through its own development milestones.

One Media IP Group PLC (LON:OMIP) continues to trade in line with expectations, the group revealed ahead of its annual general meeting (AGM) on Friday. The intellectual property (IP) rights firm focused on the entertainment industry said the positive momentum referred to in its trading statement of May 6 has continued. Claire Blunt, the non-executive chairperson of One Media, is set to remind shareholders at the (virtual) meeting that “One Media is one of the few businesses which has been able to declare a dividend in challenging macro-economic times”. In a separate statement, One Media IP said that at the AGM all of the resolutions were duly passed.

DP Poland PLC (LON:DPP) has confirmed a 13% rise in system sales and more broadly a 16% increase in revenue during 2019, reflecting a business with some advantage when it comes to the reopening of the Polish economy after the coronavirus (COVID-19) lockdown. Some 82% of all delivery sales in 2019 were ordered online, the pizza franchise group added. “Our customers order their pizzas increasingly on our digital platforms, and pay for their orders on that platform too. In Poland we believe we are best in class on this front," Iwona Olbryś, DP Poland chief executive said in a statement.

Metal Tiger PLC (LON:MTR) has announced a new investment, subscribing for £570,000 worth of shares in Trident Resources PLC (LON:TRR) which is currently raising £16mln, with shares priced at 20p each, as it prepares to float on Londons AIM market. Metal Tiger has conditionally subscribed for some 2.85mln shares. Upon completion and listing, Metal Tiger will own some 2.75% of Tridents issued share capital. Trident is a growth-focused, diversified mining royalty and streaming company, aiming to provide investors with exposure to a mix of base and precious metals, bulk materials (excluding thermal coal) and battery metals.

KR1 PLC (LON:KR1) has said it will receive US$243,712 for its stake in digital asset custodian Vo1t after a takeover of the firm by Genesis Trading was approved by the majority of shareholders. The blockchain and crypto investment firm said the consideration will be paid in cash immediately following the closing of the deal, which is expected to take place on Friday. Vo1t was seed-funded by KR1 and served as the companys main digital asset custody solution from its early stages.

Tekcapital PLC (LON:TEK) noted that its investee company, Guident Ltd, has won the Florida Atlantic University (FAU) Tech Runway Annual Tech Launch competition as one of the “most promising start-ups in South Florida”. The IP investment firm said the competition, which included more than 200 contestants, provides start-ups with an opportunity to join a year-long program that offers winners “instruction, mentoring, networking, marketing, and capital-raising assistance, co-working space, events, intern support, and other vital programs”. Guident, which develops technology to enhance the utility, safety and enjoyment of autonomous vehicles and delivery drones, is seeking as its immediate objective to build and operate the first remote monitoring and control centre (RMCC) in Florida for ground-based delivery drones and autonomous vehicles.

Open Orphan PLC (LON:ORPH) said it raised approximately £12mln net of expenses through a placing of 109,549,098 new ordinary shares, an offer for subscription conducted by PrimaryBid of 4,545,454 new ordinary shares and a subscription of a further 727,272 new ordinary shares, all at an issue price of 11p each. The group said the cash injection will allow it to ramp up it's coronavirus (COVID-19) antiviral testing to 3,000 a day; expand its laboratory services to meet demand from vaccine developers, and strengthen the balance sheet. It also wants to “take advantage of the significant and growing opportunities the board believes are available”.

Tissue Regenix PLC (LON:TRX) has raised £14.6mln via a placing of shares at 0.25p each to fund the group's manufacturing capacity expansion programme in the US, which is commencing immediately, and for general working capital purposes. In total, 5.85bn new shares were issued via the placing and share subscription while a further 800mln shares were taken up by retail and other private investors through the platform at the same price, raising an additional £2mln.

accesso Technology Group PLC (LON:ACSO) has raised just shy of £33mln through a share placing and subscription which it said will leave it “well placed” to navigate the crisis caused by the coronavirus (COVID-19) pandemic. The electronic ticketing and queuing specialist raised £32.3mln through the placing of around 11.3mln new shares and £0.6mln through a subscription of 212,414 shares both at a priceRead More – Source

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