Top 5 Most Read RNS's on Vox Markets for Thursday 23rd March 2023

Episode 1291,   Mar 23, 08:04 AM

Top 5 Most Read RNS's on Vox Markets for Thursday 23rd March 2023

5. 88 Energy Limited #88E - Hickory-1 Surface Hole Completed

88 Energy report that the Hickory-1 surface hole was successfully drilled to 3,570 feet, the surface casing installed and cemented and the Blow Out Preventer (BOP) system tested successfully.

The Company anticipates the primary and secondary target zones to be intersected within the next two weeks, before determining whether to drill ahead to the tertiary target and reaching permitted Total Depth (TD) of approximately 12,500 feet.

4. hVIVO #HVO - Exercise of Options

hVIVO confirms that it has issued 7,716,964 shares, pursuant to the exercise of share options by a former employee of the Company. It is expected that the admission of the Ordinary Shares will occur on 28 March 2023.

3. Amigo Holdings #AMGO - Scheme of Arrangement Update

It is announcing today that it has taken the very difficult decision to switch the Scheme from the Preferred to the Fallback Solution.

The Fallback Solution requires that the trading subsidiary, Amigo Loans Ltd ("ALL") stops lending with immediate effect and is placed into an orderly wind-down, with the result that all surplus assets after the wind-down are transferred to the Scheme creditors. In due course, ALL will be liquidated. No value will be attributed to the ordinary shares of the Company in the Fallback Solution.

2. Kodal Minerals #KOD - Director dealings and shareholdings

Kodal Minerals announces that it has been informed that on 21 March 2023 and 22 March 2023, Steven Zaninovich, Operations Director of the Company, and Charles Joseland, Non-Executive Director of the Company, have respectively sold 30,000,000 and 5,000,000 shares in the Company in order to satisfy the cost and tax liabilities arising from the exercise of options and warrants, as announced by the Company on 20 March 2023.

The Directors do not anticipate making any further sales in the immediate future pursuant to the options and warrants exercised on 20 March 2023.

1. Audioboom Group #BOOM - Final Results

2022 revenue of approximately US$74.9 million, up 24% on 2021 (US$60.3 million)

Annual adjusted EBITDA profit of approximately US$3.6 million, up 15% on 2021 (US$3.1 million)

Audioboom's revenue growth of 24% continues to significantly outpace wider market growth of 15%.