3 Companies Rising on Good News for Thursday 6th April 2023
Episode 1319, Apr 06, 2023, 11:07 AM
1. Xpediator #XPD - Cogels Investments - Recommended Cash Offer for Xpediator PLC #XPD
The boards of Bidco and Xpediator are pleased to announce that they have reached agreement on the terms of a recommended cash offer by Bidco, a newly-incorporated entity to be indirectly owned by the Consortium, to acquire the entire issued and to be issued ordinary share capital of Xpediator.
Under the terms of the Offer, each Scheme Shareholder will be entitled to 42 pence in cash and a special dividend of 2 pence.
2. Block Energy #BLOE - Corporate Update
Block Energy announce that it is terminating the Salary Sacrifice scheme as of 1st April 2023. The decision is based on the Company's improved financial position.
Well WR-B01Za continues to produce naturally at an average rate of 274 boepd (247 bopd oil & 4,700 m3/d gas) without the need for artificial lift.
The well result, combined with our continuing improved understanding of the reservoir gained by the calibration of our detailed geophysical studies, provides great confidence that further horizontal wells into the West Rustavi/Krtsanisi Middle Eocene reservoir will be successful and Project 1 achieved.
3. THG PLC #THG - THG Ingenuity announces a strategic partnership
THG PLC announces a new partnership with beauty e-commerce retailer Maximo Group ("Maximo"), home to destination sites including allbeauty.com and fragrancedirect.co.uk.
The 10-year partnership will initially focus on re-platforming All Beauty and Fragrance Direct to the Ingenuity platform, as part of Maximo's strategic growth plans.
The partnership between THG Ingenuity and Maximo Group is expected to add in excess of £150 million GMV to the Ingenuity platform annually, with the ambition to re-platform the site by the end of Q2 2023.
The boards of Bidco and Xpediator are pleased to announce that they have reached agreement on the terms of a recommended cash offer by Bidco, a newly-incorporated entity to be indirectly owned by the Consortium, to acquire the entire issued and to be issued ordinary share capital of Xpediator.
Under the terms of the Offer, each Scheme Shareholder will be entitled to 42 pence in cash and a special dividend of 2 pence.
2. Block Energy #BLOE - Corporate Update
Block Energy announce that it is terminating the Salary Sacrifice scheme as of 1st April 2023. The decision is based on the Company's improved financial position.
Well WR-B01Za continues to produce naturally at an average rate of 274 boepd (247 bopd oil & 4,700 m3/d gas) without the need for artificial lift.
The well result, combined with our continuing improved understanding of the reservoir gained by the calibration of our detailed geophysical studies, provides great confidence that further horizontal wells into the West Rustavi/Krtsanisi Middle Eocene reservoir will be successful and Project 1 achieved.
3. THG PLC #THG - THG Ingenuity announces a strategic partnership
THG PLC announces a new partnership with beauty e-commerce retailer Maximo Group ("Maximo"), home to destination sites including allbeauty.com and fragrancedirect.co.uk.
The 10-year partnership will initially focus on re-platforming All Beauty and Fragrance Direct to the Ingenuity platform, as part of Maximo's strategic growth plans.
The partnership between THG Ingenuity and Maximo Group is expected to add in excess of £150 million GMV to the Ingenuity platform annually, with the ambition to re-platform the site by the end of Q2 2023.