TRADE UPDATES: Ondine hails Steriwave data; The name Creightons is changing

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(Alliance News) – The following is a compilation of updates for London-listed companies, issued on Thursday and not reported separately by Alliance News:

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Artisanal Spirits Company PLC – Edinburgh, Scotland-based distiller of single-cask and limited-edition whiskeys – Chairman Mark Hunter will not stand for re-election at its annual general meeting on May 19, due to health reasons. Mark also recuses himself from “all legal business obligations for the foreseeable future”. Deputy Chairman Paul Skipworth will take over as chairman on an interim basis until a successor is chosen. Also, director Gavin Hewitt announces his retirement at the AGM.

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Beowulf Mining PLC – exploring iron ore, graphite, gold and base metals in Sweden, Finland and Kosovo – Receives notice from Alumni Capital Ltd to convert GBP50,000 of the outstanding balance of its unsecured loan notes into 1.0 million ordinary shares.

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Ondine Biomedical Inc – Vancouver-based non-antibiotic treatment developer – Notes patient safety results from the University of Ottawa Heart Institute regarding the integration of Steriwave nasal ablation into surgical procedures. The results of a 24-month control period using the antibiotic mupirocin were compared with an 8-month experimental program including Steriwave. Results show a statistically significant reduction in surgical site infection rates among cardiac surgery patients treated with Steriwave. “This significant reduction has had a significant impact on the Center’s infection rates, improving postoperative recovery and patient outcomes,” said Ondine.

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Wellnex Life Ltd – a Melbourne-based consumer healthcare products company – Extends the deadline to repay USD2.88 million owed to certain former directors to July 21 from April 20. Wellnex agrees to pay the former directors a sum of USD150,000, to be included in the loan principal, in consideration of the extension. The payment date may be extended to August 21 for an additional payment of USD50,000 in total. Interest will increase by 10% “A company is required to make immediate repayments (thus paying less interest) when it receives written off funds from its operating income, including but not limited to the sale of any of the company’s assets or capital raising, which provides the company with sufficient funds to repay the loan,” Wellnex said. Additionally, he announced that former CEO Zack Bozinovski is working as a consultant providing advisory and project-based services.

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Connecting Excellence Group PLC – Leeds-based international recruitment company – Strategic investor Adam Back subscribes to 33.5 million shares at 1.75 pence each, raising a total of GBP585,500. The proceeds will support the expansion of its Bitcoin wealth.

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Powerhouse Energy Group PLC – A Bingley, England-based company focused on converting renewable waste into low-carbon energy – Announces a retail offer in the form of a book-build of up to 125 million ordinary shares at an issue price of 0.2 pence each, to raise up to GBP250,000. Pennpetro also announces a conditional placement to raise GBP400,000 through the issue of 200 million shares to new and existing entities and other investors at the issue price. Both the sale offer and the placement are conditional on the passing of relevant resolutions at the general meeting to be held in May.

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Creightons PLC – Peterborough, an England-based consumer goods and wellness manufacturer – Registers to change its name to Potter & Moore PLC, its original trading name. He says this “better reflects the ownership that many of the group’s customers and all of its retail partners and trade partners already see in the business.” “The board believes that aligning the business name with the group’s core commercial identity will improve brand clarity, strengthen recognition in all key markets, and support more effective engagement with both existing and prospective partners,” he added.

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Mindflair PLC – investor in artificial intelligence technology – Investee company Disseqt AI Ltd is selected by Enterprise Ireland to participate in an acceleration program led by the US company 500 Global. “The program is designed to connect ambitious Irish startups with world-class expertise and insight into the US market, with a special focus on go-to-market strategies, investor readiness and US market validation. The selected companies are currently participating in a four-week virtual phase, after which the founders will travel to Palo Alto next month for two weeks of intensive market validation, including the May 4 reinvestment, including the May reinvestment 4, including 4 pitch show investments and partner events at Intercom and Carta,” said Mindflair.

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By Aidan Lane, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Business News Finance and Instruments Oil and Gas Alternative and Renewable Energy Mines Construction & Materials Medicines Engineering and industry Consumer Goods Support Services Selling Health care Real estate Artisanal Sp.co Company Beowulf Mining PLC The Creightons Ondine Biomed Wellnex Life Powerhouse Ener Mindflair