Small cap round-up
Graphene and nanomaterials commercialisation company Haydale Graphene Industries announced on Monday that its wholly-owned subsidiary Haydale Limited has funded a new professorial chair appointment within Swansea University's Welsh Centre for Printing and Coating.
The AIM-traded firm said the WCPC is one of the world's leading centres for research and development of printing and coating processes.
Professor Tim Claypole MBE, founder and director of WCPC, has been appointed as the Haydale Supported Chair in Advance Manufacture by Printing.
Ideagen, a supplier of information management software, on Monday announced the acquisition of Ocalent Software for a net cash consideration of £3.5m.
The group said the purchase of software company Covalent is in line with its “strategy of acquiring complementary businesses with strong IP and recurring revenues”.
International oil and gas exploration, development and production company Circle Oil announced a temporary reduction in gas production rates in Morocco on Monday.
The AIM-traded company said a recent earth movement near the town of Kenitra in northern Morocco has resulted in the temporary closure of an Office National des Hydrocarbures et des Mines owned-and-operated gas pipeline spur.
Investment company Glenwick’s losses narrowed for the first six months of the year while it restructured its board.
For the six months ended 30 June, the company cut losses to £160,000 from about £5.5m in 2015.
Digital performance marketing services company XLMedia announced on Monday that wholly-owned subsidiary EDM - trading under the brand name DAUUP - has been granted official status as a “Facebook Marketing Partner”, with specialties in advertising technology and gaming.
The AIM-traded firm acquired DAUUP in September 2014, and described it as a leader in mobile user acquisition technology.
Storage company Lok’nStore’s revenues increased due to store expansion.
In a trading update for the year ended 31 July, the company’s revenue grew by 5.2% compared to the same period last year.
Riverstone Energy (REL) will make a $123m gain on the sale of a US oil and gas asset, more than doubling its initial investment.
REL's parent company Riverstone Holdings has agreed the sale of Denver- and Houston-based Rock Oil Holdings to fellow US-based producer and explorer SM Energy Company.
The Quarto Group's wholly-owned subsidiary Quarto Publishing Group USA has bought the publishing assets of becker&mayer from US-based trade publishing company McEvoy Group.
The illustrated book publisher and distribution group will pay a consideration of $9.8m along with a working capital adjustment payment capped at $1m and a further deferred contingent consideration of up to $1.25m.