Vela to invest in Tribe Tech; Seraphim NAV down

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

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Civitas Social Housing PLC – Exeter, England-based healthcare real estate investment trust – Skandinaviska Enskilda Banken AB sells entire 10% stake in company on Monday.

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Crossword Cybersecurity PLC – London-based cybersecurity company focused on cyber strategy and risk, supply chain cyber, threat detection and response, and digital identity, working with UK universities – Notes subsidiary Crossword Consulting Ltd enters related-party agreement with consultancy of director. Says agreement worth up to GBP750,000 is with Cumberland House Consulting Ltd, a company connected to Director Robert Coles. Crossword Consulting will provide services to a Cumberland client, the firm says.

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Gunsynd PLC – London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors – Notes investee Omega Oil spuds second well, Canyon 1 in Australia, on May 8. Says well reaches total depth of 4,000 metres.

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Horizonte Minerals PLC – Nickel project developer in Brazil – G10 Capital Ltd sells entire 23% stake in company on May 2, as La Mancha Resource Capital LLP buys 23% stake in Horizonte Minerals the same day.

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RM Infrastructure Income PLC – invests in loans to infrastructure assets – Says continues to deliver on investment objective of providing “attractive” net asset value total returns. Firm says it has “refreshed its investment focus on social & environmental infrastructure, increasing exposures to its core target sectors with approximately 59% of the portfolio’s committed capital currently invested within social & environmental infrastructure.” Declares 1.625 pence per share dividend. RM Infrastructure says will allow broader review of its strategy, superseding a previously announced liquidity opportunity consultation.

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Seraphim Space Investment Trust PLC – space technology investment firm – In the third financial quarter that ended on March 31, reports net asset value per share drop of 1.0% to 91.77 pence from 92.74p as at December 31. Company notes macro-economic headwinds. CEO Mark Boggett says: “The quarter saw the team focused on portfolio activities whilst continuing to build a pipeline offering exposure to the highest calibre SpaceTech companies. Over the quarter, we supported an important emerging portfolio company, QuadSAT, and closed an additional follow-on investment and a new early-stage investment after the period end.”

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Vela Technologies PLC – early stage-focused technology investor – Says will invest GBP250,000 in Tribe Technology Group Ltd, as part of a GBP2.0 million pre-IPO funding round undertaken by Tribe Tech, which offers autonomous reverse circulation. In the year ended June 30, Tribe Tech had reported a post-tax loss of GBP1.7 million.

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By Tom Budszus, Alliance News reporter

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