ADES International Holding Ltd has announced the pricing for its initial public offering of 10,303,030 shares to be $16.50 each.
Shares will be listed and traded on the London Stock Exchange under the symbol 'ADES'. EFG Hermes Holding Company SAE and Citigroup Global Markets Limited are the joint book-runners for the IPO.
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Proceeds from the offering are intended to be used by the company to fund capital expenditures and ventures to enter new markets, including Gulf Cooperation Council countries.
The Parkmead Group plc has agreed to acquire the remaining 50% stake in Licence P.2209 in the UK North Sea from Verus Petroleum (SNS) Limited.
The licence includes the Farne extension prospect and two contiguous blocks, Block 42/19 and Block 42/20b, in the Southern Gas Basin of the UK North Sea.
The licence is currently owned by Parkmead (50%) and Verus Petroleum (50%). Parkmead will hold a 100% stake in the licence upon completion of the deal.
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By GlobalDataThrough the deal, Parkmead will be able to extend its gas assets base in the Southern Gas Basin in the UK North Sea.
2G Robotics and Sonardyne International have agreed to develop and commercialise a dynamic underwater laser mapping solution.
Under the agreement, Sonardyne’s Sprint-Mapper acoustically aided inertial and Doppler underwater navigation system will be integrated with 2G Robotics’ ULS-500 PRO dynamic underwater laser scanner.
The new technique allows the underwater vehicle to obtain high-density point clouds of subsea assets and environments, while reducing the duration of seafloor surveys.
