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Pin to quick picksSynergia Energy Share News (SYN)

Share Price Information for Synergia Energy (SYN)

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Share Price: 0.115
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Vertu chief exec takes a big stake

Wed, 11th May 2011 17:23

Chief executive Robert Forrester has lifted his holding in Vertu Motors close to the 3% mark, spending nearly £140,000 on shares in the company.He took 462,000 shares at 30p a time and now has 6,324,812. His purchase came on the same day Vertu posted a rise in profits for the year to 28 February and said that trading has been in line with expectations.Pre-tax profits climbed to £5.3m from £4.6m the previous year, on revenues that were up to £998.9m from £818.9m. A final dividend of 0.3p a share is to be paid, resulting in a full-year pay-out of 0.5p.Vertu, whose dealerships mostly operate under the Bristol Street and Maclin brands, said the trend towards more fuel-efficient cars had accelerated in line with recent high oil prices."Current trading in March and April has been stronger than anticipated," the company said. "Whilst the new vehicle supply constraints arising from the natural disaster in Japan in March pose a short term uncertainty, in the medium term new vehicle sales are set to rise and start to climb back to pre-recession levels."Forrester is a former managing director at the car dealer Reg Vardy.Elsewhere in director deals, the chairman of set-top box supplier Pace splashed out £20,000 on shares in the group after a collapse in the stock price yesterday. Michael McTighe took 20,000 shares at 96.035p a time and now has 80,000.Shares in Pace were down as much as 40% after it warned on profits for the full year, with the Japanese tsunami among the factors hurting the company.Top Director BuysVertu Motors (VTU) Director name: Mr Robert ForresterAmount purchased: 462,000 @ 30.00p Value: £138,600Paragon Diamonds (PRG) Director name: Mr Francesco (Frank) ScolaroAmount purchased: 250,000 @ 34.50p Value: £86,250Syntopix Group (SYN) Director name: Mr Tom BannatyneAmount purchased: 140,000 @ 48.00p Value: £67,200Eredene Capital (ERE) Director name: Mr Struan RobertsonAmount purchased: 112,000 @ 17.50p Value: £19,600Pace (PIC) Director name: Mr Michael McTigheAmount purchased: 20,000 @ 96.03p Value: £19,206Bunzl (BNZL) Director name: Mr Peter JohnsonAmount purchased: 1,408 @ 751.94p Value: £10,587Top Director SellsAbcam (ABC) Director name: Mr Jeffrey IliffeAmount sold: 200,000 @ 393.00p Value: £786,000Discovery Metals Ltd. (CDI) (DME) Director name: Mr John Thomas ShawAmount sold: 500,000 @ 83.54p Value: £417,700---RG
More News
12 Jun 2024 19:06

IN BRIEF: Synergia Energy secures more funding from Indian government

Synergia Energy Ltd - West Perth, Australia-based oil and gas company - Agrees to a further short-term loan with Indian Government while it awaits the sale of 50% of its Cambay production sharing contract to Selan Exploration Technology Ltd. Synergia will receive USD2.5 million from Selan pending expected government approval. Also obtains further funding of GBP400,000 from investors in order to minimise equity dilution. Loan funding to be repaid following Cambay sale.

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28 May 2024 20:20

IN BRIEF: Synergia starts farm out process of UK carbon storage centre

Synergia Energy Ltd - Oil and Gas exploration company headquartered in West Perth - Announces on Tuesday that it has begun a farm out process of its interest at the UK Medway Hub Camelot CCS project. Synergia and partner Wintershall Dea AG each own 50% of the Camelot carbon storage centre in the Southern North Sea. The centre is projected to store between 70 and 100 million tonnes of CO2. Synergia is offering up to 50% of its stake to interested parties.

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8 May 2024 21:42

TRADING UPDATES: Home REIT cuts borrowings, Genflow shares restored

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

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2 Apr 2024 15:19

TRADING UPDATES: MaxCyte inks deal with Be Bio; Orcadian firms farmout

(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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14 Mar 2024 17:25

EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV

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

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11 Mar 2024 14:15

IN BRIEF: Synergia converts loan notes; confirms no equity finance

Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Provides an update on March 9 maturity date of 6,500 convertible loan notes issued a year ago. The company says that this week it will repay in cash GBP386,451 including interest in respect of 5,430 notes and has agreed to repay GBP188,688 in cash including interest on or around September 30 in respect of 1,750 notes. It says that in total it will issue 140.5 million new shares for the conversion of the CLN. As announced in February, Synergia has a farm-out agreement with Selan Exploration Technology Ltd to transfer 50% of the Cambay PSC to Selan and awaits Government of India approval for the transfer, which will trigger the payment of USD2.5 million to the company.

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14 Feb 2024 19:56

IN BRIEF: Synergia Energy agrees farm-out deal for Cambay Field

Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Announces the successful conclusion of negotiations with Selan Exploration Technology Ltd and execution of a farm-out agreement regarding the Cambay Field production sharing contract. Agrees to farm out 50% of the 100% interest held by Synergia in the Cambay PSC to Selan. In exchange for the 50% interest, Synergia will be carried by Selan through an agreed USD20 million work programme comprising three new wells focussed on the Eocene reservoir and three well work-overs. Synergia receives a cash payment of USD2.5 million immediately, proposes to apply the proceeds towards working capital purposes. Synergia retains a 50% interest in the Cambay PSC and a 50% share of the future production and revenues. This includes bonuses of up to USD9 million, linked to future cumulative gas sales thresholds.

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8 Feb 2024 16:04

UK shareholder meetings calendar - next 7 days

Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
Wednesday 14 February 
GCP Infrastructure Investments LtdAGM
Gfinity PLCGM re annual report
Tertiary Minerals PLCAGM
Tritax EuroBox PLCAGM
Thursday 15 February 
JPMorgan Asia Growth & Income PLCAGM
Synergia Energy LtdGM re share placing
VVV Resources LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 Jan 2024 18:15

TRADING UPDATES: Creo unveils product in APAC; Unilever hires director

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

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31 Jan 2024 16:13

Synergia reports progress on Cambay farm-out process

(Sharecast News) - Synergia Energy updated the market on the progress of the Cambay PSC farm-out process on Wednesday, reporting that it was currently engaged in meetings in India with a prospective partner.

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22 Jan 2024 10:38

Synergia Energy shares up on "ambitious" work programme with partner

(Alliance News) - Synergia Energy Ltd shares rose on Monday, after it said it has agreed an "ambitious" work programme connected to the Cambay PSC farm-out.

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18 Dec 2023 10:35

Synergia pens head of terms deal for Cambay field farm-out project

(Alliance News) - Synergia Energy Ltd Monday said it had agreed a head-of-terms deal for its farm-out agreement in the Cambay Field.

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5 Dec 2023 13:01

Synergia raises GBP1 million as sizes up Cambay farm-out agreement

(Alliance News) - Synergia Energy Ltd on Tuesday said it has arranged a GBP1.1 million equity raise and added that it reached a deal "in principle" for a farm-out at the Cambay field.

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8 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Nov 2023 14:04

Synergia reports progress on Cambay well lift operations

(Sharecast News) - Synergia Energy updated the market on the progress of its artificial lift operations at the Cambay C-77H well on Friday.

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