Corporate actions led today's financial headlines, with Alphawave IP Group delisting from the London Stock Exchange while Satsuma Technology PLC announced its admission to trading on the LSE's Main Market. Agronomics Limited presented a mixed outlook, writing off a significant investment in Meatable due to its dissolution, but also reporting a successful Series A1 equity round for its portfolio company Liberation Bioindustries, advancing the precision fermentation sector. Elsewhere, Canal+ S.A. resolved a €363 million VAT dispute, Shuka Minerals PLC secured further financing for its Kabwe acquisition, and Artemis Resources Limited confirmed a significant gold discovery at its Titan East project.
Canal+ announced a settlement with French tax authorities regarding a long-standing dispute over the VAT rate applicable to its television subscription services. The company has committed to a total payment of €363 million, with the payment schedule to be defined later. This resolution provides important financial clarity, with Canal+ believing future audits should not result in significant additional adjustments.
Agronomics ANIC, an investment company focused on clean food, announced the dissolution of its portfolio company Meatable and a corresponding write-off of its £11.9 million investment. Meatable's board and shareholders decided to terminate operations after failing to secure continued funding from existing or new investors. This move will impact Agronomics' Net Asset Value, representing approximately 8.10% of its last stated NAV.
Agronomics ANIC reported positive news from its portfolio company, Liberation Bioindustries, which has successfully closed the first tranche of its Series A1 equity round. The company is in the final stages of constructing a commercial-scale precision fermentation biomanufacturing facility with a 600,000-liter capacity. This development underscores significant progress in producing bio-based materials for food and industrial manufacturers, bolstered by recent strategic partnerships.
Shuka Minerals SKA provided an update on the financing of its acquisition of Leopard Exploration and Mining, which includes the Kabwe Zinc Mine in Zambia. The company confirmed it has received further funds from Gathoni Muchai Investments, ensuring it can continue advancing tranches of the acquisition consideration. Shuka Minerals aims to secure a 100% interest in the world-class Kabwe Mine by 31 December 2025.
Artemis Resources ARV announced an updated report on its Titan East Discovery, confirming a significant gold intersection of 19 meters at 1.6 g/t Au. The company is undertaking follow-up diamond drilling to further explore the emerging gold zone. This discovery represents a material development for Artemis Resources, highlighting the potential for expanding its gold resources.
Alphawave IP Group announced the delisting of its shares from the Financial Conduct Authority's Official List and the cancellation of trading on the London Stock Exchange's main market. These actions became effective from 8:00 a.m. today. The delisting follows the sanction of a scheme by the Court, signifying the completion of a major corporate event, likely a takeover.
Satsuma Technology SATS announced that its ordinary shares have been admitted to the Equity Shares (Commercial Companies) category of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. Admission became effective today, 19 December 2025, with the company's shares now publicly tradable. This represents a significant milestone for the technology firm.