SolGold's acquisition by Jiangxi Copper (Hong Kong) has become effective, while Barclays announced the redemption of EUR 1 billion in subordinated notes due 2031 as part of its routine debt management. Rosebank Industries successfully raised £7.7 million via a retail offer to support growth initiatives. In other corporate news, Wizz Air revised its Fiscal Year 2026 net profit guidance downward by approximately €50 million due to Middle East disruption and currency impacts. Separately, Pennpetro Energy anticipates a two-week delay in its 2024/25 audit, aiming for a reduced "disclaimer of opinion," and Chelverton UK Dividend Trust declared a 2.50p interim dividend, consistent with its annual target.
Pennpetro Energy PPP provided an update on its 2024/25 full-year accounts, indicating a delay of one to two weeks in their publication. This extension is attributed to efforts to address legacy issues with recently obtained documents and information. Despite the delay, the company anticipates that the enhanced accounts will carry a reduced 'disclaimer of opinion' from its auditors, aiming for a clearer financial position going forward.
Wizz Air anticipates its net profits for Fiscal Year 2026 will be approximately €50 million lower than its previous guidance. The airline cited ongoing disruption in the Middle East as the primary cause, impacting both the cessation of certain scheduled services and adverse macroeconomic factors. The assessment of these factors, including jet fuel prices and US$/€ exchange rates, assumes current levels will persist for the remainder of the fiscal year. Wizz Air had initially guided for FY26 net profits in the range of +€25 million to -€25 million.
Barclays BARC announced the full redemption of its EUR 1 billion 1.125% Fixed Rate Resetting Subordinated Callable Notes due 2031. The redemption is scheduled for March 22, 2026, with payment occurring on the next business day, March 23, 2026. This strategic financial move will see the notes redeemed at 100 per cent of their principal amount, plus accrued unpaid interest. Following the redemption, the listing of these notes on the Official List of the FCA and their admission to trading on the Main Market of the London Stock Exchange will be cancelled shortly after April 1, 2026.
SolGold SOLG announced that the recommended cash acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited has officially become effective. The acquisition was implemented through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. This follows the High Court of Justice of England and Wales sanctioning the scheme on March 2, 2026. The delivery of the Court Order to the Registrar of Companies today finalized the transaction.
Chelverton UK Dividend Trust SDV declared its third interim dividend of 2.50 pence per share for the fiscal year running from May 1, 2025, to April 30, 2026. Shareholders on the register by March 27, 2026, will receive this dividend on April 17, 2026. The Board reaffirmed its plan to pay four equal core dividend payments, amounting to a total of 10.00 pence per share for the current financial year.
Rosebank Industries ROSE announced the successful conclusion of its retail offer, which generated gross proceeds of approximately £7.7 million. The fundraising was achieved through the issuance of 2,333,226 new ordinary shares at an issue price of £3.30 per share. This capital raise represents a significant financial event for the company, providing funds for its strategic objectives.