Destiny Pharma (LON: DEST) says that new data on its XF-73 treatment that shows it significantly reduces post-surgical MRSA infections. This was a study of burn cases and XF-73 can reduce the risk of MRSA getting into the bloodstream and cause sepsis. The share price improved 4.17% to 2.5p.
FALLERS
Unsurprisingly, UK Oil and Gas (LON: UKOG) has taken advantage of its soaring share price to raise £1m at 0.05p/share. There is also a retail offer closing on 7 August. The cash will be spent on further development of hydrogen storage products and permit negotiations with potential partners. There was a £500,000 placing at 0.015p/share in July. The share price slumped 26.2% to 0.0635p.
MindFlair (LON: MFAI) is increasing its shareholding in Sure Ventures (LON: SUR). It has subscribed £300,000 at 95p/share, taking the stake to 23.8%. The share price is down 6.38% to 1.1p.
Touchstone Exploration (LON: TXP) is assessing its position concerning its offer of 1.5 shares for each Trinity Exploration and Production (LON: TRIN) share. This follows the target’s board recommending a 68.05p/share cash bid from Trinidad incorporated Lease Operators and withdrawing the recommendation of the Touchstone bid. Touchstone says that it still retains irrevocable acceptances of 38.9% and received a letter of support from Andrew Byles who owns 2.58% of Trinity Exploration. The bid scheme was approved by shareholders. The Touchstone share price is 2.26% lower at 32.5p, while the Trinity Exploration share price declined 8.13% to 56.5p.
Gaming Realms (LON: GMR) has completed its share capital reduction. This will provide additional distributable reserves to enable dividends to be paid. The online gaming company could have more than £20m in the bank by the end of 2025. The share price fell 5.45% to 38.2p, but it is still higher over five days.
Infectious disease testing services provider hVIVO (LON: HVO) is dropping its Euronext Growth quotation on 2 September. This will save cash, the annual fee is based on market value, and time The share price dipped 5.04% to 28.25p.