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Allied Minds PLC (ALML.L)

ALML.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Allied Minds first-half loss widens​
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - Allied Minds Plc ::‍HY REVENUE: $2.0 MILLION (HY16: $1.3M)​.‍HY LOSS FOR PERIOD: $58.2 MILLION (HY16: $52.2M), OF WHICH $44.6 MILLION ATTRIBUTABLE TO ALLIED MINDS (HY16: $41.2M)​.‍NET CASH AND INVESTMENTS* AT 30 JUNE 2017: $177.0 MILLION (FY16: $226.1M), OF WHICH $113.3 MILLION HELD AT PARENT LEVEL (FY16: $136.7M)​.CONFIDENT OF ABILITY TO ACCELERATE PACE OF NEW INVESTMENTS, TO DRIVE MATERIAL PROGRESS AGAINST COMMERCIALISATION GOALS FOR ITS SUBSIDIARIES​.  Full Article

Allied Minds ‍appoints Barry Matsumori as CEO of Bridgesat
Wednesday, 12 Jul 2017 02:00am EDT 

July 12 (Reuters) - Allied Minds Plc ::Says ‍appointment of Barry Matsumori as CEO of Bridgesat, Inc.​.Says ‍appointment effective 17 July 2017​.  Full Article

Allied Minds subsidiary Spin Transfer Technologies appoints Tom Sparkman CEO
Tuesday, 11 Jul 2017 11:35am EDT 

July 11 (Reuters) - Allied Minds Plc ::Says appointment of Tom Sparkman as Chief Executive Officer of Spin Transfer Technologies (STT), succeeding Barry Hoberman, effective July 11.  Full Article

Allied Minds cuts funding for seven subsidiaries in restructuring
Wednesday, 5 Apr 2017 02:13am EDT 

Allied Minds Plc : Will undertake a restructuring, reallocating capital and management resources across portfolio and pipeline . Restructuring will result in discontinued funding for 7 subsidiaries . A process will be undertaken to seek strategic alternatives for these businesses, which could include sales or transfers of legal entities or assets, or liquidations .Discontinuation of funding at these subsidiaries will free up approximately $14 million of capital spend budgeted for 2017.  Full Article

Allied Minds appoints Jill Smith as interim CEO
Monday, 13 Mar 2017 03:00am EDT 

Allied Minds Plc : Says Jill Smith appointed interim CEO of Allied Minds . Says co-founder Chris Silva to step aside . Says changes are effective immediately Source: text for Eikon: [ID:nRSM2139Za] Further company coverage: [ALML.L] (Bangalore.newsroom@thomsonreuters.com).  Full Article

Allied Minds says raises about 64 mln stg via placing
Friday, 2 Dec 2016 02:15am EST 

Allied Minds Plc : A total of 17.45 million new ordinary shares have been placed by Credit Suisse Securities Europe Ltd, Numis Securities Ltd . Placing shares represent approximately 8.1 percent of issued ordinary share capital of Allied Minds prior to placing .Shares were placed at a price of 367 pence per share, raising total gross proceeds of about 64 million pounds or $81 million for company.  Full Article

Innovation backer Allied Minds invested $31.8 mln in its first half
Thursday, 25 Aug 2016 02:00am EDT 

Allied Minds Plc : . Group invested $31.8 million into new and existing subsidiary businesses in six months ended 30 june 2016 .Three subsidiaries raised an additional $99.2 million in funding from third-party investors.  Full Article

Allied Minds PLC raises $33.6 million
Monday, 5 Oct 2015 02:00am EDT 

Allied Minds PLC:Says its subsidiary Precision Biopsy Raises $33.6 Million to Accelerate the Commercial Expansion of its ClariCore Biopsy System.Funds raised will accelerate commercial expansion of Precision Biopsy's ClariCore Biopsy System, designed to provide accurate real-time classification of prostate tissue during biopsy procedures, and its Focal Therapy program.  Full Article

BRIEF-Allied Minds first-half loss widens​

* ‍HY LOSS FOR PERIOD: $58.2 MILLION (HY16: $52.2M), OF WHICH $44.6 MILLION ATTRIBUTABLE TO ALLIED MINDS (HY16: $41.2M)​