Forbidden Technologies Makes Appointments; Sibanye Gold Gets Aquarius Platinum Agreement

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FORBIDDEN TECHNOLOGIES PLC (FBT.LN), an online video editing technology group, Tuesday said its chief executive officer, Stephen Streater, will replace retiring chairman, Vic Steel, while marketing and consumer products director, Aziz Musa, becomes chief executive officer.

At 1346 GMT, shares were down 0.6 pence, or 12%, at 4.8 pence.

SIBANYE GOLD LTD. (SGL.JO), a mining company, Tuesday said it has entered into an agreement backed by AQUARIUS PLATINUM LTD.'S (AQPTY) board to buy all of the South Africa-focused platinum producer's shares for $294 million in cash.

Aquarius Platinum shares +3 pence, or 37%, at 11 pence.

MOSMAN OIL & GAS LTD. (MSMN.LN), an oil and gas group, said it is ready to progress with its acquisition of 70% of the South Taranaki Energy Project in New Zealand and that the remaining 30% will be acquired by HIGH PEAK ROYALTIES LTD. (HPR.AU), after the cancellation of the previous agreement with WRDLS Pty Ltd.

Mosman Oil & Gas shares -1.1 pence, or 15%, at 6.4 pence.

OXUS GOLD PLC (OXS.LN), a mining company, said it has entered into a convertible loan note placing agreement with Darwin Strategic Ltd.

Shares -0.4 pence, or 8.3%, at 3.9 pence.

STANLEY GIBBONS GROUP PLC (SGI.LN), a retailer of collectable stamps and coins, said it is unlikely it will meet market forecasts for the full year as a result of weakness in its Asian operations and illiquidity in high value stock items.

Shares -41 pence, or 28%, at 103 pence.

INDEPENDENT RESOURCES PLC (IRG.LN) and NOSTRA TERRA OIL & GAS PLC (NTOG.LN) have agreed to create a joint venture to buy 50% of the oil-producing East Ghazalat concession in Egypt from TransGlobe GOS Inc. for $3.5 million.

Independent Resources shares +0.2 pence, or 27%, at 1 pence. Nostra Terra Oil & Gas shares +0.02 pence, or 21%, at 0.1 pence.

GREGGS PLC (GRG.LN), a bakery retailer, reported a 4.9% rise in own shop like-for-like sales for the 13 weeks to Oct. 3 and said it expects good sales growth for the full year, slightly ahead of previous expectations.

Shares +92 pence, or 8.6%, at 1,168 pence.

TED BAKER PLC (TED.LN), a fashion company, reported a 20% jump in first-half retail sales but said retail sales in August were adversely impacted by a number of external factors.

Shares -93 pence, or 2.8%, at 3,185 pence.

ROBERT WALTERS PLC (RWA.LN), a staffing company, said the outlook for the fourth quarter remains positive after reporting a 6% rise in third-quarter net fee income.

Shares -13 pence, or 3%, at 427 pence.

AVON RUBBER PLC (AVON.LN), a dairy and defense products company, said it anticipates that adjusted operating profit for the year will be significantly ahead of current market expectations.

Shares +30 pence, or 3.1%, at 990 pence.

FTSE Small-Cap +0.1%

AIM +0.1%

Write to Jana Simmons, Rory Gallivan, Alex MacDonald, Razak Baba at [e-mail]

(END) Dow Jones Newswires

October 06, 2015 10:14 ET (14:14 GMT)

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