Small Caps News
Summit Therapeutics raising $50m, plans to delist from AIM
Antibiotic innovation company Summit Therapeutics announced a proposed fundraising of about $50m through a subscription and placing of new ordinary shares and warrants to existing investors on Friday, which would be subject to certain shareholder approvals being obtained and certain customary closing conditions being satisfied.
Tremor International renews partnership with Alphonso
Video advertising technology company Tremor International has renewed its partnership with television data and measurement provider Alphonso, it announced on Friday, to expand its exclusive automatic content recognition solution that enabled brands to reach television audiences more precisely and effectively across video devices.
Secure Property transfers Bulgaria assets to Arcona Property Fund
South eastern Europe-focussed property company Secure Property Development & Investment (SPDI) announced the transfer of all of its Bulgaria ‘Boyana’ assets to Arcona Property Fund on Friday, in exchange for the issue to SPDI of 315,591 new shares in Arcona and 77,201 warrants over shares in Arcona.
St James House warns on working capital as it focuses on cards business
St James House updated the market on its trading and recent developments on Friday, reporting that its payments division has seen orders for prepaid cards exceed 13,000 in November, with 700 delivered and activated as at the end of the month.
Formation puts £10m raised in May into Ireland development sites
Formation Group announced on Friday that it is investing the £10m it raised in May, through its subsidiary Market Equities, into a number of property development sites in Ireland.
Duke Royalty increases dividend again after solid first half
Alternative capital solutions provider Duke Royalty reported a 119% improvement in revenue in its interim results on Friday, to £5. 9m.
Walcom Group warns shareholders on its ongoing viability
Walcom Group updated the market on its working capital position on Friday, saying that under the terms of an existing bank facility, and as it had anticipated, a short-term bank loan of CNY 1m (£0. 11m) is due for repayment by the company in the second week of December.
James Halstead maintains momentum despite tough UK conditions
Commercial flooring company James Halstead continued its “long record” of increased dividend payments on Friday, with its proposed final dividend of 10p being paid.
Kibo Energy makes progress in Botswana reorganisation plans
Africa-focussed energy company Kibo Energy updated the market on its agreement with Shumba Energy on Friday, that it said “significantly repositions” its interests in Botswana - namely the Mabesekwa Coal Independent Power Project (MCIPP) and associated coal asset.
OptiBiotix signs three new distribution agreements
Life sciences business OptiBiotix Health has entered into three new exclusive distribution agreements, it announced on Friday, in a bid to extend the global reach of its ‘SlimBiome’ and ‘GoFigure’ products.
Kore Potash buys two drill rigs for pre-feasibility study
Potash exploration and development company Kore Potash has today completed the purchase of two drill rigs and ancillary equipment from Equity Drilling, it announced on Friday, to be used for its current DX pre-feasibility study drilling campaign.
Ironveld names Martin Eales as CEO
Mining outfit Ironveld tapped Martin Eales to take over as chief executive on Friday, taking over from Dr Peter Cox on 16 December.
Eddie Stobart shareholders back rescue deal
Eddie Stobart shareholders have backed a bailout by private equity firm Douglas Bay Capital (DBay) that will save the logistics business from collapse.
Agronomics loss deepens as costs climb
Agronomics on Friday reported a widened annual loss due to rising operating expenses, though the company said its portfolio showed "considerable promise".
Interim profits slide at Abbey
Housebuilder Abbey saw profits drop in the six months ended 31 October but said second-half sales had been "good" so far.
InfraStrata records maiden revenues
Strategic infrastructure firm InfraStrata will obtain its maiden revenues after being awarded a contract for the docking of two vessels as their owners carry out annual inspections and maintenance.
ReNeuron cuts losses after Fosun licence payment
ReNeuron Group on Friday reported a narrower interim loss after receiving payment from a Chinese licensee, while it also made progress in its clinical and research programmes.
Chamberlin shares surge following 'major' contract wins
Casting and engineering group Chamberlin saw shares skyrocket in early trade after the firm announced the award of two new major contracts.
Providence Resources chief executive steps down
Ireland-based energy company Providence Resources announced on Friday that Tony O’Reilly has stepped down from the position of chief executive officer, and has resigned from the board with immediate effect.