Small Caps
Caledonian Trust confirms delays to sale of St Margaret's House
Edinburgh-based property investment and development company Caledonian Trust updated the market further on the proposed sale of St Margaret's House on London Road in Edinburgh to Drum Property Group on Friday.
Remote Monitored Systems agrees potential acquisition of unnamed firm
Remote Monitored Systems has entered into an exclusivity arrangement, it announced on Friday, and agreed to outline non-binding heads of terms for the potential acquisition of an unnamed company operating in the medical technology and biosecurity sectors.
Aseana agrees to sell last two plots in Kota Kinabalu
Vietnam and Malaysia-focussed property developer Aseana Properties has entered into two sale and purchase agreements, it announced on Friday, to sell its remaining two plots of land in Kota Kinabalu, Malaysian Borneo.
Verona Pharma shares skyrocket after $200m fundraise
Respiratory-focussed clinical-stage biopharmaceutical company Verona Pharma has raised $200m (£159m) in an oversubscribed private placement and subscription, to fund its phase 3 clinical programme ‘ENHANCE’, or ensifentrine as a novel inhaled nebulised COPD therapy, in chronic obstructive pulmonary disease (COPD), as well as for general corporate purposes.
Gattaca cuts costs, agrees new lending covenants
Engineering and technology recruitment company Gattaca updated the market on the year ending 31 July on Friday, reporting that trading during April, May and June, reflecting the impact of UK government measures due to Covid-19, was 41% below last year.
Xpediator sees freight volumes returning post-lockdown
Freight management company Xpediator updated the market on its first half of trading on Friday, saying it had performed “robustly” during the Covid-19 pandemic, although it was impacted by the coronavirus lockdown.
Wey Education beating expectations ahead of year-end
Online educational services company Wey Education updated the market on the year ending 31 August on Friday, reporting that trading had continued to be “very positive” since its interim numbers in May, and was ahead of expectations.
Metal Tiger invests AUD 0.5m in Artemis Resources
Metal Tiger has subscribed for 7,142,857 new ordinary shares in Artemis Resources at a price of seven Australian cents per share, it announced on Friday, for an investment cost of AUD 0. 5m (£0. 28m).
Altona launches pre-funding campaign on Minexia platform
Rare earth element-focussed mining exploration company Altona Energy has launched a pre-funding marketing campaign on Minexia’s private investment platform for the mining sector, NR Private Market, it announced on Friday.
ClearStar shares surge as trading starts to recover
Background and medical screening technology company ClearStar updated the market on the first six months of the year on Friday, saying that after entering 2020 with its “highest ever” order book and a “healthy” pipeline, the outbreak of Covid-19 impacted its business due to widespread job losses and freezes on recruitment.
GoldStone plans additional drilling at Akrokeri-Homase
GoldStone Resources announced on Friday that, in line with progress towards starting production at the Homase South Pit and construction of the associated heap leach facility on its Akrokeri-Homase Gold Project, it has planned an additional infill reverse circulation drilling programme.