UK small-cap RNS · 12 Nov 2025

Key = all announcements except routine filings (voting rights, buybacks, holdings, director forms), plus the ones that are part of a situation. Not investment advice.

1. 16:38
   eEnergy Group EAAS £1.1m

   Solar Agreement, Loan Agreement, Grant of Warrants

   Enlarged Solar PV supplier agreement, Loan Agreement and Grant of Warrants

   Dilutive fundraise £1.5m · 136% of mcapoutlook positive −2.0% on the day

   Moved: new: GBESP Midlands solar PV schools programme – Expanded to up to 82 schools; surveys and approvals underway · new: Working capital funding for solar programme – £1.5m unsecured loan and warrants agreed
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2. 07:00
   First Tin 1SN £73m

   Taronga – EIS Exhibition Successfully Concluded

   Only 4 objections to the Taronga EIS means no referral to the Independent Planning Commission. The standard departmental approval route should shorten permitting and cut cost, which de-risks the project.

   Project milestones first since Oct 2023 +12.5% on the day

   Moved: Taronga permitting and development approval: Drilling complete; 36 assays outstanding; DFS mid-2026 → EIS exhibition closed; IPC referral avoided
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3. 07:00
   Marshalls MSLH £440m

   Trading Update Trading update

   Ten-month revenue is up 2% but flat in the last four months, and the Board's full-year 2025 expectations are unchanged. This keeps the revised £42-46m profit guidance intact with no upgrade.

   Turnaround plan with targets first in 6 months +0.3% on the day

   Moved: 2025 adjusted pre-tax profit of £42-46m (revised guidance): pending → on_track – Board says full-year 2025 expectations are unchanged, so the revised £42-46m adjusted pre-tax profit guidance stands. · Landscaping improvement plan to deliver £11m annualised cost savings by end of 2: pending → on_track – Landscaping improvement plan is on track for £11m annualised savings; the £9m network optimisation and self-help measures were concluded. · Landscaping Products return to revenue growth in 2025: pending → on_track – Landscaping revenue was flat in the four months to October after -1% at the half year, an improving trend towards 2025 growth. Full-year growth is not yet confirmed.
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4. 07:00
   Avon Technologies plc AVON £700m

   Final Results Results

   FY25 revenue rose 13.8% at constant currency and adjusted EPS 35.1%, with ROIC, cash conversion and leverage goals met two years early. Statutory profit is far lower after $15.4m of transformation costs.

   Turnaround plan with targets ahead of expectationsoutlook positivefirst since Oct 2023 +6.3% on the day

   Moved: new: Team Wendy DoW helmet ramp-up – Q4 output tripled; sustaining in H1 2026 · new: STAR strategy and margin target – Phase one nearly complete; Irvine closed · new: US Government shutdown effect – Finished goods building in H1 2026
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