UK small-cap RNS · 20 Nov 2025

Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.

Date	Company	Mcap	Holder	Stake	Crossed
20 Nov	Focus Xplore PLC FOX	£0.7m	First Equity Limited	5.73% → 6.97%
20 Nov	On The Beach Group OTB	£233m	Morgan Stanley	5.04% → 6.07%
20 Nov	The Gym Group GYM	£312m	The Goldman Sachs Group, Inc.	11.03% → 11.16%
20 Nov	Everest Global EVST	£0.4m	VSA Capital Limited	15.3% → 7.37%	15%
20 Nov	System1 Group SYS1	£43m	Crucible Clarity Fund PLC	6.08% → 7.13%
20 Nov	Travis Perkins TPK	£1,298m	SILCHESTER INTERNATIONAL INVESTORS LLP	5.01%	5%
20 Nov	MJ Gleeson GLE	£167m	FIL Limited	5.02% → 10.02%	10%
20 Nov	Focus Xplore PLC FOX	£0.7m	Castle International Holdings Limited	3.59% → 8.74%	5%
20 Nov	Celtic CCP	£167m	Lindsell Train Limited	15.7% → 14.88%	15%
20 Nov	KRM22 KRM	£20m	Gresham House Asset Management Ltd	5.48% → 7.33%
20 Nov	OSB Group OSB	£1,615m	JPMorgan Asset Management Holdings Inc.	5.27% → 5.28%
20 Nov	Caledonian Holdings plc CHP	£2.0m	YA II PN LTD	0% → 10.98%	10%
20 Nov	Panther Metals PALM	£19m	Richard Edwards	8.28% → 7.27%
20 Nov	Nativo Resources NTVO	£4.0m	Mr Adrian Crucefix	5.03% → 4.7%	5%

Notifications of major holdings (TR-1): a holder crossing 3%, 5%, 10% … of the voting rights. Key shows stakes of 5% and more; the 3–5% band (mostly index funds) is under All. Transfers inside a group are left out.