UK small-cap RNS · 23 Dec 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
23 Dec	CelLBxHealth plc CLBX	£6.8m	Conifer Management, L.L.C.	29.9%	29.9%
23 Dec	Bay Capital BAY	£11m	Deesse (C.I.) Limited	0% → 13%	10%
23 Dec	Jupiter Fund Management JUP	£841m	JTC Employer Solutions Trustee Limited	4% → 4.32%
23 Dec	Jupiter Fund Management JUP	£841m	Jupiter Fund Management PLC	4.97% → 5.03%	5%
23 Dec	Jarvis Securities JIM	£1.7m	Southey Capital Ltd	3.04% → 8.07%	5%
23 Dec	Alien Metals Limited UFO	£6.8m	Spreadex LTD	3.22%	3%
23 Dec	WH Smith SMWH	£631m	Causeway Capital Management LLC	18.06% → 19.12%
23 Dec	Trifast TRI	£108m	Ruffer LLP	7.71%	5%
23 Dec	Central Asia Metals CAML	£231m	Perpetual Limited	4.88%	3%
23 Dec	Pensana PRE	£129m	M&G Plc	9.97% → 10.91%	10%
23 Dec	Quantum Base Holdings plc QUBE	£16m	Unicorn Asset Management Limited	5.07% → 9.49%
23 Dec	Strix Group KETL	£64m	Kambiz Nourbakhsh	4.1% → 6.53%	5%
23 Dec	Playtech PTEC	£1,036m	Suntera Private Wealth (Jersey) Limited	7.12% → 8.06%
23 Dec	Quantum Base Holdings plc QUBE	£16m	Octopus Investments Limited	0% → 11.29%	10%

Notifications of major holdings (TR-1): a holder crossing 3%, 5%, 10% … of the voting rights. Transfers inside a group are left out.