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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.

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  1. 16:37
    Holding(s) in Company Holding
  2. 15:39
    Operational Update & Delay to Accounts Publication
    Commercial progress (first pre-paid trial order, advanced offtake talks, ROM trial) is offset by the FY25 audit delay that forces an AIM suspension from 2 January 2026.
    Project milestones outlook positivefirst since Oct 2023 −15.4% on the day
    Moved: DMS Plant production ramp-up: Pre-commissioning; processing due later this week → Operating; first pre-paid trial order secured · Capital-light Daemaneng operating model: Implementation under way; offtake talks advanced → Daemaneng fully responsible; sales deals advancing · new: FY25 accounts delay and AIM suspension – Suspension from 2 January 2026; audit incomplete
  3. 10:09
    Completion of Director shares & cleansing notice
    The Annual General Meeting of Shareholders held on 25 November 2025 approved the issue of a total of 1,146,414 shares to Non-Executive Directors during the 2025 financial year for services provided.
    Project milestones outlook mixedfirst since Oct 2023 +4.7% on the day
    Moved: Häggån uranium legislation and permitting: Parliament voted to lift ban; effective January 2026 → Ban repeal effective 1 January 2026 · Tiris FID and engineering: Basic engineering extended; costs under review → Basic engineering ongoing, due Q2 2026
  4. 07:06
    Year-End Operational Update
    Recaps the month's milestones (3D seismic acquired, Coyote Wash report final, Letter of Credit funded) and a 7.5% Sagebrush working interest purchase; flow test still awaits BIA sign-off, so progress is procedural, not new results.
    Project milestones outlook positive +5.3% on the day
    Moved: Sagebrush-1 extended flow test: Awaiting BIA approval; engagement positive → Letter of Credit funded; awaiting BIA review · Sagebrush 3D seismic programme: Acquisition complete; processing under way → Acquisition complete; moving into processing
  5. 07:00
    Appointment of CEO Board change
    A permanent CEO with a grocery retail background is named after the Executive Chair stepped in on 18 September 2025, as the Retail turnaround is under way. The Board says his retail skills will support it.
    Turnaround plan with targets 3 leadership changes in 3 months – usually less than 1 −0.1% on the day
    Moved: Retail turnaround plan: Plan launched; four priorities set → Permanent CEO named to lead turnaround
  6. 07:00
    Year End Trading & Surplus Property Update
    2025 revenue of about £56m and underlying operating profit are in line with expectations, but 2026 underlying operating profit is guided slightly lower on higher costs and lost rent, with Denmark and Poland weak.
    Disposal of a part (break-up) £2.9m · 15% of mcapin lineoutlook mixed, loweredfirst in 7 months −7.8% on the day
    Moved: new: Surplus property disposals – Hipper House due January; two others agreed subject to contract · new: 2026 profit guidance – 2026 underlying operating profit guided slightly lower
  7. 07:00
    Interim results announcement Results
    H1 retail sales fell 25% and the group swung to an adjusted operating loss of £0.5m. Net debt fell to £5.8m, but the shrinking franchise base is the main concern.
    Balance-sheet stress / refinancing outlook mixedfirst in 7 months −11.0% on the day
    Moved: Debt facility covenant breach: Facility repayable on demand; lender supportive → Repayable on demand; lender forbearing, refinancing sought · Strategic discussions to restore UK scale: Multiple discussions ongoing → Talks with several interested parties ongoing · new: Pension deferral and trustee funding – Contributions deferred; trustee asked for loan
  8. 07:00
    Beehive Returns 92.55m @ 6.83% TGC from Surface
    Beehive Returns 92.55m @ 6.83% TGC from Surface, Confirming Scale and Continuity at Orom-Cross
    Project milestones ahead of expectationsoutlook positive +2.2% on the day
    Moved: Lyan and Beehive exploration assays: Iyan deep holes complete; Beehive deep holes pending → First Beehive deep-hole assay reported; more pending

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