UK small-cap RNS · 12 Jan 2026

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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07:00

Kosmos Energy KOS £1,224m
Launch of Nordic Bond Issue and Tender Offer
Tender for $250m of 2027 notes, funded by a new $350m secured Nordic bond due 2031, pushes out the maturity. It adds secured debt and is no shareholder return; the £186.6m figure is a rule conversion.

Balance-sheet stress / refinancing +9.4% on the day

Moved: 2026 and 2027 debt maturities: Redemption notice issued; $100m term draw; 2027 refinancing planned → Nordic bond launched; 2027 notes tender offer
07:00

Futura Medical FUM £2.4m
Results of WSD4000 Early Feasibility Study Results
Highly statistically significant improvement achieved in female sexual function

Project milestones outlook positive +18.8% on the day

Moved: Eroxon Intense and WSD4000 development: Studies under way; results due Q1 2026 → WSD4000 feasibility study positive; two studies pending
07:00

Shuka Minerals SKA £6.2m
Update on financing for Kabwe transaction
GMI has sent a payment instruction for £815,000, which would let Shuka settle the LEM cash consideration. The funds have not yet arrived, and GMI has missed earlier dates.

Balance-sheet stress / refinancing £0.8m · 13% of mcapoutlook mixed9 acquisitions in 3 months – usually about 2 −4.3% on the day

Moved: Kabwe/LEM acquisition completion: Long stop extended to 15 January 2026 → GMI payment instructed; funds not yet received · Limited cash and GMI funding reliance: GMI slipped again; only verbal assurance → Payment instruction received; cash not yet in
07:00

Dekel Agri-Vision DKL £4.2m
FY25 Production and Directorate Update
This is a year-end production update, not audited results. Palm oil revenue is expected up about 5% on price despite lower volumes, and cashew volumes rose strongly. Third-party RCN accounting awaits the audit.

Segment turn outlook positive +0.0% on the day

Moved: Cashew processing expansion: Processing steady at 700 tonnes; stock-purchasing secured → New capacity commissioned late H2 2025; volumes nearly quadrupled · Palm oil low-season recovery: November output flat year on year → FY25 lowest harvest; high season imminent
07:00

Auction Technology Group ATG £580m
Statement regarding Auction Technology Group plc
FitzWalter keeps its possible offer alive as a hostile approach and rebuts the board's 5 January claims. No firm offer exists, so the premium is not secured; the 2 February PUSU deadline stays.

Activist campaign first since Oct 2023 −1.7% on the day

Moved: FitzWalter possible offer: Bidder confirms 360p, hostile; PUSU running → Hostile possible offer; FitzWalter rebuts board · new: FitzWalter public campaign against board – Public attack on board's record and governance