UK small-cap RNS · 20 Feb 2026
Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.
Key = all announcements except routine filings (voting rights, buybacks, holdings, director forms), plus the ones that are part of a situation. Not investment advice.
Sort: Newest · Largest companies
-
16:30
Kropz KRPZ £7.0mFundraising, Amendment to Loan Terms & Update FundraiseEquity raise of about £0.9m at 1.15p, a 5% discount to the 30-day VWAP, to cover group costs because loan cash cannot be moved up from Kropz Elandsfontein. Dilution is small (about 5%) but the need is a sign of cash strain.Moved: Funding via ARC on-demand loans: Third loan agreed 8 December; ZAR 150m undrawn → Loan amended; ZAR 150m drawn, about ZAR 80m left · Elandsfontein trial production ramp-up: Trial production; ramp-up delayed, record November output → Record December output of 38,970 tonnes
-
16:06
-
12:41
Mothercare MTC £1.1mRefinancing and pension contributions deferralReplaces the Gordon Brothers facility with a larger £8.46m one running to Dec 2027, which buys time. But the coupon rises to 25% including 15% PIK, and the facility stays in default and repayable on demand.Moved: Debt facility covenant breach: Repayable on demand; lender forbearing, refinancing sought → Refinanced to Dec 2027; still in default, repayable on demand · Pension deferral and trustee funding: Contributions deferred; trustee asked for loan → Deferral extended to March 2027; £6m deferred
-
07:01
Propose New Inv Policy New Mgmt Arr. Notice of EGMProposed New Investment Policy, New Management Arrangements and Notice of EGMDisposal of a part (break-up) −1.2% on the dayMoved: Managers to provide advisory services from a new independent entity by 1 April 2: pending → changed – The Board has served protective notice terminating the advisory arrangement with CIP, which was spun out for independent advisory services; a self-managed model is intended. · Debt facility and capital return programme: pending → on_track – The new policy intends the existing debt facility to be repaid in full at maturity, expected September 2026, with no new borrowings. · Shareholder consultation and structural review: Realisation policy proposed; circular expected February → EGM called; circular to follow
-
07:00
Tullow Oil TLW £161mGhana Petroleum Agreements ExtendedParliament's ratification extends the Jubilee and TEN licences to 2040, removing a key licence-expiry risk and securing long-term operations. GNPC's share rises by a further 10% from July 2036, diluting Tullow and the other partners.Moved: Extend Ghana Jubilee and TEN licences to 2040: on_track → delivered – Ghanaian Parliament ratified the extension of the Jubilee and TEN petroleum agreements to 31 December 2040. · Ghana licence extensions to 2040: Listed as a 2026 value catalyst → Ratified by Parliament; extended to 2040 (closed) · Ghana tax disputes and receivables: Listed as 2026 catalyst → Gas payment security mechanism agreed for Jubilee
-
07:00
Kosmos Energy KOS £1,224mGhana License Extensions and Trading Update Trading updateJubilee is above 70,000 bopd with J74 fully ramped and GTA above nameplate. Total production is at record levels, which backs the 2026 growth outlook given earlier.Moved: Ghana licence extension to 2040: Government approved; submitted to parliament → Ratified by parliament; licences run to 2040 (closed) · Jubilee drilling campaign: J-74 completed; five more wells approved → J74 ramped; J75 drilled · TEN FPSO acquisition: Final terms agreed; SPA expected early 2026 → SPA signed
-
07:00
Independent Investigation AppointmentAppoints FRP Advisory for an independent forensic review of the issues flagged on 16 February, overseen by new audit chair Levett. This should speed up the HY results, but the scope and findings are still undisclosed.Moved: CEO succession and conduct investigation: Investigation widened; interim CEO search under way → Independent forensic review appointed · FY25 accounts restatement and financial review: Auditors reviewing expected FY25 restatement → Forensic review appointed; HY results timing open
-
07:00
Wildcat Petroleum WCAT £2.4mProposed Cancellation of Main Market Listing-plansReview ends the oil-focused reverse-takeover plan and pivots to African gold processing, because depressed oil prices make funding an oil asset hard; no binding deal exists yet.Moved: new: Pivot to African gold processing – Review done; no binding agreements · new: Main Market delisting to Aquis – Proposed; shareholder approval pending · new: Fundraise before end March – Planned, no terms
-
07:00
Tullow Oil TLW £161mRefinancing Transaction and Lock-Up AgreementTullow announces Refinancing Transaction and Lock-Up Agreement with c.66% of its Noteholders and GlencoreMoved: Refinancing and May 2026 bond maturity: Talks with creditors; alternatives being progressed → Lock-Up Agreement signed with c.66% of noteholders · TEN FPSO acquisition: SPA signed; completion expected end Q1 2027 → SPA signed; completion expected end Q1 2027 · Ghana licence extensions to 2040: MoU signed; agreements being finalised → Listed as a 2026 value catalyst
-
07:00
Chemring Group CHG £1,460mAGM UpdateFY26 outlook is confirmed in line, but the year started slower than anticipated because of countermeasures production disruption, H2 weighting is heavier, and a non-cash KFL impairment is expected.Moved: UK Government order placement delays: Delays continue; S&I revenue down 18% → Still disrupted; intake slightly improved recently · new: Norway second explosives facility – Phase two concept selection under way · new: Kilgore Flares automation transfer – Legacy operations being retired; ramp continuing
-
07:00
Tullow Oil TLW £161mTullow signs SPA to acquire TEN FPSO in GhanaSigning the SPA is not yet completion: the deal closes end Q1 2027, subject to conditions. It removes the annual TEN FPSO lease cost and is funded from TEN cash flow, with no new debt.Moved: new: TEN FPSO acquisition – SPA signed; completion expected end Q1 2027