UK small-cap RNS · 31 Mar 2026
Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.
Sort: Newest · Largest companies
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17:46
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Pennpetro Energy PPP £11mSigning of Loan Release Deed agreementPennpetro Energy plc, the company focused on developing strategic energy projects, announces that the Company has signed an important agreement including a Loan Release Deed ('Agreement') with Petroquest on 30th March 2026.Moved: Impaired Texas assets review: Chalk Talk 1H restart agreed, funded by RMD → Lease and JV agreed with Petroquest; restart timeline awaited · Suspension, going concern and pledged shares: Interims published; shares still suspended → c. $5m debt removed; shares still suspended
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17:13
Franchise Brands FRAN £289mProposed Share Premium cancellationCancelling the share premium account creates about £131.1m of distributable reserves to support the January buyback, future dividends and other purposes. It is an accounting step; no cash is returned now and it needs shareholder and Court approval.Moved: Share buy-back programme: Still intention; consents awaited, replaces £5m programme → Reserves being created; buy-back still awaiting consents
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07:15
Half-year Results ResultsInterim results show Phalaborwa pilot plant progress, a new Uberaba EA and prices up, but the DFS is only due later in 2026. The US$14.6m raise was needed to fund both studies.Moved: Phalaborwa DFS and financing: DFS funded; due by end of 2026 → Pilot plant running; DFS funded · Uberaba Economic Assessment: PFS funded; completion in 2027 → EA published; PFS funded
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07:02
Ironveld IRON £4.0mOperational Update – Daemaneng Operational RestartDaemaneng's funded restart and stockpile processing show production starting after flooding, but first deliveries only come by end Q2 2026 and there is still no revenue.Moved: DMS Plant production ramp-up: Upgrades due end-March; colluvial mining 2-3 weeks away → Restart under way; stockpile moving to plant · Capital-light Daemaneng operating model: Agreements signed; funding need flagged → Agreements signed; funding still needed · FY25 accounts delay and AIM suspension: Interims published; suspension status unclear → Funding sought; going-concern warning issued
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07:00
Valuation of Solar Development Pipeline("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the international energy production and development company is pleased to announce that it has received an updated independent valuation of its Italian solar development pipeline (the …Moved: Italian solar development pipeline: Pipeline 173.5 MWp; valuation awaited → Independent valuation received: EUR 54.7m · Partial sale of solar portfolio: Selective monetisation intended; no buyer → Sale plan quantified; no buyer named
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07:00
Galantas Gold Corp. GAL £172mUpdate on Acquisition of Andacollo ProjectThe Company is working diligently to satisfy closing conditions, including the approval of the TSX Venture Exchange (the "TSXV") and obtaining minority approval from the Company's shareholders.Moved: Acquisition of Andacollo Oro: Share purchase agreement signed; approvals pending → Under TSXV review; approvals pending; shares halted · Going concern and funding: Larger deferred cash obligations, funding not yet arranged → Placing proceeds now redirected towards Andacollo · Indiana resource update and option payments: New NI 43-101 filed; PEA work starting → Indiana budget cut; PEA work still planned
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Optima Health OPT £265mLaunch of Underwritten Open Offer FundraiseLaunches the underwritten £35m open offer at 175p to repay Lord Ashcroft's £30m bridge for PAM. It adds 18.39% to the share count, but the price is 2.8% below the latest close and the offer is underwritten.Large acquisition / reverse takeover £35.0m · 13% of mcapoutlook positivefirst since Oct 2023 +0.0% on the dayMoved: PAM Healthcare acquisition: Unconditional; completion expected on or around 26 March → Completed 26 March; open offer launched to repay bridge
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07:00
Hilton Food Group HFG £645mFinal Results ResultsThe January cut to 2026 PBT of £60m-£65m is only confirmed, with trading in line. Profit is still expected to fall from 2025, so this is not a new warning.Moved: Business and portfolio review: Nearing completion; core meat focus expected → Review completed; core meat focus confirmed (closed) · new: Seachill, Foppen, Dalco improvement plans – Improvement plans being implemented · Foppen US shipment disruption: Restrictions continue; US supply from Netherlands → Restrictions continue; £27.6m exceptional costs booked
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07:00
Domino's Pizza Group DOM £827mChief Executive Officer (“CEO”) Appointment Board changeEnds the leadership vacuum left by Rennie's November exit by making interim CEO Frampton permanent after an internal and external search, giving continuity as the strategy review and capital allocation work proceed.Moved: CEO succession search: Interim CEO Frampton leading; no permanent CEO named → Frampton appointed permanent CEO (closed) · Capital allocation review: Second brand work ceased; review later in 2026 → Permanent CEO and new CFO now in place
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Brickability Group BRCK £153mStatement regarding possible offer OfferAtlas's 65p cash approach confirms bid interest in BRCK, but the Board unanimously rejected it as undervaluing the company. Talks continue only if Atlas improves its price, so no premium is on offer yet.Moved: new: Atlas possible offer – 65p proposal rejected; limited information shared
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Half-year Results ResultsHalf-year revenue rose to $322,858 from $64,542 and net loss narrowed to $1.56m, but the gross loss widened to $394,493; cash of $3.4m after the raise funds the Sagebrush-1 test.Moved: Sagebrush-1 extended flow test: Awaiting operatorship; test still the focus → Awaiting final operatorship designation · Coyote Wash development: IMDA approved; moving to permitting and planning → IMDA approved; planning and permitting
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07:00
Half-year Results ResultsH1 revenue rose 51% to £504k and the net loss narrowed to £209k from £377k, supporting the channel-sales model. The board warns H1 growth should not be extrapolated and going-concern dependence on Parris remains.Disposal of a part (break-up) ahead of expectationsoutlook mixedfirst since Oct 2023 +0.0% on the dayMoved: City Oil Field plastic-to-oil rollout: First Jeongeup RGO plant commissioned; PSA agreed, conditional → Korean plant certified and operating; UK/Arizona sites in discussion · Going concern uncertainty: Auditors flag material uncertainty; opinion unmodified → Net liabilities £304k; reliant on Parris support and pipeline · M2G channel sales growth: Orders and early FY26 sales rising → H1 revenue up 51%; orders ahead
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07:00
Financial report for 6 months to end-December 2025Copper revenue, margin and continuing EBITDA improved and net cash rose after the chrome sale. But Q2 output fell and FY2026 guidance is now under review, with the sold SA business loss-making.Moved: new: FY2026 copper guidance – Guidance range under review · Molefe mine ramp-up: Ramp-up delayed by rains; target now Q4 FY2026 → Rain-hit; full haulage expected April 2026 · Roan dewatering facility upgrade: Commissioning due early March 2026 → Built; thickener running, final checks underway
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Subscription raises £11.1m from investors FundraiseRaises £11.1m at 20p, a 6.5% discount, from strategic investors including Traxys. It funds the company beyond Q2 2027 and covers the Phalaborwa DFS and Uberaba PFS, but it dilutes holders by about 8%.Moved: Phalaborwa DFS and financing: Final pilot plant operating; DFS being finalised → DFS funded; due by end of 2026 · Uberaba Economic Assessment: EA published; Mosaic development agreement signed; PFS next → PFS funded; completion in 2027
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Videndum VID £92m2025 Full Year Results ResultsThe £85m equity raise at 270p completed on 30 March. It is a heavily discounted placing that dilutes existing holders, but with the debt equitisation and write-off it cuts net debt by c.£112m and avoids a lender-led outcome.Moved: Debt refinancing and recapitalisation: Shareholders approved all resolutions; admission due 30 March → Completed 30 March 2026; net debt cut (closed) · new: CEO recruitment and cost-saving programme – CEO search underway; savings programme expanded
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Ironveld IRON £4.0mFinancial Results for the Year Ended 30 June 2025 ResultsThe audit overhang is cleared and FY25 losses narrowed, with cash of £862k. But the year had no material revenue and the 13 March accounts date was missed again.Moved: DMS Plant production ramp-up: Flood recovery; upgrades under way → Upgrades due end-March; colluvial mining 2-3 weeks away · Capital-light Daemaneng operating model: Terms agreed on ROM; German talks continue → RoM terms agreed; logistics being refined; German talks ongoing · FY25 accounts delay and AIM suspension: Slipped again; final South African audit report due → Audited accounts published; AIM suspension status not stated
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RC Fornax PLC RCFX £4.5mTrading Update Trading updateQ2 FY26 orders of about £1.9m and about £1.4m in March extend the order-book rebuild after the FY25 revenue slump. Firm FY26 visibility rises to over £5.1m.Moved: Post-SDR contract and framework pipeline: Order book rebuilding; £4.5m FY26 sales firm → Order book growing; £5.1m FY26 sales visible
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Pantheon Resources PANR £138mUnaudited Interim Results ResultsThe H1 loss widened to $9.0m as G&A and bond costs rose. Cash fell to $15.1m by 27 March, and with no further well operations planned, the story now depends on finding a farm-in partner.Moved: Complete US senior exchange listing, targeted for 2025 then Q4 2025 or Q1 2026: delayed → missed – US listing activities are suspended as part of cost cutting, so the Q1 2026 target for a US senior exchange listing will not be met. · 2023 strategy reset: Board reshaped; focus moving to engineering → Kodiak-first repositioning, cost cuts, new Board · Kodiak seismic reprocessing and Theta West-2: Seismic reprocessing started; well preparations only → Seismic reprocessing commissioned on NW Kodiak
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Vast Resources VAST £62mUpdate on Proposed AcquisitionAlpha and Mercuria loans reach 31 March 2026 without repayment, and a further extension to 30 April is still only under discussion. Repayment relies on delayed diamond sales and an uncompleted placing.Balance-sheet stress / refinancing outlook mixed4 acquisitions in 3 months – usually less than 1 +0.0% on the dayMoved: Gulf International Minerals reverse takeover: Conditional SPA; shares suspended, index deletion → Longstop extended to 5 May 2026; diligence largely done · Alpha and Mercuria loan default: Extended to 31 March 2026, conditional on progress → Further extension under discussion, not agreed · Zimbabwe diamond parcel sale: Phased sales of higher-quality stones continue → Dubai sales delayed; Antwerp channel in talks
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Half-year Results ResultsRevenue up 32.2% (11.4% proforma) and adjusted EPS up 15.4%, but adjusted EBITDA fell 3.6% with margin down to 16.9% as the cost base outweighs post-divestment revenue.Moved: Earnings-enhancing M&A pursuit: Actively working on several potential targets → Several opportunities in discussion, none agreed · Share buyback programme: Ongoing; £1.1m returned by 31 December 2025 → Ongoing; £4.7m returned by 31 March 2026 · International partnership restructuring: Spanish office closing; Scandinavia distributor issue resolved → Madrid office closed; moving to strategic partnerships
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Tap Global Group Plc TAP £7.6mHalf-year Results ResultsHalf-year revenue slipped 6.9% as crypto trading softened after October, opex rose 35% and EBITDA swung to a loss, while cash nearly halved to £433k, undoing the strong Q1 momentum.Moved: BTaaS platform customer roll-out: Pilot revenue in Q1; formally launched October 2025 → Launched October 2025; early contributions only · XTP token treasury acquisition: Acquired for nil cost; related-party deal → Completed post-period; cash benefit expected · Founder and board share lock-in: Founder Alignment Deed signed 12 March 2026 → Three-year lock-in covers about 63.0% of shares
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Wildcat Petroleum WCAT £2.4mHalf-year Results ResultsInterim results show a shell with £124k of costs in six months and £97k cash, with no operating business; the Sudan gold pivot has no binding deal and funding is stretched.Moved: Main Market delisting to Aquis: Proposed; shareholder approval pending → Shareholders approved; Aquis admission pending · Fundraise before end March: Planned, no terms → Replaced by £30k Chairman loan; raise deferred · Pivot to African gold processing: Review done; no binding agreements → Approved by shareholders; no binding agreements
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Pets at Home Group PETS £1,029mFY26 pre-close statement Trading updateFY26 underlying PBT of c£92m only confirms prior guidance (consensus £93m, range £90-97m). It is not a raise, and sits slightly below the consensus midpoint.Moved: Retail turnaround plan: Sequential Retail improvement; price cuts implemented → On track; price cuts and cost savings done · CMA vets market review: Provisional findings published; engaging with CMA → Final decision issued; no adverse impact expected (closed) · new: Dividend rebase and buyback – Announced after investor consultation
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Severfield SFR £112mFull Year Trading Update Trading updateFY26 is in line at £10.2m, but FY27 guidance of £12m-£15m is cautious on later project starts and tight pricing, resetting the earlier 'unchanged' stance. Only the FY26 net debt beat softens it.Moved: Strategic review and transformation: Permanent CFO appointed; wider strategy pending → Review progressing; early changes implemented · Bridge remedial works programme: Progressing; £20m insurance received → Several programmes complete; £27.5m insurance received
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Allergy Therapeutics AGY £285mHalf-year Results ResultsThe announcement is interim results, not a guidance raise. Revenue grew 7% reported but only 2.5% at constant currency, and the operating loss widened to £11.4m. The outlook only expects H2 momentum to accelerate.Moved: VLP Peanut PROTECT trial: Primary safety met; biomarker data positive → Phase IIb preparation underway · Potential equity raise: No raise agreed; £70m uncommitted debt funding available → No raise; £40m Hayfin debt drawn · Hong Kong dual listing: Still exploring potential dual primary listing → Still exploring dual primary listing
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Kazera Global KZG £17mHalf-year Results ResultsInterim results show first diamond sales of only £26,000 and unrecognised HMS inventory, with the 2A Mining Right delayed in a DMRE backlog. Cash did rise to £664k after the £1.56m raise, and loan facilities mature 30 April 2026.Moved: 2A Mining Right approval: Objection withdrawn; grant awaited; funding raised → Objection withdrawn; application in DMRE backlog · Aftan arbitration award enforcement: Award granted; Hebei challenging; enforcement ongoing → Hearing held January 2026; judgment awaited · HMS and diamond capacity expansion: Extra retail funding offered; upgrades under way → Upgrades under way; diamond sales begun
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Ariana Resources AAU £36mFinal Audited Results for the Year Ended 31 Dec 25 ResultsStatutory loss of £12.4m (2024: £2.7m profit) stems from a non-cash £10.9m Zenit reclassification charge. Cash rose to £5.4m after the ASX listing and Xinhai investment, so the balance sheet is stronger.Moved: Xinhai strategic investment in Dokwe: Definitive agreement signed; A$8m immediate funding → Investment completed; Xinhai joins board · Tavsan heap-leach ramp-up: c.135,000t loaded; ramp-up through Spring → In production; heap-leach commenced
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Raspberry PI Holdings (WI) RPI £1,059mFY 2025 Results ResultsStrong 25% EBITDA growth ahead of expectations, increased unit volumes and continued product and platform expansion.
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Future FUTR £252mPre-close Trading Statement Trading updateFaster Google search audience decline hits programmatic and ecommerce, cutting H1 EBITDA margin to 24-25% and FY to 25-27%, with H2 organic revenue now expected down low single digits, after on-track February trading.Moved: Mid-single digit organic revenue CAGR over 2023-26 with adjusted operating margi: pending → delayed – Lower H2 organic revenue and FY EBITDA margin of 25-27% put the 28-30% margin target and mid-single-digit organic growth CAGR at risk. · Deliver accelerating organic revenue growth beyond FY 2025.: on_track → missed – H2 organic revenue is now expected to decline, not accelerate, as programmatic and ecommerce fall. · Share buyback programme: £30m programme, about £5m bought → Buyback being accelerated
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Half-year Results ResultsHalf-year loss of A$107.8m (EPS -104.73c vs -8.09c) driven by large case losses, A$99.2m unrealised losses and A$31.1m litigation service expense; restricted cash is almost all of the A$23.6m balance.Moved: Strategic review: Review continuing; results delayed to give update → Review approaching conclusion; no outcome yet