UK small-cap RNS · 23 Apr 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

14:13

ICFG Limited ICFG £84m
Interim Results - Correction Results
The H1-2025 claim of full covenant compliance was wrong, as covenants were breached before 30 June 2025. A waiver was approved and nothing was accelerated, but the lender talks continue after the deferred dividend awaiting lender consents.

Balance-sheet stress / refinancing first since Oct 2023 −10.7% on the day

Moved: InvesCore dividend deferral: Payment deferred; lender consents pending → Covenant breaches disclosed; lender engagement continuing · FY25 audit delay and suspension: Audit delayed; suspension expected → Audit delayed; H1 restatement flagged
13:02

Brickability Group BRCK £153m
Rule 2.8 Announcement
Atlas walks away from its 65p cash approach after saying limited diligence was insufficient and the Board would not extend the PUSU deadline; the possible bid premium for shareholders is gone.

Takeover target next step −7.8% on the day

Moved: Atlas possible offer: 65p rejected; Atlas publicly pressing for due diligence → Atlas Rule 2.8 no-bid statement; approach ended (closed)
12:11

Zenith Energy LTD.Com Shs ZEN £29m
Acquisition of solar development project in Puglia
Adds a 5 MWp Puglia project next to an existing one with grid connection secured, lifting the pipeline to 178.5 MWp. The EUR 575,000 is paid only at Ready-to-Build, so little cash goes out now.

Project milestones 5 acquisitions in 3 months – usually about 2 −3.2% on the day

Moved: Italian solar development pipeline: Independent valuation received: EUR 54.7m → Pipeline 178.5 MWp after Puglia addition
09:05

Pennpetro Energy PPP £11m
Company Update
Texas lease renewal terms received and RMD funding committed, but the lease is still unsigned, shares stay suspended and the Limnytska deal is being cut back to a minority stake.

Balance-sheet stress / refinancing £0.3m · 3% of mcapoutlook mixed3 signals in 3 months – usually less than 1 +0.0% on the day

Moved: Suspension, going concern and pledged shares: c. $5m debt removed; shares still suspended → CLN3 being finalised; SPARK engaging FCA · Impaired Texas assets review: Lease and JV agreed with Petroquest; restart timeline awaited → Lease renewal terms received; negotiating · Reorganisation under RMD Group: Interim report published; readmission next → SPARK appointed; Derrickson on board
07:00

Critical Mineral Resources PLC CMRS £13m
Drilling update
March drilling of 860m fell short of the 'close to 1,000m' guided on 18 March. April is running at about 60m/day, and first assays have slipped from mid-late April to end April or just after.

Project milestones outlook positive −9.6% on the day

Moved: Agadir Melloul resource and mine development: Drilling recovered; assays due mid-late April; JORC Sept 2026 → Drilling at 1,200m/month; first assays imminent
07:00

Acuity RM Group ACRM £5.2m
Trading Statement Trading update
Operating subsidiary profitable every month since 1 Oct 2025, admin costs down 37% and forward contracted revenue back to £2.146m support the cost-led turnaround, though Q1 revenue is small at £441,000.

Turnaround plan with targets £0.4m · 8% of mcapoutlook positive +3.4% on the day

Moved: Cost-led turnaround to profit: NextGen STREAM launched as STREAM Cloud → Profitable trading sustained; STREAM Cloud pipeline starting
07:00

WH Smith SMWH £631m
Interim Results Announcement Results
Cuts FY26 headline PBT guidance to £90m-£105m from £100m-£115m, citing Middle East conflict hitting passenger numbers and consumer confidence, and suspends the dividend, so the March 'on track' message is reversed.

Disposal of a part (break-up) below expectationsoutlook negative, lowered3 business updates in 3 months – usually about 1 −9.1% on the day

Moved: Pure-play travel portfolio reset: Under way: first stores closed → Under way: Heathrow flagships open, exits continuing · Group CEO succession: Executive Chairman named; interim CEO continues → Leo Quinn in post as Executive Chair · Deloitte review remediation plan: Remediation plan in place, progressing at pace → Remediation progressing well
07:00

Afentra AET £196m
Operational and Financial Update
Q1 net production slipped to 5,958 bopd from 6,324 bopd in 2025 on rig-positioning downtime, but net debt fell to $12.6m from $21.8m and the drilling is fully carried.

Project milestones outlook positivefirst since Oct 2023 −2.4% on the day

Moved: Block 3/05 redevelopment and drilling: Drilling accelerated; spud expected in coming days → Pacassa SW spudded; Impala-2 second · Funding for drilling programme: Drilling funding eased by Sonangol deferred structure → Refinancing well advanced; RBL amended · Etu Energias acquisition: Restructured with Sonangol; completion expected Q2 2026 → New SPAs signed; completion expected Q2 2026
07:00

Foxtons Group FOXT £110m
Q1 2026 Trading Update Trading update
Company says trading is in line and FY guidance is unchanged, but group revenue fell 10% on a 35% Sales drop; a cost programme is being added to protect profit.

Turnaround plan with targets in lineoutlook mixedfirst in 1 year −5.6% on the day

Moved: 2026 Sales recovery: Early 2026 demand still weak → Q1 Sales down 35%; market weaker than expected · Lettings acquisitions programme: Two platforms completed; pipeline continues → Two acquisitions completed; pipeline being worked · Renters' Rights Act impact: Pending; company expects medium-term opportunity → Implementation due 1 May 2026; company sees opportunity
07:00

Metals Exploration MTL £498m
Quarterly Update to 31 March 2026
Runruno FY2026 output guidance is cut again to 40,000-48,000 oz from 50,000-60,000 oz, with AISC raised to US$1,700-2,000/oz, on contamination, a geological model downgrade and illegal mining losses.

Project milestones outlook mixed, lowered −6.4% on the day

Moved: La India construction: 40% complete, ahead of schedule, budget raised → 40% complete, ahead of schedule, mining concession renewed · Runruno end of mine life: FY2026 guidance lower; Dupax extension ruled out → FY2026 guidance cut again; Dupax ruled out · Dupax drilling programme: Drill pads damaged; temporarily set back → Concluded; no near-term production opportunity (closed)
07:00

EnSilica ENSI £101m
Major SpaceTech Contracts
Two development contracts with a European satellite operator bring $6.8m of firm NRE revenue from FY26 to FY28. The larger >$50m supply figure is only potential from 2030, not a booked order.

Segment turn 45% of mcapoutlook positive +6.1% on the day

Moved: Space communications ASIC pipeline: Fundraise to fund user-terminal chips → Two development contracts signed with European operator
07:00

Resolute Mining Limited RSG £1,137m
March 2026 Quarterly Activities Report
Q1 output of 59,603oz and AISC of $2,210/oz were in line with plan, and 2026 guidance is held. Record gold prices lifted operating cash flow to $119.8m and net cash to $315.4m, which eases the Doropo funding question.

Project milestones in lineoutlook mixed +3.9% on the day

Moved: Doropo project development: FID approved; construction due H1 2026 → FID approved; ground clearance started April 2026 · Syama Sulphide Conversion Project: Commissioning and ramp-up ahead → Commissioning in Q2; planned shutdown to tie in · Mako Life Extension Project: Technical studies ongoing → Technical studies; Tomboronkoto ESIA validated