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UK small-cap RNS · 3 Jun 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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  1. 16:40
    Proposed Placing to raise at least £15 million Fundraise
    Raises at least £15m at 50p, a c.47% discount to the 94.5p close, mainly to repair a net debt position of £17.5m and enable the ABL Facility. Heavy dilution against a small market cap.
    New CEO / reset £15.0m · 64% of mcapoutlook mixedfirst since Oct 2023 −44.4% on the day
    Moved: US tariffs and net debt: Net debt £17.5m; refund claims pending → Equity fundraise proposed to cut net debt · Transformation plan: Refreshed strategy launched; CEO handover imminent → New CEO in place; targets reset, funding sought · new: Equity fundraise at 50p – Bookbuild launched; not underwritten
  2. 07:30
    Sale of property in Brislington, Bristol
    Completes the Brislington sale at £1.05m after the earlier buyer failed to perform, bringing in cash for a company whose cash had nearly halved to £447k.
    Disposal of a part (break-up) £1.1m · 48% of mcapoutlook mixedfirst since Oct 2023 −5.7% on the day
    Moved: Brislington property sale: Earlier sale collapsed; property held for sale → Sale completed at £1,050,000 (closed) · Castle Court Hastings redevelopment: Non-binding agreements; contracts need board approvals → Advanced talks; agreement in principle to sell Hastings
  3. 07:00
    Exclusivity Agreements to acquire Daybreak O & G
    Exclusivity Agreements to acquire controlling interest in Daybreak Oil and Gas, Inc.
    Large acquisition / reverse takeover 6 acquisitions in 3 months – usually about 2 −5.1% on the day
    Moved: new: Acquisition of Daybreak Oil and Gas – Non-binding exclusivity signed; due diligence
  4. 07:00
    Energean ENOG £1,358m
    Update on Angola Transaction
    Update on the proposed acquisition of interests in Block 14 and Block 14K, offshore Angola
    Moved: Angola Block 14 acquisition: Approvals in progress; closing by end-2026 → Pre-emption claim by Etu Energias; SPA remains in effect
  5. 07:00
    Final Results Results
    Audited FY2025 confirms Phase 1 sanctioned, Rockhopper funded and first oil still Q1 2028, with cash up to US$179m. Offsetting this are a US$5.25m cost rise from moving the FPSO yard to Asia and an unresolved EPF cost of up to US$52.5m.
    Project milestones outlook positivefirst in 8 months −4.7% on the day
    Moved: Sea Lion Phase 1 development: Development; FPSO notice served; first oil early 2028 → Construction under way; FPSO to Asia yard · Project cost and EPF support funding: Cash of US$179m expected to cover Phase 1 capex → Cost up US$5.25m; EPF funding route undecided · US$140m Placing and Open Offer: Placing completing; Open Offer launched → Placing and Open Offer completed (closed)
  6. 07:00
    Results for the year ended 31 December 2025 Results
    Audited FY2025 covers the pre-deal shell and gives no EGT P&L. The post-period news is the point: debt-free balance sheet, larger repowering pipeline and a restated £50m medium-term revenue target.
    Disposal of a part (break-up) £14.7m · 53% of mcapoutlook positivefirst in 8 months +13.0% on the day
    Moved: O&M platform acquisition and funding: Integration continuing; Anemos stake raised to 79% → Completed; integration and repowering delivery under way · Pajala Copper Project sale option: Exclusive six-month option signed → Sale or partnership sought; no deal stated
  7. 07:00
    Half-year Results Results
    Fourth FY26 PBT raise, to £30m-£33m, above the £28.6m consensus. Higher gold price and volumes drive it, and H1 profit already exceeds the whole of FY25.
    Upgrade / downgrade cycle ahead of expectationsoutlook positive, raised3 guidance upgrades in 3 months – usually less than 1 +7.8% on the day
    Moved: New store opening programme: Five new stores open; target raised to 10-12 → Rollout accelerating; 172 stores at period end · FY26 operating cost inflation: Still not mentioned in this update → Admin costs up 12%; employment costs rising
  8. 07:00
    Q1 FY27 Trading Update Trading update
    The Board reiterates double-digit FY27 Adjusted EBITDA growth on the £53m base set in March. This is a confirmation, not a raise, backed by Q1 GMV growth and a stronger May.
    Disposal of a part (break-up) outlook positive +17.0% on the day
    Moved: Marketplace turnaround: Ahead of plan; focus shifting to growth → Back to growth; cost-out ahead of plan · Disposals and warehouse exits: Warehouse consolidation completed; US exit pending → Burnley and US warehouse disposals planned this year · Equity fundraise and lender covenants: Raise done; net debt £90m, under 2x → Deleveraging to below 1x on track
  9. 07:00
    Final Results Results
    Pipeline of paid-evaluation rollout opportunities more than doubled to over £75m from £35m, but it is unconverted: 2025 revenue was flat and conversion was lower than anticipated.
    Project milestones outlook positivefirst in 8 months −4.6% on the day
    Moved: Customer trials and rollouts: OEM trial moved into rollout with £395k order → Paid evaluations multiplying; rollout decisions expected late 2026

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