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UK small-cap RNS · 19 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. 13:53
    Holding(s) in Company Holding
  2. 10:33
    Adjournment of General Meeting
    Further to the announcement made on 18 June 2026, the Company announces that the General Meeting originally scheduled for 10:30am this morning has been adjourned sine die.
    Delisting / take-private −5.9% on the day
    Moved: Delisting and move to private company: Adjournment proposed; approval unlikely at 75% → General Meeting adjourned sine die; delisting stalled
  3. 07:00
    Update
    Board continues talks on strategic options, including a possible sale of the US operating subsidiary, but says there is no certainty of funding or a deal. This is a distressed process, not a growth review.
    Balance-sheet stress / refinancing outlook negativefirst since Oct 2023 +0.0% on the day
    Moved: Cash runway and fundraising: Shares suspended; restructuring advisers engaged; runway to mid-June → Runway extended to 31 July; shares suspended
  4. 07:00
    Final Results Results
    Full-year underlying result swung to a £1.5m pre-tax loss from a £0.6m profit on weak new car volumes and cost inflation. The 10.0p dividend is held despite the loss.
    Turnaround plan with targets outlook mixedfirst in 6 months +0.0% on the day
    Moved: HSBC covenant waivers and reset: Interest cover and leverage tests waived; replacement tests agreed → HSBC review date extended to April 2028 · New car performance turnaround: Initial operational changes made → Actions to cut costs and lift orders under way
  5. 07:00
    Final Results Results
    The company is pursuing the ex-Chairman and ex-CFO over the unauthorised LEJ payments. Proceedings are early, only $40,000 is back, and the board says further recovery may not exceed legal costs.
    Legal & regulatory outlook mixedfirst since Oct 2023 −12.0% on the day
    Moved: Riverfort loan facility refinancing: Active talks with creditors → Results say Riverfort short-term loan repaid in 2025 · Funding options and cash runway: Talks with several groups; nothing agreed → More finance still needed; nothing agreed · Recovery of improper payments: Part repaid; recovery steps continuing → Early-stage proceedings; $40,000 recovered

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