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UK small-cap RNS · 19 Aug 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. 13:40
    Half-year Results Results
    Revenue rose 16.1% and EPS 5.9%, but fuel and port cost recovery left operating profit down 2.4%. July to mid-August cars and RoRo freight fell, a worry given H2 is about two-thirds of EBITDA.
    outlook negative +3.1% on the day
    Moved: Management buyout of ICG: Terms final; ISS recommends voting in favour → Scheme vote pending; completion expected Q4 2026 · new: P&O Dover-Calais charter termination – Termination notice received; options under evaluation
  2. 07:41
    Q4 Operating Results, Dividend Declaration & CFO Results
    Q4 combined operating profit roughly doubled to £3.2m (vs £1.67m), with South Africa and Ghana both well ahead, in line with the earlier FY2026 upgrades, though a 16% gold price fall squeezed margins.
    Legal & regulatory £0.4m · 1% of mcapoutlook mixedfirst in 6 months +1.4% on the day
    Moved: TSF retreatment and pipeline: Taking control of pipeline application; no feasibility → Pipeline work, water licence, geotechnical studies pending · Brazil new plant build: Licence received, equipment installed and commissioned → Licence received, spirals commissioned · Ghana by-product export decree: Beneficiation rule still affecting all aspects; plant upgrade under way → Permit and licence renewed; upgrade spend done
  3. 07:00
    Results of Placing and Open Offer Results
    On 31 July 2026, the Company announced a Placing and Open Offer to raise gross proceeds of up to $125 million at a price of $14.50 per New Ordinary Share.
    +0.9% on the day
  4. 07:00
    Annual Report & Notice of Annual General Meeting Results
    One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 19 August 2026
    −2.1% on the day
  5. 07:00
    Half-year Results Results
    This is a results report, not a fresh warning. EBITDA fell to $4.4m and the loss after tax was $34.1m on lower prices, and the ilmenite guidance trim to about 800,000 tonnes was already flagged in July.
    Legal & regulatory below expectationsoutlook mixed +7.2% on the day
    Moved: WCP A upgrade and Nataka transition: Built, but nameplate still not consistently reached → Construction complete; nameplate not yet consistent · Value over volume, inventory drawdown: Drawdown continuing; production below plan → Drawdown continuing; H2 recovery expected · Moma Implementation Agreement extension: Talks continuing; no agreement → Talks continuing; significant progress reported

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