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Situations

Every special situation in UK small & mid caps, read from the companies' own announcements – takeover approaches, disposals, activists, capital returns, project milestones, turnarounds and more – each one tracked from the first announcement to the outcome. Shown: what is open and undecided; 29 recommended offers and paid returns sit under Deals in progress.

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Large acquisition / reverse takeover 25

re-rating or dilution.

Larger tile = more significant for the company Shadeearlyunder waydone / eventended new announcement in the last 2 days
KISTKistos Holdings Completion of Block 9, which is under a different EPSA framework, is anticipated in Q4 2026. Oman oil acquisitions · Blocks 3 & 4 completed; Block 9 pending next: Completion of Block 9 acquisition ZENZenith Energy LTD.Com Shs Acquisition of Italian biogas plant · Binding LOI and exclusivity; due diligence pending ZENZenith Energy LTD.Com Shs Acquisition of Daybreak Oil and Gas · Non-binding exclusivity signed; due diligence next: Complete due diligence and negotiate... AEGActive Energy Group Acquisition of c.6 MW energised site · Advanced discussions; no agreement announced next: Complete due diligence and negotiations RWSRWS Holdings Acquisition of Acogroup (Acolad) · Binding put option signed; works council consultation SCLPScancell Holdings Neuphoria reverse merger · Agreed; F-4 filing, vote and SEC review pending ENOGEnergean Angola Block 14 acquisition · Etu signed SPA under pre-emption; Energean SPA still in effect RKHRockhopper Exploration OSX-1 FPSO and CDA acceleration · Subscription Agreement signed for 35% of OSX-1 AEGActive Energy Group Second UAE grid connection acquisition · Non-binding Heads of Terms; due diligence begun SRESirius Real Estate Ltd. German defence-related acquisitions · Kiel and Fulda done; pipeline remains strong CHARChariot Limited Angola Block 14 funding deal · Two SPAs signed; awaiting regulatory approvals OPTOptima Health PAM Healthcare acquisition · Completed and funded; integration under way KAVKavango Resources Nara Gold Project acquisition · Completion formalities ongoing CHLCloudified Holdings Limited PowerPlay reverse takeover · Proposed; shares suspended, results delayed TLWTullow Oil TEN FPSO acquisition · SPA signed; completion expected end Q1 2027 CSNChesnara Scottish Widows Europe acquisition · Change in Control application submitted; completion around end-2026 GCGGolden Rock Global SSS Matrix reverse acquisition · Non-binding; advisers appointed; shares still suspended AMGOAmigo Holdings Reverse takeover in mining · SPA executed; funding, prospectus and approvals pending AETAfentra Etu Energias acquisition · Block 3/05 decree published; 3/05A awaited SUPRSupermarket Income Reit Debt-funded UK pipeline deployment · Raise deployed; three-supermarket purchase pending VZLAApertura Energy Plc Venezuelan energy strategic transition · Shares suspended pending prospectus NEONeo Energy Metals Beisa Mine acquisition · Section 102 pending; Neo Section 11 ready GUNGunsynd Eagle Gold Project farm-in · Circular published; approval pending; requisition received SPDISecure Property Development & Investment AdvEn reverse takeover · Talks substantially stalled; shell sale planned regardless BBSNBrave Bison Group Contested final offer for System1 · Final offer open; acceptances minimal

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