Situations

Large or deeply discounted share issues.

Today

1. Big fundraise Sareum Holdings SAR£38m moved

   Discounted equity fundraise

   Sareum Holdings is raising £3.34 million by placing, 12.6% of its market value, at a 49% discount; the shares moved −40% on the day.

   Raise Placing · £3.34 millionOf market value 12.6%Discount 49% to the last close

   Next Admission of shares and result of WRAP Retail Offer 29 Oct · in 1 days −40% since 8 Oct · moved 28 Oct
2. Big fundraise Quantum Base Holdings plc QUBE£16m new

   Placing of 27% of the market value

   Quantum Base Holdings plc is raising £4.3m by placing, 26.8% of its market value; the shares moved −18% on the day.

   Stage CompletedRaise Placing · £4.3mOf market value 26.8%Reaction on the day −18%

   −18% since 28 Oct · moved 28 Oct
3. Big fundraise Pulsar Group PULS£20m new

   Placing of 25% of the market value

   Pulsar Group is raising up to £5.0m by placing, 25% of its market value.

   Stage AnnouncedRaise Placing · up to £5.0mOf market value 25%

   +0% since 28 Oct · moved 28 Oct

Yesterday

1. Big fundraise Pennon Group PNN£1,747m moved

   Rights issue

   On 7 October 2026 Pennon launched a c.£550m fully underwritten rights issue to fund the enlarged AMP8 water investment. Terms are now set: 7 new shares for every 15 held at 250p, a 35.5% discount to TERP.

   Raise Rights issue · £550 millionOf market value 35.7%Discount 44.7% to the last close

   −14% since 7 Oct · moved 27 Oct

Thursday

1. Big fundraise Cornish Metals PLC TIN£94m new

   Placing of 179% of the market value

   Cornish Metals PLC is raising approximately £135 million (before expenses) by placing, 179.3% of its market value, at a 41.2% discount; the shares moved −41% on the day.

   Stage AnnouncedRaise Placing · approximately £135 million (before expenses)Of market value 179.3%Discount 41.2% to the last close

   −32% since 14 Oct · moved 22 Oct
2. Big fundraise Invinity Energy Systems IES£66m new

   Equity fundraise at 10p

   On 19 Oct 2026 Invinity announced a fundraise of at least £20m at 10p per share, a 43.5% discount, with shares suspended. On 20 Oct 2026 it reported a £10m oversubscribed placing and NWF's £10m cornerstone.

   Raise Placing · approximately £20 millionOf market value 19.8%Discount 43.5% to the last close

   Next General Meeting to approve the fundraise, then Admission 11 Nov · in 14 days −38% since 19 Oct · moved 22 Oct

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.