Situations
Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.
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Activist Auction Technology Group ATG£580m moved
FitzWalter Capital Limited campaign
FitzWalter's campaign dates from 13 Dec 2024. Its possible offers lapsed on 2 Feb 2026 when it said it would not bid.
Activist FitzWalter Capital LimitedStake 27.4533%Wants board seat(s), sale of the company, return of capitalBid dropped; Rule 2.8 applies; shareholder campaign openNext General Meeting vote on removing the Chair -
Big fundraise Sareum Holdings SAR£38m new
Discounted equity fundraise
Sareum paused AIM trading on 8 Oct 2026 to run a fundraise, and on 26 Oct 2026 announced a conditional £3.2m subscription at 14p, a c.49% discount, with warrants.
Size c.£3.2m before expenses; 22,807,143 new shares; WRAP offer …Price 14p per shareSubscription conditionally raised; admission pendingNext Admission of shares and result of WRAP Retail Offer 29 Oct · in 3 days -
Debt & refinancing Critical Metals CRTM£83m moved
Additional funding requirement
The £2.1m NIU convertible loan note was raised on 31 December 2025. The final results state that part of the funds went on restructuring, debt reduction and Molulu, and that fieldwork restarted after funds were released.
Amount £2.1 million convertible loan note from NIUUse of money Restructuring, debt reduction and advancing the Molulu …£2.1m NIU note funded fieldwork restart - Friday
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Debt & refinancing Bezant Resources BZT£25m new
Yorkville loan facility
On 22 October 2026 Bezant completed a £4M gross unsecured, non-convertible loan with Yorkville's YA II PN Ltd, drawn in full, as an alternative to an immediate £4M equity placing.
Size £4 million gross, drawn in full; 6% upfront fee and £20,000 …Interest 5% p.a., unsecured, non-convertible, repayable in cashFacility agreed 22 Oct 2026 and drawn in fullNext First £400,000 repayment; ATM facility to be set up within 15 business days 15 Jan · in 81 days -
Profit outlook Robinson RBN£19m new
2026 profit guidance
Guidance was lowered in December 2025 and on 20 August 2026 to £2.2m-£2.6m after Middle East cost pressure. On 25 September the Board said 2026 was in line, but a £3.3m-revenue contract would not be renewed.
Direction below expectations / warningReaction on the day −8%In 12 months 1 statement in the same directionGuidance cut again to £1.2m-£1.6mNext 2026 results and FY2027 mitigation update 4 Mar · in 129 days - Thursday
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Sale process Arc Minerals Limited ARCM£14m new
Kabompo West strategic partnership
After the Settlement Agreement reached in the previous quarter, Arc is running a dual-track strategy at Kabompo West in Zambia.
Track 1 Advanced discussions with a shortlist of large mining …Track 2 Review of geological, geophysical and drilling database, …Advanced discussions with shortlisted majorsNext Update on partnership talks and project review -
Sale process Bloomsbury Publishing BMY£505m new
Sale of Who’s Who and Osprey Games
Bloomsbury decided earlier in 2026 to sell Who’s Who and Osprey Games, both in Special Interest. The 22 Oct 2026 interims say sale processes have begun; Consumer margin was 9.5%, or 11.6% excluding Special Interest.
Business sold Who’s Who and Osprey Board Games (Special Interest, …Status Sale processes begunSale processes begunNext Outcome of sale processes -
Disposal Synthomer SYNT£185m
Broadened divestment programme
Divestment programme broadened Oct 2025. Acrylate Monomers sale announced 19 June 2026 and completed 30 Sep 2026 as planned.
Use of money Enhance strategic focus and reduce debtOther projects Good progress on other divestment projects (22 Oct 2026); …Acrylate sale done; other projects progressingNext update on other divestment projects -
Capital return Auction Technology Group ATG£580m new
Return of excess capital
As set out at the HY26 results, the Board is considering options for returning excess capital to shareholders.
Status Board considering options for returning excess capital (22 …Leverage c.1.5x adjusted net debt to adjusted EBITDA expected at …Board considering optionsNext Detail of capital return at FY26 results 24 Nov · in 29 days -
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.
Raise Placing · approximately £135 million (before expenses)Of market value 179.3%Discount 41.2% to the last closeAnnounced -
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 closeFundraise sized at £25m; awaiting shareholder voteNext General Meeting to approve the fundraise, then Admission 11 Nov · in 16 days -
Profit outlook Camellia CAM£135m
Full-year trading outlook
On 26 Aug Kakuzi flagged 2026 net earnings at least 25% lower, and the H1 results (3 Sep) added El Nino as a headwind.
Direction below expectations / warningReaction on the day −7%In 12 months 2 statements in the same directionGuidance cut to £3-5m trading lossNext final 2026 trading result, shaped by Q4 phasing -
Profit outlook Essentra ESNT£326m new
Profit upgrade
Essentra raised its guidance on 22 Oct 2026; the shares moved +5% on the day.
Direction ahead of expectations / raisedReaction on the day +5%In 12 months 1 statement in the same directionGuidance raised - Wednesday
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Takeover SThree STEM£358m
Possible offer
Circle8 approached SThree on 9 Sep 2026 and confirmed an unpriced all-cash possible proposal on 11 Sep, which the Board unanimously rejected as significantly undervaluing the company.
Funding Structured as all cash, without issuing additional Circle8 …Certainty No certainty any firm offer will be made or of its termsBoard mindedApproachNext firm offer or walk away (Rule 2.6) 18 Nov · in 23 days -
Takeover Mobico Group MCG£246m new
Possible offer
A bidder has made a possible offer for Mobico Group at 46p in cash, a premium of 55% on 29.7p.
Offer 46p in cashPremium +55% on 29.7pSpread now +18.7% to the offerApproach -
Big fundraise 4basebio 4BB£81m
Leadership transition and commercial push
New CEO Amy Walker took over in February 2026 to lead a commercial growth push. H1 results on 28 September showed a £63m pipeline but only £0.3m revenue, an £8.9m loss and £14.1m cash.
Other insiders M&G 465,830 shares; Elevage 256,504 shares; directors £0.3m …Next milestone Admission expected 8.00 a.m. on 10 November 2026; General …Retail offer closed; raise awaiting shareholder approvalNext General Meeting result, then Admission of new shares 10 Nov · in 15 days -
Profit outlook Hardide HDD£94m
Profit upgrade
Hardide said it is trading ahead of expectations on 21 Oct 2026; the shares moved +7% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +7%In 12 months 6 statements in the same directionAhead of expectations · fourth in 12 months -
Profit outlook Hercules Plc HERC£30m new
Profit upgrade
Hercules Plc raised its guidance on 21 Oct 2026; the shares moved +9% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +9%In 12 months 2 statements in the same directionGuidance raised · second in 12 months -
Profit outlook Serabi Gold SRB£137m new
Profit warning
Serabi Gold issued a profit warning on 21 Oct 2026; the shares moved −11% on the day.
Direction below expectations / warningReaction on the day −11%In 12 months 1 statement in the same directionProfit warning - Tuesday
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Sale process GB Group GBG£354m new
Strategic options for Global Fraud Solutions
On 20 October 2026 GBG said the non-core Global Fraud Solutions business, about 5% of revenue, declined more than expected on licence renewal timing, churn and fewer new wins. It is still assessing strategic options;
Business Global Fraud Solutions, non-core, c.5% of total revenueTrading declined more significantly than expected in 1H27Strategic options under assessmentNext Outcome of the strategic options assessment -
Capital return Gulf Keystone Petroleum Ltd Com Shs GKP£462m new
Special dividend
Gulf Keystone Petroleum Ltd Com Shs: special dividend of USD 50 million, 4.2% of the market value – proposed (20 Oct 2026).
Kind special dividendAmount USD 50 millionOf market value 4.2%Proposed -
Profit outlook Cropper (James) CRPR£76m
Profit upgrade
Cropper raised its guidance on 20 Oct 2026; the shares moved +14% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +14%In 12 months 3 statements in the same directionGuidance raised · third in 12 months -
Profit outlook Ixico IXI£22m
Profit upgrade
Ixico raised its guidance on 20 Oct 2026; the shares moved +10% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +10%In 12 months 2 statements in the same directionGuidance raised · second in 12 months -
Profit outlook Genuit Group GEN£640m new
Subdued market and profit guidance
Since Nov 2025 profit guidance has tracked a subdued market. In May 2026 FY26 was guided to the lower end of the £94.7m-£105.5m range, and on 11 Aug H1 came in line.
Direction below expectations / warningReaction on the day −12%In 12 months 1 statement in the same directionFY26 profit guided down to c.£84mNext FY26 results with 2027 outlook 1 Mar · in 126 days - Earlier this month
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Disposal Zenith Energy LTD.Com Shs ZEN£29m
Partial sale of solar portfolio
Zenith planned in Oct 2025 to sell part of its solar portfolio. WESOLAR signed a non-binding MoU on 15 Jul 2026 for about 50 MWp of Piedmont projects at EUR 12m against about EUR 5m cost.
Price £10.2m · 30.4% of market valueNegotiations ongoing; no agreement announcedNext conclude sale negotiations -
Delisting Glenveagh Properties (CDI) GLV£978m new
Delisting from London Stock Exchange
Glenveagh announced on 19 Oct 2026 its intention to delist from the LSE after a review of its listing structures, citing low LSE trading activity and the extra cost and regulatory burden.
Reason Review of listing structures: level of LSE trading …Last trading day Friday 27 November 2026 on the LSEDelisting announced 19 Oct 2026; FCA cancellation requestedNext Last day of LSE trading, then cancellation of LSE listing 27 Nov · in 32 days -
Profit outlook Diales Group Plc DIAL£17m new
Results ahead of expectations
Diales Group Plc said it is trading ahead of expectations on 19 Oct 2026; the shares moved +10% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +10%In 12 months 2 statements in the same directionAhead of expectations · second in 12 months -
Profit outlook Iofina IOF£90m new
Results below expectations
Iofina said it is trading below expectations on 16 Oct 2026; the shares moved −7% on the day.
Direction below expectations / warningReaction on the day −7%In 12 months 1 statement in the same directionBelow expectations -
Takeover Kenmare Resources (CDI) KMR£200m
Possible offer
On 6 Oct 2026, after press speculation, Kenmare confirmed a non-binding proposal from IRH for a possible cash offer for the whole company. The 15 Oct Q3 report says talks are ongoing and gives no price or new terms.
Bidder International Resources Holdings RSC Ltd (IRH)Offer Non-binding proposal for a possible cash offer for the …ApproachNext IRH firm offer or no-offer statement under Rule 2.7/2.8 17 Nov · in 22 days -
Disposal Norcros NXR£273m
Sale of South African operations
The Board said on 12 May 2026 it would explore a sale of the profitable South African business, completing the shift to a capital-light UK and European brand group.
Status Process to potentially dispose of the South African …Buyer Not statedSale process progressing to planNext Disposal process progressing; interim results due 19 Nov · in 24 days -
Profit outlook THG THG£630m
Profit upgrade
THG raised its guidance on 15 Oct 2026; the shares moved +16% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +16%In 12 months 4 statements in the same directionGuidance raised · fourth in 12 months -
Profit outlook TPXimpact Holdings TPX£90m new
Profit upgrade
TPXimpact Holdings raised its guidance on 15 Oct 2026; the shares moved +17% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +17%In 12 months 2 statements in the same directionGuidance raised · second in 12 months -
Profit outlook Dunelm Group DNLM£1,727m
Furniture availability recovery
Guidance went from 'in line' in October 2025 to the lower end of consensus in April 2026, then in line with £210m consensus in July. FY26 PBT of £211.0m was flat.
FY26 PBT £211.0m, flat on FY25Early FY27 significantly softer first six weeks due to hot weather; …FY27 guidance held; H1 PBT to be lowerNext Q2 trading update 14 Jan · in 80 days -
Profit outlook XPS Pensions Group XPS£692m new
Results ahead of expectations
XPS Pensions Group said it is trading ahead of expectations on 15 Oct 2026; the shares moved +8% on the day.
Direction ahead of expectations / raisedReaction on the day +8%In 12 months 1 statement in the same directionAhead of expectations -
Big fundraise Ferrexpo FXPO£341m
Placing of 25% of the market value
Ferrexpo is raising minimum US$100 million by placing, 25.2% of its market value, at a 42.3% discount; the shares moved +13% on the day.
Raise Placing · minimum US$100 millionOf market value 25.2%Discount 42.3% to the last closeCompleted -
Profit outlook Vertu Motors VTU£264m
Profit upgrade
Vertu Motors raised its guidance on 14 Oct 2026; the shares moved +4% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +4%In 12 months 3 statements in the same directionGuidance raised · third in 12 months -
Profit outlook Thor Explorations Ltd THX£330m new
Profit warning
Thor Explorations Ltd issued a profit warning on 14 Oct 2026; the shares moved −9% on the day.
Direction below expectations / warningReaction on the day −9%In 12 months 1 statement in the same directionProfit warning -
Sale process YouGov YOU£314m
Shopper strategic review
YouGov began a strategic review of Shopper in March 2026 to unlock long-term value. On 13 Oct 2026 it said the review is ongoing with no outcome given.
Shopper H1 profit £6.8m adjusted operating profit (HY25: £13.9m)Incremental investment £6m expected in FY26Review ongoing; no outcomeNext further update on the review -
Capital return YouGov YOU£314m
Share buyback replacing dividend
In March 2026 the Board said it expected to replace the annual dividend with a buyback, citing a gap between intrinsic and market value. Facilities were amended by 6 Aug 2026.
Balance sheet Year-end leverage 1.7x; net debt £142.1m; debt facilities …Size Up to £15m maximum aggregate consideration, in lieu of the …Buyback launched 13 Oct 2026, run by BerenbergNext Buyback expected to complete within second half of FY27 -
Profit outlook Marston's MARS£364m
Profit upgrade
Marston's raised its guidance on 13 Oct 2026; the shares moved +15% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +15%In 12 months 3 statements in the same directionGuidance raised · third in 12 months -
Capital return AdvancedAdvT Limited ADVT£233m
£10m buyback and possible tender offer
Having already completed £10.0 million of share buyback, and we have initiated a further £10 million programme in September.
Second £10m buyback under wayNext half year results 2 Nov · in 7 days -
Capital return FirstGroup FGP£1,106m
Buyback programme
FirstGroup: buyback programme of £100m, 9.8% of the market value – proposed (12 Oct 2026).
Kind buyback programmeAmount £100mOf market value 9.8%Proposed -
Activist Sanderson Design Group SDG£53m
LBV ASSET MANAGEMENT LLP campaign
LBV ASSET MANAGEMENT LLP holds 14.065% of Sanderson Design Group and wants: remove the chair, board seat(s).
Activist LBV ASSET MANAGEMENT LLPStake 14.065%Wants remove the chair, board seat(s)Board opposesCircular published; board recommends voting againstNext general meeting 29 Oct · in 3 days -
Takeover First Tin 1SN£73m
Possible offer
First Tin received an unsolicited, indicative proposal from Metals X, announced 9 October 2026, for a possible cash offer at 15p per share.
Offer Preliminary, non-binding indicative cash offer for all …Bidder Metals X Limited, existing shareholder with two appointees …ApproachNext firm offer or walk away (Rule 2.6) 6 Nov · in 11 days -
Disposal Gran Tierra Energy Inc. (CDI) GTE£306m
Perico and Espejo acquisition
On 5 Aug 2026 Gran Tierra agreed to sell all its Colombia and Ecuador assets to Maurel & Prom for about $1.33bn total consideration. The 2031 Noteholders consented on 22 Sep 2026, and on 9 Oct 2026 stockholders approved the sale.
Conditions Colombian and Ecuadorian regulatory approvals and other …Noteholder consent 2031 Notes holders' consent obtainedStockholders approved; regulatory approvals pendingNext Colombian and Ecuadorian regulatory approvals; closing targeted around 31 Dec 2026 31 Dec · in 66 days -
Activist Workspace Group WKP£637m
Saba Capital Management, L.P. campaign
Saba proposed a 12-month wind-down on 8 January 2026, which the Board rejected. It requisitioned board changes on 8 May, widened them to all six NEDs on 22 May, and holds about 21.12%.
Activist Saba Capital Management, L.P.Stake 29.7302% – just under the 30% bid thresholdWants board seat(s)Board engagingBoard urging votes against Saba before AGM -
Debt & refinancing Gran Tierra Energy Inc. (CDI) GTE£306m
October 2026 notes amortization
The sale agreement of 5 Aug 2026 provides for the purchaser to assume the 2029 and 2031 notes and for Gran Tierra to redeem the 2027 Notes from proceeds. The 2031 Notes consent was obtained on 22 Sep 2026.
Notes assumed 2031 Notes and 2029 Notes assumed by purchaserNotes redeemed 2027 Notes redeemed by company from proceeds2031 Notes consent in hand; sale closing pendingNext Closing of the Sale, when the 2031 Notes amendments take effect 31 Dec · in 66 days -
Profit outlook Caledonia Mining Corporation CMCL£310m
Profit warning
Caledonia Mining Corporation issued a profit warning on 9 Oct 2026; the shares moved −4% on the day. It is the second such statement in 12 months.
Direction below expectations / warningReaction on the day −4%In 12 months 2 statements in the same directionProfit warning · second in 12 months -
Profit outlook Oxford Metrics OMG£39m
FY26 guidance cut
On 17 June 2026 FY26 revenue guidance of c.£56m for the 15 months was confirmed. On 9 October 2026 the Board cut it to £47-51m with an Adjusted EBIT loss of £0.5-3.9m, against market expectations of £56.2m and a £3.0m profit.
Direction below expectations / warningReaction on the day −6%In 12 months 1 statement in the same directionWarning issued 9 October 2026Next Interim results for 12 months to 30 September 2026 -
Profit outlook Mincon Group (CDI) MCON£164m
Profit upgrade
Mincon Group raised its guidance on 9 Oct 2026; the shares moved +6% on the day.
Direction ahead of expectations / raisedReaction on the day +6%In 12 months 1 statement in the same directionGuidance raised -
Takeover Logistics Development Group LDG£91m
Possible offer
A bidder has made a possible offer for Logistics Development Group at 20p in cash, a premium of 5% on 19p. The board has rejected it.
Offer 20p in cashPremium +5% on 19pSpread now -7.0% to the offerBoard opposesApproachNext firm offer or walk away (Rule 2.6) 5 Nov · in 10 days -
Sale process NAHL Group NAH£22m
Strategic options for shareholder value
Review of options to accelerate shareholder value began in May 2026. The first disposal, Searches UK, has now completed. Capital allocation policy is under review and net cash is expected by end October 2026.
Price £1.2m · 5.9% of market valueFirst disposal completed; review continuesNext Further updates in due course; capital allocation policy review -
Disposal Next 15 Group NFG£330m
Blueshirt and BCA disposal
Portfolio cut from 22 to 10 businesses since the November 2025 review under a Track 1/Track 2 framework.
Buyer Wonderhood StudiosBusiness sold Part of Elvis (Track 2); about half of revenues retainedElvis part sale completed; further disposals activeNext Progress further disposal processes under time-boxed review -
Disposal Investacc Group Limited INAC£99m
Sale of Vesta and InvestAcc Ltd
On 2026-10-08 InvestAcc agreed to sell Vesta Wealth and InvestAcc Limited (Appointed Representative services) to Edengate, owned by Vesta director Nick Gardner, for £12m EV (9.2x FY25 EBITDA).
Price £12.0m · 13% of market valueAgreed; awaiting FCA approvalNext FCA change of control approval and completion -
Debt & refinancing MyCelx Technologies Corporation MYX£12m
Liquidity and bridge financing
Cash fell to c.$0.5m by July 2026 and the company was weighing financing options for Permian equipment manufacture.
Size Up to $500K, drawable in whole or partTerm 9 monthsCEO bridge loan agreed, up to $500KNext Drawdown of CEO bridge loan; financing for Permian equipment manufacture -
Profit outlook MyCelx Technologies Corporation MYX£12m
Middle East conflict exposure
Impact on 2026 business was not assessable in May. In July several large Middle East projects were expected within six months.
Direction below expectations / warningReaction on the day −20%In 12 months 1 statement in the same directionAward missed FY2026 window; revenue moves to FY2027Next Middle East purchase order award for the delayed project -
Disposal Pennon Group PNN£1,747m
Sale of Pennon Power
Pennon proposes to sell Pennon Power as a strand of the revised funding plan, alongside the rights issue, rebased dividend and reinvested efficiencies. The announcement gives no price or buyer;
Business sold Pennon PowerUse of money About £25m reinvested in behind-the-meter renewables; …Proposed; listed in funding plan -
Big fundraise Pennon Group PNN£1,747m
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 closeTerms set; subscription period opens 12 OctoberNext Results of the rights issue announced 27 Oct · in 1 days -
Profit outlook Avon Technologies plc AVON£700m
Profit upgrade
Avon Technologies plc raised its guidance on 7 Oct 2026; the shares moved +15% on the day.
Direction ahead of expectations / raisedReaction on the day +15%In 12 months 1 statement in the same directionGuidance raised -
Takeover 80 Mile 80M£49m
Possible offer
On 8 Sep 2026 the 80 Mile and Greenland Energy boards agreed indicative all-share terms at about 1.1p per share, valuing 80 Mile at £61.48m.
Offer 0.01108 new Greenland Energy shares per 80 Mile share; …Premium 42.86% to 3 Sep 2026 price; 46.67% to 7 Sep 2026 price; …Approach -
Capital return Celebrus Technologies CLBS£19m
Share buyback programme
The up-to-1,000,000-share buyback through Cavendish launched on 13 Feb 2026. The H1 update shows $2.0m spent in the period, alongside a $1.2m final dividend, while cash fell to $22.3m.
Buyback spend of $2.0m reported in H1 -
Stake building Critical Mineral Resources PLC CMRS£13m
NEBARI CARRY CF II, LLC building a stake
NEBARI CARRY CF II, LLC raised its stake in Critical Mineral Resources PLC from 0% to 30.43% on 6 Oct 2026, crossing 29.9%.
Holder NEBARI CARRY CF II, LLCStake 0% → 30.43%Crossed 29.9%30.43% (from 0%)Next over 30% a holder normally has to make an offer (Rule 9) -
Big fundraise Earnz EARN£17m
Placing of 41% of the market value
Earnz is raising £4,097,500 by placing, 41% of its market value, at a 15.8% discount; the shares moved −10% on the day.
Raise Placing · £4,097,500Of market value 41%Discount 15.8% to the last closeCompleted -
Profit outlook Celebrus Technologies CLBS£19m
New business and logo wins
The go-to-market restructure (Marketing, Sales, Customer Success) was meant to fix FY26's new business shortfall.
Direction below expectations / warningReaction on the day −40%In 12 months 2 statements in the same directionRestructure not yet converting; ARR fallingNext H1 FY27 results and presentation 8 Dec · in 43 days -
Profit outlook Clarkson CKN£1,525m
Profit upgrade
Clarkson raised its guidance on 6 Oct 2026; the shares moved +2% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +2%In 12 months 2 statements in the same directionGuidance raised · second in 12 months -
Disposal Lexington Gold Ltd LEX£10m
USA projects strategic options review
Board signed a conditional agreement on 24 June 2026 to sell the 51% US project interests to GoldOz, with completion subject to GoldOz re-listing on the ASX.
Buyer GoldOz LtdBusiness sold 100% of Global Asset Resources Ltd, holding 51% of …Conditional agreement; new CEO to progress saleNext GoldOz ASX re-listing and completion of the sale -
Profit outlook Quartix Technologies QTX£111m
Results ahead of expectations
Quartix Technologies said it is trading ahead of expectations on 5 Oct 2026; the shares moved +3% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +3%In 12 months 3 statements in the same directionAhead of expectations · third in 12 months -
Big fundraise Metals one MET1£14m
Placing of 36% of the market value
Metals one is raising £5m by placing, 35.5% of its market value; the shares moved −6% on the day.
Raise Placing · £5mOf market value 35.5%Reaction on the day −6%Announced -
Big fundraise Oxford Biodynamics OBD£16m
Placing of 59% of the market value
Oxford Biodynamics is raising £9.15m by placing, 59.2% of its market value; the shares moved −5% on the day.
Raise Placing · £9.15mOf market value 59.2%Reaction on the day −5%Announced -
Debt & refinancing Oxford Biodynamics OBD£16m
Funding requirement by late August
The company said on 30 June 2026 that it needed new funds by late August, with cash of £1.38m at 31 May and no non-dilutive deal. It announced a £9.15m placing on 10 August;
Size £9.15m placing of 9,150,000,000 new sharesPrice £0.001 per Placing SharePlacing completed; £250,000 still outstandingNext Vulpes to pay outstanding £250,000 placing balance 30 Oct · in 4 days -
Profit outlook RentGuarantor Holdings PLC RGG£174m
Profit upgrade
RentGuarantor Holdings PLC raised its guidance on 1 Oct 2026; the shares moved +18% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +18%In 12 months 3 statements in the same directionGuidance raised · third in 12 months -
Sale process Real Estate Investors RLE£54m
Possible sale of entire portfolio
Management remains open to a corporate transaction that could provide a more rapid conclusion to its stated disposal and wind-down strategy, provided that it delivers attractive value for …
Price £26.9m · 47.3% of market valueOpen to corporate transactions; nothing active -
Disposal Eurasia Mining EUA£83m
West Kytlim disposal
Our majority interest in the West Kytlim mine, held through our 68% ownership in Kosvinsky Kamen, was approved for sale by shareholders in January this year.
Shareholder-approved; no completion newsNext state approvals for the sale; no date given -
Disposal Creo Medical Group CREO£50m
Sale of 49% Creo Medical SL stake
Creo sold 51% of CME in February 2025 and signed a non-binding agreement in May 2026 to sell the remaining 49%. On 28 July completion was expected in Q3-26.
Price Indicative EV in line with 31 December 2025 carrying value; …Status Non-binding heads of terms; binding terms now expected …Delayed; binding terms now expected Q4 2026Next Agree binding terms for CME stake sale -
Disposal Goodwin Plc GDWN£1,077m
FY2026 profit guidance
Strategic review began 7 Aug 2026; sale of GSC, GI, Noreva, Easat and Pumps to a Cerberus affiliate for up to about £1.1bn cash agreed on 9 Sep 2026.
Price £1,100.0m · 101.6% of market valueAgreed; awaiting regulatory approvals, completion Q1 2027Next Regulatory approvals and completion -
Disposal Rockhopper Exploration RKH£647m
Italian assets disposal
Rockhopper agreed in Oct 2024 to sell Rockhopper Civita Limited, which holds its Italian assets, to Zodiac Energy. FIG approval has been received but Italian approval has not.
Buyer Zodiac Energy LimitedBusiness sold Rockhopper Civita Limited, holding Italian assets and …Italian approval outstanding; long stop passedNext Italian regulator approval -
Disposal Chariot Limited CHAR£87m
Sale of Renewable Power business
On 30 Jun 2026 Chariot stated an intention to realise the value of Renewable Power to focus on upstream. The 30 Sep 2026 H1 results say a formal sales process is underway with multiple offers received.
Business Renewable Power: 34% of Etana, 194MW wind stakes, solar and …Use of money Further cash anticipated from the sale; no allocation …Sales process underway; multiple offers receivedNext Select preferred bidder -
Capital return Goodwin Plc GDWN£1,077m
Dividend policy review
On 9 Sep 2026 the Board said it intends to pay a significant proportion of net sale proceeds to shareholders. The 30 Sep update says the Board is still weighing the mechanism with advisers; no decision on amount, timing or form.
Proposed dividend Ordinary dividend of 330p per share (2025: 280p), up 18% …Policy Board considering capital allocation and dividend policy …Mechanism under consideration; no decisionNext Board decision on amount, timing and form of return -
Capital return Baltic Classifieds Group BCG£786m
Buyback programme
Baltic Classifieds Group: buyback programme of €180 million, 23% of the market value – proposed (30 Sep 2026).
Kind buyback programmeAmount €180 millionOf market value 23%€118.0m drawn; leverage 0.7x -
Big fundraise Apertura Energy Plc VZLA£21m
Concurrent placing up to £30m
Apertura Energy Plc is raising up to £30 million by placing, 139.9% of its market value; the shares moved +0% on the day.
Raise Placing · up to £30 millionOf market value 139.9%Reaction on the day +0%Still proposed, conditional on acquisitionNext fundraise terms with the prospectus
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.