Small cap roundup
After offering the shares at a highly discounted price before getting shareholder approval, Proteome Sciences has raised £3.3m through a placing and subscription of new shares to accelerate its strategy and meet client demand. The AIM-listed company issued the shares at 5p, a 45% discount to their 9.1p closing price on Friday, with chief executive Jeremy Haigh, non-executive Roger McDowell and existing major shareholder Vulpes Life Science Fund all buying shares.
Majestic Wine has announced that it will be offering next day delivery for its full range of 1,250 wines by 2 November 2016 in time for the start of the peak Christmas trading period. The wine range, one of the largest in the UK, will be delivered through a new National Fulfilment centre (NFC) which is managed by Wincanton plc and based in Greenford.
AIM-listed Plexus Holdings’ revenue decreased due to the drop in oil prices and the reduction in the oil and gas engineer’s drilling activities.The sharp fall in oil industry exploration activity following the slump in oil prices has seen the North Sea UK continental shelf especially hard hit, which resulted in revenue falling 61% to £11.23m in the year ended 30 June.
Tekcapital, a provider of technology and intellectual property services, has signed a strategic alliance agreement with Bajainnova SAPI de CV, a technology transfer company, to market its services in Mexico. The AIM-listed company said Mexico is a large potential market for its technology transfer services due to the hundreds of universities, research centres and corporations in the country.
Wey Education, an AIM listed operator of the UK’s only online independent secondary school teaching iGCSE and A Levels, obtained 52% more students during the year ended 31 August 2016. Student numbers at the online secondary school “InterHigh” during the period increased to 647 compared to 425 in 2015 increasing revenue by 38% to £1.5m compared to £1.1m in the previous period.
Multi-commodity mining and natural resource development firm Premier African Minerals has completed its acquisition of a 52% stake in TCT Industrias Florestais Limitada. TCT IF owns a substantial limestone deposit located on rail in the Sofala Province of Mozambique.