Small caps round up

Advanced security and surveillance system software company Petards announced on Monday that it has been awarded a contract to supply Great Western Railway - part of FirstGroup- with Petards eyeTrain systems.The AIM-traded firm said the new contract, worth £6m, is for the design, development, supply and installation of eyeTrain systems to be fitted to Class 165 and 166 diesel multiple unit trains.

Communications and IT provider KCom Group appointed Jane Aikman as chief financial officer, with immediate effect on Monday. She will stand for election by the shareholders at the company's meeting in July 2017.

As well as securing two sizeable contracts, big data software developer WANdisco’s boardroom drama continued as it appointed a new non-executive director and reinstated its former chief finance officer, three days after he quit. On Monday, the company appointed William Dollens, a partner of major shareholder Global Frontier Investments, as non-executive director with immediate effect.

Cancer immunotherapy development company Scancell Holdings announced on Monday its intention to develop its SCIB2 ImmunoBody for the treatment of non-small cell lung cancer in combination with a checkpoint inhibitor. The AIM-traded firm’s board approved the decision based on the outstanding results from the SCIB1 melanoma clinical trial, which extended several years beyond the original completion date due to the unexpectedly long survival times.

Gold explorer Avocet Mining finally secured financing for its Guinea mine as it entered into a joint venture with Morocco's Managem SA. Managem, which is listed on the Casablanca Stock Exchange, agreed conditionally to buy a minority interest in the Tri-K mine, which will increase to a majority interest of up to 70%, after an agreed work programme is finished and subject to certain milestones.

Time Out magazine’s associate company Flypay, a mobile payment application for the hospitality industry, won a £3.5m investment from online food delivery company Just Eat. After FTSE 250 listed Just Eat’s investment, Time Out, which is best known for its city guides, will own a 38% stake in Flypay, which is part of the company's strategy to monetise local businesses and become a global multi-media and entertainment business.