Small Caps News
Vertu Motors appoints broker for next phase of buyback programme
Vertu Motors announced the appointment of Stifel Nicolaus Europe to manage the next phase of its £12m share buyback programme during the upcoming closed period on Friday, from 14 April to 13 May.
Sunda Energy launches consultation for planned Chuditch-2 well
Sunda Energy launched a public consultation process for the environmental impact statement and environmental management plan relating to the planned drilling of the Chuditch-2 appraisal well offshore Timor-Leste on Friday.
Oracle Power shares jump after it reports more drilling results
Oracle Power reported additional assay results from its reverse circulation drill programme at the Northern Zone gold project in Western Australia on Friday, confirming further high-grade intercepts within a broader lower-grade mineralised envelope.
XLMedia proposes £11m tender offer ahead of share suspension
XLMedia announced a proposed return of up to £11m to shareholders via a tender offer on Friday, marking a second and final distribution from the proceeds of its business disposals.
Kistos earnings narrow amid ongoing capital spend
Kistos posted adjusted EBITDA of $95m for the year ended 31 December on Friday, down from $130m in 2023, reflecting lower earnings amid ongoing capital investment.
Catenai raises £0.75m, plans investments in Alludium
Catenai announced a £0. 75m fundraise on Friday, through the issue of 500 million new shares at 0. 15p each, conditional on shareholder approval and a proposed share capital reorganisation to be voted on at its annual general meeting in May.
URU Metals upbeat on Zebediela geophysical survey
URU Metals announced the completion of a high-resolution airborne geophysical survey over its Zebediela project in South Africa on Friday, significantly advancing its geological understanding of the nickel-copper-PGE asset.
Optima Health agrees acquisition of Ireland-based Cognate
Optima Health announced on Friday that it has agreed to acquire Cognate Health, a Republic of Ireland-based occupational health provider, for a total consideration of up to €9m.
Gemfields shares slump as FY revenues fall
Shares in mining outfit Gemfields Group slumped early on Friday after the firm posted a decline in FY revenues and warned of operational challenges in Africa.