e-commerce payment services provider Mobility One (LON: MBO) has received conditional approval to carry on Islamic digital banking in Labuan in Malaysia. The business will be called MBO Bank (Labuan). No revenues are expected in 2026. Potential partners and investors will be explored. The share price jumped 113.3% to 1.6p.
Europa Oil and Gas (LON: EOG) chief executive William Holland bought 417,285 shares at 1.792p each. This follows the agreement of the farmout of a 40% interest in the EG-08 production sharing contract in Equatorial Guinea to Fuhai (Beijing) Energy. Fuhai will fund 95% of the cost of drilling and testing a well up to a total cost of $53m. Europa Oil and Gas owns 42.9% of Antler Global, which will retain 40% of EG-08. He share price increased 12.5% to 2.025p.
FALLERS
Trellus Health (LON: TRLS), which has developed digital technology to manage chronic conditions, plans to issue up to £5m of secured convertible loan notes to an institutional shareholder. This will be a facility lasting 12 months with multiple tranches that will come with warrants. This enhances the cash position and the first tranche of £737,500 should last for the first quarter of 2026. Average monthly cash burn has been reduced to $400,000. A general meeting will be held on 20 January. The company previously secured a $600,000 convertible loan from 25% shareholder Icahn School of Medicine at Mount Sinai. The share price declined 27.3% to 0.4p.
Julian Hanna is stepping down as technical director of Artemis Resources (LON: ARV) to concentrate on being project manager for the Cassowary joint venture copper project in Western Australia. He will earn A$1,500 per day, plus an overall incentive fee. The share price dipped 5.88% to 0.4p.
Heart-health functional food ingredients supplier Provexis (LON: PXS) interim revenues slumped from £785,000 to £364,000 due to a decline in Fruitflow II SD from £725,000 to £302,000. That was due to a delay in receiving additional inventory. Several hundred thousand pounds of sales and orders have been received since September. The underlying interim operating loss rose from £98,000 to £155,000. Cash was £523,000 at the end of September 2025. The share price slid 1.18% to 0.835p.
Perpetual has reduced its shareholding in Central Asia Metals (LON: CAML) from 4.88% to 3.86%. The share price fell 1.51% to 188.9p.