Charles Dorfman continues to buy shares in cinemas operator Everyman Media (LON: EMAN) following the announcement that it is considering leaving AIM. He has acquired 227,000 shares at 35.89p each. This follows other purchases before and after the announcement. He owns 8.38%. The share price recovered 16.9% to 39.5p.
IT managed services provider Redcentric (LON: RCN) announced a tender offer of up to £90m at 160p/share. Each shareholder can tender as many shares as they wish, but the basic entitlement is 35.3% of any shareholding. There will be scaling back if more than 35.3% of the total share capital is tendered. The share capital reorganisation is designed to get rid of shareholders with less than 20 shares. A 20-for-one share consolidation will be followed by a one-for-20 subdivision. The share price increased 5.93% to 129.5p.
AOTI Inc (LON: AOTI) senior independent director Richard Cotton and Mrs Jane Cotton-Hall bought 30,000 shares at 60p each and 19,110 shares at 62p each. This takes their total holding in the wound healing technology developer to 264,540 shares. The share price improved 5.08% to 62p.
Emmerson (LON: EML) says that it has been granted a UK patent for its Khemisset multi-mineral process. This is designed for use on the Khemisset potash project in Morocco, but it could be used for other potash deposits. It halves water usage and increases recovery rates. Arbitration with the Moroccan government over the Khemisset project continues. The share price rose 5% to 2.1p.
FALLERS
Asia-focused oil and gas company Sunda Energy (LON: SNDA) has received a notification of intention to terminate the production sharing contract for the Chuditch gas field form the Timor-Leste authorities. This is due to a claim that Sunda Energy has not completed minimum exploration work requirements. The company will submit written representations, and a final decision will be made within 120 days. The share price slumped 34.9% to 1.4p.
Blockchain and payments technology investor Blue Star Capital (LON: BLU) has raised £250,000 at 7p/share and issued 1.79 million warrants exercisable at 12p each. Marex Financial, which recently bought Winterflood, has been appointed corporate adviser, with a view to attracting investor interest in the US. The share price declined 17.7% to 7p.
Union Jack Oil (LON: UJO) says the Crossroads well in Oklahoma, where it has a 43% interest, encountered good hydrocarbon shows, but it was deemed uncommercial. The share price slipped 14% to 3.525p.
Phoenix Copper (LON: PXC) has published its 2025 results, showing a loss of $4.4m after a $1.31m bond impairment charge and a charge relating to a $1.15m deposit to secure access to other mining projects. Accounts have been restated for unauthorised payments to previous management. The company is seeking reimbursement of these payments. Progress is being made with the Empire copper gold and silver project in Idaho. The share price fell 12% to 1.1p.