Mercantile Ports and Logistics (LON:MPL) says the hearing before the National Company Law Tribunal, Mumbai Bench, concerning Karanja Terminal & Logistics is scheduled for 1 July. Creditors rejected the company’s proposals and approved different ownership of Karanja. However, Mercantile argues that the offer was accepted before its own proposals were annulled. The share price rebounded 27.8% to 1.85p.
Advanced Medical Solutions (LON: AMS) is recommending a 285p/share bid from adhesives and sealants supplier HB Fuller. This values the woundcare company at £659m. The combined group will have a larger addressable market, and they will be able to expand each other’s sales in their core markets. Annualised cost savings of $55m are anticipated. The share price gained 16.1% to 278.75p, which is the highest it has been for more than three years.
Tower Resources (LON: TRP) has received a letter of approval from the Namibian authorities for the farm out of the Pel96 licence, offshore Namibia. Completion should follow shortly. The purchase of a further 5% of the licence has yet to be approved. The share price increased 10.5% to 0.021p.
Oracle Power (LON: ORCP) had a cash outflow from operating activities of £597,000 in 2025 with a further £152,000 spent on exploration and other capital spending. Net cash was £687,000 at the end of 2025. The share price rose 7.84% to 0.055p.
FALLERS
On Wednesday evening after the markets closed CPP Group (LON: CPP) announced a general meeting to gain shareholder approval to leave AIM and raise money from a convertible loan note issue. Following disposals, the focus is insurTech platform Blink Parametric, which is still relatively early stage. The final $5m owed by the purchaser of the Indian business has not been paid yet and cash is required. Gresham House Asset Management is offering to invest £3m in convertibles as long as a total of at least £5m is raised and CPP leaves AIM. Shareholders are being offered a chance to subscribe for up to £2.95m of convertibles with a minimum level of £2m. The holders of convertibles will also receive V shares to enable them to vote at meetings. The share price slumped 37.7% to 37.4p.
Publishing software provider Ingenta (LON: ING) has held its AGM and stated that more than £2m of business over three years has been won so far this year. There are other potential contracts that could be gained in the second half. Cavendish expects a dip in 2026 pre-tax profit to £1.4m because of higher sales and marketing costs the benefits of which should show through in the future. The share price declined 18.9% to 68.5p, which is eight times forecast earnings.
Premier African Minerals (LON: PREM) is in discussions with Canmax to extend the longstop date for the prepayment and offtake agreement for the Zulu lithium and tantalum project. Operational improvements have been made but there has been a shortage of ore feed. Operating for a period of 30 days should provide the data required to assess long-term performance. It will take a while to build up the stock of ore to achieve this. The 2025 accounts have still not been published. The share price slipped 18.8% to 0.01625p.
CleanTech Lithium (LON: CTL) says the Special Lithium Operating Contract (CEOL) approval process in Chile is taking longer than expected and the approval will not be received before the end of June. The company says that the government is supportive of the Laguna Verde lithium project and the CEOL is expected to be signed this year. The share price dipped 6.4% to 5.85p.
Ex-dividends
Duke Capital (LON: DUKE) is paying a dividend of 0.7p/share and the share price decreased 0.5p to 26.5p.
Frenkel Topping (LON: FEN) is paying a final dividend of 0.5p/share and the share price is unchanged at 50p.
Peel Hunt (LON: PEEL) is paying a final dividend of 4.9p/share and the share price fell 6p to 99p.
Panther Securities (LON: PNS) is paying a final dividend of 6p/share and the share price is unchanged at 285p.
Serica Energy (LON: SQZ) is paying a final dividend of 10p/share and the share price slipped 18.2p to 220p.
Serabi Gold (LON: SRB) is paying a final dividend of 5p/share and the share price dipped 5p to 277.5p.
Tatton Asset Management (LON: TAM) is paying a final dividend of 15p/share and the share price declined 9p to 735p.
Vertu Motors (LON: VTU) is paying a final dividend of 1.15p/share and the share price rose 0.1p to 74.40.
Wynnstay Properties (LON: WSP) is paying a final dividend of 18p/share and the share price is unchanged at 860p.