Wellnex Life Ltd (LON:WNX) is selling its main brand Pain Away to Japan-based Rohto Pharmaceutical for up to A$21.3m. The initial cash payment of A$19.8m is payable on completion and will be used to repay debt and invest in the remaining healthcare and contract manufacturing activities. The remaining payment is dependent on performance in the 12 months after the purchase. Shareholder approval for the deal will be sought on 8 September. In 2024-25, Pain Away had revenues of A$13.4m and EBITDA of $4.36m. The rest of the business lost money. Australia based Wellnex Life raised £5.22m at 31.75p/share when it joined AIM on 21 March 2025. The share price recovered 69.2% to 5.5p.
Sunrise Resources (LON: SRES) has announced further encouraging assay results from the Reese Ridge zinc lead silver project in Nevada. The geological mapping and sampling programme is complete. There were very high-grade results from the Ridge Top prospect. The share price increased 17.9% to 0.0165p.
IP and content management Ingenta (LON: ING) is acquiring 23.9% of FirstAida, which is an early-stage legalTech business that is involved in AI software that helps IP holders to identify copyright infringement. The cost is £500,000 in shares and there is an option to buy the rest at a price linked to performance. There is a small dilution to this year’s earnings because of the share issue. The share price gained 9.45% to 69.5p.
Tekcapital (LON: TEK) says NAV per share increased from $0.27 to $0.78 during the year to June 2026. Pre-tax profit jumped from $5.4m to $144.8m. That is because the change in fair value of investments increased from $5.7m to $145m. The net cash outflow from operating activities was $2m. The share price rose 8.86% to 4.3p.
Cybersecurity services provider Corero Network Security (LON: CNS) says interim revenues were 42% ahead at $15.5m and it made a positive EBITDA. Annualised recurring revenues are 12% higher at $24.1m. Cash is $2.1m. Zeus still expects a move back into profit for the full year with a pre-tax profit of $400,000 forecast. The broker will review its forecast when the interim results are published. The share price improved 6.06% to 8.75p.
FALLERS
Video games developer Devolver Digital (LON: DEVO) plans to cancel its AIM quotation and there will be a tender offer of up to $5m at 16p/share. Shareholders are being asked to approve the proposals at a general meeting on 8 September. A further tender offer of up to $5m is planned for 12 months after cancellation. There will be annual cost savings of $1.6m, and the board does not believe that the share price reflects the recent progress, partly due to poor liquidity. Devolver Digital joined AIM on 4 November 2021 at 157p/share when the video games market was peaking and profit is well below those levels. The share price dived 60.9% to 6.25p.
Digital media business Digitalbox (LON: DBOX) says advertising and yields have improved so far this year, but the second quarter was tougher. This is because Meta changes made generating audiences more difficult and hit trading. Interim revenues were 12% lower at £1.7m and EBITDA was breakeven. Cash is £2m. Audience session volumes could remain lower, and revenues will continue to be weaker. Full year figures will be below expectations – operating profit has been expected to be £690,000. This is partly due to investment in the Creator Network, which will help with the Meta changes. The share price declined 16.7% to 5.25p.
Alien Metals (LON: UFO) chief executive Vincent Fayad has become non-executive director of West Coast Silver, the joint venture partner in the Elizabeth Hill silver project. Bruce Garlick has left the Alien Metals board. The share price fell 5.56% to 0.085p.
Ex-dividends
Anglo Asian Mining (LON: AAZ) is paying an interim dividend of 3p/share and the share price decreased 3p to 410p.
CML Microsystems (LON: CML) is paying a final dividend of 6p/share and the share price dipped 15p to 275p.
Nichols (LON: NICL) is paying an interim dividend of 20.2p/share and the share price dropped 15p to £10.40.
Potter & Moore (LON: PAM) is paying a final dividend of 0.55p/share and the share price slipped 0.5p to 22p.
TruFin (LON: TRU) is paying a dividend of 43.03p/share and the share price fell 42.5p to 97.5p.