Geospatial software and services provider 1Spatial (LON: SPA) has reached agreement in principle to a 73p/share offer by VertiGIS, whose products it already distributes. That values 1Spatial at £87.1m. Shareholders owning one-third of the shares are in favour of this level of offer. Management believes that VertiGIS will help to accelerate growth. A further announcement will be made about the progress towards a recommendation. The share price jumped 41.9% to 66p.
Mindflair (LON: MFAI) investee company Vizguard has been selected by NATO for the Defence Innovation Accelerator for the North Atlantic. Vizgard is developing AI technology to enable defence and security systems to adapt and collaborate in real-time. It will receive €100,000 in non-dilutive funding and have access to NATO expertise. The Mindflair share price improved 12% to 0.7p.
CriSeren Investments has increased its shareholding in Transense Technology (LON: TRT) from 9.56% to 11.1%. The share price gained 12.2% to 137.5p.
Education software and services provider Tribal Group (LON: TRB) had a strong second half. Revenues are in line with expectations, but EBITDA is higher than the previous forecast of £15.5m. Net cash will be at least £5m at the end of the year. That will enable a special dividend of 1.5p/share and the shares go ex-dividend on 2 January. The share price increased 7.2% to 67p.
FALLERS
Syngas technology developer Eqtec (LON: EQT) says Global Investment Strategy UK is converting £75,000 of loan notes int 116.1 million at 0.0646p each. The share price slipped 29.6% to 0.1p.
Haydale Graphene (LON: HAYD) has agreed to acquire Intelligent Resource Management, which trades as SMCC for an initial £12m in shares at a notional price of 0.645p each. This deal will add consultancy and project installation to Haydale Graphene’s energy transition technologies and provide access to potential customers. A placing will raise £5.91m at 0.5p/share and a retail offer could add up to £500,000. Octopus is converting £500,000 of convertible loan notes into 417.88 million shares. The share price declined 8.33% to 0.55p.
Frasers Group has reduced its stake in online clothing retailer Boohoo (LON: DEBS) from 29% to 27.9%. The share price fell 6% to 23.5p.
Allergy Therapeutics (LON: AGY) is considering a share issue and a listing on the Hong Kong Stock Exchange in the first half of 2026. It is holding a general meeting on 29 December to gain shareholder approval to enable the issue of up to 610 million shares. The share price slid 4.65% to 10.25p.