Shares in Fiinu (LON: BANK) have risen a further 45% to 14.5p following the previous week’s news about the reverse takeover of Poland-based foreign exchange brokerage Everfex. The initial payment of £8m will be satisfied by the issue of 80 million shares at 10p each. Everfex made a pre-tax profit of more than £600,000 for the four months to April 2025. The readmission should be on 27 August.
Canada-based antimicrobial treatments developer Ondine Biomedical Inc (LON: OBI) says the American British Cowdray Medical Center in Mexico City will pilot Steriwave nasal photodisinfection from September. This will help to reduce surgical infections. The share price recovered to 27.5% to 16.25p.
Rent guarantee services provider RentGuarantor Group (LON: RGG) moved from Aquis to AIM on Friday. The switch has been made ahead of law changes that will provide additional growth potential for the business. The share price rose from the close on Thursday of 27.5p to 35p.
Active Energy Group (LON: AEG) has executed heads of terms to develop a 150MW battery energy storage system in the Vale of Glamorgan in partnership with Fonmon Castle, which will provide ten acres on a 30-year lease. Active Energy Group will invest £40,000 and will get that back once planning consent is received. It will also receive 5% of the first year’s rent of £300,000. James Voce has been appointed corporate development director. The share price is 26.6% ahead at 0.15p.
Premier Miton has raised its stake in Firering Strategic Minerals (LON: FRG) from 5% to 11.9%. The share price improved by one-quarter to 1.875p.
FALLERS
The UK authorities have decided not to provide a gas storage licence to EnergyPathways (LON: EPP) for the natural gas and hydrogen storage elements of its MESH project. A S35 planning application for the major elements of the MESH project will be submitted as a step in the process to obtain consents from the UK government. If it is granted, then the parts of the project in the submission will be assessed under the 2008 Planning Act. The share price dived 64.2% to 2.2p.
Mobile Tornado (LON: MBT) is asking for shareholder approval to leave AIM. There is limited liquidity and one major shareholder in the mobile communications technology company, so the quotation is not worth the cost. The board intends to seek a buyer in the next two years and believe it would be easier as a private company. The plan is to leave on 9 September. The share price slumped 57.1% to 0.6p.
At the AGM, former Goldstone Resources (LON: GRL) chairman Bill Trew revealed confidential information about an offer for the company that was rejected by the board. Angela List was not re-elected as a director having received 19.2% of votes in favour of her role. Campbell Smyth was re-elected with 62.7% of the votes. A resolution to allow the issue of more shares received 62.96% of the votes, but it required 75% to go through. Discussions continue with potential providers of funds, and it will have to call a general meeting to allow it to issue more shares. The share price declined 45.8% to 0.325p.
Versarien (LON: VRS) intends to accelerate the sales process of the remaining parts of the group, while it tries to secure additional finance for the group. If the disposals happen the proceeds are unlikely to cover liabilities and Versarien would be placed in administration. The share price slipped a further 36.8% to 0.012p.