Aquis weekly movers: SulNOx requisition

Fuel additives supplier SulNOx Group (LON: SNOX) has received a general meeting requisition from RemNOx Ltd, which wants to remove chairman Radu Florescu and appoint three new directors. It also wants to remove chief executive Ben Richardson. RemNOx is controlled by Angela Bravo. The share price jumped 50% to 7.5p.

Semper Fortis Esports (LON: SEMP) raised £100,000 at 0.1p a share. This will take the cash pile up to £500,000. Costs have been brought down to a minimum. The share price recovered 16.7% to 0.175p.

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Marula Mining (LON: MARU) published its quarterly activities update. This was an active quarter. There is an increasing focus on battery metals. The company is debt free. The share price rose 14.6% to 12.75p ahead of the planned move to AIM.

Mears (LON: MER), which is fully listed as well as being listed on the Aquis equivalent of the Main Market, reported 2022 pre-tax profit of £35.2m and higher than expected average net cash of £42.9m. The dividend has been increased by 31% and a £20m share buy back has been launched. The order book covers 98% of 2023 forecast revenues – pre-tax profit is likely to be flat. The share price improved 6.13% to 216.5p.

Equipmake Holdings (LON: EQIP) has been awarded a £1.6m grant, on a matched funding basis, to help it further develop its electrification technology for electric vehicles. The share price rose 5.88% to 9p, which is a new high.


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Goodbody Health Inc (LON: GDBY) shares continue to decline following the previous week’s news of the decision to leave Aquis. The share price has halved to 0.45p.

Technology investment company Asimilar (LON: ASLR) is leaving AIM, but it will retain its Aquis quotation. Trading in the shares recommenced following the publication of the latest accounts and the price fell by one-fifth to 1.25p. Chris Akers raised his shareholding from 9.13% to 10.3% and that helped the share price to recover from its low during the week. At the end of September 2022, net assets were 5.53p a share. A general meeting will be held on 18 May and the AIM cancelation should happen on 26 May.

Shares in Kasei Holdings (LON: KASH) fell to a new low. At the end of January 2023, there were net assets of £2.05m, including cash of £473,000. Since then, £164,000 has been raised from Aalto Capital at 12p a share. However, this is less than the £500,000 expected. The share price slumped 17.4% to 9.5p.

Convertible loan notes worth £161,000 were converted into Valereum (LON: VLRM) shares at 4.7112p a share. The share price fell 14.4% to 4.75p.

DXS International (LON: DXSP) has received NHS Accreditation for the NHS IM1 Pairing Integration API, which provides read and write access to GP patient data. The share price declined 5.56% to 4.25p.

Wishbone Gold (LON: WSBN) has published exploration data for the Cottesloe project in Western Australia. This shows high grades of silver, cobalt, lead and zinc. The share price slipped 3.64% to 2.65p.

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