Windward (LON: WNWD) is recommending a 215p/share bid from an acquisition company formed by FTV VIII. The offer values the marine tracking technology company at £216m. The bidder wants to gain greater exposure to the maritime compliance market and believes it can help to accelerate growth. The management team will be retained. Windward joined AIM on 6 December at 155p/share. That was at a time when AIM was just below its recent high. The share price jumped 42.5% to 208p.
Logistics Development Group (LON: LDG) says Nash Squared has sold its NashTech division, which means that the AIM company’s investment of £10m has been redeemed for £13.1m. Logistics Development Group has £44m in cash. A distribution of 19p/share is planned. The plan is to distribute 50% of any further realisations and NAV will be published every quarter. The share price increased 29.8% to 13.5p.
Ascent Resources (LON: AST) chief executive Andrew Dennan has purchased 550,000 shares at 1.9p each, following the sale of 2.17 million shares at 2.2023p each by C4 Energy, where he owns 25%. The share price improved 16.7% to 2.1p.
Digital mental health company Kooth (LON: KOO) has won a pilot contract in New Jersey and launched a share buyback programme of up to £1.5m to cover share-based rewards. The New Jersey contract is worth $1.45m in the pilot year. It covers 50,000 students between 13 and 18 years old. There are talks for a second US pilot. The share price rose 10.8% to 180p, which is still two-fifths lower since the end of 2023.
FALLERS
Kibo Energy (LON: KIBO) shares returned from suspension following publication of interims and declined 12.5% to 0.0105p. The figures pre-date the disposal of operating business Kibo Cyprus. Kibo Energy is now a shell seeking operations in renewable energy.
Mosman Oil & Gas (LON: MSMN) says drilling at the 20%-owned Vecta helium project will not start until next year because it has failed to secure a drill rig. Progress is being made with permit at EP-145, where Mosman Oil & Gas is the operator. The share price slipped 6.67% to 0.028p.
Investment company Mindflair (LON: MFAI) is raising £490,000 at 0.6p/share. The terms of the £1.235m of loan notes have been changed. There will be £185,000 of loan notes redeemed to reduce the principal and further principal and interest costs of £469,000 will be converted into 78.2 million shares at 0.6p each. The rest of loan notes and interest will be repaid in two tranches at the end of 2025 and 2026. The exercise of the associated warrants has been reduced from 4p to 1.6p. Sure Valley Ventures fund, SVV1, is in a realisation phase. The share price is 7.41% to 0.625p.
Ex-dividends
Aeorema Communications (LON: AEO) is paying a dividend of 3p/share and the share price fell 3.5p to 57.5p.
Duke Capital (LON: DUKE) is paying a dividend of 0.7p/share and the share price is unchanged at 30p.
Focusrite (LON: TUNE) is paying a final dividend of 4.5p/share and the share price is unchanged at 255p.
Netcall (LON: NET) is paying a final dividend of 0.89p/share and the share price is 1.5p higher at 103p.
Real Estate Investors (LON: RLE) is paying a dividend of 0.5p/share and the share price is unchanged at 29.5p.
Tavistock Investments (LON: TAVI) is paying a final dividend of 0.09p/share and the share price is unchanged at 4.25p.