(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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ThinkSmart Ltd, up 41% at 85.8 pence, 12-month range 23.89p-91.5p. The specialist digital payments business notes Square Inc all-share offer to buy Afterpay in a AUD39 billion deal, about USD29 billion. Afterpay is a Sydney-listed firm to which ThinkSmart sold 90% of the Clearpay payments platform in 2018. Under terms of that agreement that ThinkSmart has with Afterpay, a change of control of Afterpay gives it the right to exercise its call option to purchase the remaining shares in Clearpay from ThinkSmart at any time following the change of control. If Afterpay shares are no longer quoted on a recognised stock exchange at the time of exercise, it may only elect to pay in cash. ThinkSmart has a 10% stake in Clearpay. "The board of ThinkSmart will review the detailed terms of the announcement to assess if there is any other impact on ThinkSmart and will update shareholders in due course if required," it says.
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Catenae Innovation PLC, up 31% at 1.38p, 12-month range 0.75p-4.75p. The data management services provider signs collaboration agreement with ProMark Ltd, a specialist in material science and medical innovations. Catenae to be exclusive provider of data management services to ProMake to fulfil its position on the Public Health England National Microbiology Framework. "The Catenae board considers that it is premature to provide any guidance as to the timing or value to Catenae of this collaboration, but anticipates being able to give a more detailed update in the coming months," it says.
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Symphony Environmental Technologies PLC, up 18% at 26.45p, 12-month range 14.01p-33p. Enters into collaboration with Meditechs Global Co Ltd through the conclusion of four separate agreements on distribution, manufacturing, marketing and corporate investment. Meditech to buy at least 2.5% stake, and not more than 20% of Symphony's share capital. Can buy shares on open market or by issue of new shares at no less than 35p each. "These agreements will provide Symphony with a much stronger presence in the Far East and will give us a secure supply of gloves made with our antimicrobial and/or biodegradable technology for our growing international trade in gloves. In addition, we welcome Meditech's agreement to invest in Symphony so that our commercial and corporate interests are more closely aligned," says Symphony Chief Executive Michael Laurier.
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AIM - LOSERS
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UK Oil & Gas PLC, down 12% at 0.14p, 12-month range 0.1p-0.48p. The onshore exploration and production firm says it has been informed by Aladdin Middle East, operator of the Basur-3 appraisal well in Turkey, that the rig has performed a successful recovery to free a directional drilling assembly stuck in its 12 and a quarter inch hole section and return it safely back to surface. "AME now advise that in order to achieve the well's primary objective of appraising the Basur-1 oil discovery, a deviated mechanical sidetrack, B-3s, is now planned to test the Garzan and Mardin targets, the existing 12¼" hole section being considered unsuitable for onwards drilling," it says. Calls unforeseen delay in delivering the Basur appraisal objective "disappointing".
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By Lucy Heming; lucyheming@alliancenews.com
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