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Pin to quick picksMarstons Share News (MARS)

Share Price Information for Marstons (MARS)

London Stock Exchange
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Share Price: 37.10
Bid: 36.70
Ask: 37.25
Change: -0.30 (-0.80%)
Spread: 0.55 (1.499%)
Open: 39.00
High: 39.00
Low: 36.65
Prev. Close: 37.40
MARS Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Pantheon Infrastructure mulls buybacks

Fri, 31st Mar 2023 10:28

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Marston's PLC, up 3.1% at 36.71 pence, 12-month range 33.38p-83.5p. The pub chain says its bank and private placement debt facilities have been extended to the end of January 2025. Says the revised debt facilities total GBP340 million, and replace its existing GBP280 million facility. It comprises a GBP300 million revolving credit facility with all its existing and two new banks, and a reinstatement of its GBP40 million private placement. Also notes trading its in line with its expectations, and will announce interim results on May 16.

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Pantheon Infrastructure PLC, up 8.1% at 85p, 12-month range 74.4p-110.5p. The investment fund focusing on infrastructure interests says it's considering a share buyback for up to GBP10 million. This is due to recent share price weakness, which "materially undervalues its portfolio and prospects", it says. Says share buybacks would be an "attractive use of capital", and it would retain enough capital to invest in its pipeline and maintain dividend payments.

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SMALL-CAP - LOSERS

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De La Rue, down 2.5% at 53.62p, 12-month range 50.58p-118.8p. The banknote printer receives a requisition notice for a general meeting. The notice comes from shareholder Crystal Amber Fund Ltd, which holds a 9.8% stake in the firm. Crystal Amber proposes to remove Chair Kevin Loosemoore, and replace him with Pepyn Dinandt. Crystal Amber has hit out at the firm several times in recent months, having previously called for Loosemore to resign. De La Rue notes that a general meeting was called in December for the same proposal, with 95% of votes - aside from Crystal Amber - in favour of Loosemore staying in post.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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