(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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Sumo Group, up 42% at 508.17 pence, 12-month range 171.5p-518p. The provider of creative and development services to the video game industry surges after agreeing to takeover offer by Chinese technology giant Tencent Holdings Ltd at an equity valuation of GBP919 million. Existing shareholder Tencent offers 513 pence per share in cash, a 43% premium to Sumo's closing price on Friday of 358.00p. Tencent already owns 8.8% of Sumo and, including these shares, has support for its offer representing 33% of Sumo's equity. It has been a shareholder since 2019.
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Audioboom Group PLC, up 8.7% at 962.2p, 12-month range 145p-1,033.33p. All Active Asset Capital says it is in "constructive discussions" with Audioboom about a possible offer for the podcast producer at GBP12.00 per share. If an offer is made, AAA said, it would consist of 12.5 new AAA shares and 200p in cash per Audioboom share. This would value Audioboom shares at GBP12.00 each, a premium of 36% to Friday's closing price of 885p. That would make the offer worth about GBP188 million. AAA has received irrevocable undertakings to accept such an offer in respect of 4.1 million Audioboom shares, representing 26% of its share capital. However, there can be no certainty that any firm offer will be made, it stressed.
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AIM - LOSERS
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Shanta Gold, down 23% at 12.4p, 12-month range 11.5p-20.5p. The gold firm reports production of 14,201 ounces of the precious metal in second quarter, restricted by lower than anticipated grades from underground mining. Output was 14,641 ounces in first quarter. Adds: "Whilst we are looking forward to the future, we are disappointed that we will be reducing this year's production guidance to 60,000 - 65,000 oz. Whilst this is partly due to a deferral of ounces to 2022 onwards, it is not the outcome we hoped for this year."
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Parsley Box Group PLC, down 16% at 140.85p, 12-month range 135p-211.8p. The ready-meal delivery firm expects first half revenue of over GBP14 million, up 26% on a year ago. Expects second half revenue growth to top that in the first half, though notes shopping behaviours are starting to normalise as virus restrictions ease. "This has had some impact on sales growth. However, the board anticipates that this effect will be short term and is confident that the accelerated shift in consumer behaviour towards our direct-to-consumer model is permanent and that the underlying growth drivers of the business and the favourable demographic trends, remain in place," it says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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