(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Accrol Group Holdings PLC, up 6.6% at 33.05 pence, 12-month range 19-35.2p. The tissue converter signs a licensing agreement with Unilever PLC for the exclusive production and sale of one of its kitchen towel product under its Lifebuoy brand. Says deal is part of its strategy to expand into higher margin, third party licensed brands. "That Unilever has chosen Accrol to bring Lifebuoy kitchen towel to market is testament to the capability of our business and our increasingly strong reputation in the market," says CEO Gareth Jenkins.
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AIM - LOSERS
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Inland Homes PLC, down 26% at 7.5p, 12-month range 6p-49.8p. The brownfield site developer, housebuilder and regeneration specialist says its chair, Simon Bennett, alongside other non-executive directors have resigned with immediate effect. Inland says it has become aware of "certain related-party issues" of which its board was not informed at the relevant times. Bennett will stay on as a director for a maximum of two weeks in order to fulfil the minimum number of directors, while the company arranges permanent appointments. Should the process take longer than two weeks, Inland risks the suspension of trading in its shares. Inland maintained that this is an "unlikely" scenario. It currently intends to re-appoint one of its founders and former CEO Stephen Wicks to the board, following due diligence checks.
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Eqtec PLC, down 21% at 0.24p, 12-month range 0.21p-1.25p. The gasification company focused on turning waste into sustainable energy says its subsidiary Deeside WTV Ltd and Logik WTE Ltd have been unable to meet the agreed deadline for all completion requirements for the share purchase agreement signed back in December 2020. The agreement was amended by supplemental agreements since then. Most notable among the agreements, the sale of Logik WTE is still outstanding. The parties continue to discuss options for moving forward with the project. "The company remains highly committed to the Deeside project, to supporting Toyota Motor Co and local communities in Flintshire with clean, decarbonised solutions for waste management and energy generation," says CEO David Palumbo.
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By Elizabeth Winter, Alliance News senior markets reporter
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Eqtec (EQT)
Accrol Gp (ACRL)