(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Kooth PLC, up 43% at 244.80 pence, 12-month range 107.00p-276.00p. The digital mental health platform is selected as a primary vendor partner by the California Department of Health Care Services. Kooth will deliver its digital mental well-being platform for children and young adults. The deal forms part of California Governor Gavin Newsom's planned USD4.7 billion investment in youth behavioural health.
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Hurricane Energy PLC, up 4.8% at 7.20 pence, 12-month range 5.70p-11.98p. Agrees to be acquired by Prax Exploration & Production PLC. Shareholders stand to receive 12.50p per share under the deal, GBP249.0 million in total. There will be a 0.83p per share cash consideration, worth GBP16.5 million, and 3.32p transaction dividend per share, worth GBP66.1 million. In addition, each Hurricane shareholder is entitled to receive a 1.87p per share supplementary payout, about GBP37.2 million in total, as well as a deferred consideration of 6.48p per share, GBP129.1 million in total. The 12.50p per share total sum is an 84% premium to Hurricane's 6.80p per share closing price on November 1, the day before it entered a formal sale process.
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AIM - LOSERS
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In The Style Group PLC, down 14% at 1.14p, 12-month range 1.00p-98.00p. The online clothing retailer's downward spiral continues on Thursday. Earlier in March, the company agreed to sell its only operating subsidiary, In The Style Fashion Ltd, for GBP1.2 million cash. This made the company a cash shell, under AIM rules. Since that announcement, shares have fallen more than 80%.
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By Eric Cunha, Alliance News news editor
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Kooth Plc (KOO)