(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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Verici Dx PLC, up 74% at 10.0 pence, 12-month range 4.53p-19p. The Cardiff, Wales-based developer of clinical diagnostics for organ transplants signs an exclusive global licensing agreement with Thermo Fisher Scientific Inc to further develop an assay for pre-transplant prognostic testing for the risk of early kidney rejection. It expects around USD5 million in payments from Thermo Fisher over the next 12 months, with a further payment thereafter, alongside ongoing royalties on tests sold.
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Atlantic Lithium Ltd, up 20% at 24.89p, 12-month range 16.15p-48.85p. The lithium exploration and development company, with assets in Ghana and Ivory Coast says it rejected a non-binding offer takeover from its major shareholder Assore International Holdings Ltd, which offered 33p per share. Also notes it had rejected a prior offer from Assore at the same price. "The Atlantic [independent board committee] and its advisers gave careful consideration to [both offers], and determined in each instance that it undervalued Atlantic Lithium and, therefore, was not in the best interests of shareholders," the firm says. Atlantic adds its relationship with Assore remains "supportive and constructive".
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AIM - LOSERS
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Aurrigo International PLC, down 26% at 109p, 12-month range 69.36p-174.00p. The provider of autonomous and semi-autonomous vehicle technology to the aviation, ground handling and cargo industries says it intends to carry out a placing of 3.5 million shares at a price of 100p to raise GBP3.5 million. This is a discount of 32% to its Tuesday closing price. Will also conduct separate retail offer to existing shareholders. Says funds will be used to progress new partnerships - including with International Consolidated Airlines Group SA-, to service anticipated growth, continue developing its products and technology, to capitalise on future opportunities and as working capital. More specifically, this will comprise investing in customer rollout, additional staff and IT systems.
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By Elizabeth Winter, Alliance News senior markets reporter
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Aurrigo (AURR)
Atlantic Lithium (ALL)
Verici Dx (VRCI)