(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Majedie Investments PLC, up 5.9% at 239.35 pence, 12-month range 214.50p-253.18p. FTSE 250-listed Liontrust Asset Management PLC says it has agreed to buy UK peer Majedie Asset Management Ltd for up to GBP120 million in cash and shares. Liontrust will issue up to GBP97.0 million in new shares, plus pay up to GBP23.0 million in cash,. Majedie Investmentsnotes the acquisition of its investment manager, in which it holds a big stake. Majedie Investments says the deal values its 17.6% stake in Majedie AM at GBP22.4 million, plus up to GBP5.7 million in deferred consideration in 2025. It will reflect this in an update to its net asset value.
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Dev Clever Holdings PLC, up 4.8% at 30.60p, 12-month range 7.83p-47.90p. The software developer for immersive learning and career guidance wins contract with the Chinese Academy of Sciences for the deployment of virtual reality devices with its software for learning purposes. Dev Clever will initially deploy 20,000 devices for USD150 each on an annual recurring subscription basis, with initial devices to be distributed shortly after the Chinese New Year in February 2022.
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Carr's Group PLC, up 2.8% at 150.10p, 12-month range 121.00p-168.50p. The agriculture machinery distributor and engineering firm raises its dividend after upbeat annual results. For financial year that ended August 28, pretax profit jumps 10% to GBP12.1 million from GBP10.9 million last year on revenue rises 5.5% to GBP417.3 million from GBP395.6 million. Carr's declares total dividend of 5.0p, up 5.3% from 4.75p.
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Schroder European Real Estate Investment Trust PLC, up 1.2% at 106.75p, 12-month range 83.83p-112.69p. The property investor awards its shareholders a special dividend following the sale of a property in France. For the financial year ended September 30, the London- and Johannesburg-listed firm posts pretax profit of EUR9.3 million, down steeply from EUR29.3 million in the prior year. For the year, Schroder European declares total dividend of 7.1 cents, up from 5.7 cents last year. It also pays out a special dividend of 4.8 cents, reflecting the profitable sale of Boulogne-Billancourt.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Majedie Inv. (MAJE)
Carrs Group (CARR)
Schroder Eur.r (SERE)