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SMALL-CAP WINNERS & LOSERS: HydrogenOne says bad news for HH2E

Fri, 08th Nov 2024 11:16

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Aptitude Software Group PLC, up 1.4% at 337.5 pence, 12-month range 187.9p-230p. London-based autonomous finance software solution provider says it repurchased 2,200 shares at an average of 342.00p each in London on Thursday for GBP7,524 total.

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SMALL-CAP - LOSERS

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HydrogenOne Capital Growth PLC, down 24% at 28.7p, 12-month range 28.7p-62.5p. Investment fund backing clean hydrogen companies. Says investee HH2E, a Hamburg, Germany-based company which has been fundraising for its first development project at Lubmin, has been unable to secure a financing partner within the required timeframe or at the necessary scale. HydrogenOne blames "the challenging current global funding environment". Says there is now material uncertainty over whether HH2E will achieve adequate funding, and expects it to enter administration. Says it has provided around GBP1 million in shareholder loans to HH2E and notes that shareholder loans are subordinated to other creditors under German insolvency law.

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Capricorn Energy PLC, down 2.1% at 213.5p, 12-month range 142.45p-252.799p. Egypt-focused oil and gas explorer has repurchased 8,593 shares in London at an average of GBP217.48 for GBP1.9 million total on Thursday. Of these, it bought back 7,888 on the London Stock Exchange; 494 on Chi-X and 211 on BATS.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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