(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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Nanoco Group PLC, up 47% at 62.60 pence, 12-month range 16.05p - 72.60p. The quantum dot developer says that it has agreed a term sheet for a no-fault settlement with Korean electronics firm Samsung Electronics Co. Nanoco had claimed that Samsung infringed on its unique synthesis and resin capabilities for quantum dots. Quantum dot technology is used on Samsung QLED televisions. QLED stands for quantum light-emitting diode. The two firms now have 30 days to agree the terms of a binding agreement. They have jointly requested a stay to the trial that was scheduled on Friday in order to allow time for this agreement to be finalised.
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SMALL-CAP - LOSERS
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Topps Tiles PLC, down 6.0% at 45.10 pence, 12-month range 37.00p - 67.60p. The tile retailer says it has become aware that MS Galleon GmbH has been contacting some of its shareholders individually with information which contradicts previous statements made to Topps Tiles about the link between sourcing and MS Galleon's interest in the firm. Topps Tiles says it believes MS Galleon may be preparing to launch its Nexterio tile retail brand in the UK, establishing a competitor to Tops Tiles and thus creating a "further material conflict of interest" around sourcing. Notes that over 41% of Topps Tiles shareholders have now committed to vote against the requisitioned resolutions served by MS Galleon at its annual general meeting on January 18. These resolutions request that Chair Darren Sharpland be removed from office, and that Lidia Wolfinger and Michal Martusiak be appointed as non-executive directors. Wolfinger and Bartusiak are both employees of companies owned by MS Galleon. MS Galleon currently holds 30% of Topps Tiles.
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By Heather Rydings, Alliance News senior economics reporter
Comments and questions to newsroom@alliancenews.com
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Nanoco (NANO)
Topps Tiles (TPT)