SMALL-CAP WINNERS & LOSERS: Photo-Me takeover gets few acceptances

(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 - LOSERS

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Cloudbreak Discovery PLC, down 6.1% at 9.60 pence, 12-month range 1.43-13.50p. The natural resource project generator raises GBP1.5 million in share placing, to advance various project generation initiatives and for working-capital purposes. Cloudbreak places 20 million shares at 7.50p each, representing a 20% discount to Monday's closing price of 10.22p.

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Photo-Me International PLC, down 1.6% at 71.86p, 12-month range 48.87p-79.70p. Takeover offer for photo booth operator from Chief Executive Officer Serge Crasnianski's Tibergest Ltd receives acceptances from just 0.01% of shares. Crasnianski now owns or has acceptances for 36.5% of Photo-Me shares with the offer set to close on March 8.

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JPMorgan Russian Securities PLC, down 14% at 300.00p, 12-month range 292.00p-894.00p. Raven Property Group Ltd, down 45% at 21.00p, 12-month range 15.00p-126.85p. Hyve Group PLC, down 8.0% at 62.57p, 12-month range 62.30p-158.20p. Shares in the companies - significantly exposed to Russian business - fall sharply as conflict in Ukraine intensifies. Raven invests in Russian commercial property; Hyve organises business events in Russia.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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