(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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River & Mercantile Group PLC, up 2.3% at 264.90 pence, 12-month range 203.16p-326.87p. Receives change in control approval from the FCA for takeover by AssetCo PLC. R&M thus plans to proceed with GBP190 million shareholder return via B share scheme. "Now we have secured the green light from the FCA we can look forward to the next stage of our journey as an integrated part of AssetCo, with a strong balance sheet that we will invest in people, technology and making the business a compelling place to work," says Chief Executive Alex Hoctor-Duncan. Shares in AssetCo PLC are untraded.
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SMALL-CAP - LOSERS
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Lookers PLC, down 7.4% at 65.3p, 12-month range 53.59p-102p. The car dealer goes ex-dividend on Thursday, meaning new buyers no longer qualify for the latest payout.
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By Lucy Heming; lucyheming@alliancenews.com
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Assetco (ASTO)