TRADING UPDATES: Caledonia Investments sells Stonehage Fleming stake

Mon, 01st Jun 2026 19:21

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling operator - Non-Executive Director Ivan Schofield, alongside his spouse Helen Schofield, sells 89,991 shares at an average of 308.11 pence each on Friday in London. Sells 53,391 of these at 309.56p, and 36,600 at 306.00p.

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TPXimpact Holdings PLC - London-based technology-enabled services company - Wins a two-year contract worth GBP16 million with the UK Ministry of Justice. Says it will deploy a range of multidisciplinary product teams to support transformation programmes in the Legal Aid Agency and across the wider MoJ estate. This will include the replacement of complex legacy systems and delivery of advanced legal aid experiences, it says. Adds that the contract is part of a wider GBP350 million investment to build "a world-class justice system that addresses system pressures and improves outcomes for all justice users." Says the contract brings its total new business for the first two months of financial 2027 to GBP31 million. TPXimpact intends to announce preliminary full-year results for financial 2026 on Tuesday, June 16.

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Great Western Mining Corp PLC - Nevada-focused gold, silver and copper explorer - Says initial exploration work programmes have been completed across the 3 kilometre corridor between its Defender-Pine Crow Tungsten Project in Nevada, and the existing M2 copper resource. Says exploration includes the geological mapping of skarn occurrences and four new machine-cut tranches. Says new grab samples from skarn occurrences have been submitted for assay, as have all samples from the trenches. These include one trench at the historic workings known as the Widowmaker Mine, which Chief Executive Ed Loye calls "especially encouraging". Says it "extends exploration activity further west along strike towards M2, supporting our view that this is part of a much larger mineralised trend." Adds: "With drilling scheduled to commence in July, we now look forward to the next phase of work and to receiving the assay and metallurgical results in due course."

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Lexington Gold Ltd - gold explorer, with assets in the US and South Africa - Jelani Resources (Pty) Ltd, its joint venture vehicle with Harmony Gold Mining Co Ltd, has its mining right application for the Jelani JV Project in South Africa accepted by the Department of Mineral & Petroleum Resources. Says the Jelani JV Project is an incorporated JV between Lexington subsidiary White Rivers Exploration Proprietary Ltd, and Harmony subsidiaries Lorraine Gold Mines Ltd and Avgold Ltd. The project can now proceed to the next phase of the statutory review and environmental authorisation processes. Non-Executive Chair Edward Nealon says the formal acceptance "is a very pleasing and important milestone". Adds: "The proposed mine-works programme has been developed with reference to the proximity of Harmony's adjacent Target operations, including the potential utilisation of existing shafts and processing infrastructure, where available and appropriate and subject to prior approval by Lorraine, Avgold and Harmony."

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hVIVO PLC - London-based contract research organisation testing vaccines for infectious and respiratory diseases - Signs a consultancy contract with Decoy Therapeutics to support the development of Decoy's respiratory antiviral candidates. Says Decoy's designable multi-antiviral candidates are a new antiviral category. hVIVO says it will provide consultancy services across multiple areas, including translational modelling, regulatory strategy, and the preparation of key documentation for European and UK clinical trial submissions. Says the consultancy is intended to support Decoy's clinical development strategy, including first-in-human dose selection, translational pharmacology planning and readiness for future clinical studies. Adds that Decoy plans to conduct early proof-of-concept and likely follow-on studies with hVIVO, subject to successful programme progression and its ability to secure future financing. "This contract highlights the breadth of expertise available through hVIVO's integrated platform, supporting clients from preclinical and regulatory strategy through to clinical development and proof-of-concept studies," comments hVIVO Chief Executive Officer Yamin Khan.

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Caledonia Investments PLC - London-based trust investing in public and private companies - Completes the sale of its minority interest in Stonehage Fleming Family & Partners Ltd to US-based wealth manager and advisor Corient Private Wealth LLC. Stonehage Fleming is "a multifamily office providing advisory services to many of the world's leading families and wealth creators". Says Stonehage Fleming has achieved strong cross-border growth since Caledonia acquired its initial stake in July 2019. Caledonia receives net cash proceeds of GBP290 million for the stake, including the proceeds that were previously expected six and twelve months post completion. Adds that the contingent consideration has been confirmed as a payment of approximately GBP4 million, split between two and three years following completion. Combined with dividends received to date, the proceeds represent a multiple on invested cost of 3.2 times, an IRR of 20% and a 33% uplift compared with the carrying value at March 31. "The realisation further strengthens Caledonia's liquidity position and provides additional flexibility to support future investment opportunities," Caledonia says. CEO Mat Masters comments: "The sale of Stonehage Fleming is a fantastic outcome for Caledonia and an excellent example of our approach - investing in high quality compounding businesses and supporting management teams as they scale."

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By Emma Curzon, Alliance News reporter

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