Accountability15 Feb 2026 07:27
On Wednesday a few minutes after the RNS, Sky ran a story about the potential raise stating that:
"Sky News has learnt that Synthomer, which has seen its stock crash by more than 60% over the last year, is working with bankers at JP Morgan on the prospective cash call.
City sources said a deal was not certain to proceed but that if it did so it could seek to raise more than its entire current market capitalisation of just £90m."
The RNS refers to "media speculation" but does not mention JP Morgan, so Sky got that bit of information from elsewhere.
It would be interesting to know what, if any, internal investigation is being carried out to identify how the media found out that the company had been planning a raise. Market sensitive information has been leaked resulting in tens of millions being wiped off the value of the company yet all they have said about ot is that no decisions have been made. Some heads should also be rolling in due course IMHO because somebody clearly does not understand that market sensitive information has to go through the proper channels.