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AIM WINNERS & LOSERS: RWS rises; Union Jack Oil withdraws warrant vote

ALN

The following stocks are the leading risers and fallers on AIM on Wednesday.

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AIM - WINNERS

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Symphony Environmental Technologies PLC, up 5.9% at 7.94 pence, 12-month range 14.00p-2.50p. The Hertfordshire, England-based biodegradable plastic technology developer says a study by the Royal Society shows the need for its d2w technology. ‘This research from the Royal Society demonstrates the urgent need to make plastic so that it will safely biodegrade instead of floating around for many decades and creating microplastics,’ the firm says. It adds that the solution ‘is already here’ and just needs to be more widely adopted. ‘The Royal Society’s findings confirm what we’ve known for years-conventional plastics create a serious problem if they get into the open environment,’ says Chief Executive Officer Michael Laurier. ‘We urge governments, brands, and manufacturers to include a d2w masterbatch without further delay into all flexible plastic applications to prevent further long-term environmental harm.’

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RWS Holdings PLC, up 3.8% at 83.27p, 12-month range 188.00p-60.80p. The language services provider recovers after falling on Tuesday when it said full year revenue for the 12 months to the end of September, on an organic constant currency basis, was ‘broadly in line’ with the prior year. On Wednesday, Deutsche Bank Research cuts its price target to 175p from 195p, but maintains its ’buy’ rating on the stock.

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AIM - LOSERS

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Hargreaves Services PLC, down 3.0% at 656.00p, 12-month range 798.00p-479.50p. The Durham, England-based industrial services company says all three of its units have performed in line with expectations in the first four months of the year. The firm says it is confident of delivering full-year results in line with market expectations. The company puts consensus market expectations for the 12 months to the end of May 2026 at revenue of £270.9 million and pretax profit of £24.2 million. ‘The positive momentum in the infrastructure sector has continued into the current financial year benefitting our Services business. Work continues on the major projects at HS2 and Sizewell C Nuclear Power Station where the group is utilising its broad skill set to bring these critical infrastructure projects to life,’ says Chair Roger McDowell.

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Union Jack Oil PLC, down 1.6% at 4.33p, 12-month range 13.50p-4.20p. The onshore exploration, development and production firm withdraws a resolution to approve the issue of 40.0 million fundraise warrants and up to 36.6 million bonus warrants. Therefore, the firm cancels the general meeting. A resolution to approve the issue of the 40.0 million warrants was withdrawn from Union Jack’s general meeting in August after feedback from shareholders, who wanted warrants as well. As a result, Union Jack proposed to additionally issue up to 36.6 million bonus warrants on the basis of one bonus warrant for every four shares already held. Union Jack on Wednesday withdraws the resolution and meeting as it says 14% of share capital voted for the resolution at the close of proxy voting on Tuesday, while 12% of total share capital was against. The firm says it is unlikely that the special resolution would pass. ‘The board remains of the view that it would be in the interests of all shareholders in the company to share in its future growth and success, but has noted the views of shareholders regarding the resolution put forward. The board remains open to constructive engagement with shareholders,’ Union Jack Oil says.

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