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SMALL-CAP WINNERS & LOSERS: Wildcat resumes trading

ALN

The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Synthomer PLC, up 7.0% at 52 pence, 12-month range 46.05p-175p. Chief Executive Officer Michael Willome purchases 63,000 ordinary shares of the developer of polymer chemicals at a price of £0.4918 each on the London Stock Exchange on Monday, for a total value of £30,983.

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Wildcat Petroleum PLC, up 6.3% at 0.085p, 12-month range 0.055p-0.16p. The company targeting investment in upstream sector says trading in its ordinary shares resumes on the London Stock Exchange on Wednesday, following the lifting of its suspension.

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SMALL-CAP - LOSERS

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abrdn Diversified Income & Growth PLC, down 41% at 28.1p, 12-month range 28.1p-143.1p. Shares in the Edinburgh-based investor across asset classes go ex-dividend on Wednesday, meaning new buyers do not qualify for the latest payout.

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First Class Metals PLC, down 26% at 1.95p, 12-month range 0.875p-3.3p. The gold exploration company secures £500,000 in interest-free funding through a convertible loan note with an international institutional investor to advance drilling at its North Hemlo property in Ontario. The note carries a 12-month maturity, with conversion at 80% of the lowest five-day VWAP prior to conversion. The investor will also receive 7.9 million warrants, exercisable at 120% of Tuesday’s closing price of 2.65 pence. Funds will be used to launch drilling on the Dead Otter trend, targeting the 19 g/t gold anomaly and other promising zones before winter conditions halt fieldwork. CEO James Knowles says: ‘This agreement with the investor provides FCM with the immediate flexibility to advance exploration at North Hemlo, where the planned drilling campaign represents a pivotal and exciting phase for the company.’

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