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AIM WINNERS & LOSERS: WH Ireland rise continues after Team approach

ALN

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

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AIM - WINNERS

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WH Ireland Group PLC, up 19% at 3 pence, 12-month range 0.4p-3.1p. Extends Thursday’s surge, seeing shares more than double, after receiving an indicative all-share proposal from Team PLC, offering 0.195 Team shares per WH Ireland share. The board is assessing the approach, but emphasises there is no certainty of a firm bid. Team has until December 10 to formalise an offer.

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Microsalt PLC, up 4.3% at 60.5p, 12-month range 47.5p-85p. Says unaudited sales for the ten months to October 31 reach $1.66 million, leaving the company ‘confident’ that full-year revenue will exceed its original $2.0 million expectation. The salt-reduction technology firm cites accelerating demand across its bulk B2B business and growing visibility on forward orders. The company highlights strengthened volume projections from ‘Customer 3’, one of the world’s largest food, soft drink and snack manufacturers, according to MicroSalt. Company says it has now received the first bulk purchase order linked to a new North American product rollout expected to begin in Q2 2026, with sales from that single item forecast to exceed $5 million in 2026, rising to $11 million in 2027. The company expects similar orders on a roughly monthly basis. MicroSalt has also signed a non-binding four-year joint development term sheet with Customer 3 to co-develop global sodium-reduction solutions. On the back of secured and projected volumes, MicroSalt now forecasts $7 million in revenue for 2026, rising to more than $15 million in 2027. CEO Rick Guiney says the updated projections reflect the company’s strategy to build a ‘long-lived, sustainable organisation’ delivering both healthier ingredients and strong investor returns.

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AIM - LOSERS

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Steppe Cement Ltd, down 5.6% at 17p, 12-month range 13.5p-21p. Says it plans a capital repayment of about 1.5p per share, to be effected through a capital reduction under the Labuan Companies Act. The return of cash totals $4.4 million, with no change to the 219 million shares in issue. The proposal requires shareholder approval at an EGM on December 5 in Kuala Lumpur.

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