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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Global Smaller Cos Trust PLC - Investor in global small caps - Gains on investments total £137.5 million in year to April 30, swung from a loss of £53.1 million a year ago. Net return before finance costs and taxation swings to £149.2 million from a £40.03 million loss. Basic and diluted return per share swings to 33.83 pence from a 9.06p loss. On Friday, said net asset value per share was 196.01 pence as at April 30, up 19% from 164.67p a year prior. Declares a total dividend of 3.15p, up 5.0% from 3.00p. It was the 56th consecutive annual dividend increase. ---------- EMV Capital PLC - life sciences-focused investor - Says portfolio company Glycotest Inc completes a $3.2 million first tranche fundraising, while ProAxsis Ltd completes a share capital reorganisation ahead of a planned fundraising of up to £1.0 million. Both transactions result in the companies ceasing to be consolidated subsidiaries of EMV from June 30. The Glycotest fundraising, led by EMV Capital Partners Ltd, comprises $1.1 million in cash and $2.2 million through the conversion of existing loans and accrued interest. The group converted $970,000 of its convertible loan, leaving $370,000 available for possible conversion in future funding rounds. Glycotest may raise a further $2.0 million within 120 days. ProAxsis completed the reorganisation to qualify as an enterprise investment scheme qualifying company. The reorganisation enables the planned fundraising of up to £1.0 million, including up to £900,000 in cash and £100,000 through the conversion of liabilities under a pre-agreed arrangement with Randox Laboratories. ---------- Distribution Finance Capital Holdings PLC - Manchester, England-based provider of financing solutions for dealers and manufacturers in the UK - Enters into a new ENABLE guarantee facility with the British Business Bank on facility terms more closely aligned to its lending strategy. Says this allows it to support more small and medium-sized enterprise lending to its manufacturer, dealer and distributor customers with a pool size of up to £350 million of loans. Commercial terms remain unchanged. Chief Executive Officer Carl D’Ammassa says: ‘This successor ENABLE Guarantee with the British Business Bank is a critical ingredient that supports the expansion of our lending capacity through 2028 and in line with our strategic plan. Built on our track record and experience of our previous arrangements, this latest iteration has been specifically structured to better align with our specialist lending model, strengthening our ability to provide finance to UK SMEs. It reinforces a key pillar of our capital strategy, enabling us to continue to deliver our ambitious plans whilst helping more businesses access the funding they need to support their growth.’ ---------- ACG Metals Ltd - Tortola, British Virgin Islands-based miner focused on acquiring and consolidating copper assets - Achieves commercial gold recovery of 85% at the Gediktepe Mine, Turkiye through introducing a new product to the metallurgical recovery process, compared to 75% previously. The new proprietary technical approach developed by ACG has been secured patent protection in Turkiye and is progressing in 35 other countries. Additionally, the new process reduces cyanide consumption by 45%. Chair and CEO Artem Volynets says: ‘These proprietary improvements in heap leach performance demonstrate the strength of our world-class technical team. As we move into the sulphide ramp-up phase and copper production, disciplined process control and recovery efficiency will be key to delivering performance and optimising cash flow.’ ---------- Home REIT PLC - London-based investor in the UK social housing sector - Updates on the sale of the remaining properties in its portfolio. Expects 4 properties to be auctioned in July 2026. Regarding shareholder returns, reiterates that its ability to make distributions continues to be constrained while it faces potential group litigation or other claims. Notes the pre-action letter of claim sent by Harcus Parker Limited on behalf of certain current and past shareholders in October 2023. No legal proceedings have been issued at this stage and discussions between the parties continue. ‘The company continues to incur significant costs defending itself and its former directors from shareholder related potential litigation, which will ultimately affect any return of capital to shareholders,’ Home REIT says. At June 30, has $3.4 million of unrestricted cash. Non-executive Chair Michael O’Donnell says: ‘The board is pleased with the progress of the auction process, with the entirety of the residual portfolio expected to have either been sold or auctioned by the end of July. This represents a further important milestone in the delivery of the company’s managed wind down strategy. Despite this encouraging progress on liquidating the group’s property assets, it remains a great frustration for the board that our ability to make a distribution continues to be curtailed due to threatened shareholder litigation.’ ---------- PACSCo Ltd - investment and sustainable development in Southern Africa - Updates on the agreed disposal of its Mozambique agricultural assets to Chepstow Investments Ltd. Says the Bank of Mozambique’s acceptance of the notification of the assignment to CIL of the debt funding previously provided by PACSCo to local operating entities in Mozambique remains outstanding. A further amendment to the sale and purchase agreement has been agreed to accommodate the delay. Agrees that obtaining the BOM’s acceptance shall be achieved no later than September 30 2026. Expects it to be received in July. ---------- Transense Technologies PLC - Bicester, England-based sensor technology developer - Appoints Bartec USA LLC as a distributor of its Translogik tyre inspection tools and Tiretask tyre management software in the US. Bartec is a supplier of tyre pressure monitoring system tools and diagnostic solutions to both the passenger vehicle aftermarket and commercial vehicle sectors. Under the agreement, Bartec will market and supply the Translogik range of tyre inspection tools and the Tiretask tyre lifecycle management software platform directly to US fleet operators. ‘The appointment represents a further step in Transense’s strategy to expand the commercial reach of its Translogik business through established industry partners,’ company says. ---------- Kainos Group PLC - London-based IT provider in three divisions of Digital Services, Workday Services, and Workday Products - Chief Financial Officer Richard McCann’s associate Kerry McCann sells 760,911 shares at 779.44 pence in London on Wednesday. Worth total £5.93 million. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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