SMALL-CAP WINNERS & LOSERS: Keystone details winding-up proposal

(Alliance News) - The following stocks are the leading risers and fallers among London Main ...

Alliance News 6 December, 2024 | 11:23AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

----------

SMALL-CAP - WINNERS

----------

Liontrust Asset Management PLC, up 3.6% at 474.02 pence, 12-month range 415.5p-855p. The London-based specialist fund manager says it repurchased 10,000 shares at an average of 456.50p each, for GBP45,650 in total, in London on Thursday. Share capital now totals 64.9 million shares, giving Liontrust a market capitalisation of GBP292.1 million.

----------

Severfield PLC, up 2.6% at 49.85p, 12-month range 46.4p-89p. The York, England-based structural steel contractor says it repurchased 150,000 shares at an average of 49.00p each, in London on Thursday, totalling GBP73,500. Severfield has a market capitalisation of GBP139.4 million.

----------

SMALL-CAP - LOSERS

----------

Keystone Positive Change Investment Trust PLC, down 1.9% at 252.98p, 12-month range 204p-258p. Issues circular regarding its voluntary winding-up proposal. Says shareholders will be eligible to receive either cash or a rollover option of new shares in

the Baillie Gifford Positive Change Fund. The company announced the winding-up proposal on September 30. Says it considers the scheme of reconstruction and winding-up proposals to be in shareholders' best interests and recommends voting in favour. Explains that despite confidence in its strategy's long-term prospects, it "recognises that there has been a challenging period of performance during a difficult backdrop for the investment trust sector" and that it "recognises that the company has not received sufficient support from shareholders to allow the strategy the time needed to play out".

----------

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Keystone Positive Change Investment Ord 254.00 GBX 0.00
Liontrust Asset Management PLC 487.50 GBX -0.31 -
Severfield PLC 52.60 GBX -4.01 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures