The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Kooth PLC, up 43% at 244.80 pence, 12-month range 107.00p-276.00p. The digital mental health platform is selected as a primary vendor partner by the California Department of Health Care Services. Kooth will deliver its digital mental well-being platform for children and young adults. The deal forms part of California Governor Gavin Newsom’s planned $4.7 billion investment in youth behavioural health.
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Hurricane Energy PLC, up 4.8% at 7.20 pence, 12-month range 5.70p-11.98p. Agrees to be acquired by Prax Exploration & Production PLC. Shareholders stand to receive 12.50p per share under the deal, £249.0 million in total. There will be a 0.83p per share cash consideration, worth £16.5 million, and 3.32p transaction dividend per share, worth £66.1 million. In addition, each Hurricane shareholder is entitled to receive a 1.87p per share supplementary payout, about £37.2 million in total, as well as a deferred consideration of 6.48p per share, £129.1 million in total. The 12.50p per share total sum is an 84% premium to Hurricane’s 6.80p per share closing price on November 1, the day before it entered a formal sale process.
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AIM - LOSERS
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In The Style Group PLC, down 14% at 1.14p, 12-month range 1.00p-98.00p. The online clothing retailer’s downward spiral continues on Thursday. Earlier in March, the company agreed to sell its only operating subsidiary, In The Style Fashion Ltd, for £1.2 million cash. This made the company a cash shell, under AIM rules. Since that announcement, shares have fallen more than 80%.
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