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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Cellular Goods PLC, up 8.7% at 2.99 pence, 12-month range 2.50p-11.70p. Notes UK Food Standards Authority current position is that any new products in company’s ingestibles range not on sale before February 2020 are not eligible for the public list and therefore should not be available for sale. Company’s branded products are manufactured and supplied by Chanelle McCoy Health, whose products are validated and included on the FSA’s permitted list. Adds: ‘Cellular Goods is currently considering its position pending advice from the company’s advisers and is also seeking further clarification on the FSA’s stance, considering that these products are identical to the validated products from CMH. The company’s skincare range, which accounts for the bulk of its overall sales, remains unaffected.’
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SMALL-CAP - LOSERS
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Polymetal International PLC, down 17% at 221.69 pence, 12-month range 92.02p-1,729.00p. The St Petersburg-based gold miner concludes it is ‘no longer appropriate’ to recommend or declare the final dividend payment for 2021 that was due to be put to shareholders for approval at the annual general meeting scheduled for later in April. It has decided to postpone the decision on the dividend payment to August. ‘We have thoroughly reevaluated the board’s march recommendation on dividends taking into account recent changes in macro and regulatory environment and unanimously have come to a conclusion that the payment decision should be postponed in order to sustain the stability and liquidity of the business,’ says Chair Riccardo Orcel.
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