The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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i-nexus Global PLC, up 15% at 4.3 pence, 12-month range 2.53p-5.4p. The software company plans to raise £500,000 through the issue of fixed rate unsecured convertible redeemable loan notes. Says fundraise will provide ‘much needed’ additional working capital, which will allow its ‘emerging sales and pipeline momentum to be reflected within operating results and cashflow’. The 2023 convertible loan notes will be unlisted and non-transferable, it says.
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AIM - LOSERS
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Live Co Group PLC, down 26% at 1.7p, 12-month range 1.31p-7.03p. The live events, entertainment and sports events company says whilst the preparation of its 2022 financial statements have been ongoing, the accounts are unlikely to be published by June 30, as required by the AIM listing rules. Says it has appointed MHA MacIntyre Hudson, part of Baker Tilly International, as its new auditors. It says that it has now engaged additional resources to ensure the publication of its results by July 31. Accordingly, the company shares will be suspended from July 3.
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Bushveld Minerals Ltd, down 12% sat 3.16p, 12-month range 3.0p-7.7p. The South Africa-focused vanadium producer and energy storage solutions company says revenue in 2022 was $148.4 million, up 39% from $106.9 million a year ago. Pretax loss was $36.8 million, narrowing from a loss of $38.9 million the year prior. Bushveld says its profits were hit by the effects of the war in Ukraine and loadshedding in South Africa, as well as its Vanchem plant failing to meet production targets.Separately, says it has appointed Craig Coltman as its new chief executive from July 1, when current CEO Fortune Mojapelo will step down. Coltman is the former chief financial officer of De Beers Consolidated Mines, and is the chair of the De Beers Pension Fund.
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