The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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RM Infrastructure Income PLC, up 6.2% at 77.18 pence, 12-month range 67.00p-80.20p. The Edinburgh-based investor, which is focused on secured debt instruments of UK small and medium-sized enterprises, announced plans for a tender offer of up to £20 million to be made to shareholders. The offer comes with a notice for a general meeting on September 25, and follows the start of a managed wind-down process, which began in December. Accordingly, RM Infrastructure will undertake the offer for a minimum of £16 million, in order to return capital to shareholders from the proceeds of the loans that have been repaid to the firm.
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SMALL-CAP - LOSERS
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Vp PLC, down 1.3% at 681.29p, 12-month range 460.00p-745.00p. The equipment rental company sees shares fall, after a good start to 2024. In the year-to-date, the stock is up 9.4%. The slight slip comes ahead of Vp’s first quarter results, which are expected to be published on Wednesday. In June, the firm posted annual pretax profit of £2.8 million, down from £30.7 million a year prior, while revenue edged down by 0.8% to £368.7 million from £371.5 million. At the time, Vp noted a ‘solid’ start to the new financial year, which it expected to be in line with expectations. However, it did note that there were still headwinds in the housebuilding market, thanks to a slight drop in activity levels.
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