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SMALL-CAP WINNERS & LOSERS: NB Global plans to give back GBP24 million

25th Oct 2023 09:57

(Alliance News) - 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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NB Global Monthly Income Fund Ltd, up 3.1% at 75.23 pence, 12-month range 70.20p-80.22p. NB Global invests in traditional credit, such as bonds and loans, and in alternative credit, such as distressed credit and mezzanine. It intends to distribute GBP23.5 million to shareholders by way of a partial compulsory redemption of shares. It says the redemption date is November 13. NB Global will redeem about 41% of existing shares. The compulsory redemption will be effected at 80.77p per share, which is equal to the company's net asset value per share on October 23.

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Henry Boot PLC, up 6.7% at 190.00p, 12-month range 177.50p-255.00p. The property developer shares rise, after falling recently. In the last 12 months the stock is down 21%, and in the year-to-date the shares are down 19%.

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SMALL-CAP - LOSERS

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Xaar PLC, down 3.6% at 172.00p, 12-month range 154.00p-215.00p. Davy starts the inkjet printing technology company with 'outperform', and a price target of 200p.

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By Sophie Rose, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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