RPS Group perks up after CEO tops up his stake

A look at the day's major movers, including Bango, Omega Diagnostics, AfriTin and LightwaveRF

Workers on an oil rig

John Douglas, the chief executive officer of RPS Group PLC (LON:RPS), gave the company’s share price a fillip by purchasing 69,517 shares.

Douglas paid 126.54p a share for 45,517 shares and 124.82p a pop for the other 25,000 shares, taking his stake to 526,952 shares.

RPS shares were up 5.2% at 130.4p.

11.30am: Bango rises despite share sale by the chief marketing officer

Anil Malhotra, the chief marketing officer of Bango PLC (LON:BGO, has sold 9,100 Bango shares to use up his personal capital gains tax allowance.

The shares were sold at 124p each. Malhotra’s stake has been trimmed to 5.6% of the issued share capital of the mobile commerce company.

Bango shares currently trade at 127p, up 4.5% on the day.

10.30am: Omega Diagnostics laid low by delay to its full-year results

Medical diagnostics kit supplier Omega Diagnostics Group Plc (LON:ODX) saw its shares dip 2.6% to 9.25p after it delayed the release of its full-year results.

The company said the delay was to give further time to gain clarity regarding certain ongoing commercial discussions and other post-balance sheet events.

The adjusted loss before tax from continuing operations for the year to the end of March is expected to narrow to £200,000 or thereabouts from a loss of £1mln the year before.

9.30am: AfriTin wanted after it secures working capital facility but LightwaveRF slips after placing shares to raise funds

Shares in AfriTin Mining Limited (LON:ATM) surged 4.9% to 3.20p after it agreed a £2.4mln working capital facility.

The tin mining company with assets in Namibia and South Africa agreed on the facility with Nedbank Namibia.

"This facility will enable the technical team to focus on a successful ramp-up in order to achieve the design capacity of the Phase 1 Pilot Plant as the company transitions into cash flow. Procuring financing from a local Namibian financial institution highlights that there is sufficient comfort and belief in AfriTin's long-term business case and emphasises the importance of the Uis Tin Mine to the national economy,” said Anthony Viljoen, the chief executive officer of AfriTin Mining.

Finance matters were to the fore at LightwaveRF PLC (LON:LWRF), the Internet of Things specialists, which saw its shares dive 7.9% to 7.25p after as placing.

The company is to raise in the region of £1.1mln through the issue of 15.8mln new shares at 7p a pop.

The company said the funds are needed to continue to scale the business, expand sales and marketing, execute on obligations in Europe and provide working capital.

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