(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

----------

AIM - WINNERS

----------

Prospex Energy PLC, up 8.8% at 6.80 pence, 12-month range 5.00-21.00p. The European gas and power project investor receives notice to convert GBP104,746 in convertible loan notes with the issue of 2.5 million shares. The convertible loan note was issued in July 2022 and is convertible at 4.25p per share.

----------

AIM - LOSERS

----------

Libertine Holdings PLC, down 44% at 2.65 pence, 12-month range 2.05-26.97p. The technology developer completes phase one of engineering development with Hyliion Holdings Corp to support the integration of its Hexagen linear generator technology platform into the first prototype Karno powertrain. Notes that as of Friday, the contract has entered into a six-month option period during which time Hyliion has the option to negotiate intellectual property licensing rights with Libertine to exploit the Hexagen technology. Says a "significant quantum" of its anticipated revenue for the current financial year was projected to be derived from further fees from Hyliion and notes that should these not happen as originally anticipated, its outcome for the financial year would be "materially below" current market expectations.

----------

Verditek PLC, down 27% at 0.55 pence, 12-month range 0.45-2.50p. The solar panel producer raises GBP500,000 through a subscription of 111.1 million new shares. Verditek says the shares were priced at 0.45p each, a 40% discount to its closing price on Thursday. Says the proceeds will be used for general working capital.

----------

Accsys Technologies PLC, down 23% at 75.00 pence, 12-month range 54.40-108.00p. The wood product maker reports a strong start to the financial year ending March 31, with revenue and sales volumes ahead of the year prior in the first fourth months of the year. Notes trading conditions in the building materials, construction and residential housing markets in the UK, Europe and North America have continued to soften, however. Further, notes distributors of building products in the US and Europe have seen "significant" volume decline in the year-to-date. Consequently, company reports a weakening demand for its products. Given this, sales volumes and revenue for the full financial year are expected to be below market expectations. Annual earnings before interest, tax, depreciation and amortisation are seen "significantly" below expectations.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.