SMALL-CAP WINNERS & LOSERS: M&P sells its entire stake in Seplat
The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Seplat Energy PLC, up 4.1% at 295.75 pence, 12-month range 161.8p-309.5p. Maurel & Prom, also known as M&P, agrees to sell its entire 20.07% stake in Seplat Energy to Heirs Energies for $496 million, with a further $10 million potentially payable based on share-price performance. The deal covers 120.4 million shares at 305 pence each, with an initial $248 million payable immediately and the remainder due within 30 days under an irrevocable letter of credit. M&P, a founding investor and Seplat’s largest shareholder since 2010, says the exit allows it to refocus on direct oil and gas investments as it accelerates its growth strategy. M&P CEO Olivier de Langavant says the investment has delivered ‘very strong returns’ and expresses confidence that Seplat will ‘continue to thrive’ under Heirs Energies, part of Heirs Holdings.
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SMALL-CAP - LOSERS
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abrdn Property Income Trust Ltd, down 9.6% at 2.1375p, 12-month range 1.6p-7.03p. Shares in the Guernsey-registered UK real estate investor fall after UK house price growth cools more sharply than expected. Data from Nationwide show annual house price growth slows to 0.6% in December from 1.8% in November, the weakest pace since April 2024 and below the FXStreet consensus of 1.2%. On a monthly basis, house prices fall 0.4%, reversing a 0.3% rise in November and undershooting expectations for a 0.1% increase.
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