TRADING UPDATES: Wag Payment investor to offload remaining shares

The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Wag Payment Solutions PLC - London-based company provides payment and data services to trucking companies in Europe - Peel Hunt says Bock Capital EU Luxembourg WAG Sarl, an affiliate of TA Associates Management LP, intends to sell its remaining 12.7% interest in Wag Payment Solutions, around 88.5 million shares. The sale and price per placing share will be conducted and determined by way of an accelerated bookbuild to institutional investors. Peel Hunt LLP has been appointed as the Global Co-Ordinator and Joint Bookrunner, and Wood & Co Financial Services, Joint Bookrunner. TA Associates initially invested in WAG Payment back in 2016 and helped take the business public through a initial public offering on the London Stock Exchange in 2021. It sold an around 4.3% interest back in July. Wag Payment is not party to the placing and will not receive any proceeds.

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Helical PLC - London property developer and landlord - Announces that an agreement for lease has been exchanged with FGS Global for the sixth, eight and ninth floors at Brettenham House. FGS Global, the advisory firm, will take occupation of the space in January 2027 for a 10 year term.

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Hargreaves Services PLC - Durham, England-based provider of services for environmental, infrastructure and property sectors - Following the announcement in September of preferred bidder status with Re.Group, Hargreaves says it has now entered into a 15-year logistics contract with the Australian recycling and resource recovery company, to provide collection, transport and transfer station services for the UK Deposit Return Scheme in Scotland. Under the contract, Hargreaves will be responsible for the collection and movement of returned drinks containers from retail return points across Scotland to designated processing facilities. The contract includes annual CPI-linked indexation and fuel cost adjustment mechanisms providing long-term earnings visibility and margin protection. The DRS is due to be introduced across England, Scotland and Northern Ireland by October 1 2027. The scheme aims to reduce litter, increase recycling rates and support a circular economy by incentivising the return of single-use drinks containers. The contract with Re.Group will commence October and is expected to have a positive impact on FY28 performance, before its full impact in FY29. For FY29, the board would expect to report revenue and profit before tax moderately ahead of existing market expectations which are for revenue of £323.2 million, underlying pretax profit of £20.4 million.

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CAB Payments Holdings PLC - London-based payment processing firm - Total income is around £34 million in the third quarter, the highest income level for any Q3 on record. This is supported by strong growth in payment volumes, Emerging Markets (FX volumes, and Trade Finance activity, CAB Payments says. CAB Payments says activity levels increased across the business with continuous quarter-on-quarter growth in EM volumes throughout the year offsetting expected reductions in EM take-rates, as market volatility reduced and spreads tightened through the year. This resulted in modest QoQ Total Income growth. The group says it added 12 new active clients in the quarter, taking total active clients to 613 as of September 30 versus 601 at June 30. CAB Payments says it looks forward to completing a successful year notwithstanding a particularly strong comparator in the fourth quarter last year.

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Camellia PLC - holding company for agriculture businesses such as tea, avocado, macadamia and rubber - Camellia slumps as it reports it currently forecasts full-year revenue to be between £255 million and £260 million, down from £268 million in 2025, the holding company for agriculture businesses says. "Trading has also been affected by a downturn in global avocado and macadamia nut prices and lower crop yields for both products. As a result, Camellia's trading result for 2026 is expected to be weaker than previously anticipated," it warns. "The group has seen stronger trading performances in the Bangladesh, India and Eastern Produce Kenya tea businesses and the Brazilian arable business is performing in line with expectations. This has been more than offset by weaker results from Kakuzi."Camellia owns just over 50% of London listing Kakuzi. Kakuzi on Thursday says it expects net earnings to be significantly lower than the previous year "as a result of the continued downturn in the macadamia market and a lower macadamia crop". Kakuzi shares were unmoved.

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SulNOx Group PLC - London-based green fuel technology developer - Announces that it has appointed Exeno Yamamizu Corp as its first Japan-based distributor. Established in 1947, Exeno Yamamizu is a longstanding Japanese maritime services company. Its activities span marine fuel and lubricants, specialist chemicals, shipbroking and marine engineering. Exeno Yamamizu already supplies marine fuel treatment products and has established relationships across Japanese shipowners, operators and shipyards, providing Sulnox with an experienced partner to develop its presence in one of the world's most important shipping market. The move into Japan builds on Sulnox's growing commercial momentum in the global maritime industry, including four-year supply agreements with leading shipping companies Eastern Pacific Shipping and Spring Marine, covering more than 80 vessels combined. Sulnox and Exeno Yamamizu will undertake a joint client roadshow across Japan, targeting major shipping companies with the objective of initiating vessel evaluations and developing commercial opportunities.

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Verici Dx PLC - Cardiff, Wales-based developer of suite of tests for kidney transplant response risk - Welcomes the launch of the Kidney Care National Plan by the US Department of Health and Human Services, a strategy focused on revitalising American kidney care. The plan centres on three priorities: prevent kidney failure; improve dialysis care and expand patient choice; and reform transplantation. Chief Executive Sara Barrington says: "Expanding access to transplantation is essential, but so is making the most of every transplant. For transplant teams, that means having better information to assess rejection risk and inform decisions about patient management."

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