Devolver Digital AIM exit plans pushed shares in the video games publisher (LON: DEVO) up 8.61% to 6.625p on Wednesday, a day after the company announced it would delist from AIM and conduct a tender offer of up to $5m at 16p per share.
Shareholders will vote on the proposals at a general meeting on 8 September 2026. If approved, the final day of trading on AIM will be 15 September 2026, with cancellation taking effect on 16 September, according to the company’s Investegate RNS filing.
Devolver Digital AIM Exit: The Vote Mechanics
The cancellation requires support from at least 75% of votes cast. Directors have indicated they will back the resolution, holding a combined 25.91% of the company’s issued capital.
Under the tender offer, Devolver plans to repurchase up to 23.3 million shares, equal to approximately 4.71% of issued capital, at 16p each. Proxy votes must be lodged by 4.00 p.m. on 4 September 2026, with the general meeting to be held at the offices of Fieldfisher LLP in London at 4.00 p.m. that day.
A second tender offer of up to $5m is planned 12 months after cancellation. The Delaware-registered company joined AIM on 4 November 2021 at 157p per share; Wednesday’s close of 6.625p leaves it trading at less than 5% of its float price. The cancellation circular was posted on or around 6 August 2026, Yahoo Finance reported.
Devolver has published more than 150 titles, with over 30 games scheduled for release across the next three years. Its catalogue includes Hotline Miami, Cult of the Lamb and Enter the Gungeon.
Gelion Lands £2m Mitsui Kinzoku Battery Deal
Battery technology developer Gelion (LON: GELN) gained 5.41% to 19.5p after securing a joint development agreement with Japanese battery materials manufacturer Mitsui Kinzoku.
Gelion will receive £2m in staged milestone payments to validate its NES™ Cathode Active Material in high-energy-density liquid and solid-state sulfur battery cells targeting automotive, stationary storage, consumer electronics, and aerospace and defence applications, according to the Gelion newsroom announcement.
The funding is structured as non-dilutive, with payments to be recognised as commercial revenue from FY27 onwards, chief executive Matthew Wood said. Mitsui Kinzoku holds an option to negotiate manufacturing and distribution rights for Gelion’s NES™ CAM in certain Asian territories, with terms to be agreed separately, PocketGamer.biz reported.
Elsewhere on AIM
Talisman Metals (LON: TLM) added 4% to 6.5p after publishing assay results for its Tirzzit project in Morocco. Copper grades ranged from 0.60% to 2.62%; silver grades from 12 to 44 ppm. Chief executive Tim McCutcheon said: ‘The new target outcrop at Tirzzit has produced exciting grades and is a key focus for Talisman’s planned drill campaign.’
Furnishings supplier Sanderson Design Group (LON: SDG) rose 1.94% to 79p. Interim revenues improved 6% to £51.4m, driven by a 19% rise in North American brand product revenues. Licensing revenues were 13% higher at £4.9m, and net cash stood at £10.2m at the end of July 2026.
Richard Griffiths increased his shareholding in Next 15 Group (LON: NFG) from 12.2% to 13.1%. Shares rose 3.05% to 329.25p.
Among fallers, Ratio Petroleum Energy raised its cash bid for Pharos Energy (LON: PHAR) to 28.813p plus a 4p special dividend per share, with the Pharos board recommending the offer. That tops the rival Serica Energy (LON: SQZ) bid of 28.6683p in cash plus a 4p special dividend. Berenberg trimmed its price target for Serica from 365p to 360p but kept a buy recommendation; Serica shares slipped 1.85% to 227.1p.
Rent guarantee provider RentGuarantor (LON: RGG) fell 2% to 49p after raising £1.7m from the exercise of warrants at 17.5p each.
Estate agency M Winkworth (LON: WINK) declined 1.41% to 175p after commencing legal action against non-executive chair Simon Agace, aged 84 and a board member since 2009. The company alleges breaches of confidentiality and has applied for interim injunctive relief over proposed board changes. Operations are continuing normally.
The Devolver Digital shareholder vote on 8 September will determine whether the AIM exit proceeds on its current timetable or faces delay.
