Small caps round-up: K3, Densitron, Innovation...

K3 Business Technology, Densitron, Physiomics, Hardy Oil and Gas, Sarantel, Expansys, Lo-Q

Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.

Densitron, an information display systems manufacturer, has announced that the landlord of premises previously occupied by the firm's form subsidiary, Densitron Ferrograph, located near Newcastle, has instigated legal proceedings against the company. The landlord is seeking to make Densitron Technologies the tenant under the lease and involves a claim of around £300,000 in unpaid back rent. If the action were to succeed there would also be a liability for unpaid past business rates of approximately £70,000. Densitron intends to "defend the claim vigorously" but at this time the outcome cannot be forecast with any level of certainty. Shares lost 20.45% to 8.75p.

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