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QuotedData’s other news 13 February 2020

In QuotedData’s other news 13 February 2020

  • Chenavari Toro says just 3.4% of its shares in issue were tendered in it the latest offer. Holders of 10.6m shares worth €9.1m will be able to cash in their holding in full. Today, the company’s broker will try to find buyers for up to 8.3m of its treasury shares. The tender shares were bought back at 85.19 cents but a large part of the treasury shares could be bought for just 80.5 cents. This looks to us like a bad deal for ongoing shareholders.
  • Residential Secure Income has appointed a finance director. James Sly. He was finance manager at United Trust Bank and before that group financial accountant at Pepkor Europe, a pan-European retailer. James is a qualified Chartered Accountant, having started his career at PricewaterhouseCoopers after graduating with a BA in Economics and Management from the University of Oxford.
  • Real Estate Credit Investments is publishing a prospectus that would allow it to issue (via placings to professional investors) up to 150m new shares over a period of a year.

We also have results from Aberdeen Emerging, AVI Japan Opportunity, Scottish American and BlackRock North American, encouraging data from Syncona’s Freeline investment and an update on the fight for control of SQN

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