News

QuotedData’s morning briefing 16 July 2020

Aberdeen Frontier Markets - Incentivised to perform

In QuotedData’s morning briefing 16 July 2020:

  • Aberdeen Frontier Markets has published a circular ahead of its planned winding up. If shareholders approve liquidation on 14 August, the shares will stop trading on 18 August.
  • Jupiter Emerging and Frontier Income has redeemed 4,607,803 shares at 88.08p to leave 85,465,171 shares in issue.
  • Tetragon Financial has obtained a 10-year $250m revolving credit facility, replacing the one currently in place for $150m.
  • Tiny Energiser Investments has handed out 11m options to its directors and a consultant. The options are exercisable at 0.65p – yesterday’s closing price. So it shouldn’t be too much of a stretch for them to be valuable. However, the shares have fallen to 0.63p on the news.

We also have results from Gore Street Energy Storage and Augmentum Fintech, news of a fundraise by HICL Infrastructure and a new catalogue purchase by Hipgnosis. BMO Real Estate and Yew Grove REIT have published trading updates. Stenprop has sold an asset in Germany.

James Carthew
Written By James Carthew

Head of Investment Company Research

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