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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.

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