In QuotedData’s morning briefing 23 September 2020 –
- Hg, the Manager of HgCapital Trust (HGT) announced the sale of A-Plan Group, one of the UK’s largest specialist insurance intermediaries, to Howden. The deal is subject to regulatory approval. This transaction values HGT’s current investment in APG at £21.5m. This would represent an uplift of £3.2m (18%) over the carrying value in the NAV of the trust, as at 31 August 2020.
- BB Healthcare (BBH) announced the appointment of Professor Tony Young, OBE, as a non-executive director, with immediate effect. Professor Young will also be appointed as a member of the audit and management engagement committees.
We also have news of a management change at Temple Bar and a 47th consecutive year of an increase in the dividend by Murray Income.