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QuotedData’s morning briefing 25 November 2020

In QuotedData’s morning briefing 25 November 2020:

  • Gresham House Energy Storage has successfully raised gross proceeds of £120m through the issue of 114,285,714 shares at 105p. The issue was oversubscribed. The money will enable the company to finance up to six new near-term acquisitions totalling 245MW.
  • RDL Realisation says that it intends for the company to become a small registered AIFM which is self-managed, thereby saving external management fees going forward. It also intends to convene a general meeting in early 2021 at which a special resolution will be proposed to cancel the listing of its shares from the premium segment of the Official List of the Financial Conduct Authority and from trading on the Main Market of the London Stock Exchange.
  • Henry Boot has exchanged contracts with Walsall Council and Homes England on one of the largest regeneration projects in the West Midlands, a new £73m development, known as Phoenix 10. This is located in Walsall and will be delivered by the group’s property development business, HBD, in partnership with Walsall Council and Homes England. The 44-acre development project is the largest undeveloped plot in the Black Country and is set to become a centre for enterprise with up to 620,000 sq. ft. of industrial and logistic space, attracting new jobs and investment to the region.
  • Harworth has sold a 16-acre parcel of land to Barratt David Wilson at its Thoresby Vale development in Nottinghamshire at a price in line with its December 2019 book value. David Wilson Homes will build 219 new homes, including 16 affordable homes, as part of Thoresby Vale’s second phase. The current proposals include providing a comprehensive range of house-types, from one bed apartments up to four bed family detached homes, a central greenspace with a children’s play area, footpath links and a link road to serve Thoresby Vale’s new primary school, which Harworth is scheduling for completion in time for the September 2023 school year.

We also have half year results from Helical.

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