In QuotedData’s morning briefing 19 March 2021:
- Further to an announcement on 18 March 2021 after the market had closed, Future Fund Board of Guardians has sold 32.7m ordinary shares in Apax Global Alpha Ltd (AGA) at a price of 180 pence per share. Future Fund no longer holds any ordinary shares in AGA. Furthermore, AGA did not receive any proceeds from this secondary placing.
- UIL Limited has published a prospectus in relation to the rollover offer of its 2022 ZDP shares into new 2028 ZDP shares. The prospectus also includes details of a placing, intermediaries offer and offer for subscription of 2028 ZDP Shares (this will be for 25 million 2028 ZDP shares less the number of these issued as a result of the conversion of the 2022 ZDP shares). In addition, the prospectus provides details of a placing programme for the balance of the 25m 2028 ZDP shares that are not issued as either part of the rollover offer, or as part of the placing, intermediaries offer and offer for subscription.
- Supermarket Income REIT raised £153m from its oversubscribed issue (it was targeting a £100m raise). The group has identified immediate investment opportunities worth £230m across four deals, and has a further nine assets in the pipeline worth £184m.
- Riverstone Energy is making a small investment of up to $0.6m in Decarbonization Plus Acquisition Corporation III (“DCRC”), a special purpose acquisition vehicle sponsored by an affiliate of REL’s investment manager. DCRC seeks to capitalise on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization. This includes the energy and agriculture, industrials, transportation and commercial and residential sectors.
We also have the retirement of Scottish Mortgage’s veteran manager, James Anderson, and interim results from CQS Natural Resources Growth and Income (it delivered a stellar recovery in the second half of 2020).