In QuotedData’s morning briefing – 24 May 2021:
- Graham Kitchen, non-executive director and chairman of the board and nomination committee for Invesco Select, has decided to step down from 31 May. He will be succeeded as chair by Victoria Muir, who joined the board in 2015.
- Electra Private Equity has issued 690,566 new ordinary shares of 25 pence each to allow the vesting of awards under the share of value plan. These new shares rank pari passu with the existing ordinary shares in issue. The full net proceeds of £3.7m of the awards are being reinvested through the subscription for new shares by the company’s chair, Neil Johnson, and chief financial and operating officer, Gavin Manson.
- The board of Africa Opportunity has announced a mandatory redemption by way of capital distribution in respect of its ordinary shares of US$0.01 per share. A total of $7.2m is to be returned to the trust’s ordinary shareholders, which represents approximately 10,218,404 ordinary shares.
In other news, US Solar Fund has refinanced the existing debt facilities associated with its Heelstone Portfolio and Gresham House Strategic has announce a strategic review. We also have Taylor Maritime Investments, which successfully raised more than its $250m IPO target.