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QuotedData’s morning briefing 2 August 2021

QuotedData Morning briefing

In QuotedData’s morning briefing 2 August 2021:

  • Cordiant Digital Infrastructure (CORD) has decided not to invest in one of the European data centre platforms previously identified in its pipeline due to pricing considerations. It said, in certain instances, processes have been slowed as a result of unforeseen developments on the vendor side. The pipeline continues to evolve and pricing discipline remains paramount and accordingly, there is no certainty that any pipeline assets may be acquired. Other opportunities include, inter alia, two North American data centre platforms, a European multi-asset tower and Internet of Things platform, a European fibre and tower platform, and two other European data centre platforms.

  • Global Resources Investment Trust (GRIT) has announced that £599,201 of new financing (before expenses) has been secured by way of a fundraising via a placing of Convertible Loan Notes to new and existing investors. The Loan Notes have a conversion price of 0.25 pence per new ordinary share and forms part of a wider transaction whereby 18,288,131 existing shares were placed in the company with investors, pro-rata to their participation in the fundraise. The existing shares have been acquired at a price of 2.75 pence per ordinary share. Net proceeds will be used to exploit opportunities in the junior mining and natural resource sectors.

  • BlackRock North American Income (BRNA) has changed its name to BlackRock Sustainable American Income (BRSA), effective from 30 July 2021.
  • Dunedin Enterprise (DNE) has announced its capital reorganisation has commenced. The court process involves converting its capital redemption reserve into a distributable reserve by cancelling the entire amount standing to the credit of its capital redemption reserve. The court has ordered that the company advertise its petition and seek answers thereto. Following that advertisement and the fixing of the date for the final hearing, DNE will announce the expected timetable for the capitalisation of its capital redemption reserve by way of the reduction of that part of its share capital.

We also have interim results from Fidelity Japan, RIT Capital Partners and Allianz Technology.

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