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QuotedData’s morning briefing 13 June 2022

In QuotedData’s morning briefing 13 June 2022:

  • ThomasLloyd Energy Impact (TLEI) has released its interim results for the period ended 31 March 2022. During the period, it committed 40% of its IPO proceeds. Meanwhile, at 31 March 2022, TLEI had a derivative financial liability associated with the proposed acquisition of the 43% interest in SolarArise, which was subsequently wholly extinguished in May 2022. The derivative financial liability arose due to the consideration for the acquisition being settled through the issuance of a fixed number of shares. As TLEI’s shares were trading at a premium of 27% to the IPO price of $1.00, this resulted in a derivative financial liability being recognised of $9.3m at 31 March 2022. The company’s NAV – adjusted for the impact of the derivative financial liability at 31 March 2022 was $115.6m and NAV per share was $1.002.
  • Hibernia REIT has applied to Euronext Dublin, the FCA and London Stock Exchange for the admission to trading of 4,733,101 new ordinary shares of €0.10 each, which is expected to become effective at 8am on Thursday 16 June 2022. The shares will rank pari passu with the existing ordinary shares in Hibernia REIT.
  • Jupiter Emerging & Frontier Income’s (JEFI) board has confirmed that the FCA has suspended the listing of the company’s ordinary shares of 1p each on the Official List while the London Stock Exchange suspended trading in the ordinary shares on its Main Market.
  • Tritax Big Box (BBOX) has leased one million sq ft across four buildings at its Symmetry Park Rugby development site to a global leader in storage and information management services. These logistics facilities will support the new customer’s growth ambitions by enabling it to create its first UK campus, capable of delivering a full range of services for its clients. The lettings also support the development programme at Tritax Big Box’s Rugby site, which benefits from planning consent to deliver approximately 1.9 million sq ft of logistics space and access to key transport infrastructure. The customer is leasing four buildings, of which two are from the company’s speculative development programme, and has entered into a further two pre-lets on buildings which will be constructed on a built-to-suit basis, Colin Godfrey, CEO, commented: “Our successful letting of one million sq ft of prime logistics space will be one of the largest UK letting transactions completed so far this year and is further evidence of our strategy delivering growing rental income to our investors at an attractive yield on cost”.

We also have an update from Greencoat UK Wind and final results from Sirius Real Estate.

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