In QuotedData’s morning briefing 17 October 2022:
- Cordiant Digital Infrastructure (CORD) has announced that the final regulatory clearance process, for the acquisition of Emitel SA, the Polish multi-asset digital infrastructure platform, remains ongoing but that it has been notified that the process has been extended until 21 November 2022. It says that the final regulatory clearance remains with the Polish Minister of the Interior (MoI), as part of a multi-stage approvals process. Emitel’s assets include a network of over 500 communication towers, a supporting fibre-optic network and a nationwide ‘Internet of Things’ sensor network, serving utilities and municipalities. Emitel has a predominantly ‘blue-chip’ client base of leading telecommunications and media companies in Poland.
- TwentyFour Income Fund (TFIF) says that holders of 9,582,068 shares have elected to take advantage of its 2022 realisation opportunity. The redemption price (NAV less 2%) will be announced on 20 October. The shares are availble for purchase via Numis, the company’s broker.
- Foresight Sustainable Forestry (FSF) has announced that, over the last two months, it has deployed £7.9 million (inclusive of tax and transaction costs) into four afforestation properties and one forestry property, all of which are in Scotland. The acquisitions increase the portfolio by approximately 700 hectares and FSF’s total portfolio now covers 9,751 hectares. FSF says that the afforestation acquisition is well suited for the establishment of a woodland creation scheme and has design allocations to native broadleaves alongside commercially productive forestry and open ground. The Company is also exploring natural capital potential, including peatland and wetland restoration, for the properties. Once planted, the properties are anticipated to be awarded approximately 77,000 voluntary carbon units for the additional CO2 sequestered over the project lifetime. FSF says that the single forestry property provides the Company with a good opportunity to harvest, re-design and re-stock the site in the medium term. Once the harvesting programme has occurred, a new tree species composition will be incorporated to fully capture the property’s upside potential. Well located in relation to other portfolio assets, sawmills and timber processors, the property further expands FSF’s Scottish portfolio.
We also have:
- US Solar Fund’s strategic review
- Annual results from Seraphim Space
- Annual results from abrdn Asia Focus
- Annual results from JPMorgan UK Smaller Companies