In QuotedData’s morning briefing 18 January 2023:
- BH Macro (BHMG/BHMU) has announced that it is contemplating an equity raise in response to strong demand for its shares. It says that this would help satisfy further market demand and improve liquidity, alongside spreading its fixed costs across a wider share capital base. Further details will be announced in due course.
- Life Science REIT (LABS) has let part of the ground floor of Building One at Oxford Technology Park to Oxford Ionics Limited, an Oxford University spin-out focused on scalable quantum computing. The lease was completed on 4,887 sq ft of space at a rent of £28.50 per sq ft, for two years with a break clause at the end of the first year. The company said that this provides Oxford Ionics with initial accommodation while they prepare to occupy larger long term space on the park. With this letting, overall occupancy of the completed space at Oxford Technology Park increases a further 6.8% to 73.6%, with the company targeting to complete a further 262,000 sq ft of space during the next 18 months. Oxford Ionics, which holds world records for the performance of its quantum computer technology, announced last week that it had raised £30m in Series A funding from some of the world’s leading tech investors.
We also have management changes at JPMorgan Global Growth & Income.