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QuotedData’s morning briefing 10 February 2023

In QuotedData’s morning briefing 10 February 2023:

  • JLEN Environmental Assets Group (JLEN) says that Nadia Sood has been appointed to its board as a non-executive director with effect from 10 February 2023. The announcement says that Nadia brings extensive experience of executing and managing complex infrastructure investments ranging in size across multiple international markets. She has held a senior role within a joint venture with Tata Power, has been a director at Nestlé and is a member of the Governing Council of the IFC/World Bank SME Finance Forum. She is currently the CEO of CreditEnable, an award-winning global credit insights and technology solutions company. Nadia holds a Bachelor of Science in Foreign Service from The Edmund A. Walsh School of Foreign Service at Georgetown University in Washington DC, and a Masters in International Affairs from Columbia University, New York. She is fluent in English, French and Norwegian.
  • 3i Infrastructure (3iN) has announced the results of its placing. 3iN has successfully issued 30,915,990 new shares at a price of 330p per share, a discount of 3.4% relative to 3iN’s share price immediately after the announced placing. Following the issue 3iN now has 922,350,000 shares in circulation.
  • Gabelli Merger Plus+ (GMP) has announced the results of its Tranche Two Tender Offer. 331,457 shares were repurchased at 973.89 U.S. cents per share, a 0.3% discount to the share price at the recorded date. GMP now has 6,850,792 shares left in circulation following the tender, with the tender representing approximately 4.6% of the share capital.
  • Baring Emerging EMEA Opportunities (BEMO) notes that trading on the Turkish stock exchange was suspended following significant market volatility as a result of the recent earthquake. As of the market close on 7th February, its portfolio contained two Turkish-listed holdings valued at £2.4m (approximately 3% of the portfolio). The board has decided to continue to value these holdings using their last close price but will continue to monitor the situation. The Turkish Stock Exchange is due to reopen on 15th February, when stocks will be valued using the prevailing market price.

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