In QuotedData’s morning briefing 20 October 2023:
- Taylor Maritime Investments (TMI) has released its second annual Environmental, Social and Governance (ESG) Report covering the financial year ended 31 March 2023. The report highlights progress made on TMI’s sustainability priorities including decarbonisation, social and community impact, and responsible business practices. This year, TMI obtained independent assurance of its greenhouse gas emissions, as well as completing a more comprehensive Scope 3 emissions measurement. TMI says that its ESG disclosure follows guidance from the Task Force on Climate-related Disclosure, the Global Reporting Initiative, and the Sustainability Accounting Standards Board. Click here to read the report.
- Impact Healthcare REIT (IHR) has posted a 1.2% increase in EPRA NTA per share to 114.38p in the quarter to 30 September 2023, as values in the real estate sector continue to stabilise. The group’s EPRA topped up net initial yield was 6.91%, broadly flat from 6.95% in June 2023. The group’s portfolio of care homes grew in value in the quarter by 1.3% on a like-for-like basis to £646.2m. Rents have increased 4.69% on average from 12 rent reviews.
- Pantheon International (PIN) has completed the tender offer it announced 25 September 2023, repurchasing and cancelling 49,180,327 of its ordinary shares on 19 October 2023 at a strike price of 305p per ordinary share. PIN says that, based on the last published NAV of 31 August 2023, it is expected that the tender offer will deliver a circa. 3.4% uplift to NAV per share.
- Oryx International Growth (OIG) says that the proposed acquisition by CoStar UK Limited of OnTheMarket Plc, for 110p per share, represents a premium of 80% to the 29th September 2023 share price and will add circa £2.2m (approximately 16p per share) to the OIG’s 30th September 2023 NAV, and return £4.95m in cash.
We also have:
- Annual results from abrdn Asia Focus (including news that Hugh Young will retire at the end of the year).
- Annual results from Gabelli Merger Plus+.