In QuotedData’s morning briefing 26 October 2023:
- Hipgnosis (SONG) says that Andrew Wilkinson and Paul Burger have resigned as non-executive directors of the company ahead of today’s AGM. [Expect more news later.]
- Oakley Capital Investments (OCI) reports that the Oakley Capital Origin Fund I has agreed to acquire a stake in Webcentral DEH, a leading Australian domains, hosting and e-mail provider, in a carve-out from its parent, Webcentral Limited, an Australia-based digital solutions company listed on the Australia Securities Exchange (ASX). Founded in 1996 as one of Australia’s first domain and hosting providers, Webcentral offers an extensive portfolio of digital services to over 330,000 small and medium businesses and 2,500 enterprises across Australia and New Zealand. The company is growing profitably with high cash conversion rates as more SMEs seek to digitise their business models. Oakley is investing in Webcentral in partnership with veteran hosting entrepreneurs Jochen Berger and Tom Strohe, marking the latest in a series of successful collaborations in this space, including Intergenia, HEG, WebPros and Contabo. The investment reflects Oakley’s ability to leverage its network of entrepreneurs, its sector focus and buy-and-build track record to unearth attractive investment opportunities.
We also have results from Schroder Income Growth and JPMorgan Global Emerging Markets Income, plus the conclusion of abrdn Diversified Income and Growth‘s strategic review, and the launch of a buyback programme by Greencoat UK Wind.