In QuotedData’s morning briefing 20 May 2025:
- EJF Investments (EJFI) will issue 583,127 new 2029 ZDP shares in respect of the Retail Book offer that was announced last week. That brings the total to 17,001,593.
- The European Smaller Companies Trust (ESCT) says 166,113,075 shares (42.2% of shares in issue – versus a maximum of 42.5%) were tendered – 115,386,122 opted for the in specie option and 50,726,593 went for the cash option. Everyone who wanted out gets to exit. Cash for the cash exit shares will be despatched within five days of 25 June. The repurchase price for the in specie shares will be announced on 27 May – more detail in our original story.
- Rockwood Strategic (RKW) says Richard Pease (a well-regarded European equities manager at Jupiter, New Star, Henderson, and latterly Crux – where he founded the business) is joining Christopher Mills, Rupert Dyson, Jamie Brooke, Yuri Khodjamirian, and Adam Parker on its investment advisory group.
- Temple Bar (TMPL) is holding a presentation for investors on 12 June at 11am. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the investor meet company dashboard up until Wednesday, 11 June 2025, 09:00 BST, or at any time during the live presentation. Investors can sign up to investor meet company for free at
https://www.investormeetcompany.com/temple-bar-investment-trust-plc/register-investor - The level of acceptances of the BBGI offer stood at 48.7% as of 19 May 2025. This has to get to 90% by 1pm today, but it is not unusual for these things to be done at the last minute.
- Social Housing REIT (SOHO) has upped its target dividend by 3.0% to 5.622p for the financial year ending 31 December 2025. The increase was driven by the successful progress achieved with the lease assignments from Parasol to Westmoreland; a reduction in costs driven by the transition to a management fee based on market capitalisation following the appointment of Atrato Partners; and
an improvement in the earnings of SOHO, driven in part by annual inflation-linked rent increases.
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