In QuotedData’s morning 4 July 2025: Nick Train now has almost a 4% stake in FGT, Empiric is giving Unite more time to finalise its bid. JEMA’s court cases in Russia have been postponed again.
- Finsbury Income & Growth (FGT) says that Nick Train purchased another 50,000 shares at an average price of 906p. He now holds 5,697,780 shares, about 3.99% of the trust.
- Empiric Student Property (ESP) has an indicative proposal from The Unite Group (UTG) to acquire the company. The deadline for Unite to submit a bid was 3 July – the ‘put up or shut up (PUSU)’ date. Empiric has agreed to extend that to 31 July so that Unite can complete its due diligence.
- JPMorgan Emerging Europe, Middle East and Africa (JEMA) says that the Russian court has postponed the appeal hearing in relation to a $439m claim granted to VTB Bank against eight J.P. Morgan legal entities and JEMA from 2nd July 2025 to 10th September 2025. In addition, it has postponed the preliminary hearing related to VTB Bank’s $74.5m claim against eight J.P. Morgan legal entities and JEMA from 25th June 2025 to 14th July 2025.
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