There were big votes against the re-election of two HICL Infrastructure (HICL) directors at yesterday’s AGM. A total of 247.1m shares (20.3% of those voting) were cast against the re-election of senior independent director Frances Davies and 280.6m (23.1% of those voting) against the re-election of the chair Mike Bane.
QuotedData’s James Carthew said: “It seems likely that this was shareholders registering their frustration with the aborted attempt to combine with The Renewables Infrastructure Group (TRIG) – the company ended up spending £9.4m on ‘professional fees’ over the financial year ended 31 March 2026, up from £2.8m for the prior year. It seems likely that most of that increase related to the TRIG transaction. The board is already looking for a successor to Mike Bane.”
Golden Prospect Precious Metals (GPM) has adjusted the subcription rights price for this year to reflect the 1.51p dividend that is payable tomorrow. On 30 November 2026, shareholders will be able to subscribe for one share for every five that they own at 103.12p (down from 104.63p, the NAV on 30 November 2025). As things stand, the NAV is 100.88p and the share price 89.7p, but anything might happen over the next few months.
SEGRO (SGRO) has said that it is minded to recommend the new Prologis bid that was announced yesterday. SEGRO has requested, and the Takeover Panel has consented to, an extension to the date by which Prologis is required either to announce a firm intention to make an offer to 5pm on 12 August 2026.
Alternative Income REIT (AIRE) has pointed out that, as it has declared its planned 1.4p dividend, Glenstone’s offer is now only worth 70p per AIRE share.
