ThomasLloyd Energy Impact’s (TLEI) board has announced that following the failed continuation vote, it will terminate its arrangement with its current investment manager on 31 October 2023. The board has begun the search for a transitional investment manager to replace the outgoing one, with the intention being that this will be the most effective way […]
In QuotedData’s morning briefing for 11 September 2023: SEED Innovations (SEED) has announced the partial sale of its stake in Avextra AG, the German medical cannabis company, disposing of 56.4% of its shareholding. The sale resulted in gross proceeds of £2.45m, a 62% return on SEED’s initial investment. SEED retains a 3% stake in Avextra […]
Gulf Investment Fund (GIF) announced this week that its current portfolio manager, Jubin Jose, intends to step down at the end of December 2023. He will be replaced as portfolio manager by Bijoy Joy who is currently assistant portfolio manager of GIF, and who has been involved with Jubin in the day-to-day management of the […]
In QuotedData’s morning briefing 4 September 2023: Atrato Onsite Energy (ROOF) has implemented a revolving credit facility. The trust now has a three-year £30m line of credit available to it from NatWest, financed at 1.3% over SONIA. BBGI Global Infrastructure (BBGI) has announced that its investment in Highway 104 in Nova Scotia, Canada has achieved […]
abrdn UK Smaller Companies Growth Trust (AUSC) has released annual results for its financial year ending 30 June 2023. Over the 12 month period AUSC generated a negative NAV total return of -7.4% and a negative share price total return of -6.8%, both of which underperformed their reference index, the Numis Smaller Companies plus AIM […]
In QuotedData’s morning briefing 25 August 2023: NB Distressed Debt Investment Fund (NBDD) has made a $3.7m capital distribution for its extended life share class, the NBDX shares. This was achieved via a compulsory partial redemption of NBDX shares at a price equal to $1.0314 per share, with 7.6% of share capital being redeemed. Blackstone […]
In QuotedData’s morning briefing for 22 August 2023: abrdn European Logistics Income (ASLI) provided a NAV update for the quarter ending 30 June 2023. Its NAV per share fell by 2.8%, from 111.2c (97.7p) per share to 108.3c (92.9p) per share. This was equivalent to a -9.6% NAV total return over the period, accounting for […]
The board of US Solar Fund (USF) has today announced its preferred candidate to replace New Energy Solar Manager, USF’s outgoing investment manager, proposing Amber Infrastructure Group as its successor. The selection of USF’s new manager will still require shareholder approval, with consultations expected to be announced shortly. Amber is a specialist international infrastructure investment […]
In QuotedData’s morning briefing 21 August 2023 The Renewables Infrastructure Group (TRIG) has announced that is has deposed of three of its onshore wind farms. The sites are located in Ireland and were sold at a combined consideration of c. €25m, a 26% premium to their last valuation which was made on 31 December 2022. […]
ThomasLloyd Energy Impact (TLEI) has confirmed that it received a notice from certain entities and funds which hold shares in TLEI and are affiliated with ThomasLloyd Global Asset Management to requisition a general meeting within an agreed timetable. This is in addition to the general meeting announcement made on 12 July. In practice this may […]
