EP Global Opportunities responds to shareholder unrest – At its AGM in April 2021, two resolutions were passed with a majority of less than 80% of the votes cast. The first of these was to re-elect the chairman, Teddy Tulloch, as a director, and the second to renew the authority of the company to sell ordinary […]
In QuotedData’s morning briefing 20 October 2021, it is very busy for a Wednesday: Drum Income REIT (DRIP)’s shareholders have overwhelmingly approved the absorption of the trust into Custodian REIT. Court approval for the scheme is expected on 1 November; Drum’s shares will be suspended on 3 November and delisted on 4 November; and the […]
Huge take-up for Fidelity Emerging tender spells trouble – As we have discussed previously, Fidelity Emerging Markets offered investors a 25% tender offer in conjunction with the move of the manager from Genesis to Fidelity. The size of the vote against this decision was one indication that shareholders were uneasy. However, now we have decisive […]
Much better numbers from JPMorgan Multi Asset – JPMorgan Multi-Asset Growth and Income Trust (MATE) has published half-year results covering the six months ended 31 August 2021. The trust’s NAV returns were triple those of its benchmark – a return of 9.2% against its 3.0% target – and shareholders benefited from a return of 21.5% […]
Alinda Capital Infrastructure Investments intention to float – pretty soon after the announcement of the intended launch of an infrastructure trust by Pantheon, along comes another. The company is seeking to raise £350m from a placing and offer for subscription of shares at 100p. In addition, a placing programme will enable the company to issue […]
Gresham House just wants everyone to be treated equally – In a statement released this morning, Gresham House sets out its case for requisitioning a meeting at Gresham House Strategic and says that support for its move has risen since last Thursday. “Best practice corporate governance sits at the heart of Gresham House’s strategy as an […]
In QuotedData’s morning briefing 19 October 2021: Augmentum Fintech (AUGM) is making a £10m investment into Zopa as part of that company’s latest funding round of £220m. The funding round is being led by SoftBank Vision Fund 2 with participation from Chimera Abu Dhabi, and is conditional on regulatory approval. Augmentum is investing alongside other […]
HydrogenOne backs Sunfire – HydrogenOne Capital Growth has committed to its first private equity investment of €24m (£20m) in Sunfire GmbH, a leading electrolyser producer, for a minority equity stake. HydrogenOne has the right to a board observer seat at Sunfire, and intends to collaborate with Sunfire on the roll-out of future hydrogen manufacturing projects. HydrogenOne’s […]
New chapter in Gresham House Strategic saga – We covered the proposed appointment of Harwood as managers to Gresham House Strategic on Friday’s show. At the time, it looked like a done deal. However, after the market closed on Friday, the board said that they had received another requisition from Rock Nominees Limited (on behalf […]
In QuotedData’s morning briefing 18 October 2021: LondonMetric Property has bought two last mile logistics assets in Fulham and Tottenham for a combined purchase price of £20.2m. The assets total 44,000 sq ft and have been acquired with vacant possession in two separate transactions. LondonMetric will refurbish both properties at a cost of £1.4m which, once […]
