In QuotedData’s morning briefing 13 July 2021: The Third Point Investors board has responded to AVI’s requisition and says that it will not convene the requested meeting as legal advice it has received says that “the resolution proposed in the Communication would fall under the legal definition of ineffective”. Basically, the argument is that the resolution […]
Bye bye Gabelli Value Plus – at the general meeting of shareholders held today (separate from the AGM), shareholders voted against the continuation of the company with 2,231,369 shares voted for continuation and 48,599,027 shares voted against continuation. Additionally, shareholders approved, by 50,411,092 to 419,304 the liquidation of the company. In both cases, 26,889,101 votes […]
We have lift off! – Seraphim Space raises £178.4m Seraphim Space Investment Trust, which will invest in a diversified international portfolio of early and growth stage space technology businesses, is pleased to announce that it has successfully raised gross proceeds of approximately £178.4m from its initial issue of shares. The money raised from the initial […]
HydrogenOne Capital Growth prospectus published – following on from yesterday’s intention to float announcement, HydrogenOne Capital Growth has today published a prospectus and, as usual, we are providing you with a link. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to […]
AVI requisitions Third Point Investors meeting – AVI and three other shareholders in Third Point Investors Limited, who between them owning over 17% of Third Point, have today requisitioned the Third Point Investors’ board to convene an extraordinary general meeting. At the meeting, shareholders would vote on a resolution to change Third Point’s investment policy. AVI […]
GCP Student Living on press speculation – GCP Student Living released the following announcement on Friday: “Further to the recent press speculation, the Board of GCP Student confirms that it has received a series of non-binding proposals for the entire issued and to be issued share capital of the Company, other than the shares held by funds […]
There is a fair bit going on in the sector this week but I thought I would highlight the interim results from Polar Capital Global Financials Trust. We don’t always write about interims – six months’ worth of performance is a bit short-term to make a fuss about – but in this case we made […]
Solid results from Civitas Social Housing – Civitas Social Housing has published its full year results for the year ended 31 March 2021. Over that period, the IFRS NAV rose 0.4% to 108.3p. EPRA earnings per share were 6.5% higher at 4.93p and the company says that, at levels of investment at the year end, the […]
Urban Logistics is fundraising – Urban Logistics’ existing funds are fully invested or committed and the company has a strong pipeline of attractive off-market opportunities with a weighted average net initial yield of about 6.1% and average rent per square foot of about £5.40. On 9 June 2021 Urban Logistics said that its board aspires to […]
BlackRock North America sets out revised objective – yesterday, the board of BlackRock North American Income Trust published a shareholder circular setting out recommended proposals for the adoption of a new investment objective and investment policy, and notice of a general meeting of shareholders to approve this. The board says that it is keen that […]
