The board of European Opportunities Trust intends to introduce a performance related tender offer. This follows an extensive shareholder consultation exercise ahead of the forthcoming continuation vote to be proposed at the annual general meeting on 15 November 2023. Proposed conditional tender offer details If the company’s net asset value total return does not equal or […]
Alex O’Cinneide, CEO of the investment manager, commented: “I wish to address fellow shareholders directly regarding the recent performance of the company’s share price, which has been disappointing, particularly considering the company’s continued impressive operating performance. In light of this, the investment manager, Gore Street Capital has purchased shares, as announced on 3 October. [1,260,000 […]
HydrogenOne Capital Growth says that its portfolio company Cranfield Aerospace Solutions has announced a new route to market for its hydrogen fuel cell (HFC) propulsion system, with Dronamics, the world’s first cargo drone airline. Cranfield Aerospace and Dronamics have signed a Memorandum of Understanding to further progress the application of the Cranfield Aerospace’s HFC propulsion […]
In QuotedData’s morning briefing 12 October 2023: North Atlantic Smaller Companies (NAS) has sold its stake in Assisi Pet Care. On a look-through basis the trust invested £3.6m over the course of three years via a buy and build investment strategy and expects to receive at the closing, approximately £11m. This represents an uplift on […]
The SEC has declared that Pershing Square SPARC Holdings, Ltd’s registration statement is effective. The company is targeting companies looking to raise at least $1.5bn of capital – that could be for private companies looking to list and provide an exit to founders and/or companies looking for additional equity capital. Pershing Square believes that this […]
In the circular published today in connection with Hipgnosis Songs Fund’s planned catalogue disposal, the board has introduced some surprise elements to the proposals: The board says that if the continuation vote is passed at the 2023 AGM, there will be another at an extraordinary general meeting in January 2026, again at the AGM to […]
Bluefield Solar Income Fund has published results for the year ended 30 June 2023. As previously announced, the NAV eased slightly to 139.7p from 140.4p, as higher discount rates (used to discount BSIF’s forecast cash flows to calculate the NAV) and higer interest rates marginally outweighed the positive impact of higher power prices and inflation. […]
Henderson Eurotrust has published results for the 12 months ended 31 July 2023. Over the period, it delivered an NAV return of 16.7% and a share price return of 19.7% – both ahead of the benchmark return of 16.1% and well-ahead of the peer group NAV return of 14.6%. The dividend was maintained at 3.8p. […]
HICL Infrastructure has agreed to dispose of a portfolio of five assets to John Laing. The portfolio is made up of HICL’s entire equity interest in four UK PPP projects; Queens (Romford) Hospital, Oxford John Radcliffe Hospital (“OJR”), Priority Schools North East Batch and South Ayrshire Schools, in addition to half of its investment in […]
Digital 9 Infrastructure says that its board has elected to not declare its Q2 2023 dividend. Higher interest rates and the inability to raise fresh equity have put pressure on its liquidity. At 30 June 2023, the Group had about £47m of unrestricted cash available and £18.8m remaining undrawn from its £375m revolving credit facility […]
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