Aberdeen New India to introduce conditional tender offer following underperformance – Aberdeen New India (ANII) has posted its full year results for the 12 months to 31 March 2022. During this time its NAV returned 11.2% while its share price total return was 3.7%. This compares with a 23.9% return from the MSCI India Index. […]
Templeton Emerging Markets reduces management fee – Templeton Emerging Markets (TEM) has confirmed that its management fee arrangements with Franklin Templeton Investment Trust Management Limited will change. The current annual management fee is 1% of net assets up to £1bn and 0.80% of net assets above that level. With effect from 1 July 2022, the […]
In QuotedData’s morning briefing 1 July 2022: BMO Private Equity (BPET) has changed its name to CT Private Equity, BMO Commercial Property has changed its name to Balanced Commercial Property, BMO Real Estate Investments has changed its name to CT Property Trust, and BMO Managed Portfolio has changed its name to CT Global Managed Portfolio. […]
DP Aircraft 1 to go ahead with $750,000 fundraising plan – Following its announcement in April this year, DP Aircraft 1 (DPA) has decided to proceed with plans for a fundraising through the issue of new ordinary shares by way of tap issuance. The tap issue will provide for the issue of up to 30,000,000 […]
Africa Opportunity announces mandatory redemption of shares – Africa Opportunity (AOF) has announced a mandatory redemption of shares via an initial capital distribution in respect of its ordinary shares of US$0.01 each. The trust has benefited from realisations from its underlying portfolio and has resolved to return a total of $4.5m to AOF ordinary shareholders. […]
Asset Value Investors raises concerns over Fujitec board’s actions – Asset Value Investors, manager of AVI Japan Opportunity (AJOT) and AVI Global Trust (AGT) has called into question the credibility of Fujitec’s current board following its failure to hold former President Takakazu Uchiayma to account for decades of related-party transactions and after the debacle at Fujitec’s AGM where, […]
VH Global Sustainable Energy Opportunities raises £122m which it hopes to commit within three to six months – VH Global Sustainable Energy Opportunities (GSEO) has successfully completed its Placing, Open Offer, Offer for Subscription and Intermediaries Offer, raising gross proceeds of £122m. A total of 110,909,091 new shares will be issued at a price of […]
In QuotedData’s morning briefing 29 June 2022: Tufton Oceanic Assets (SHIP) has applied to introduce an additional market quote for its shares on the London Stock Exchange denominated in GBP Sterling, which will appear alongside the existing US Dollar market quote. There will be no changes to the legal form or nature of SHIP’s shares […]
Trian shareholders call for EGM to replace three directors for not meeting ‘required standards of corporate governance’ – An ad hoc committee established by a group of independent investors in Trian Investors 1 Limited has called for an extraordinary general meeting to propose the removal of three of its directors and nominating two others to […]
In QuotedData’s morning briefing 20 June 2022: Utilico Emerging Markets (UEM) has posted its final results for the year to 31 March 2022, during which time it delivered an NAV total return of 14.9% and a share price return of 17.6%, way ahead of the MSCI EM total return index which was down 6.9% over […]
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