Along with the notice of its AGM, El Oro has published details of a new proposed rollover into JPMorgan Elect that the board is exploring as an alternative to a liquidation of the Company. The board says that their proposal offers a real choice to shareholders of either cashing out or rolling over into a […]
TwentyFour Income Fund (TFIF) has announced that its intends to raise additional equity capital. The fund raise opens today and new shares are to be issued at a premium of 2% to the unaudited net asset value per share as at 23 November 2018 (to be published on 26 November). TFIF says that the fund […]
The trust formerly known as Chelverton Small Companies Dividend Trust has announced that it is changing its name to Chelverton UK Dividend Trust. According to the company, the change of name is expected to become effective on 15 June 2018 and updated by the FCA and LSE on 18 June 2018. The Company say that […]
PRS REIT invests in Manchester and Merseyside – PRS REIT has announced that it has acquired three development sites, with a combined gross development cost of about £34.4m, and has purchased an additional completed PRS site for about £9.1m. Development sites to provide 238 family homes The three development sites comprise a site in Greater […]
Better Capital PCC has announced that BECAP12 Fund LP, via its subsidiary, C Bidco Limited, has entered into a conditional agreement with Gardner Aerospace Holdings Limited (Gardner), a wholly owned subsidiary of Shaanxi Ligeance Mineral Resources Co. Limited (SLMR), for the sale of the entire issued share capital of Northern Aerospace Limited (NAL) for cash […]
HgCapital, the Manager of HgCapital Trust has announced that it has sold Intelliflo, a Software as a Service (‘SaaS’) business for UK financial advisors, to Invesco, the global investment management company. The terms of the transaction have not been disclosed but it reportedly values HgCapital Trust’s investment in Intelliflo at approximately £16.8m. This company says […]
Out with Raven Russia, in with Raven Property Group – The company formerly known as Raven Russia has announced that, following approval at the company’s AGM, it has changed its name to Raven Property Group (with effect from 4 June 2018). Its ticker has also changed from RUS to RAV. [QD comment: Although no formal explanation has […]
Custodian REIT has announced that it has acquired a 77,242 square foot health and fitness centre in Lincoln, located on the A46 within a mixed use, out-of-town scheme. Businesses in the immediate vicinity include Ibis Hotel, Fayre & Square and Frankie & Benny’s. The agreed purchase price of £4.3m was funded from the Company’s existing […]
GCP Student Living has announces that it is in advanced negotiations to acquire and fund the construction of Scape Brighton. If acquired, this would be the Company’s second asset in Brighton. About Scape Brighton Scape Brighton is a large scale, purpose-built private student development located on the primary campus of the University of Brighton. Scape […]
Vinaland divests its stake in Project SDC – Vinaland has announced that it has divested its entire stake in Project SDC. The Project, which is located in Ho Chi Minh City, was acquired by Vinaland in 2007 and is designated for a commercial use development. Disposal value is 35% below its value at Vinaland’s November 2016 […]
