Redefine International has announced the completion of the Placing, which has raised gross proceeds of approximately £115m (net proceeds approximately £109m). A total of 270,588,236 new Ordinary Shares are being issued under the placing. These shares, in aggregate, represent approximately 15.32% of the company’s issued ordinary share capital immediately following admission of the shares. The […]
Herald Investment Trust has announced its annual results for the year ended 31 December 2015. During the period, the company’s NAV grew by 8.4% to 881.8p per share, whilst its share price grew by 13.1% to 745.3p reflecting a narrowing of the discount from 19.0% to 15.5%. Both the share price and the NAV beat […]
Miton UK MicroCap, managed by Gervais Williams (pictured), has announced that pursuant to the placing, offer for subscription and intermediaries offer of C shares (as described in its prospectus published on 4 February 2016) it has raised gross proceeds of £28m with net proceeds expected to be approximately £27.4m. The company says that applications received under the […]
Hansteen Holdings has announced that it has acquired a further 5.5 million units in the Ashtenne Industrial Fund from clients of CBRE Investors for £2.5m cash, which reflects a price of 46.06p per unit. The company says that the acquisition represents 0.9% of the units in issue and increases Hansteen’s holding in the Ashtenne Industrial […]
HgCapital, the Manager of HgCapital Trust has announced that it has made a majority investment in Citation, which they describe as one of the UK’s leading providers of Health & Safety, HR, Employment Law and ISO services to SMEs. HgCapital will assume majority ownership from ECI Partners, investing alongside the existing management team. The terms […]
Alliance Trust has announced that Katherine Garrett-Cox (pictured) will stand down as chief executive of its management company, Alliance Trust Investments Limited (also a subsidiary of Alliance Trust ), and will be leaving the company on 11 March 2016. The company says that this follows discussions between the Board and Katherine about the future requirement […]
Target Healthcare REIT has announced that it has exchanged contracts to acquire a 12-bed specialist care home in Bricket Wood, St Albans for approximately £2.3m (including acquisition costs). The transaction is expected to complete after the expiration of a “planning judicial review period” in March. Following this, Target is to acquire the care home, which […]
MedicX Fund has announced that it has acquired a new primary healthcare centre, in Brynhyfryd, Swansea, by way of forward funding. The property is due to be completed in January 2017 and will be let to a GP practice, the Abertawe Bro Mogannwg University Health Board and a pharmacist. The company says that all leases […]
GLI Finance has announced that, following its previous announcement on 21 December 2015 regarding the development of a strategic relationship with the Somerston Group of companies, that it has agreed binding terms with Golf Investments (a newly formed special purpose vehicle that is part of the Somerston Group). Somerston will be providing finance to GLI […]
Following an announcement on 18 November 2015, from Juridica Investments, that it would no longer make new investments and would be conducting a review of its cost structure, its board have now announced amendments to its fee structure and measures that the company says will reduce its fixed costs going forward. The board says that, […]
