Redefine International has announced that it has submitted a proposal to International Hotel Properties Limited to increase its shareholding in IHL from 17.24% to 50%. International Hotel Properties is listed on the Euro MTF market of the Luxembourg Stock Exchange and on the AltX of the Johannesburg Stock Exchange (JSE). Redefine International say that it […]
John Laing Environmental Assets (JLEN) has announced that its placing has raised £40 million through the issue of 38,834,951 new ordinary shares at a price of 103 pence per new ordinary share. JLEN says that the Placing was significantly oversubscribed and applications have been scaled back in accordance with the terms of the placing. The […]
Schroder UK Growth Fund (SDU) has released it annual results for the year ended 30 April 2017. During the period, the company provided an NAV total return of 17.5% and a share price total return of 13.9%, both underperforming its benchmark, the All-Share Index, which the company says provided a total return of 20.1%. The manager […]
TwentyFour Income Fund (TFIF) has announced its annual results for the year ended 31 March 2017. During the period, the company’s NAV grew by 10.2% whist its share price grew by 12.8% reflecting a widening of its premium to NAV from 1.94% to 4.29%. The company also paid dividends of 6.99p (2015: 7.14p). Including dividends, […]
Syncona has announced its annual results for the year ended 31 March 2017. It was a year that the company describes as ‘transformative’ with strong performance across the business. It lists the following highlights: Net assets at year end of £895.2m, 136.0p per share, a total return of 12.5%; Successful completion of the acquisition of […]
BlackRock Income and Growth Investment Trust (BRIG) has announced that Mark Wharrier, co-portfolio manager of the Company, has resigned to pursue another role. It says that Adam Avigdori, who has been co-portfolio manager of the Company since November 2011, continues as co- portfolio manager, while David Goldman, a senior director within the BlackRock UK Equity […]
European Real Estate Investment Trust (European REIT) has announced that it will return £6.0 million (equivalent to 77.6 pence per share) on 21 July 2017 by way of a compulsory partial redemption of shares (this the ‘Eighth Redemption’). The Eighth Redemption European REIT says that the Eighth Redemption will be conducted at the estimated unaudited […]
BBGI SICAV has announced that it has signed an agreement to invest in five existing PPP projects and gain access to what it describes as, “a robust pipeline of future PPP projects in Canada”. The agreement is with a subsidiary of SNC-Lavalin Group to invest in an investment vehicle (referred to as a “Partnership”) which […]
CVC Credit Partners European Opportunities has announced the result of its placing of sterling and euro treasury shares (originally announced on 19 May 2017). The Company has raised £77.55 million and €13.87 million from the sale of sterling and euro treasury shares respectively. It says that it will therefore sell, from treasury, 69,197,176 Sterling ordinary […]
Caledonia Investments has announced that it has reduced its holding in Cobehold SA (Cobehold) from 8.7% to 5.4%, realising €58.2m. As a result of a forward foreign exchange contract previously put in place to hedge the proceeds from the anticipated sale, Caledonia says it will receive £50.6m. Cobehold is the holding company of Cobepa SA, […]
