Scottish Mortgage has announced that it has agreed to raise a total of £125 million in long term, fixed rate, senior, unsecured private placement notes, denominated in sterling. The funds raised will be used to retire, in part, an existing bank debt facility of US$165 million which is to due to mature in early April […]
Aberdeen Emerging Markets has announced that it has entered into a one year unsecured multicurrency revolving loan facility, with The Royal Bank of Scotland, for an amount of £25 million. It says that the facility is for general working capital purposes and for the acquisition of investments in accordance with its investment policy. About Aberdeen […]
BlackRock Smaller Companies Trust, managed by Mike Prentis (pictured), has announced that, following consultation with the Company’s largest shareholders it is amending its restriction that AIM listed stocks should not exceed 40% of the Company’s portfolio by value is being raised to 50%. The Trust’s board says that, as the amendment does not constitute a material […]
The Ottoman Fund has announced that it has settled all claims with its former finance director, Ahmet Sinan Kalpakçıoğlu, who it says embezzled money from several of the Company’s Turkish subsidiaries. According to The Ottoman Fund, Ahmet Sinan Kalpakçıoğlu has transferred the shares in Mandalina registered in his name to the Company, discontinued all litigation […]
FastForward Innovations has announced that it has sold out its entire holding of 268,213,880 shares of Blue Star Capital PLC for a cash consideration (after costs) of £305,763. The shares of Blue Star were acquired as consideration for the sale of FastForward Innovations’s holding SatoshiPay Ltd (SatoshiPay), which was announced on 2nd March 2017. The […]
Alliance Trust has confirmed the appointment of Willis Towers Watson (WTW) to manage the Trust’s equity portfolio1, effective from 1 April 2017. As previously announced, WTW has, on behalf of the Trust, selected eight equity managers and the transition to these managers will be completed before the Trust’s AGM. Alliance Trust has also completed the […]
Juridica Investments has announced its results for the year ended 31 December 2016. During the year, the company’s NAV fell by US$0.8891 to US$0.2541 (a reduction of 77.78%). Dividends paid to investors during 2016 totalled 40 pence per share (bringing total life-to-date dividends to £1.036 per share). 2016 saw a total comprehensive loss of US$37.8 […]
Reconstruction Capital II has announced that it has conditionally disposed of 1) its 93% interest in Top Factoring SRL, a Romanian receivables collection company, and 2) the whole of the non-performing loan book held by the Company’s wholly owned subsidiary Glasro Holdings Limited (Glasro). Together these comprise the Top Factoring Group. The purchaser is Intrum […]
BBGI has announced results for the year ended 31 December 2016. Its VAV rose by 13.1% to 126.1p over the period. Dividends totalled 6.25p. 61% of the company’s assets are located outside the UK and denominated in major currencies other than sterling. Currency weakness was a big factor in the NAV move. The portfolio of […]
Pershing Square Holdings (PSH) has announced that it intends to apply for a Premium Main Market listing, for its ordinary shares, on the London Stock Exchange and that, following admission, it expects that its shares will be eligible for inclusion in the FTSE All-Share and FTSE 250 indices. PSH says that its listing on Euronext Amsterdam will […]
