Qannas Investments Limited has announced the results of its tender offer to purchase up to 8,414,968 ordinary shares at a tender price of US$0.95 per ordinary share (approximately US$7.99 million in total). The Company says that that a total of 8,414,968 Ordinary Shares have been tendered and that tenders for up to 10.77% of shareholders’ […]
Better Capital PCC has announced that its 2009 Fund (BECAP Fund LP) has disposed of its interests in Santia Holdco Limited, together with its wider trading group, Santia. Santia is a provider of health & safety and accreditation services, which was acquired on 1 February 2011 from the administrators of Connaught plc. Santia was sold […]
Bluefield Solar Income Fund has announced that, following its placing and offer for subscription, it has received commitments for 30,098,639 new ordinary shares under the placing and 901,361 new ordinary shares under the offer for subscription. As such, 31.0m new ordinary shares are to be issued at a price of 102p per share, raising gross […]
Monks Investment Trust has announced its interim results for the six months ended 31 October 2015. Over the period, the company’s NAV lost 3.5% in total return terms, modestly outperforming the FTSE World Index which lost 4.3% (all in sterling terms). Reflecting a modest widening of the discount during the period, the share price total […]
LondonMetric Property has announces that it has sold its PC World property in Hove to clients of Aberdeen Asset Management PLC for £13.6m, reflecting a net initial yield of 5.4%. LondonMetric acquired the asset for £8.1m and recently signed a new 15 year lease (with a break at 10 years) with PC World at a […]
Renewable Energy Generation has provided an update on the proposed sale of the Group’s Business to a fund managed by BlackRock, which values the company’s equity, before exit costs, at £64.5m. The board is recommending that shareholders approve the proposals related to the transaction and an EGM is being convened on 18 December 2015. If […]
Standard Life UK Smaller Companies Trust, managed by Harry Nimmo (pictured), has announced some changes to its managaement fee and discount control policy. The company has agreed with the investment manager that, with effect from 1 January 2016, a tiered management fee will be introduced with the current fee of 0.85% continuing to apply to […]
RAB Special Situations has given notice of an EGM to be held on 17 December 2015 at which shareholders are to be given the opportunity to decide whether the company should continue as an investment company. Based on discussions with major shareholders, the board believe this resolution will not pass and, assuming it doesn’t, shareholders […]
F&C Capital and Income Trust, chaired by Steven Bates (pictured), has announced its final results for the 12-months ended 30 September 2015. During the year the company’s NAV and share price total returns were 3.5% and 3.1% respectively, beating the trusts benchmark index, the FTSE All-Share, which fell 2.3%. The dividend has also been increased for […]
LMS Capital has announced its intention to return up to £40m to shareholders through a tender offer and repurchase of up to 29.98% of the ordinary shares of the Company. The proposed tender offer is the fourth made since the approval of the Company’s realisation strategy in November 2011 and will, if approved, bring the […]
