The Renewables Infrastructure Group that it has raised gross proceeds of £78m from its recent fund raising and that a total of 78m new ordinary shares will be issued at a price of 100p per share. Of this, 16,011,486 new ordinary shares will be issued as the final tranche of the company’s share issuance programme and […]
VinaCapital Vietnam Opportunities Fund has provided an update on its proposed move from trading on AIM to the ‘Premium Segment’ of the London Stock Exchange’s Main Market. The move was scheduled to occur at 7.00 a.m. on 20 November 2015 but has been delayed and is now expected to take place in January 2016. The […]
Schroder Real Estate Investment Trust has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s NAV increased by 5.6% to 60.9p (31 March 2015: 57.7p), whilst the underlying EPRA earnings per share increased by 9% year-on-year to 1.2p (six months to 30 September 2014: 1.1p). The company says […]
International Public Partnerships has announced that it has raised £180m through a placing, open offer and offer for subscription. The company says that the issue was very significantly over subscribed and a total of 137,142,857 shares will now be issued at a price of 131.25p per share. The new shares are expected to be admitted to […]
Utilico Investments shareholders approve name change. As part of its annual results release in September, the board of Utilico Investments announced that, given the continued diversification of the portfolio away from utilities, they considered it appropriate for the company to change its name to UIL Limited. A resolution to approve the name change has now been passed […]
Empiric student property has announced that it has exchanged contracts, subject to planning, on a forward funded development in Glasgow. The scheme, known as 155 George Street (pictured), is an 89 bed premium student accommodation development. The total investment is £9.6m, which is to be invested in stages against development milestones. Empiric is to acquire the […]
Greencoat UK Wind proposes to raise £50m. Greencoat UK Wind has announced that it intends to raise up to £50m through a placing of its ordinary shares by way of a tap issue to institutional investors. Tim Ingram, Chairman of the company, has said that they are currently working towards a particular acquisition and that […]
Assura has announced that, following its recent equity raise, it has repaid £181m of long term debt held by Aviva Commercial Finance, with associated early repayment costs of £34m. The weighted average interest rate on the loans redeemed was 5.4%. This repayment is in line with the debt reduction plan announced in the company’s prospectus […]
Global Resources Investment Trust announced on the 2 November that, as a result of its NAV falling to 34.58p per share, its total assets equated to 3.94x the value of its convertible. One of the covenants that GRIT has been obliged to abide by, since the convertibles were issued, is that the asset cover on the convertibles should […]
Martin Currie Asia Unconstrained (formerly Martin Currie Pacific) has announced its interim results for the half-year ended 30 September 2015. During the period the trust, managed by Andrew Graham (pictured), has reportedly given up most of the gains made in the previous financial year to 31 March 2015. On a total return basis, the trust’s NAV […]
