Aquila European Renewables (AERI) says that the court has ruled in favour of The Rock in the appraisal case in of whether the licences to build the project were valid in relation to the dispute with the reindeer herders. The Rock is a 400 MW wind farm located in northern Norway. AERI says that, in […]
The European Smaller Companies Trust (ESCT) has published its initial response to the requisition for a general meeting issued by Saba Capital Management, L.P. (‘Saba’) on 18 December 2024. ESCT’s board says that, having taken legal advice, it deems the requisition to be valid but that it “does not believe there to be any merit […]
In QuotedData’s morning briefing 23 December 2024: Ecofin US Renewables Infrastructure (RNEW) has published a circular in relation to its proposed conditional disposal of its investments in US distributed solar assets (DG portfolio – click here to read more on this) and its decision to pursue a managed wind-down of its business. Subject to shareholder […]
Chrysalis (CHRY) has announced that the sale of its entire holding in Featurespace to Visa, as announced on 26 September 2024 (click here to see our coverage of the original announcement), has now completed and all closing conditions have been satisfied. CHRY will shortly receive the initial cash proceeds of £79m with £11m deferred and […]
Herald (HRI) has issued an initial response to the requisition request from Saba Capital Management LP (you can read more on the original announcement and our thoughts on it by clicking here, and you can see other targets’ responses in a follow up article written by us yesterday here). HRI says that it has received […]
Vishal Mega Mart, the largest investee company of Partners Group Private Equity (PEY), has listed on the National Stock Exchange of India (ticker: VMM) and Bombay Stock Exchange in India (ticker: 544307). Its IPO of 1,026m shares was priced at INR 78 per share, giving a fully diluted equity value of INR 370bn. PEY has […]
Ecofin US Renewables Infrastructure (RNEW) has announced that Eileen Fargis, RNEW’s portfolio manager, will leave Ecofin on 31 December 2024 to pursue a new opportunity. Ed Russell, senior managing director of Ecofin, will become RNEW’s portfolio manager with effect from 1 January 2025. Ed will be supported by Nancy Johnson who heads the finance and […]
In QuotedData’s morning briefing 20 December 2024: Dunedin Enterprise (DNE) has published an updated timetable for the suspension of its shares. DNE says that, if shareholders approve of the Board’s recommended proposals to place DNE into members voluntary liquidation and appoint its proposed liquidators (Gareth Rutt Morris and Jonathan Dunn – both licensed insolvency practitioners […]
JPMorgan Japanese (JFJ) has published its annual results for the year ended 30 September 2024, during which it provided NAV and share price total returns of 24.2% and 22.4% respectively, both comfortably outperforming its TOPIX benchmark index, which provided a total return of +10.3%. The managers say that part of the outperformance reflects their success […]
JPMorgan Emerging EMEA Securities (JEMA) has issued an update in relation to the Russian court order that has been provided by JEMA’s investment manager: “As previously notified, VTB Bank filed a lawsuit against eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA) on 17th April 2024 in Russia seeking to […]
