The boards of European Smaller Companies Trust (ESCT) and European Assets Trust (EAT) have announced that they have reached agreement on the heads of terms for a proposed combination of the two companies. The merger will be implemented via a scheme of reconstruction under section 110 of the Insolvency Act 1986, resulting in the voluntary […]
In QuotedData’s morning briefing 23 June 2025: We also have: Stories you may have missed from Friday:
Downing Renewables & Infrastructure Trust (DORE) has announced that its board has agreed terms for a recommended all-cash acquisition by Polar Nimrod Topco Limited (Bidco), a newly formed vehicle wholly owned by Bagnall Energy Limited. The transaction, which will be implemented via a Court-sanctioned scheme of arrangement, values DORE at approximately £174.6m, or 102.6016p per […]
Aquila European Renewables (AERI) has confirmed the completion of its previously announced Sagres disposal (a hydropower asset in Portugal), with the company receiving €14.7m in sale proceeds. The deal marks a key step in AERI’s managed wind-down process, following the board’s strategic review and shareholder backing for a staged realisation of assets. Looking ahead, the […]
Octopus Renewables Infrastructure Trust (ORIT) has agreed a conditional forward purchase of a sixth solar site at its Ballymacarney complex in Ireland. The new site, named Irishtown, will add 32.6MW of capacity and increase the total output of the complex by 14% to 274MW. The €27m acquisition will be completed following the site’s construction and […]
In QuotedData’s morning briefing 20 June 2025 We also have: Stories you may have missed from yesterday:
European Opportunities Trust (EOT) has announced the results of its 25% tender offer, initially announced in February 2025 (click here to see our coverage of that), saying that it received applications for 29,961,689 shares – 9,938,378 relating to the basic entitlement and 20,023,311 that were excess applications – around 1.93x the number of shares that […]
Personal Assets Trust (PNL) has released its annual results for the year ended 30 April 2025, reporting a NAV total return of 7.5%, which it says is in line with the All-Share Index. Shareholders saw a total return of 7.4%, with the share price ending the year at 511p. Despite elevated volatility across global markets, […]
Rockwood Strategic (RKW) has reported another impressive set of results for the year to 31 March 2025, delivering a NAV total return of 21.0%, materially outperforming both the AIM All-Share (down 8.2%) and the FTSE Small Cap ex-IT index (up 3.4%). The company’s share price total return for the period was 20.8%, as shares continued […]
In a wide-ranging update, Gore Street Energy Storage Fund (GSF) has announced a material overhaul of its fee arrangements with investment manager Gore Street Investment Management, following a recent shareholder consultation. Effective 1 October 2025, the management fee will be reduced and calculated on a blended basis – 1% per annum of the average of […]
