Third Point Investors (TPOU) has published a response to a letter that it received from Asset Value Investors (AVI) on 30 September 2021, in which AVI was pushing for an EGM in which it wanted to put forward proposals in relation to discount control. To summarise, AVI’s request for an EGM has been declined. Rather […]
Ecofin US Renewables Infrastructure (RNEW) has announced that it has contractual commitment to acquire Whirlwind, a 60 MW operating wind asset, for US$49m. The purchase price will be funded by a combination of the remaining net proceeds from the IPO and from the newly established Revolving Credit Facility. The acquisition of Whirlwind is expected to […]
Nippon Active Value Fund (NAVF) is proposing to raise further capital “to pursue its proven model of activist investment in quoted Japanese companies” and has published proposals for a share issuance programme for up to 300 million Ordinary Shares or C Shares over the next 12 months. This programme will include an initial issue which […]
In QuotedData’s morning briefing 22 October 2021: Third Point Investors (TPOU) has published a circular in relation to an EGM at which shareholder approval will be sought for the exchange facility that shareholders are to be offered in 2022, details of which were previously announced on 1 September 2021 (click here to read out story […]
Artemis Alpha (ATS) has announced proposals to cancel its October 2021 25% tender offer and, instead, committing itself to a sustainable share buyback policy with the target of maintaining a narrow discount, similar to the tender price. Shareholders are to be offered an ‘advisory vote’ on the decision (this avoids the cost of publishing a […]
Electra (ELTA), which is soon to be renamed as Unbound has provided an update on the demerger of Hostmore (Click here to see our previous story on Electra’s demerger proposals), which is principally TGI Fridays but also a brand called 63rd and 1st. Subject to approval by Electra shareholders on 1 November 2021, the Hostmore […]
In QuotedData’s morning briefing 15 October 2021: Marwyn Value Investors (MVI) has updated following the completion of Zegona’s tender offer (at £1.535 per Zegona ordinary share). Following the tender, the Marwyn Funds are due proceeds of £45,425,386 attributable to MVI’s ordinary shares and £6,686,881 attributable to MVI’s realisation shares. The Zegona Realisation Share Proceeds, along […]
In QuotedData’s morning briefing 8 October 2021: Biopharma Credit’s listing on the International Stock Exchange (TISE) has been cancelled with effect from today. Marwyn Value Investors (MVI) has announced its results from the Zegona tender offer (previously announced on 8 September – click here to read more). In summary, the Marwyn Funds were able to […]
The drivers that have led to the current energy crisis have been clearly visible for some time and reflect a number of long-term structural challenges that we face. Chief amongst these is climate change and the need to decarbonise but related to this are issues of energy security; the intermittency of renewables; battery technology that […]
JPMorgan Global Growth & Income (JGGI) has published its annual results for the year ended 30n June 2021, which its chairman, Nigel Wightman, describes as “another very satisfactory year for the Company”. During the year, the company’s benchmark, the MSCI AC World Index expressed in sterling, rose by 24.6%. JGGI’s returns were considerably better – […]
