LMS Capital is proposing to return up to £11 million to shareholders by way of tender offer and repurchase of up to 16.29% of the issued share capital of the Company at a price of 70p per Ordinary Share. The company says that the tender offer price represents a 5% discount to the 30 June […]
Tritax Big Box REIT has announced that it has exchanged conditional contracts to purchase a development site at Littlebrook, Dartford. The freehold of the former Littlebrook Power Station site has been acquired, for a total consideration of £65million (excluding purchaser’s costs), which is being funded by the Company from equity. Good access to rail and […]
BlackRock Throgmorton Trust has announced a change in the management fees payable to its manager, BlackRock Fund Managers Limited. Under the new fee structure, the base management fee will be reduced from 0.70 per cent. to 0.35 per cent. of gross assets per annum with effect from 1 August 2017. The performance fee is also […]
NewRiver REIT has announced that it has exchanged contracts for the pre-sale of the entire residential element of its major mixed-use regeneration of Burgess Hill town centre. Delph Property Group, which NewRiver REIT describes as a well-established family run residential investment company, has agreed to purchase all 142 residential units for £34 million. It also […]
Redefine International has announced that it has submitted a proposal to International Hotel Properties Limited to increase its shareholding in IHL from 17.24% to 50%. International Hotel Properties is listed on the Euro MTF market of the Luxembourg Stock Exchange and on the AltX of the Johannesburg Stock Exchange (JSE). Redefine International say that it […]
John Laing Environmental Assets (JLEN) has announced that its placing has raised £40 million through the issue of 38,834,951 new ordinary shares at a price of 103 pence per new ordinary share. JLEN says that the Placing was significantly oversubscribed and applications have been scaled back in accordance with the terms of the placing. The […]
Schroder UK Growth Fund (SDU) has released it annual results for the year ended 30 April 2017. During the period, the company provided an NAV total return of 17.5% and a share price total return of 13.9%, both underperforming its benchmark, the All-Share Index, which the company says provided a total return of 20.1%. The manager […]
Syncona has announced its annual results for the year ended 31 March 2017. It was a year that the company describes as ‘transformative’ with strong performance across the business. It lists the following highlights: Net assets at year end of £895.2m, 136.0p per share, a total return of 12.5%; Successful completion of the acquisition of […]
TwentyFour Income Fund (TFIF) has announced its annual results for the year ended 31 March 2017. During the period, the company’s NAV grew by 10.2% whist its share price grew by 12.8% reflecting a widening of its premium to NAV from 1.94% to 4.29%. The company also paid dividends of 6.99p (2015: 7.14p). Including dividends, […]
European Real Estate Investment Trust (European REIT) has announced that it will return £6.0 million (equivalent to 77.6 pence per share) on 21 July 2017 by way of a compulsory partial redemption of shares (this the ‘Eighth Redemption’). The Eighth Redemption European REIT says that the Eighth Redemption will be conducted at the estimated unaudited […]
