Hansteen Holdings has announced that its all-cash offer, of 300p per share, for Industrial Multi Property Trust (IMPT) has become unconditional. It says that, at 22 March 2017, it had received valid acceptances of its offer in respect of 2,500,657 IMPT shares, representing approximately 29.73% of IMPT’s issued share capital. In addition, Hansteen has acquired […]
LXI REIT has announced that it has exchanged contracts to acquire the Travelodge hotel at Haverhill in Essex, and has now completed on the pre-let forward funded purchase of the Travelodge, Starbucks and Greggs bakery development at Melksham, near Bath, the exchange of which was announced on 10 March 2017. LXI REIT says that both […]
John Laing Infrastructure Fund (JLIF) has announced proposals to issue up to 89.8 million new ordinary shares by way of tap issuance. The company says that the net proceeds of the placing are to be used to repay majority of outstanding sterling debt drawn on its revolving credit facility and that this will create flexibility […]
Dunedin Enterprise has announced its annual results for the year ended 31 December 2016. During the period, the company provided an NAV total return of 2.7% and a share price total return of 0.0%. The company says that, in comparison, the return on the FTSE Small Cap (ex Investment Companies) Index returned 12.5%. The company […]
Weiss Korea Opportunity Fund (WKOF) has published a circular containing details of a ‘realisation opportunity’. When WKOF was launched in 2013 it committed to offer Shareholders a realisation opportunity on or prior to the fourth anniversary of the WKOF’s admission. WKOF also committed to offer similar opportunities every two years thereafter unless it has already […]
Hansteen has announced that its board has agreed to dispose of its German and Dutch portfolios for €1.28 billion to funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate. Hansteen says that the price represents a premium of approximately €76 million (6 per cent.) to the Year End Valuation which itself […]
Real Estate Investors has announced its final results for the year ended 31 December 2016. Paul Bassi, the comopany’s CEO describes the year as one of excellent progress. He says that the company secured record property ownership, revenue and contracted rental income, with underlying profits rising 271% to £5.2 million (2015: £1.4 million). He says […]
Duke Royalty (DUKE) has announced proposals for a conditional placing to raise up to £15.0 million, before expenses, by way of a fundraising. This to comprise a placing and subscription of up to 37.5 million New Shares at a price of 40 pence per share. DUKE says that the net proceeds of the fundraising, which […]
Funding Circle SME Income Fund (FCIF) has announced that it is launching a placing of C Shares under its share issuance programme. This is the company’s first potential share issuance, under its share issuance programme, which was established to raise funds over a twelve month period. The C Share placing is expected to close on […]
BlackRock Smaller Companies Trust, managed by Mike Prentis (pictured), has announced that its board is considering the removal of the current restriction that the value of AIM-listed stocks should not exceed 40 per cent. of the Company’s portfolio. The board says that the proposal comes in the light of the development and evolution of the AIM […]
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