HarbourVest Global Private Equity (HVPE), has announced that it has renewed its existing $500m multi-currency credit facility with Lloyds Bank plc and Credit Suisse AG. HVPE says that Lloyds Bank has maintained its $300m commitment, with Credit Suisse AG continuing to commit $200m. The Facility, which retains similar covenants, has been extended to December 2020. […]
Safestore Holdings (Safestore) has announced its annual results for the year ended 31 October 2016, which it describes as being, “A third consecutive year of double-digit EPS growth”. During the period, Group like-for-like revenue was up 10.0%, or 8.1% at constant exchange rates (CER), with the UK up 9.2% and Paris up 5.0%. Underlying EBITDA […]
Taung Gold International Limited has agreed to acquire an effective 21% interest in a copper-gold exploration licence, in Pakistan, for a total consideration of HK$146 million (US$18.8 million). The exploration licence comprises three ore bodies, South Borgar, East Borgar and North Koh-e-Daleel, which lie approximately 68km North-West of Nok Kundi town in the Chagai district […]
Toachi Mining (TIM:TSX-V) The company reported results from its on-going drill program at La Plata, a gold-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. A first phase metallurgical optimisation programme has also been initiated. Hole CMLP-16-14: [email protected] g/t Au, 49.74g/t Ag, 2.40% Cu, 11.82%Zn an 0.97%Pb from 135.57m. Included within this zone is a higher grading […]
Polo Resources will send a Circular to adopt a new investing policy in accordance with AIM Rule 8 and a Revised Share Options Plan. The Company became an investing company under AIM Rules in July 2010 to invest in the resource and energy sectors. Whilst the Board is seeing improvements in market sentiment across the natural resources […]
Candover Investments has announced a partial realisation of its investment in Parques Reunidos (Parques). This realisation follows a first partial realisation, completed at the time of the initial public offering of Parques, in April 2016. Candover says that it has disposed of 26% of its interest in Parques for cash proceeds of approximately €9.9m (£8.4m) […]
Central Asia Metals (CAML:AIM) Q4 2016 and full year production update for the Kounrad dump leach, SX-EW copper recovery plant in Kazakhstan was 3,010 tonnes of copper cathode; total production for 2016 was 14,020 tonnes, a 16% increase on 2015. Copper cathode sales for the year ending 31 December 2016 were 13,938 tonnes which was a […]
HICL Infrastructure has announced that has acquired equity interests in two Dutch public-private partnership (PPP) projects from Ballast Nedam (Ballast). One is a 20% interest in the A9 Gaasperdammerweg Road Project in the Netherlands (the A9 Project) and the other is an incremental 25% interest in the Zaanstad Penitentiary Project (the “Zaanstad Project”). The total […]
ICG Enterprise Trust has announced the sale of its investment in Micheldever Group Ltd (Micheldever), reportedly the second largest distributor of tyres to independent retailers in the UK, to Sumitomo Rubber Industries. ICG Enterprise held Micheldever directly and through Graphite Capital Partners VI (Graphite VI). Combined, Micheldever was ICG Enterprises’s largest underlying investment at 31 […]
Highbridge Multi-Strategy Fund has announced that, noting the reduction in the discount of the share price to NAV over the subsequent three months and also the recent stability of the discount at around 5%, the fund’s Board has canvassed the views of a number of larger Shareholders, a majority of whom have indicated that they […]
Adamas Finance Asia (ADAM) has announced that it has agreed terms for the sale of its indirect 15% interest in the Tian Tong Shan Villa Project (the TTS Project), a resort development in Fujian Province, China for a total consideration of up to RMB 113.58m (approximately US$16.4m). The arrangements appear to be somewhat complicated and […]
JPMorgan Russian Securities has announced that, following consultation with the Company’s large shareholders and its advisers, it plans to introduce, subject to shareholders approving a resolution in favour of the Company’s continuation as an investment trust at the Company’s AGM on 7 March 2017, a measure that places an obligation on the Board to make […]
NextEnergy Solar Fund (NESF) has announced that it has signed and exchanged two separate share purchase agreements to purchase four plants for a total of £21m. The first agreement covers a portfolio of three solar plants (Bowden, Stalbridge and Long Ash Lane) of 5MWp each. The second agreement covers the 5MWp Mill Farm solar plant. […]
Industrial Multi-Property Trust (IMPT) has announced that, in addition to the EGM already convened for 19 January 2017 by Alpha Real Trust (an 18.7% shareholder in IMPT), IMPT’s directors are convening a second EGM for 27 January 2017. Rather than cut and paste from the announcement, we have attached a copy of it here. However, the […]
In its dividend announcement of 15 December 2016, Funding Circle SME Income Fund advised that its board has decided to offer shareholders a choice to receive dividends in cash or in shares via scrip dividend, with further details on the scrip dividend alternative to be provided in due course. The Company has now announced that it […]
UK Mortgages Limited has announced that terms have been agreed, and signed, for the purchase of an existing pool of mortgages, which, if completed, will be UKML’s third transaction and will deploy its remaining investible capital. The company says that it expects the transaction will be completed early in 2017, following the finalisation of certain […]
VPC Specialty Lending has announced that, on 30 December 2016, it completed its first share repurchase under its new buyback programme. 1.5m shares were repurchased at a price of 77.25p per share, this being a 20.4% discount to the company’s most recently published NAV of 96.99p per share on 31 October 2016. The company says […]
The Board of Aberdeen Frontier Markets in consultation with Aberdeen Fund Managers Limited and Numis Securities, and following discussions with certain shareholders, believe that there remains demand for a listed, Aberdeen-managed, closed end frontier market vehicle, providing exposure to the Frontier Markets of Africa, the Middle East, Eastern Europe, Asia and Latin America. Following these […]
Ranger has made an announcement related to the bankruptcy of Argon Credit – it is a complex topic so here’s the main body of the text of that announcement. The Company notes the recent press coverage relating to the filing for Chapter 11 bankruptcy by Argon Credit, LLC and Argon X, LLC (together, “Argon”). The […]
VPC Specialty Lending has announced that, in light of the significant disparity between the Company’s share price and its Net Asset Value per share, it will commence a share buyback programme. As at the date of the announcement (22 December 2016), the Company says that its shares are trading at a 17.9% discount to net […]
Civitas Social Housing (Civitas) has announced that it has completed a £15m acquisition of a portfolio, with an initial net yield of 6.5%, comprising the freehold interest in 17 supported living properties in Gloucester, Weston-Super-Mare, the Wirral and Durham. The acquisition is the company’s second since its IPO and the portfolio provides long term housing […]
Tritax Big Box REIT (Tritax) has announced that it has exchanged contracts (conditional on receiving planning consent) to provide forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The two facilities are pre-let in their entirety under two separate leases to Howdens Joinery Group Plc (Howdens) and the investment […]
Custodian REIT has announced the purchase of two properties – one in Liverpool, for £6.4m, and one in Stoke-on -Trent for £4.855m. Both purchases have been funded from the company’s existing debt facilities increasing its loan to value to 18.0%. The Liverpool property is a 34,686 square foot unit on Hanover Street, which is located […]
F&C Commercial Property Trust has annnounced that, on 22 December 2016,it completed the sale of its Freehold interest in 25 Great Pulteney Street, London W1 for £54.4m, which reflects a net initial yield of 3.95 per cent. 25 Great Pulteney Street is a seven-storey building, which the trust says provides high quality, contemporary, Grade A […]
Electra Private Equity has announced the final results of its tender offer, details of which were set out in the circular to shareholders published by on 8 November 2016. The strike price is 4,650 pence and a total of 1,987,768 ordinary shares were validly tendered and, accordingly, all valid tenders will be satisfied in full. […]
EPE Special Opportunities has announced that it intends to commence purchasing its ordinary shares and that the transactions will be in line with the Company’s stated policy to pursue Share Buy Backs. The proposed Share Buy Backs will be funded by the Company’s cash reserves. The Ordinary Shares will be purchased by a wholly owned […]
JPMorgan Asian Investment Trust has announced proposals to change its discount management and dividend policy. The trust says that its board has been disappointed and concerned by the widening of the Company’s discount over the year particularly against the background of exceptional investment performance. The trust has a continuation vote at its AGM on 2 […]
John Laing Infrastructure Fund (JLIF) has announced that it has signed a Sale and Purchase Agreement with respect to an indirect 6% minority shareholding in the Intercity Express Programme Phase 1 (IEP) project, from John Laing Investments Limited. The Company says that the total consideration for the acquisition will be approximately £42.4m, which will be […]
Riverstone Energy has announced that it has sold its entire CAN$ 28m second lien loan (approximately US$ 21 million) interest in Canadian International Oil Corp (CIOC) to an affiliate of Kendall Family Investments, LLC. The consideration payable by the Kendall Family Investments affiliate reportedly reflects the par value of the loan. Riverstone Energy says that […]
Summit Germany has announced that it has sold a property located in Hamburg for a cash consideration of €14 million. It says that the property is a vacant office building, following lease expiry in September 2016, and that the proceeds from this disposal are in line with the last independent property valuation and will be used […]
