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 […]
The board of Ludgate Environmental Fund (Ludgate) and The general partner of Headway Investment Partners III L.P. (Headway) have announce that they have reached agreement regarding the terms of a recommended cash offer to be made by Headway for the entire issued ordinary share capital of Ludgate, which will be effected by means of a […]
Schroder UK Mid Cap Fund has announced its annual results for the year ended 30 September 2016. During the period, the Company’s net asset value produced a total return of 6.5%, which it says compared to a total return of 8.6% for its benchmark, the FTSE 250 (ex-Investment Companies) Index. The trust’s chairman (Eric Sanderson) […]
Gemfields plc has completed its seventh auction of rough rubies from the Montepuez ruby mine, in Mozambique, in which it has a 75% interest (local partner 25%). The auction raised US$30.4m, the fourth highest ruby auction total to date. The company sold almost 1.1 million carats (85% by value of the total offered) at an […]
Oakley Capital Investments Limited has announced that it has been informed that Oakley Capital Private Equity III (Fund III) has agreed to acquire a portfolio of European real estate websites including Casa.it in Italy and atHome.lu in Luxembourg. Oakley is backing the existing management team to acquire the business in a carve-out from its parent […]
Hibernia REIT has announced that it has agreed a new non-renewable six year lease with the Office of Public Works (OPW) at Harcourt Square, commencing in January 2017. The OPW will pay annual rent of €6.0m for the offices, car parking and ancillary facilities plus a one-off arrears payment of €0.5m. Hibernia acquired Harcourt Square […]
Epiris, the manager of Electra Private Equity, has announced the sale of Electra’s interest in Innovia Group, a manufacturer of speciality films and substrate for polymer banknotes. Innovia Group has been sold to CCL Industries in a transaction that places an enterprise value on Innovia of $1.13 billion. Espiris says that, based on current exchange […]
Caledonia Investments has announced that it has agreed terms for the sale of Park Holidays UK, reportedly the UK’s third largest holiday park operator, to Tiger Bidco Limited, a special purpose vehicle incorporated by Intermediate Capital Group plc, for a headline enterprise value of £362m. Caledonia says that it will receive £197m in cash, net […]
Epiris, the manager of Electra Private Equity, has announced that it has agreed the sale of Parkdean Resorts, a leading UK operator of caravan holiday parks, to Onex Corporation, for £1.35 billion. Espiris says that it anticipates that the transaction will close in the first quarter of 2017, subject to customary regulatory approvals. Espiris says […]
GCP Student Living has announced the results of its placing, which it says was substantially oversubscribed. As a result of the placing, which raised raise gross proceeds of £23m, the company is issuing 16,428,572 ‘placing shares’ at 140p per share. The company says that, following the issue of the placing shares, the 2016 placing programme […]
Dunedin Smaller Companies Investment Trust has announced its annual results for the year ended 31 October 2016. During the period, the company provided an NAV total return of 7.0% and a share price total return of 4.1%. According to the company, this compares against a total return of 6.7% for its benchmark index, the FTSE […]
SVG Capital has announced the results of its tender offer, the details of which were set out in the company’s shareholder circular published by the Company on 17 November 2016. The company says that 122,492,644 ordinary shares were validly tendered and, following application of the scale-back mechanism, 48,951,048 ordinary shares will be purchased at a […]
Oakley Capital Investments has announced that it is declaring its maiden dividend of 4.5p per share in respect of the 2016 financial year. The dividend will be paid on 30 January 2017 to shareholders registered on 30 December 2016. Thereafter, its Board says that it will adopt a dividend policy which takes into account the […]
Alliance Trust has made an announcement regarding the outcome of its strategic review. Rather than cut and paste it, we have attached a pdf of the announcement here: 20161215-atst-rns-outcome-of-strategic-review Alliance Trust completes strategic review : ATST
Chelverton Small Companies Dividend Trust has announced its interim results for the half year ended 31 October 2016. During the period, the trust’s NAV fell by 2.97%, which it says compares against a rise in its benchmark index, the MSCI UK Small Cap Index, of 6.13%. The trust paid a dividend of 3.7p per share […]
Green REIT has announced that it has signed an agreement to lease the entire of its newly-developed office building at 32 Molesworth Street in Dublin 2 (pictured), which comprises approximately 2,973 square meters (32,000 square feet) of lettable area. The agreement is for 20 years, which the company says is with an international services provider, […]
Baring Emerging Europe has announced proposals to return capital to shareholders through a tender offer of up to 10 per cent. of the issued share capital of the Company at a 2.5 per cent. discount to net asset value per share as at 24 January 2017. The Company is also proposing a change of its […]
F&C Global Smaller Companies has announced its interim results for the half-year ended 31 October 2016. During the period, the company has provided an NAV total return of 18.0% and a share price total return of 17.4%. The returns are modestly below that of the company’s benchmark index, which is calculated from the returns of […]
New City Energy’s board of directors has been reviewing, with the investment manager, the future prospects of the company ahead of the next continuation vote. Given the current market capitalisation of the company, the prevailing share price discount and the short to medium term outlook for the oil price, the board has decided that it would be […]
Invesco Asia Trust has announced its interim results for the six months ended 31 October 2016. During the period, the company provided NAV and share price total returns of 33.6% and 37.1% respectively. In both cases outperforming the company’s benchmark index, the MSCI AC Asia ex Japan Index, which the company says returned 32.1%. The […]
GCP Infrastructure Investments has announced its annual results for the year ended 03 September 2016. During the year, the company says it provided a share price total return of 15.6% and a total return since its IPO of 91.1%. Profit for the year was £54.4m, an increase of 11.7% year-on-year (2015: £48.7m), and the company […]
Highcroft Investments has announced that it has agreed the sale of its freehold interest in its property at High Street, Staines to private investors. It is expected that contracts will be completed within two months. The property comprises three retail units with offices and storage on the first floor and planning consent was recently obtained […]
Eastern European Property says that an agreement was signed on 12 December 2016 to sell its Romanian subsidiary, Southern Properties SRL, the holding company for the property located in Bucharest. The consideration is expected to be EUR 1.50 million (c. GBP 1.27 million) after allowing for local transaction costs and related company costs. This compares to a valuation […]
Oryx International Growth reports that for the six months ended 30 September 2016 its net asset value rose by 10.7%, beating the Small Cap Index by over 4.5%. The rise in the NAV over the last five years now equals 114% as against 77% for the index. The report says that the increase in the net […]
