VH Global Sustainable Energy Opportunities seeks to raise £258m – VH Global Sustainable Energy Opportunities (GSEO) has announced plans to raise new capital under its placing programme, through the placing of new Ordinary Shares at a price of 101.5 pence. GSEO intends to use the proceeds of the Placing to fund the continued deployment into […]
In QuotedData’s morning briefing 8 November 2021: HICL Infrastructure (HICL) has acquired, indirectly, a 33.3% interest in Road Management Group, a holding company which comprises two UK shadow toll roads: the A417/A419 Swindon-Gloucester and the A1(M) Alconbury-Peterborough. The interest was acquired from Abertis Infraestructuras for a combined consideration of up to £34.4m. This investment will be funded by […]
QuotedData’s weekly news show 5th November 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: ThomasLloydEnergy Impact abrdn China Investment Company Gresham House Strategic GreencoatUKWind This week’s interview was with Rory Bateman from […]
Over 70% of Aberdeen New Thai shares opted for cash – In advance of the planned combination of the assets of Aberdeen New Thai with abrdn China Investment Company. shareholders in Aberdeen New Thai have made the following elections (including deemed elections – eligible shareholders that made no election were deemed to have elected for […]
Here at QuotedData we like a company that takes the bull by the horns and gets on with things. So it was good to see two significant announcements this week from Land Securities (Landsec) that certainly shows courage in their convictions. As we reported this week, Landsec announced it had agreed to takeover listed regeneration […]
Harmony Energy Income Trust Plc (HEIT) has announced the results of its IPO, which has raised gross proceeds of £210m. The Initial Issue has raised gross proceeds of £186.5 million through the Placing and Offer for Subscription and the Company has issued c. 23.5 million Ordinary Shares in connection with the acquisition of the Seed […]
Industrials REIT has acquired three multi-let industrial (MLI) estates, as it nears its target of being a fully focused MLI REIT by 31 March 2022. The three estates, in Birkenhead, Coatbridge, and Stockton on Tees, have been purchased in separate transactions for a total consideration of £18m, reflecting a blended net initial yield of 7.1% and […]
Urban Logistics REIT has acquired three assets for a total of £29.0m at a blended net initial yield (NIY) of 6.7%, as it continues deployment of its recent equity raise. The assets include two income producing assets providing immediate additional revenue and the forward funding of a development project. As a result Urban Logistics has […]
The board of Gresham House Strategic (GHS) has provided an update following the requisition request by Gresham House Plc (GHE) dated 14 October 2021. To summarise, GHE has irrevocable undertakings that, when combined with its own holding, amount to 46.8% of GHS’s issued share capital and so its board has concluded that the resolutions will […]
BlackRock Greater Europe (BRGE) has announced its annual results for the year ended 31 August 2021, which its chairman, Eric Sanderson, describes as having been a very successful one, with regard to excellent absolute returns and also relative to BRGE’s reference index, which he says has resulted in significant demand for BRGE shares. Since the […]
In QuotedData’s morning briefing 5 November 2021: Hg has announced an additional investment into Litera, that will result in HgCapital Trust (HGT) investing approximately £28.2 million in Litera, alongside other institutional clients of Hg. The latest transaction represents an uplift on HGT’s current investment in Litera of £48.0 million (68%) or 10.8 pence per share […]
Derwent London has exchanged contracts to acquire Conoco House and Quadrant House at 230 Blackfriars Road, SE1 in Southwark, for £55.0m. It has bought the 100-year leasehold interest in the property, where the ground rent is fixed at £5,000 per annum. Conoco House, a 1970s office building comprising 60,300 sq ft, is multi-let at a […]
New Asian renewables fund – ThomasLloyd Energy Impact ThomasLloyd Energy Impact Trust (TLEI) is aiming to raise up to $340m for a new fund established to invest in a diversified portfolio of unlisted sustainable energy infrastructure assets in fast-growing and emerging economies in Asia. There will be a placing, offer for subscription and intermediaries offer […]
Syncona backs launch of Clade Therapeutics – Syncona was the lead investor in the $87m Series A financing of Clade Therapeutics, a new cell therapy company. Syncona’s commitment was $30m and the first tranche of that – $15.0m – has been invested already. Syncona’s stake in the company is 22.6% (assuming all commitments are invested). […]
In QuotedData’s morning briefing 4 November 2021: Tufton Oceanic (SHIP) plans to issue up to 28,057,140 shares at $1.39 via a placing. The money raised will be used to fund the purchase of additional ships. The number of shares is 10% of the existing issued share capital. The issue price is 1.4% discount to the […]
Land Securities (LAND) has acquired a 75% stake in MediaCity, the 37 acre media, digital and tech hub home to the BBC in Salford, Greater Manchester, for £425.6m. The site was previously owned by a 50:50 joint venture between Legal & General and Peel L&P. Landsec will partner with Peel L&P who will retain a […]
In QuotedData’s morning briefing 3 November 2021: Riverstone Credit Opportunities Income (RCOI) has exited its holding in Project Mirror Realisation. RCOI committed $6.9m on 28 December 2020 to the first-lien community solar development company, before fully refinancing this loan with a new source of financing, resulting in a 36% realised IRR and 1.27x realised MOIC. […]
Atrato Onsite Energy has published its prospectus You can access this here Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that you read the prospectus including the risk warnings before making an investment. ROOF […]
Greencoat buys stake in offshore wind farm, launches £200m fundraise – Greencoat UK Wind has agreed to acquire a 25% stake in Burbo Bank Extension offshore wind farm from AIP. The purchase is being made in partnership with a number of pension funds investing through Greencoat Renewable Income LP, a fund also managed by Greencoat Capital. […]
Schroder BSC targets £26m fundraise – Schroder BSC Social Impact Trust announced on 28 August 2021 that it intended to consult with investors regarding the potential for an equity issue. The board is now announcing that it is proposing to issue up to 25m new ordinary shares by way of a placing at 105p per […]
Round Hill deal with Supertramp – Round Hill Music Royalty Fund has entered into a long-term agreement to administer 100% of the neighbouring rights income, generated from the master recordings, of three long-standing members of the British rock group, Supertramp. The catalogue includes: 39 original recordings. Numerous timeless hits such as “The Logical Song”, “Take the […]
In QuotedData’s morning briefing 2 November 2021: VH Global Sustainable Energy Opportunities (GSEO) says it has invested £30m of the £78m it committed to fund innovative net zero flexible power generation projects in the UK. The initial tranche will fund the construction of one project in Nottinghamshire, UK, consisting of a 10MW high efficiency combined […]
Land Securities (LAND) has agreed terms of a recommended all cash offer for U and I Group (UAI), valuing the company at £190m. Under the terms of the acquisition, UAI shareholders will be entitled to receive 149p per share, which is a mammoth 73% premium to the closing price of 86.0p on 29 October 2021. […]
Fidelity Emerging Markets posts first results under new manager – Fidelity Emerging Markets (FEML) has posted its annual results for the year to 30 June 2021, and its inaugural results under the management of Fidelity, having previously been run by Genesis Investment Management. During the twelve months under review, the NAV increased by 23.1% in […]
Alliance Trust resets its dividend after review – Alliance Trust (ATST) has concluded its review of the level and funding of its dividend, as announced in its last interim report. As a result, the board believes that an increased, but still sustainable, level of dividend will benefit existing shareholders and enhance the attractiveness of ATST’s […]
Tough year for International Biotechnology but confidence remains – International Biotechnology (IBT) has published its annual results for the year to 31 August 2021. During this time, the company’s NAV per share and share price returned 9.8% and 3.8% respectively whilst the Nasdaq Biotechnology Index returned 22.8%. The board said while this is a disappointing […]
In QuotedData’s morning briefing 1 November 2021: Murray Income (MUT) has entered into a three-year multi-currency revolving credit facility of £50m with The Bank of Nova Scotia, London Branch, which replaces the Company’s £20m facility with Scotiabank Europe PLC. Under its terms, MUT has the option to increase the level of the commitment to £70m […]
The 2021 United Nations Climate Change Conference (or COP26) officially kicks off this weekend in Glasgow and will last for two weeks. As the name suggests, these conferences have been going on for decades yet this year the build-up seems to be bigger, brighter and better than ever. Maybe this means people are finally waking […]
If ever there was a sector that was in need of a shot in the arm from the Autumn budget this week it was retail. Unfortunately, the chancellor passed up on the opportunity with wishy-washy business rates reform. Rishi Sunak’s announcement that business rates in the retail, hospitality and food & beverage sectors would be […]
QuotedData’s weekly news show 29 October 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana and Richard Williams covered the week’s top stories: EP Global Opportunities Atrato Onsite Energy Urban Logistics REIT This week’s interview was with Richard […]
