LONDON: SysGroup plc, a leading company in the tech sector, has launched a retail offer to raise funds through the issuance of new ordinary shares. The company aims to generate up to £0.5 million by offering new ordinary shares at an issue price of 33 pence each, which is a 5.7% discount from the closing…
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ITV plc proposes buyback of €600 million notes amid plans to issue new debt
LONDON: ITV plc has extended an offer to repurchase its outstanding €600 million 1.375% notes due in September 2026. The buyback is contingent on the successful issuance of new debt under the company’s Euro Medium Term Note Programme. The tender offer, detailed in a memorandum released on June 7, 2024, invites note holders to sell…
KSA sells secondary offering Saudi Aramco shares at SAR 27.25/share
Saudi Aramco announces launch of a secondary public offering The Government of the Kingdom of Saudi Arabia (the “Government“) and Saudi Arabian Oil Company (Saudi Aramco), the world’s largest integrated energy and chemicals company (the “Company“), today announce the final offer price for the secondary public offering of ordinary shares (the “Offer Shares“) of the…
Diversified Energy acquires working interest in key assets from Oaktree Capital
LONDON, UK: Diversified Energy Company (LSE: DEC) has successfully completed the acquisition of a substantial working interest in key assets from Oaktree Capital Management. The deal, initially announced on March 19, 2024, marks a strategic consolidation for Energy Company, enhancing its position in the energy sector. The acquisition, valued at a purchase price of $410…
Safestay plc announces acquisition of central property in Brighton
LONDON, UK: Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, announced the acquisition of a freehold property in the centre of Brighton, from the University of East Sussex, by Safe Hostels Ltd, a 100% owned subsidiary of and guaranteed by Safestay Plc, with the intention of converting it into…
PPHC acquires cross-party public affairs advisory firm, Pagefield
LONDON: Public Policy Holding Company (AIM: PPHC), the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, has acquired Pagefield Communications Limited, a premier London-based strategic communications and cross-party public affairs advisory firm, for an initial consideration of £16.2 million. Until now, PPHC’s nine operating companies have…
EIG Partners to sell West Burton Energy for £450 million
PARIS: TotalEnergies (Paris:TTE) has signed an agreement with EIG Partners for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million. EIG is a leading institutional investor in the global energy and infrastructure sectors with $24.7 billion under management as of March 31, 2024. West Burton Energy owns…
Bloom Equity Partners offers to acquire GRC International for £8.6 million
LONDON: Bloom Equity Partners Management has agreed on the terms and conditions of a recommended all cash offer for the entire ordinary share capital of GRC International Group plc at the rate of 8.0 pence in cash per GRC share. The offer values GRC’s entire issued, and to be issued, ordinary share capital at approximately…
Finseta plc completes sale of Capital Currencies Ltd
LONDON, UK: Finseta plc (AIM: FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announced the completion of the sale of 100% of the share capital of Capital Currencies Ltd, following the receipt of regulatory approval from the Financial Conduct Authority. In accordance with…
Eco Atlantic farms into Block 1 offshore South Africa
LONDON: Eco Atlantic Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), an oil and gas exploration company focused on offshore Atlantic Margins, has announced a Farm-In into Block 1 Offshore South Africa’s Orange Basin. Through its wholly-owned subsidiary, Azinam South Africa Limited, Eco will acquire a 75% Working Interest from Tosaco Energy (Proprietary) Limited. As…
Sure Valley Ventures leads a $1.1m funding round for Inspeq AI
LONDON, UK: Sure Valley Ventures III Limited Partnership (SVV3 Fund) has led a $1.1m funding round for Inspeq AI, a transformative full-stack AI Ops platform, alongside Delta Partners and a number of other leading investors. Inspeq AI aims to become the trusted source of safe and reliable AI development, enhancing generative (“Gen”) AI application deployment…
KR1 plc invests into the Avail Project
LONDON: KR1 plc (KR1:ASE), a leading digital asset investment company, announced that the Company has invested a total of US$1,000,000 into the Avail Project (AVAIL) in return for 12,500,000 AVAIL tokens. Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimised way. As such, Avail is positioning…