LONDON: Global Connectivity plc (AQSE: GCON) has announced a substantial capital investment into Voneus Limited, a leading UK broadband provider. The investment, totaling £18 million, was contributed by both shareholders and lenders on June 6, 2024. This strategic financial infusion has resulted in an increase of Rural Broadband Solutions Holdings Limited’s (RBSHL) stake in Voneus…
Category: London Stock Exchange
News and updates from London Stock Exchange
Oakley Capital and Eurazeo to acquire co-controlling stake in I-TRACING
LONDON: Oakley Capital Investments (OCI), a leading pan-European private equity investor, is pleased to announce that Oakley Capital Fund V has been granted exclusivity with a view to acquiring a co-controlling stake alongside Eurazeo in I-TRACING, the leading independent provider of cybersecurity services in France. The transaction is subject to consultation with I-TRACING’s employee representative…
Oxford Instruments to acquire FemtoTools AG for upto CHF 24 million
LONDON: Oxford Instruments plc, a leading provider of high technology products and services to industry and scientific research communities, has entered into an agreement to acquire FemtoTools AG, a developer of nanoindentation instruments. Completion is subject to certain closing conditions which are expected to be satisfied within the next four weeks. Based in Zurich, Switzerland,…
Mosman Oil and Gas has sold stakes in Nadsoilco LLC
LONDON: Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development, and production company, sold its interest in Nadsoilco LLC for a consideration of up to US$1.75 million subject to the completion of due diligence by the acquiror. Nadsoilco LLC currently owns the working interest in Stanley, Greater Stanley and all…
Matt Sassone appointed CEO of Tristel Plc
LONDON: Tristel plc (AIM: TSTL), the manufacturer of infection prevention products, announced the appointment of Matthew (Matt) Sassone as Chief Executive Officer (“CEO”) and to the Tristel Board, with effect from 2 September 2024. Matt’s appointment follows the conclusion of a competitive selection programme and he will replace Paul Swinney, the Company’s founder and CEO…
SysGroup plc announces retail offer to raise £0.5 million
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…
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…