LONDON: Aberforth Geared Value & Income Trust plc (AGVIT) has recently published a prospectus regarding the issuance of ordinary shares and zero dividend preference shares. AGVIT is involved in a scheme of reconstruction and members’ voluntary winding up of Aberforth Split Level Income Trust plc (ASLIT) under the Insolvency Act. As part of this scheme,…
Category: London Stock Exchange
News and updates from London Stock Exchange
SGN’s CEO Mark Wild to lead HS2
LONDON: Scotland Gas Networks (SGN)’s Chief Executive Mark Wild has been appointed to lead Europe’s biggest infrastructure project HS2. Mark has been asked to take on the role given his unique skillset having previously delivered Crossrail and the successful opening of the Elizabeth Line. SGN’s Chairman Nick Salmon said: “We are immensely grateful to Mark…
Chariot Limited announces gas discovery at OBA-1 Well
LONDON: Chariot Limited (AIM: CHAR), the Africa focused transitional energy group, announced the results from the drilling of the OBA-1 well on the Dartois prospect, the second of a two well drilling campaign, in the Loukos Onshore licence (“Loukos”) onshore Morocco (Chariot, Operator 75%, ONHYM, 25%). · OBA-1 well was safely and efficiently drilled, on…
TomCo Energy CEO John Potter passes away
LONDON: TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announced with deep shock and sadness the sudden death of John Potter, Chief Executive Officer. John, who was 54, passed away suddenly on Friday 24 May 2024. John joined TomCo as Chief Executive…
Oakley Capital invests in ProductLife Group
LONDON, UK: Oakley Capital, a leading pan-European private equity investor, announced that Oakley Capital Fund V is investing in ProductLife Group, a European provider of outsourced development, regulatory and compliance services to the global life sciences industry. OCI’s indirect contribution via Fund V is anticipated to be c.£41 million, which relates to OCI’s share of…
PensionBee Group sets sights on US expansion
LONDON: In a bold move to capture a significant share of the world’s largest Defined Contribution pension market, PensionBee Group plc, a prominent online pension provider, has announced its strategic expansion into the United States. The US market, which represents a staggering 80% of the global total with assets amounting to $22.5 trillion, presents a…
abrdn launches CEO succession plan
LONDON: abrdn plc is beginning the process of moving to fresh leadership, having completed the critical first stage of its transformation into a modern and digitally-focused specialist asset and wealth management company. Following the significant strategic repositioning of the company, the Board and Group CEO, Stephen Bird, have together agreed that it is the right…
CBS signs deal to acquires The Co-operative Bank Holdings for £780 million
LONDON, UK: Coventry Building Society (CBS) has reached an agreement to acquire The Co-operative Bank Holdings p.l.c., the parent company of The Co-operative Bank p.l.c. (Bank Holdings). This acquisition, valued at £780 million, will see CBS take control of the entire issued share capital of Bank Holdings. The deal, which is expected to be finalized…
Energy price cap for July to September confirmed
LONDON: Energy regulator Ofgem has today (Friday 24 May, 2024) confirmed the energy price cap for the third quarter of 2024. The price cap, which sets a maximum rate per unit that can be charged to customers for their energy use, will fall by 7% from 1 July to 30 September 2024, compared to the…
Flex Labs has acquired IO+ PTE Ltd
LONDON: Flex Labs (AQSE: FLEX) has acquired the remaining 95% of the issued share capital of IO+ PTE Ltd for a total consideration comprising 110,000,000 new common shares of none-par value each in the company. The consideration is equivalent to £2.75 million at the 2.5 pence per Common Share closing mid-market price on 22 May…
Hg agrees to acquire AuditBoard in a $3 billion deal
LOS ANGELES: AuditBoard, a leading connected risk platform transforming audit, risk, compliance and ESG management, today announces that it has reached an agreement to be acquired in a transaction valued at over $3 billion, by Hg, an experienced and global leading investor in compliance, risk and accounting software over the last 20 years. AuditBoard is a…
NewRiver REIT proposes merger with Capital & Regional
LONDON: The Board of NewRiver has officially acknowledged its proposal to merge with Capital & Regional, subject to approval from Growthpoint Properties Limited, the majority shareholder of Capital & Regional. The proposal entails a potential offer in cash and shares for the complete share capital of Capital & Regional. While NewRiver has yet to communicate…