LONDON: Residential Secure Income (ReSI) has acquired 191 shared ownership homes from Orbit, one of England’s leading housing associations, for cash consideration of £16 million. The diversified portfolio comprises 180 houses and 11 apartments, located across 18 counties in England. All these homes are currently occupied and income generating. The average share of homes already…
Residential Secure Income plc (LON: RESI)
Residential Secure Income plc (LON: RESI) is a real estate investment trust (REIT) listed on the premium segment of the Main Market of the London Stock Exchange with the objective of delivering secure inflation linked returns by investing in affordable shared ownership, retirement and Local Authority housing throughout the UK. Residential Secure Income plc (LON:…
Altona Rare Earths to acquire 70% interest in Leadway Group
LONDON: Altona Rare Earths has signed an Option Deed to acquire a 70% legal and beneficial interest in Leadway Group Ltd, a Ugandan registered company, which is the owner of the Nankoma Rare Earths Project in Uganda. The Nankoma Project is held under Exploration Licence EL00115 and covers an area of 67.5 km2 and is…
White Energy sells stake in Mountainside Coal Company
SYDNEY: White Energy Company Limited has sold their 51% equity in Mountainside Coal Company, based in Kentucky, USA. The sale to Kentucky based miner, Clay Laurel Mining Inc. is for a total consideration of US$4.053 million which equates to approximately AU$5.3 million. A US dollar deposit equivalent to AU$2.9 million has been placed in escrow…
Grant Peck appointed Chief Executive Officer and Managing Director of McPherson’s Limited
SYDNEY: McPherson’s Limited announced the appointment of interim CEO Mr Grant Peck as Chief Executive Officer and Managing Director on a permanent basis, effective immediately. Mr Peck’s appointment followed a thorough search and selection process undertaken by the Board which identified some excellent candidates. After consideration of these qualified candidates, the Board was unanimous in…
Swift Media to sell Medical Channel Pty Ltd to Motio Limited
SYDNEY: Swift Media Limited has entered into a share sale agreement to sell 100% of the issued capital of Medical Channel Pty Ltd to Motio Limited for a consideration of 30 million shares in Motio. Swift announced the sale of the Health and Wellbeing business to Motio Limited to create a leader in digital healthcare…
Kiwi Property announces Sustainable Debt programme
AUCKLAND: Kiwi Property today launched a Sustainable Debt programme, the latest initiative in the Company’s comprehensive carbon reduction strategy, a news release said. “Kiwi Property has been committed to sustainability for almost two decades and today it’s part of the company’s DNA. In 2020 we successfully achieved a 50% reduction in greenhouse gas emissions, compared…
Special General Meeting of Höegh LNG approves proposed amalgamation
HAMILTON: Höegh LNG Holdings Ltd. announced the shareholders of Höegh LNG voted on and approved the amalgamation and delisting of shares. As previously announced, Leif Höegh & Co. Ltd. (LHC) and Funds managed by Morgan Stanley Infrastructure Partners (MSIP) will, through a 50/50 joint venture, Larus Holding Limited (JVCo), acquire the remaining issued and outstanding…
Pakistan LNG Limited finalizes bidders for supply of eight LNG cargoes
KARACHI: Pakistan LNG Limited (PLL) has finalized lowest bids ranging $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL received a total of 42 bids for the…
Ocean Sun and MP Quantum to develop floating solar in Greece and Cyprus
OSLO: Ocean Sun has signed an agreement with MP Quantum Group (MP) to develop floating solar based on Ocean Sun’s proprietary technology in Greece and the Republic of Cyprus, a news release said. “We are pleased to enter this collaboration with one of the most well-reputed business families in Greece. MP has a strong team…
Pakistan to float USD denominated Eurobonds
§ Pakistan is all set to float USD denominated Eurobonds in the international market, under the Global Medium Term Note Programme. After a hiatus of almost 4 years, Pakistan is tapping the international bond market, with last Eurobond (USD 1.5bn | 10yr) and Sukuk (USD 1bn| 5yr) issued in 2017 at 6.875% and 5.625%, respectively….
Edison Group values VivoPower International at $321 million
LONDON: Edison Group has published its first report and valuation on VivoPower International valuing the business at $19 a share. At market close Monday (March 29), VivoPower stock stood at $8.06. At the core of Edison’s valuation is its view of the business’ accelerating growth strategy and ‘transformational’ acquisition of rugged electric vehicle (EV) company…