LONDON: BATM Advanced Communications announced that its Telco Systems subsidiary has formed a strategic partnership with albis-elcon, a supplier of networking products and systems to communications service providers in the telecommunications industry, to jointly offer the Group’s network function virtualisation (NFV) solution, which represents a further route to market. The Group’s NFVTime virtualisation technology has…
Sistema PJSFC’s subsidiary Segezha Group intends to conduct an IPO on Moscow Exchange
MOSCOW: Sistema PJSFC’s subsidiary Segezha Group PJSC announced its intention to conduct an initial public offering (IPO) of ordinary shares and to list on Moscow Exchange. The Offering will consist of a primary offering of newly issued shares expected to raise at least RUB 30 billion and an over-allotment option of secondary shares of up…
CIP Merchant acquires stake in Ixico plc
LONDON: CIP Merchant Capital announced its investment in Ixico plc, the artificial intelligence data analytics company delivering insights in neuroscience, quoted on AIM. The Company has acquired, in aggregate, 1,784,500 ordinary shares of 1p each in Ixico, representing approximately 3.72 percent of Ixico’s issued share capital, for a total consideration of approximately £1.2 million. For…
Dev Clever to acquire Veative Labs Pte Ltd for approximately £54.75 million
LONDON: Dev Clever Holdings has entered into a comprehensive agreement to acquire entire shareholding of Veative Labs Pte Ltd (VLPL), a wholly owned Indian subsidiary of Veative. The consideration for the acquisition of Veative Labs Pte Ltd (VLPL) is to be settled through the issuance of 150 million new ordinary shares in the Company. Based…
Lee Marks appointed CEO of nmcn Plc
LONDON: nmcn Plc has announced that Lee Marks will join as a Director and Chief Executive Officer (CEO) of the Company with effect from 17 May 2021. nmcn Plc is a leading engineering and construction company in the UK. Its talented 1,700 strong workforce offers multi-sector engineering and construction skills, technical innovation, design and specialist…
Vitec Group announces acquisitions of Lightstream and Quasar for a total of $42 million
LONDON: The Vitec Group plc, the international provider of premium branded hardware products and software solutions to the growing content creation market, announces two acquisitions and a brief update on the Group’s Q1 2021 trading and outlook. · Agreed the acquisition of Lightstream, for an expected total cost of $35.9 million (£26.0 million) in cash…
Elixirr International acquires The Retearn Group Limited for £7.0 million
LONDON: Elixirr International plc announced the acquisition of the entire issued share capital of procurement and transformation firm, The Retearn Group Limited for a maximum total consideration payable of approximately £7.0 million plus an additional cash payment based on working capital at completion. The maximum total consideration payable is £7.0 million. This consists of initial…
GeoJunxion CEO Thierry Jaccoud resigns
AMSTERDAM: GeoJunxion announced today that its CEO, Thierry Jaccoud will resign at the end of May 2021. Thierry Jaccoud, CEO and Managing Director of GeoJunxion N.V., has decided to resign from both roles at the end of May 2021 for personal and family related reasons. Ivo Vleeschouwers, CFO, will take over the CEO function starting…
Cellectis S.A. sells $47 million worth of American Depositary Shares
NEW YORK: Cellectis S.A. has completed sales of approximately $47 million of American Depositary Shares (ADS) pursuant to the Company’s ATM program established on March 29, 2021, through Jefferies LLC, acting as sales agent. Each ADS represents one ordinary share of the company. In the ATM Sales, an aggregate of 2,415,630 new ADSs and the…
TUI launches €350 million convertible bonds offering
LONDON: The Management Board of TUI AG will launch an offering of senior unsecured bonds convertible as per their terms and conditions due 2028 in an aggregate principal amount of approx. €350 million with the option to increase the issuance volume to € 400 million. The Bonds will be convertible into new and/or existing no-par…
Flyr starts ticket sales at the end of May, first flight goes to Tromsø on June 30
OSLO: The airline Flyr will start selling tickets at the end of May and the company’s very first flight will go to Tromsø on the 30th of June. The start-up date is adapted to meet the government’s plan for the reopening of Norway. “The government’s reopening plan gives us at Flyr the predictability we need…
Schroder UK sells its stake in Kymab Group to Sanofi for $82 million
LONDON: Schroder UK Public Private Trust (SUPP) has sold of its shares in Kymab Group Ltd. to Sanofi against initial proceeds of approximately US$82 million. Furthermore, the SUPP has the potential for additional contingent payments of up to US$33 million subject to a deferred purchase price release and Kymab achieving certain development and regulatory milestones….