HG Capital Trust (HGT); Hg invests in Litera Microsystems
HgCapital will invest approximately £32.1m in Litera, with other institutional clients of Hg investing alongside the company through the Hg Genesis 8 Fund
Hg, the manager of HgCapital Trust, announced that they are planning to invest in Litera Microsystems (Litera), a leading provider of end-to-end document lifecycle solutions to the legal and life sciences industries worldwide. The transaction will be Hg’s sixth legal and compliance business in the current portfolio.
Read more...Treatt (TET); 1H19 revenue up 5.7% YoY to £56.6m
With an improvement of 140bps, Treatt’s gross profit margin for the half year ended 31 March 2019 was 25.0%
With an improvement of 140bps, gross profit margin for the half year ended 31 March 2019 was 25.0%. Adjusted PBT increased 7.3% to £6.2m. That said, adjusted basic EPS fell 2.7% from 8.58p to 8.35p.
Read more...7digital Group (7DIG); provides update regarding redemption of loan notes
7digital’s board stated on 11 April 2019 that the company will require material further equity and/or debt funding
Further to the announcement made on 11 April 2019, 7digital Group has stated that they are in discussions with the two loan note holders and a potential third party. These discussions are an agreement whereby the third party will purchase the loan notes and enter into a standstill agreement with 7digital.
Read more...Palace Capital (PCA); surrenders lease in Birmingham
Palace Capital announced that the company contractually agreed the surrender of the occupational lease at Priory House, Gooch Street North, in Birmingham
Palace Capital announced that the company contractually agreed the surrender of the occupational lease at Priory House, Gooch Street North, in Birmingham. Forensic Archive, the tenant, agreed to surrender its lease, which runs to December 2027 at a rent of £322,000 p.a., and pay effectively all rent due to expiry, amounting to £2.85m.
Read more...4imprint Group (FOUR); AGM statement: expects results to be in line with forecasts
4imprint’s progress during the first four months of 2019 has been encouraging with total order intake up 14% and revenue up 16% compared with the same period in 2018
During 4imprint’s AGM, Paul Moody, the company’s Chairman will make the announcement that after the successful launch of its brand marketing initiative in 2018, the Group is in a strong position to meet its strategic goal of $1bn in revenue by 2022.
Read more...Templeton Emerging Markets Investment Trust (TEM); proposes Conditional Tender Offer
Templeton Emerging Markets announced that the board will introduce a five-year performance-related conditional tender offer, subject to the passing of the Continuation Resolution
Templeton Emerging Markets’ announcement is in response to the shareholder feedback received during the consultation before the company’s AGM in July 2019.
Read more...GCP Student Living (DIGS); EPRA NAV, including income, at 161.56p per share
In GCP’s net asset value, dividend and portfolio update for the quarter ending March 2019, the company announced a third interim dividend of 1.53p per share, to be paid on 10 June 2019 to shareholders on the register at 17 May 2019
The dividend will consist of 1.11p per share as a REIT property income distribution and 0.42p per share as an ordinary UK dividend.
Read more...Metals Exploration (MTL); posts funding and banking update
Further to the announcement dated 1 April 2019, Metals Exploration confirms that both their lenders and major shareholders have renewed a Standstill Agreement for a further month until 31 May 2019
Further to the announcement dated 1 April 2019, Metals Exploration confirms that both their lenders, HSBC and BNP Paribas (senior lenders), and major shareholders, MTL Luxembourg SARL and Runruno Holdings Ltd, as holders of the company’s mezzanine debt (Mezzanine Debt Facilities) have renewed a Standstill Agreement for a further month until 31 May 2019.
Read more...Numis Corporation (NUM); revenue decreases 24.9% to £55.7m for H1 2019
Numis Corporation announced its half-year results for the six months ended 31 March 2019, showing that PBT and underlying operating profit decreased 63.6% and 57.9% to £7.1m and £8.1m, respectively
Numis Corporation announced its half-year results for the six months ended 31 March 2019, showing that PBT and underlying operating profit decreased 63.6% and 57.9% to £7.1m and £8.1m, respectively. EPS decreased 65.8% to 5.4p, while cash stood at £78.9m.
Read more...Palace Capital (PCA); trading update: disposal of 50 residential units for £18.2m
Palace reported a gross passing rent excluding residential portfolio held for sale of £17.7m p.a., with net effective rental income at £15.8m p.a in their trading update for the year ended March 2019
Palace reported a gross passing rent excluding residential portfolio held for sale of £17.7m p.a., with net effective rental income at £15.8m p.a in their trading update for the year ended March 2019. Excluding properties under development, the estimated rental value (ERV) of the portfolio is £21.5m.
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