Edison Investment Research

KEFI Minerals (KEFI); announces completion of project equity subscription

KEFI announced that the subscription agreement with the Tulu Kapi Gold Project company, Tulu Kapi Gold Mines Share Company (TKGM), was duly executed by ANS Mining Share Company after completing its own internal processes, according to local procedures. Existing TKGM shareholders, KEFI and the Ethiopian government also approved the issuance of TKGM’s shares to ANS Mining.

Henderson Far East Income (HFEL); allots 275,000 ordinary shares

Henderson Far East Income has agreed to allot 275,000 ordinary shares at 366.5p per share, each fully paid under its block listing facility. The NAV per ordinary share as of 31 December 2019 was 355.1p.

Powerhouse Energy Group (PHE): announces grant of £1.25m

PowerHouse Energy Group has announced a grant of £1.25m has been awarded to Waste2tricity Protos for the DMG Hydrogen from waste development at Protos, near Ellesmere Port, in Cheshire.

Globalworth Real Estate Inv (GWI); acquires Podium Park in Kraków for €134m

Globalworth has signed agreements with Podium Investment Poland to acquire Podium Park in Kraków for a maximum transaction consideration of €134m

Podium Park comprises three connected 11-storey buildings, which will, on completion, have a total leasable area of over 55,000m2.

Nanoco Group (NANO); releases formal sale process update

Nanoco announced that it was undertaking a review of all its strategic options, including, but not limited to, its potential sale through a formal sale process, as referred to in Note 2 on Rule 6 of the City Code on Takeovers and Mergers (Code)

Nanoco confirms that it has engaged with multiple interested parties as part of the formal sale process. A number of interested parties have submitted non-binding proposals to Evercore for the Board’s consideration.

PowerHouse Energy Group (PHE); announces Protos development funding

PowerHouse Energy Group (PHE) has announced significant progress towards the first commercial operation of DMG® Technology at Protos in the UK

Peel L&P Environmental has completed its review of the completed engineering work, now moving to the next stage of development and engineering for the Protos Energy Park.

Fidelity Special Values (FSV); issues 200,000 ordinary shares at 273.3p per share

Fidelity Special Values has issued a total of 200,000 new ordinary shares of 5p each at a price of 273.3p per share from its block listing authority of 15 January 2019

Fidelity Special Values has issued a total of 200,000 new ordinary shares of 5p each at a price of 273.3p per share from its block listing authority of 15 January 2019. The shares rank pari passu with the existing ordinary shares in issue.

Marshall Motor Holdings (MMH); acquires eight Volkswagen Group UK franchises

Marshall Motor Holdings has acquired the business and assets of a portfolio of Volkswagen and ŠKODA passenger and commercial vehicle franchises from Jardine Motor Group UK Limited (JMG) for up to £22.3m cash, including £13.0m of inventory

Marshall Motor Holdings has acquired the business and assets of a portfolio of Volkswagen and ŠKODA passenger and commercial vehicle franchises from Jardine Motor Group UK Limited (JMG) for up to £22.3m cash, including £13.0m of inventory. The motoring group also announced a brief trading update on 2019.

Henderson Far East Income (HFEL); allots 100,000 ordinary shares at 354.5p per share

Henderson Far East Income has agreed to allot 100,000 ordinary shares at 354.5p per share, each fully paid under its block listing facility

Henderson Far East Income has agreed to allot 100,000 ordinary shares at 354.5p per share, each fully paid under its block listing facility. The NAV per ordinary share as of 13 December 2019 was 344.3p. The shares will be issued for cash on 18 December 2019.

Fins Growth Inc Tst (FGT); NAV per share at 935.6p as of 30 September 2019

Finsbury Growth & Income Trust announced its results for the year ending 30 September 2019, showing that NAV total return per share and share price total return were both 17.4%

Both significantly outperformed the company’s benchmark, the FTSE All-Share Index (on a total return basis), which rose 2.7%. Revenue return stood at 10.9%. Total DPS for the year increased 8.5% to 16.6p, in line with the board’s long-term objective of increasing or at least maintaining its total dividend each year.