LAWS

Fuller, Smith & Turner PLC: Extension of Share Buyback Programme

Retrieved on: 
Wednesday, April 10, 2024
LAWS, Annual, ANY, Common stock, London Stock Exchange, Listing Rules, Security (finance)

As announced on 21 March 2024, following the repurchase of 1 million ‘A’ ordinary shares of 40p each in the Company (“Ordinary Shares”) under an arrangement with Numis Securities Limited (the “Programme”) which commenced on 16 November 2023, the Company has decided to extend the Programme and repurchase up to a further 1 million Ordinary Shares.

Key Points: 
  • As announced on 21 March 2024, following the repurchase of 1 million ‘A’ ordinary shares of 40p each in the Company (“Ordinary Shares”) under an arrangement with Numis Securities Limited (the “Programme”) which commenced on 16 November 2023, the Company has decided to extend the Programme and repurchase up to a further 1 million Ordinary Shares.
  • This is consistent with the Company’s capital allocation framework and reflects the Board’s view that the current share price continues to represent a significant discount to the Company’s underlying net asset value.
  • The Programme is expected to enhance earnings per share.
  • Any market purchase of Ordinary Shares under the Programme will be announced no later than 7:30 a.m. on the business day following the day on which the purchase occurred.

Superdry plc: Response to announcement by Julian Dunkerton

Retrieved on: 
Wednesday, April 10, 2024
ACT, LAWS, EUROPEAN UNION, General counsel, THIS, Superdry, NOT, VIA

The Company notes today’s announcement from Julian Dunkerton that he does not intend to make an offer for Superdry and, as a result, confirms that the Company is no longer in an offer period.

Key Points: 
  • The Company notes today’s announcement from Julian Dunkerton that he does not intend to make an offer for Superdry and, as a result, confirms that the Company is no longer in an offer period.
  • Following a period of engagement, the Transaction Committee and Julian Dunkerton have, together, concluded that a takeover offer from Julian Dunkerton for Superdry is unlikely to deliver an outcome for shareholders, or stakeholders more broadly, that the Transaction Committee and Julian Dunkerton are confident can be executed in the context of the Company’s ongoing work on its turnaround plan and material cost saving options.
  • However, the Company remains in discussions with Julian Dunkerton in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton, which would provide additional liquidity headroom for the Company’s turnaround plan.
  • There can be no certainty that a transaction with Julian Dunkerton will be agreed.

Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited (“API”) and improvement in management arrangements and fees for the Combined Group

Retrieved on: 
Wednesday, March 13, 2024
Property income, API, VAT, NAV, Investment management, Scheme, Brexit, LAWS, Capital, Security (finance)

Further to the previous announcements by the board of directors of CREI (the “CREI Board”) regarding the recommended all-share merger of API and CREI (the “Recommended Merger”), the CREI Board provides an update reaffirming its belief in the compelling strategic and financial rationale of the Recommended Merger and announces further improvements to the management arrangements and fees for the Combined Group.

Key Points: 
  • Further to the previous announcements by the board of directors of CREI (the “CREI Board”) regarding the recommended all-share merger of API and CREI (the “Recommended Merger”), the CREI Board provides an update reaffirming its belief in the compelling strategic and financial rationale of the Recommended Merger and announces further improvements to the management arrangements and fees for the Combined Group.
  • On 4 March 2024, the CREI Board announced the reaffirmation of its belief in the compelling strategic and financial rationale of the Recommended Merger.
  • The CREI Board urges CREI Shareholders and API Shareholders to review the detail set out in that announcement in their consideration of the Recommended Merger, which can be found here https://custodianreit.com/proposed-all-share-merger-with-abrdn-property-... .
  • in respect of the NAV of the Combined Group which is less than or equal to £500 million (rather than a fee of 0.90 per cent.

Polymetal International plc: Proposed divestment of Polymetal Group’s Russian business and notice of General Meeting

Retrieved on: 
Wednesday, March 13, 2024
AIX, Ertis, MOEX, Person, Circular, Intra, Sale, Nationalization, Proxy, Polymetal, Mining, THIS, VIA, NOT, LAWS, POX, State, Mass meeting, Polymetal International, Transaction, Completion, Risk, Gold, Resolution, United, JSC, Committee, Baksy, Cryptocurrency

Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today that it has entered into contracts for the divestment of its Russian business for an effective total consideration of approximately US$3.69 billion (the “Transaction”).

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today that it has entered into contracts for the divestment of its Russian business for an effective total consideration of approximately US$3.69 billion (the “Transaction”).
  • A quick, transparent, and sanctions-compliant exit under the terms of the proposed Transaction serves the interests of all stakeholders.
  • The completion of the divestment will allow the Group to de-risk the Company’s business, deliver stable cash flows and pursue new investment opportunities.
  • The Transaction values the Russian business at approximately US$3.69 billion [1] including third-party debt and intra-group arrangements detailed in the Circular.

Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited

Retrieved on: 
Wednesday, March 13, 2024
Property income, API, REIT, Scheme, Tenant, Geography, IPO, Policy, LAWS, ULR, Security (finance)

Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited

Key Points: 
  • Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
  • We firmly believe that the rational conclusion of this assessment would be to maintain its recommendation for the all-share merger with CREI.
  • Diversification – The Recommended Merger would bring together two complementary portfolios to create a differentiated REIT with enhanced diversification by sector, asset, geography and tenant.
  • While it is acknowledged that the ULR Offer is indicative, as at market close on 21 February 2024 the Recommended Merger represented a premium to the ULR Offer(4).

GXO Announces Offer to Acquire Wincanton

Retrieved on: 
Thursday, February 29, 2024
GXO, CEVA, CEVA Logistics, Part, Growth, Acquisition, RNS, NOT, Automation, LAWS, EPS, Wincanton plc, CMA

Under the terms of the offer, each Wincanton shareholder will be entitled to receive 605 pence in cash for each Wincanton share held.

Key Points: 
  • Under the terms of the offer, each Wincanton shareholder will be entitled to receive 605 pence in cash for each Wincanton share held.
  • GXO has received irrevocable undertakings to accept (or to procure the acceptance of) the offer in respect of, in aggregate, 42,395,691 Wincanton shares and representing approximately 34.0% of the issued share capital of Wincanton as at 29 February 2024.
  • The irrevocable undertakings will cease to be binding in certain situations, including where a third party announces a competing offer where the value of the consideration is more than 695 pence per Wincanton share.
  • Wincanton customers will have the opportunity to seamlessly globalize their supply chain operations across the 27 countries where GXO operates.

Cannae Holdings, Inc. Commences Cash Tender Offer to Purchase Up to $200 Million in Value of Shares of its Common Stock

Retrieved on: 
Friday, March 1, 2024
Professional Services, Business, Finance, Midnight, ACT, MAKE, Name, ITS, Expiration, Person, Share repurchase, Offer, LAWS, Security (finance), Trust, CNNE

The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.

Key Points: 
  • The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.
  • However, the Offer is subject to a number of other terms and conditions, which are described in detail in the Offer to Purchase.
  • The Offer Materials contain important information that holders are urged to read before any decision is made with respect to the Offer.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES.

Rule 2.12 Announcement

Retrieved on: 
Saturday, January 13, 2024
Euronext Dublin, Exercise, NOT, LAWS, Treasury, Security (finance)

In accordance with Rule 2.12 of the Irish Takeover Rules, the Company confirms that as at the close of business on 8 January 2024 its issued share capital consisted of 529,578,946 ordinary shares of €0.10 each (“Ordinary Shares”).

Key Points: 
  • In accordance with Rule 2.12 of the Irish Takeover Rules, the Company confirms that as at the close of business on 8 January 2024 its issued share capital consisted of 529,578,946 ordinary shares of €0.10 each (“Ordinary Shares”).
  • At that date, the Company held no Ordinary Shares in treasury.
  • The Ordinary Shares are admitted to trading on the main market of Euronext Dublin under the International Securities Identification Number IE00BJ34P519.
  • The Company confirms that as at 8 January 2024, there were outstanding options to subscribe for up to 4,596,499 Ordinary Shares at exercise prices between €1.489 and €1.72 per share.

Commencement of Strategic Review

Retrieved on: 
Monday, January 8, 2024
ACT, MAKE, NAV, FIRM, IRISH, EGM, Sale, IRES, NOT, Committee, Dragon (magazine), REIT, Requisition, Dragon, AN, LAWS

The Company today announces that the Board of Directors of I-RES (the “Board”) has decided to commence a strategic review to consider and evaluate all strategic options that may be available to maximise and unlock value for shareholders in the Company (the “Strategic Review”).

Key Points: 
  • The Company today announces that the Board of Directors of I-RES (the “Board”) has decided to commence a strategic review to consider and evaluate all strategic options that may be available to maximise and unlock value for shareholders in the Company (the “Strategic Review”).
  • This Strategic Review will commence as soon as practicable in Q1 2024, following the release of the Company’s 2023 Full Year Financial Results.
  • The Special Committee will retain specialist international financial and real estate advice to assist with the Strategic Review.
  • There is no certainty that any change will result from the Strategic Review or that any sale, strategic investment or other transaction will be concluded, nor as to the terms on which any offer, strategic investment or other transaction may be made.

The Government of Canada announces support for Indigenous women and 2SLGBTQQIA+ people in Yukon

Retrieved on: 
Thursday, December 21, 2023
Pillar, Federal, Survivor, Circle, Plan, Government, Woman, GBV, Capacity, Heart, Violence, COVID-19, YT, Investment, Organization, Female, Parliament, Gender equality, LAWS, Environment, Nursing

WHITEHORSE, YT, Dec. 21, 2023 /CNW/ - The National Inquiry into Missing and Murdered Indigenous Women and Girls highlighted the underlying systemic causes of ongoing violence against Indigenous women, girls, and 2SLGBTQQIA+ people.

Key Points: 
  • WHITEHORSE, YT, Dec. 21, 2023 /CNW/ - The National Inquiry into Missing and Murdered Indigenous Women and Girls highlighted the underlying systemic causes of ongoing violence against Indigenous women, girls, and 2SLGBTQQIA+ people.
  • This funding is a key initiative of the Federal Pathway to Address Missing and Murdered Indigenous Women, Girls and 2SLGBTQQIA+ People.
  • The Federal Pathway to Address Missing and Murdered Indigenous Women, Girls and 2SLGBTQQIA+ People is the Government of Canada's contribution to the 2021 Missing and Murdered Indigenous Women, Girls, and 2SLGBTQQIA+ People National Action Plan: Ending Violence Against Indigenous Women, Girls, and 2SLGBTQQIA+ People.
  • Although roughly 5% of the female population in Canada identified as Indigenous, 21% of all gender-related homicides between 2011 and 2021 involved Indigenous women and girls.