Market Tracker weekly deal round - up — 12 July 2019

Weekly round-up of the latest corporate announcements, including an IPO by Oltin plc, a secondary offer by Blancco Technology Group plc, a placing by RHI Magnesita N.V, a return of value by Imperial Brands plc, a Class 1 transaction by WPP plc and 3 AGM notices.

The weekly round-up covers all deals announced within our statement of scope until 12 noon on the Friday of the previous week. Any deals announced after this time will be included in the following day's round-up.

All transactions covered in this update are available on the Market Tracker deal analysis tool containing over 5,000 public company deal summaries.

For trend reports and other analysis see our Trend Reports subtopic.

New deals (and AGMs) announced:

11 July 2019Dart Group plcTravel, Hospitality, Leisure & TourismDart Group has announced that its 2019 AGM will be held on 5 September 2019.
10 July 2019Dixons Carphone plcConsumer ProductsDixons Carphone has announced that its 2019 AGM will be held on 5 September 2019.
8 July 2019DS Smith plcEnvironmental Services & Waste ManagementDS Smith announced that its 2019 AGM will be held on 3 September 2019.

IPOs

10 July 2019Oltin plcInvestmentOltin announced a publication of its prospectus and expects that its initial admission will become effective and that dealings for normal settlement in the ordinary shares issued pursuant to the initial placing will commence on 23 July 2019.Admission of the ordinary shares to be issued pursuant to the initial placing to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market

LR/AIM Rules transactions

12 July 2019WPP plcMedia & TelecommunicationsWPP announced a Class 1 transaction under the Listing Rules.

Returns of value to shareholders

8 July 2019Imperial Brands plcConsumer ProductsImperial Brands announced a revised capital allocation and shareholder distribution policy which includes a progressive dividend policy with any surplus cash flows to be returned to shareholders via share buybacks, enhanced ordinary dividends or special dividends, depending on market conditions.As part of the revised capital allocation framework Imperial Brands announced a share buyback programme, which will return up to £200 million to shareholders before the end of the current calendar year.

Secondary offers

11 July 2019Blancco Technology Group plcComputing & ITBlancco Technology Group announced that it raised £10 million, before expenses, through a placement of 8,000,000 new ordinary shares of £0.02 each in the capital of the Group at £1.25 per share. The net proceeds of the placing will be used to fund the cash element of an acquisition, to refinance capital expenditure in relation to the development of certain IP with ZroBlack LLC and to pay down a proportion of the Group's current indebtedness and for general working capital purposes.
8 July 2019RHI Magnesita N.V.Engineering & ManufacturingRHI Magnesita announced a proposed placing of approximately 2.2 million ordinary shares in the form of existing depository interests. The price per depositary interest will be determined through an accelerated bookbuilding process to institutional investors.

 

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