Market Tracker weekly round-up—13 July 2018

Market Tracker weekly round-up—13 July 2018
Weekly round-up of the latest corporate announcements, including a possible offer by CareTech Holdings plc for Cambian Group plc, IPOs by TheWorks.co.uk, Danakali limited and Trackwise Designs plc, secondary offers by Creo Medical Group plc, Marlowe plc, Greencoat Renewables plc and Koovs plc, a joint venture between Xaar plc and Stratasys, reorganisations by Anglo Asian Mining plc and by Andalas Energy and Power plc, Class 1 and Related party transactions by Creo Medical Group plc and Aminex plc, and AGM notices by Dart Group plc, Mulberry Group plc and Dixons Carphone plc.

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.

The information contained in the weekly round up is republished in the monthly round up at the end of the month. The Market Tracker monthly round-up—May 2018 is currently available. To access previous monthly round ups please visit the Monthly deal round-ups archive.

All transactions covered in this update are available on the Market Tracker deal analysis tool containing over 3000 public company deal summaries.

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

New deals (and AGMs) announced:

AGMs

Announcement date Company Industry sector Key information
12 July 2018 Dart Group plc Travel, hospitality, leisure & tourism Dart Group has announced that its 2018 AGM will be held on 6 September 2018.
11 July 2018 Dixons Carphone plc Consumer products
Electronics		 Dixons Carphone has announced that its 2018 AGM will be held on 6 September 2018.
11 July 2018 Mulberry Group plc Consumer products Mulberry Group has announced that its 2018 AGM will be held on 11 September 2018.

IPOs

Announcement date Issuer Industry sector Key information
13 July 2018 TheWorks.co.uk plc Retail TheWorks.co.uk announced its intention to list on the Main Market, with an estimated market capitalisation of £100 million upon admission. Admission is expected on 19 July 2018.
12 July 2018 Danakali limited Metals, mining & extraction Danakali announced its intention to seek admission to the London Stock Exchange’s Main Market. Danakali has a market capitalisation of £108m. Admission is expected to commence at 8.00 am on 24 July 2018.
12 July 2018 Trackwise Designs plc Media & telecommunications Trackwise announced its intention to list on AIM. Admission is expected in late July 2018.

Joint ventures

Announcement date Deal Industry sector Key information
12 July 2018 Xaar plc and Stratasys Electronics Xaar has announced that it will invest with Stratasys, a global leader in additive manufacturing, in a newly formed company, Xaar 3D Limited, to develop 3D printing solutions.

LR/AIM Rules transactions

Announcement date Company Industry sector Key information
13 July 2018 Creo Medical Group plc Healthcare Creo Medical announced a Related party transaction under the AIM Rules.
11 July 2018 Aminex plc Oil & gas Aminex has announced a Class 1 and Related party transaction under the Listing Rules.

Reorganisations

Announcement date Company Industry sector Key information
13 July 2018 Anglo Asian Mining plc Mining, metals & extraction Anglo Asian ( the Company) announced a proposed capital reduction to enhance the Company's ability to pay dividends to shareholders in the future.
The Company currently has negative distributable reserves and is therefore prohibited under the Act from making distributions, including dividends, to its shareholders.
The capital reduction is conditional upon, amongst other things, the Company obtaining approval of the shareholders at the general meeting on 30 July 2018.
11 July 2018 Andalas Energy and Power plc Energy & utilities Andalas Energy announced a proposed consolidation of Andalas Energy's share capital in order to reduce the large number of existing ordinary shares of nil par value in issue.

Secondary offers

Announcement date Issuer Industry sector Key information
13 July 2018 Creo Medical Group plc Healthcare Creo Medical Group announced the placing of up to 38,800,000 shares at a price of 125 per share. The expected net proceeds of the placing are £46 million. The placing is conditional upon shareholders approval to disapply pre-emption rights.
13 July 2018 Marlowe plc Professional services Marlowe announced a placing to raise approximately £20 million through the issue of 4,210,000 new ordinary shares at a price of 50 pence each. Admission is expected on 18 July 2018.
9 July 2018 Greencoat Renewables plc Investment Greencoat Renewables announced a 12 month share issuance programme of up to 250 million new shares in a number of tranches. Greencoat intends to issue 100 million placing shares at a price of £1.01 per share. The first tranche of the placing is being launched today.
9 July 2018 Koovs plc Retail Koovs announced its intention to raise £10 million through the issue of new ordinary shares. Koovs announced that the bookbuilding exercise closed early, raising a total of £10.5 million at a price of 15p per new ordinary share. The equity raise is conditional upon shareholder approval. It is estimated that a circular containing details of the transaction will be released shortly.

Takeovers

Announcement date Deal Industry sector Key information
10 July 2018 Cambian Group plc possible offer by CareTech Holdings plc Healthcare Cambian announced that it received a possible cash and share offer from CareTech Holdings. The possible cash and share offer was valued at a price of Cambian’s ordinary share of 220 pence per share, with a full cash alternative at 200 pence per share. The PUSU deadline is on 7 August 2018.

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