Market Tracker weekly round-up—14 December 2018

Weekly round-up of the latest corporate announcements, including a delisting of LB-Shell plc, returns of value by ECO Animal Health Group plc, WH Smith plc and Taptica International Ltd, transfers from the Main Market to AIM by Circassia Pharmaceuticals plc and Game Digital plc, capital reorganisations by RDI REIT plc and Craven House Capital plc, a related party transaction under the AIM rules by Chaarat Gold Holdings Ltd, and 4 AGMs.

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 4,000 public company deal summaries.

The Market Tracker weekly bulletin looks in more detail at the latest transaction developments, mini trends and analysis of corporate deal documents. For trend reports and other analysis see our Trend Reports subtopic.

New deals (and AGMs) announced:

AGMs

Announcement dateCompanyIndustry sectorKey information
14 December 2018CYBG plcBanking & FinanceCYBG has announced that its 2019 AGM will be held on 30 January 2019.
13 December 2018Britvic plcFood & BeveragesBritvic has announced that its 2019 AGM will be held on 31 January 2019.
13 December 2018TUI AGTravel, Hospitality, Leisure & TourismTUI AG has announced that its 2019 AGM will be held on 12 February 2019.
12 December 2018Countryside Properties plcConstructionCountryside Properties has announced that its 2019 AGM will be held on 24 January 2019.

Capital reorganisations

Announcement dateCompanyIndustry sectorKey information
14 December 2018RDI REIT plcInvestmentRDI REIT has announced a proposed share consolidation, whereby every five of the company’s ordinary shares of 8 pence each will be consolidated into one ordinary share of 40 pence each. The share consolidation is subject to shareholder approval at the company’s AGM on 24 January 2019.
12 December 2018Craven House Capital plcFinancial ServicesCraven House Capital has announced a proposed reduction of capital, whereby 155,958,824 deferred shares will be cancelled. As per the company’s articles, the deferred shares may be cancelled at any time for no consideration. The reduction of capital is subject to shareholder approval at a general meeting on 4 January 2019.

Delistings

Announcement dateDelisting companyIndustry sectorKey information
10 December 2018LB-Shell plcEnergy & UtilitiesLB-Shell has announced that the company will delist from the standard segment of the Official List of the London Stock Exchange on 15 January 2019. The directors intend to appoint an Administrator to wind up the company, and do not except any funds to be available to distribute to shareholders.

LR/AIM Rules transactions

Announcement dateCompanyIndustry sectorKey information
14 December 2018Chaarat Gold Holdings LtdMining, Metals & ExtractionChaarat Gold Holdings announced a related party transaction under the AIM Rules.

Returns of value to shareholders

Announcement dateCompanyIndustry sectorKey information
12 December 2018Taptica International LtdMedia & TelecommunicationsTaptica International has announced a share buyback programme whereby the company will purchase up to $10 million (approximately £7.9 million) of its ordinary shares. The directors feel the share buyback is the best use of the company’s available capital. The share buyback will be effected in accordance with the authority granted at the company’s most recent AGM.
10 December 2018ECO Animal Health Group plcPharmaceuticals & BiotechnologyECO Animal Health Group has announced a special dividend of 3.5 pence per share, to be paid on 9 January 2019. This is in addition to an interim dividend of 4.0 pence per share.
7 December 2018WH Smith plcRetail & Wholesale TradeWH Smith has announced a share buyback programme whereby £5,000,000 of the company’s ordinary shares will be repurchased. The buyback will occur during the company’s closed period, commencing on 2 January 2019 and ending on 22 January 2019. WH Smith has appointed J.P. Morgan Cazenove as broker.

Transfers from the Main Market to AIM

Announcement dateIssuerIndustry sectorKey information
14 December 2018Game Digital plcTravel, Hospitality, Leisure and TourismGame Digital announced a proposal to cancel the admission of the company’s shares from the Main Market and to apply for admission of the ordinary shares to trading on AIM.
Admission is expected on 15 February 2019.
11 December 2018Circassia Pharmaceuticals plcPharmaceuticals & BiotechnologyCircassia Pharmaceuticals announced a proposal to cancel the admission of the company’s shares from the Main Market and to apply for admission of the ordinary shares to trading on AIM.
Admission is expected on 4 February 2019.

 

Relevant Articles
Area of Interest