Market Tracker Weekly round-up—15 December 2017

Weekly round-up of the latest corporate announcements, including takeover offers by Sibanye Gold Limited and City Developments Limited, a formal of sale process by Plant Impact plc, a reverse takeover by Atlantis Resources Limited, a shareholder placing by Ramsdens Holdings plc, placings by Xeros Technology Group plc, SigmaRoc plc, Bacanora Minerals Ltd and Conviviality plc, a return of value to shareholders by Domino's Pizza Group plc, a related party transaction by Biopharma Credit plc, reorganisations by Allied Irish Banks plc and Sula Iron & Gold plc, a delisting of Allied Irish Banks plc and AGM notices from RDI REIT plc, Gooch & Housego plc, Imperial Brands plc, Mitchells & Butlers plc, TUI AG and The Sage Group plc.
The weekly round-up covers all deals announced from the Monday of the previous week 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. To access previous announcements please visit the Market Tracker section of the Corporate homepage.

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New deals announced:

AGMs

Announcement date Company Industry sector Key information
15 December 2017 RDI REIT plc Property RDI REIT plc has announced that its 2018 AGM will be held on 23 January 2018.
15 December 2017 Gooch & Housego plc Electronics Gooch & Housego plc has announced that its 2018 AGM will be held on 21 February 2018.
14 December 2017 Imperial Brands plc Consumer products Imperial Brands plc has announced that its 2018 AGM will be held on 7 February 2018.
14 December 2017 Mitchells & Butlers plc Travel, hospitality, leisure & tourism Mitchells & Butlers plc has announced that its 2018 AGM will be held on 23 January 2018.
13 December 2017 TUI AG Travel, hospitality, leisure & tourism TUI AG has announced that its 2018 AGM will be held on 13 February 2018.
11 December 2017 The Sage Group plc Computing & IT The Sage Group plc has announced that its 2018 AGM will be held on 28 February 2018.

Delistings

Announcement date Delisting company Industry sector Key information
11 December 2017 Allied Irish Banks plc Financial services Allied Irish Banks plchas announced the cancellation of shares from the primary listing segment of the Official List of the Irish Stock Exchange and the premium listing segment of the Official List of the FCA and from trading on the Irish Stock Exchange’s main securities market and the London Stock Exchange’s main market for listed securities with effect from 8.00am today (11 December). The cancellation shares have been cancelled and 2,714,381,237 Allied Irish Bank shares have been issued to AIB Holdco.

LR/AIM Rules transactions

Announcement date Company Industry sector Key information
15 December 2017 Biopharma Credit plc Investment Biopharma Credit plc has announced a Related party transaction under the Listing rules.

Returns of value to shareholders

Announcement date Company Industry sector Key information
15 December 2017 Domino's Pizza Group plc Food & beverage
Travel, hospitality, leisure & tourism
Domino's Pizza Group has announced that from 15 December 2017 until 8 March 2018 it will commence an irrevocable, discretionary programme to purchase up to £20 million of the company's ordinary shares of 25/48 pence each.The programme will be conducted by the Company in accordance with and under the terms of the general authority granted by the Company's shareholders at the Company's Annual General Meeting on 20 April 2017, which authority will expire at the end of the next Annual General Meeting of the Company in 2018 or, if earlier, at the close of business on 20 July 2018 (2017 Authority).
The maximum number of shares that may be purchased under the programme is 44,526,635 (being the number of shares able to be purchased under the 2017 Authority, less shares purchased to date under the 2017 authority).
The purpose of the programme is to reduce the company's share capital and accordingly the company intends to cancel the ordinary shares purchased under the programme.

Reorganisations

Announcement date Company Industry sector Key information
11 December 2017 Allied Irish Banks plc Financial services Allied Irish Banks plc has announced that its HoldCo (AIB HoldCo) has sought the approval of the High Court for a reduction of its share capital, by reducing the nominal value of the AIB HoldCo shares from €2.47 to €0.625, thereby replicating the nominal value of AIB Bank shares.
7 December 2017 Sula Iron & Gold plc Mining, metals & extraction Sula Iron & Gold plc has announced that, in order for it to launch a fundraising process, it must undertake a share capital reorganisation, as the Company is unable to issue ordinary shares at a price below their nominal value. The Company currently has 3,271,746,363 existing ordinary shares in issue and a resolution is to be proposed at the Company’s General Meeting to divide each existing ordinary share into one new ordinary share and one deferred A share. The new ordinary shares will continue to have the same rights as attached to existing ordinary shares. The deferred A shares will not entitle the holder thereof to receive notice of or attend and vote at any general meeting of the Company or to receive a dividend or other distribution.

Reverse takeovers

Announcement date Company Industry sector Key information
14 December 2017 Atlantis Resources Limited and SIMEC Uskmouth Power Limited Energy & utilities Atlantis Resources has announced a potential acquisition of SIMEC Uskmouth Power Limited. The boards of directors of Atlantis and SIMEC UK Energy Holdings Limited have signed a conditional share purchase agreement pursuant to which Atlantis (or a wholly owned subsidiary of Atlantis) has agreed to acquire the entire issued share capital of SIMEC Uskmouth Power Limited in consideration for the issue to SIMEC of new Atlantis Ordinary Shares representing 49.99 per cent. of the share capital of Atlantis.
The acquisition constitutes a reverse takeover under the AIM Rules.

Secondary offers

Announcement date Issuer Industry sector Key information
15 December 2017 Bacanora Minerals Ltd Mining, metals & extraction Bacanora Minerals has announced that NextView Capital has agreed to acquire a 19.89% equity interest via the placement of 32,976,635 common shares in the Company at a price of 94.53 pence per share. The £31,172,813 capital raised by the placing will be used for the continued development of the Company's Sonora Lithium Project.
15 December 2017 Conviviality plc Food & beverages Conviviality has announced the completed placing of 8,000,000 new ordinary shares of £0.0002 each in the capital of the Company at a price of 375 pence per placing share to raise gross proceeds of £30 million. The placing is conditional inter alia on the acquisition being completed and has been fully underwritten by Investec Bank plc, the Company's sole bookrunner, broker and nominated adviser.
13 December 2017 SigmaRoc plc Construction SigmaRoc plc has announced a conditional placing of 34,000,000 new ordinary shares at 41 pence per share to raise gross proceeds of £13.9 million.
The placing price represents a 4.7% discount to the closing middle market price of the Company's ordinary shares, being 43 pence per ordinary share, on 12 December 2017.
Berenberg is acting as sole broker and bookrunner to the Placing.
12 December 2017 Xeros Technology Group plc Engineering & manufacturing Xeros Technology Group has announced a placing of 11,111,112 new ordinary shares with existing and new institutional investors at a placing price of 225 pence per placing share. The placing will be structured in two parts and will raise approximately £25 million.
8 December 2017 Ramsdens Holdings plc Financial Services NorthEdge Capital LLPannounced that Fund I and I GP have sold, respectively, 9,250,350  and 212,350 ordinary shares in Ramsdens Holdings plc, representing approximately 30.7% of Ramsdens' entire issued share capital, at a price of 165 pence per share, realising gross sale proceeds of £15.6 million in aggregate.

Takeover

Announcement date Issuer Industry sector Key information
14 December 2017 Lonmin plc offer by Sibanye Gold Limited Mining, metal & extraction Lonmin announced a recommend all-share offer by Sibanye Gold Limited, trading as Sibanye-Stillwater. The Offer values each Lonmin Share at 100.0 pence and values the existing issued ordinary share capital of Lonmin at approximately £285 million.
13 December 2017 Plant Impact plc Chemicals Plant Impact plc has announced a formal of sale process. The offer period commenced immediately. Plant Impact hopes to end the process in early 2018.
8 December 2017 Millennium & Copthorne Hotels plc offer by City Developments Limited Travel, hospitality, leisure & tourism City Developments has announced a final offer of Millennium & Copthorne Hotels. The value of consideration is £2.014 billion. The offer is made with the independent committee established to include the independent non-executive directors and exclude directors appointed by City Developments Limited.
The final offer is a follow up from the possible offer announced on 9 October 2017.

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