Market Tracker weekly round-up—16 June 2017

Weekly round-up of the latest corporate announcements, including takeovers of Kalibrate Technologies plc, Monitise plc and Berendsen plc, secondary offers by Diversified Gas & Oil plc and Wizz Air Holdings plc, a reorganisation by Stratex International plc, an LR/AIM rule transaction by SolGold plc, and 6 AGM notices.

New deals (and AGMs) announced:

AGMs

Announcement date Company Key information
16 June 2017 Daily Crest Group plc Dairy Crest has announced that its 2017 AGM will be held on 18 July 2017.
14 June 2017 Young & Co’s Brewery plc Young & Co’s Brewery has announced that its 2017 AGM will be held on 11 July 2017.
14 June 2017 Workspace Group plc Workspace has announced that its 2017 AGM will be held on 14 July 2017.
13 June 2017 BTG plc BTG has announced that its 2017 AGM will be held on 13 July 2017.
12 June 2017 LondonMetric Property plc LondonMetric Property has announced that its 2017 AGM will be held on 11 July 2017.
12 June 2017 Land Securities Group plc Land Securities has announced that its 2017 AGM will be held on 13 July 2017.

LR/AIM Rules transactions

Announcement date Company Key information
16 June 2017 SolGold plc SolGold has announced a related party transaction under Rule 13 of the AIM Rules.

Reorganisations

Announcement date Company Key information
15 June 2017 Stratex International plc Stratex International announced a proposed share capital reorganisation by way of a 20-to-1 consolidation of its issued ordinary share capital.
The share consolidation is being proposed in connection with a transaction under which Stratex International will acquire the entire issued share capital of Crusader Resources Limited by way of a scheme of arrangement.

Secondary offers

Announcement date Issuer Key information
15 June 2017 Diversified Gas & Oil plc Diversified Gas & Oil announced that it has placed 39.3 million new ordinary shares at 70p per share with certain existing and new institutional investors to raise $35.0 million (£27.5 million).
The placing will take place in two tranches. 11.4 million firm placing shares have been placed to raise $10.1 million. The remaining 27.9 million conditional placing shares are placed conditional on approval by shareholders.
The proceeds of the placing will be used to partly fund the acquisition of certain gas and oil assets of Titan Energy, LLC.
14 June 2017 Wizz Air Holdings plc Wizz Air has announced that Indigo Partners LLC has sold an aggregate of 10.7 million ordinary shares in Wizz Air Holdings by way of an accelerated bookbuild process to institutional investors at a price of 2,320 pence per placing share, raising gross proceeds of approximately £249 million.

Takeovers

Announcement date Issuer Key information
15 June 2017 Gemfields plc–possible offer by Fosun Gold Holdings Limited Gemfields has announced that it has received an approach from, and was in active possible offer negotiations with Hong Kong-incorporated Fosun Gold.
In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers, a 28-day 'put up or shut up' deadline of 5 August 2017 has been imposed, by which time Fosun Gold must have either announced a firm intention to make an offer or that it does not intend to make an offer.
This is a potential competing offer to Pallinghurst Resources Limited's hostile offer for Gemfields, announced on 19 May 2017.
See deal summary:
Gemfields plc—offer by Pallinghurst Resources Limited
13 June 2017 Kalibrate Technologies plc—offer by Hanover Investors Management LLP Hanover Investors has announced a recommended all-cash offer for AIM-listed Kalibrate Technologies, structured as a contractual offer.
12 June 2017 Monitise plc—offer by Fiserv, Inc. Fiserv has announced a recommended all-cash offer for AIM-listed Monitise, structured by way of a scheme of arrangement.
12 June 2017 Berendsen plc—offer by Elis SA Elis has announced a recommended acquisition of Berendsen, structured by way of a scheme of arrangement. Target shareholders are set to receive, for each share held, £5.40 in cash and 0.403 New Elis shares.The acquisition values Berendsen at £2.17 billion. The firm offer follows Elis' possible offer approach for Berendsen announced on 18 May 2017.
See deal summary:
Berendsen plc—possible offer by Elis SA (firm offer announced)

The weekly round-up covers all deals announced from the Monday of the previous week until 2pm on the Friday of the previous week. Any deals announced after this time will be included in the following day's round-up.

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