Market Tracker weekly round-up—2 November 2018

Market Tracker weekly round-up—2 November 2018

Weekly round-up of the latest corporate announcements, including secondary offers by Next Fifteen Communications Group plc and Restaurant Group plc, reorganisations by Location Sciences Group plc and Phoenix Group Holdings, joint ventures by TechFinancials Inc. and Footies Tech Limited and SIMEC Atlantis Energy and Development Agency for Normandy, a delisting of Kemin Resources plc, returns of value by Lancashire Holdings Limited and BHP Billiton plc and a LR/AIM Rules transaction from Restaurant Group 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.

All transactions covered in this update are available on the Market Tracker deal analysis tool containing over 4000 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 announced:

Delistings

Announcement date Delisting company Industry sector Key information
26 October 2018 Kemin Resources plc Mining, metals & extraction Kemin Resources has announced that the company has been unable to find a replacement Nominated Advisor in the requisite time and resultantly will be delisted from AIM. The delisting will be effective from 7.00 a.m. on 29 October 2018. In order to provide liquidity to shareholders, J P Jenkins Ltd has been appointed to provide a dealing facility which will commence on 1 November 2018.

Joint ventures

Announcement date Deal Industry sector Key information
30 October 2018 TechFinancials Inc. and Footies Tech Limited Financial services TechFinancials announced that it has entered into non-binding heads of terms with Footies Tech to establish a new company subsidiary NewCo. TechFinancials will hold 75% of the shares of NewCo,

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