Market Tracker weekly round-up—25 May 2018

Weekly round-up of the latest corporate announcements, including a formal sale process by Electra Private Equity plc, secondary offers by Draper Esprit plc, Dairy Crest Group plc, Atlantis Resources Limited, a return of value by Kingfisher plc, an IPO by Utilico Global Income plc, a transfer from AIM to Main by Plus500 Limited, a Class 1 transaction by Old Mutual plc and 14 AGM notices.
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 monthly round ups please visit the Market Tracker topic on the Corporate homepage.

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

For specific analysis and commentary on some of the key deals currently being tracked by Market Tracker, in particular certain noteworthy public company takeovers and equity capital market transactions, see Market Tracker—key deal analysis and latest developments .

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

New deals (and AGMs) announced:

AGMs

Announcement date Company Industry sector Key information
25 May 2018 Pennon Group plc Energy & utilities Pennon announced that its 2018 AGM will be held on 5 July 2018.
25 May 2018 SSE plc Energy & utilities SSE announced that its 2018 AGM will be held on 19 July 2018.
24 May 2018 BT Group plc Media & telecommunications BT announced that its 2018 AGM will be held on 11 July 2018.
24 May 2018 Capita plc Professional services Capita announced that its 2018 AGM will be held on 26 June 2018.
24 May 2018 Electrocomponents plc Retail & wholesale trade Electrocomponents announced that its 2018 AGM will be held on 19 July 2018.
24 May 2018 Mediclinic International plc Healthcare Mediclinic International announced that its 2018 AGM will be held on 25 July 2018.
24 May 2018 TalkTalk Telecom Group plc Media & telecommunications TalkTalk Telecom announced that its 2018 AGM will be held on 18 July 2018.
24 May 2018 Ted Baker plc Retail & wholesale trade Ted Baker announced that its 2018 AGM will be held on 12 June 2018.
24 May 2018 Wizz Air Holdings plc Travel, hospitality, leisure & tourism Wizz Air announced that its 2018 AGM will be held on 24 July 2018.
23 May 2018 Babcock International Group plc Professional services Babcock has announced that its AGM 2018 will be held on 19 July 2018.
23 May 2018 Vedanta Resources plc Mining, metals & extraction Vedanta announced its 2018 AGM will be held on 13 August 2018.
22 May 2018 Big Yellow Group plc Investment
Property
Big Yellow has announced that its 2018 AGM will be held on 19 July 2018.
22 May 2018 Pets at Home Group plc Retail & wholesale trade Pets at Home announced that its 2018 AGM will be held on 12 July 2018.
18 May 2018 Whitbread plc Travel, hospitality, leisure & tourism Whitbread announced that its 2018 AGM will be held on 27 June 2018.

IPOs

Announcement date Issuer Industry sector Key information
22 May 2018 Utilico Global Income plc Investment Utilico Global Income has announced its intention to float on the London Stock Exchange’s Main Market.

LR/AIM Rules transactions

Announcement date Company Industry sector Key information
25 May 2018 Old Mutual plc Financial services Old Mutual has announced a Class 1 transaction under the Listing Rules.

Returns of value to shareholders

Announcement date Company Industry sector Key information
24 May 2018 Kingfisher plc Retail & wholesale trade Kingfisher announced a share buyback programme commencing on 24 May 2018 and ending no later than 27 July 2018.
The maximum amount allocated to the programme will be no greater than £50 million and the purpose of the programme is to reduce the share capital of Kingfisher.

Secondary offers

Announcement date Issuer Industry sector Key information
25 May 2018 Draper Esprit plc Investment Draper Esprit announced a proposed placing and subscription to raise gross proceeds of up to £115 million at an issue pice of 420 pence per share.
The shares are being offered as part of an accelerated bookbuild.
24 May 2018 Dairy Crest Group plc Food & beverages Dairy Crest announced the successful completion of the non pre-emptive cash placing of new ordinary shares. A total of 14,107,224 shares of 25 pence per share have been placed by the bookrunners.
The placing has raised total gross proceeds of £70 million. Admission is expected to take place on 30 May 2018.
21 May 2018 Atlantis Resources Limited Oil & gas Atlantis Resources announced a placing of 57,142,857 new ordinary shares to raise up to £20 million for the company through an accelerated bookbuilding process.
Application will be made for the placing shares to be admitted to trading on AIM and it is expected that admission will become effective and that dealings in the placing shares will commence on or around 15 June 2018. The trade date for the placing is 13 June 2018 and settlement is expected to occur on 15 June 2018.

Takeovers

Announcement date Deal Industry sector Key information
24 May 2018 Electra Private Equity plc Investment Electra announced it is conducting a strategic review including a formal sale process to optimise value for shareholders through an evaluation of return on invested capital versus a return of cash to shareholders.

Transfers from AIM to the Main Market

Announcement date Issuer Industry sector Key information
24 May 2018 Plus500 Limited Financial services Plus500 announced its intention to apply for admission of all of its issued ordinary shares of NIS0.01 each to listing on the premium listing segment of the Official List of the UK Listing Authority and to trading on the Main Market on the London Stock Exchange. Pursuant to Rule 41 of the AIM Rules for Companies, Plus500 gives notice of the intended cancellation of trading of its ordinary shares on the AIM market of the London Stock Exchange.

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