Market Tracker weekly round-up—26 April 2019

Market Tracker weekly round-up—26 April 2019

Weekly round-up of the latest corporate announcements, including a recommended cash offer for KCOM Group plc by Humber Bidco Limited, a secondary offer by Gresham House Energy Storage Fund plc, a transfer from the Main Market to AIM by the Alumasc Group plc, a related party transaction under the AIM rules by Taptica International limited, a return of value to shareholders by Stagecoach Group plc and 10 AGM notices.

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 4,900 public company deal summaries.

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

New deals (and AGMs) announced:

AGMs

Announcement dateCompanyIndustry sectorKey information
25 April 2019Hurricane Energy plcOil & GasHurricane Energy has announced that its 2019 AGM will be held on 5 June 2019.
25 April 2019Smart Metering Systems plcProfessional ServicesSmart Metering Systems has announced that its 2019 AGM will be held on 28 May 2019.
23 April 2019Central Asia Metals plcMining, Metals & ExtractionCentral Asia Metals has announced that its 2019 AGM will be held on 16 May 2019.
23 April 2019Ferrexpo plcMining, Metals & ExtractionFerrexpo has announced that its 2019 AGM will be held on 7 June 2019.
23 April 2019Fevertree Drinks plcFood & BeveragesFevertree Drinks has announced that its 2019 AGM will be held on 24 May 2019.
23 April 2019Metro Bank plcBanking & FinanceMetro Bank has announced that its 2019 AGM will be held on 21 May 2019.
23 April 2019WPP plcMedia & TelecommunicationsWPP has announced that its 2019 AGM will be held on 12 June 2019.
18 April 2019IP Group plcFinancial ServicesIP Group has announced that its 2019 AGM will be held on 28 May 2019.
18 April 2019Midwich Group plcProfessional ServicesMidwich Group has announced that its 2019 AGM will be held on 13 May 2019.
18 April 2019Sabre Insurance Group plcFinancial ServicesSabre Insurance Group has announced that its 2019 AGM will be held on 23 May 2019.

 

LR/AIM Rules transactions

Announcement dateCompanyIndustry sectorKey information
26 April 2019Taptica International limitedMedia & TelecommunicationsTaptica announced a related party transaction under the AIM rules.

Returns of value to shareholders

Announcement dateCompanyIndustry sectorKey information
25 April 2019Stagecoach Group plcTravel, Hospitality, Leisure & TourismStagecoach Group has announced a share buyback programme to buy back shares with an aggregate market value of up to £60 million.
The purpose of the buyback is to reduce the share capital of Stagecoach and it will take place within the limitations of the authority granted to the Board of Stagecoach at the general meeting, held on 31 August 2018, pursuant to which the maximum number of shares to be bought back was 50,000,000. 

Secondary offers

Announcement dateIssuerIndustry sectorKey information
26 April 2019Gresham House Energy Storage Fund plcInvestmentGresham House announced a placing of up to 75 million shares at a price of 101 pence per share. Cantor Fitzgerald Europe is acting as sole bookrunner in connection with the placing. The shares are expected to be admitted to trading on 24 May 2019.

Takeovers

Announcement dateCompanyIndustry sectorKey information
24 April 2019KCOM Group plc offer by Humber Bidco LimitedMedia & TelecommunicationsThe boards of Bidco and KCOM have announced that they have reached agreement on the terms of a recommended cash acquisition by Bidco, a wholly-owned indirect subsidiary of Universities Superannuation Scheme Limited, of the entire issued and to be issued ordinary share capital of KCOM. It is intended that the acquisition will be implemented by means of a scheme of arrangement.
The acquisition values the entire issued and to be issued ordinary share capital of KCOM at approximately £504 million.

Transfers from the Main Market to AIM

Announcement dateIssuerIndustry sectorKey information
26 April 2019The Alumasc Group plcConstructionThe Alumasc Group announced the proposed cancellation of the company’s shares from trading on the Main Market, and to apply for admission on AIM. The transfer is conditional on shareholder approval at a general meeting, which will be held on 23 May 2019.

 

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