Market Tracker weekly round-up—29 September 2017

Weekly round-up of the latest corporate announcements, including recommended cash-offer for Imagination Technologies via CBFI Investment Limited, secondary offers from Just Group plc and Royal Bank of Scotland Group plc, a joint venture between Red Rock Resources plc and Cobalt Blue Limited, a delisting by Terra Catalyst Fund and an AGM notice from ABCAM plc.

New deals (and AGMs) announced:

AGMs

Announcement date Company Key information
22 September 2017 ABCAM plc ABCAM has announced that its 2017 AGM will be held on 14 November 2017.

Delistings

Announcement date Company Key information
27 September 2017 Terra Catalyst Fund Terra Catalyst Fund has announced its Directors are seeking shareholder approval at the AGM to cancel its listing on AIM.

Joint ventures

Announcement date JV parties Key information
26 September 2017 Red Rock Resources plc and Cobalt Blue Limited Red Rock Resources  announced that it had entered into a conditional agreement with Cobalt Blue Limited, to acquire an interest in a joint venture company to be newly formed for the exploitation of four or five copper/cobalt tailings near Kolwezi in the Democratic Republic of Congo.
In the event that Red Rock Resources elects to proceed with the transaction following due diligence and fulfilment or waiver of the conditions, it will acquire 26.25% of joint venture company.

Secondary offerings

Announcement date Company Key information
25 September 2017 Just Group plc Just Group shareholder Cinven has announced it intends to sell approximately 93 million ordinary shares in the Company, which represents approximately 10% of the Company's issued share capital.
The remainder of the Company's ordinary shares held by Cinven following the placing will be subject to a lock-up which ends 90 days after completion of the placing (subject to waiver by the Joint Bookrunners and to certain exceptions).
Announcement date Company Key information
27 September 2017 Royal Bank of Scotland Group plc The Royal Bank of Scotland Group has announced the allotment and issue of 56,634,740 new ordinary shares at a subscription price of 256.0266 pence per share. The gross proceeds of the issue are £145 million representing an increase of approximately 0.48% per cent in the company's current issued ordinary shares.

Takeovers

Announcement date Deal Key information
25 September 2017 Imagination Technologies plc by Canyon Bridge Capital Partners, LLC Canyon Bridge Capital Partners announced an all recommended cash-offer for Imagination Technologies via CBFI Investment Limited, a newly incorporated company, indirectly owned by Canyon Bridge.
The value of the acquisition amounts to £550 million.

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

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