Market Tracker weekly round-up—3 February 2017

Weekly round-up of the latest corporate announcements, including an offer by Betsson plc for Netplay plc, reverse takeovers by Stratmin Global Resources plc and Signature Gold Limited, Attraqt Group plc acquisition of Fredhopper BV, IPOs by Arix Bioscience plc, Ramsdens Holdings plc, delistings by Jiasen International Holdings Limited, a return of value to shareholders by Reconstruction Capital II Limited, secondary offers by XLMedia plc, Zoopla Property Group plc, Mercia Technologies plc, ATTRAQT Group plc, LR/AIM Rules transaction by Mercia Technologies plc and an AGM by SSP Group plc.

New deals (and AGMs) announced:

AGMs

Announcement date Company Key information
30 January 2017 SSP Group plc SSP has announced that its 2017 AGM will be held on 13 March 2017.

Delistings

Announcement date Company Key information
30 January 2017 Jiasen International Holdings Limited Jiasen International Holdings Limited announced that the company concluded it will seek the cancellation of the company's shares from trading on AIM and apply for the ordinary shares of the company to be admitted to trading on the NEX Exchange Growth Market.The company will shortly be sending a notice to all shareholders to convene a general meeting to consider approving the cancellation of the company's ordinary shares from trading on AIM. Cancellation will be conditional on obtaining shareholder approval.

IPOs

2 February 2017 Arix Bioscience plc Arix Bioscience has announced its intention to launch an initial public offering of its ordinary shares and to apply for admission of its ordinary shares to the standard listing segment of the Official List and to trading on the Main Market of the London Stock Exchange to raise gross proceeds of up to £100 million. Admission is expected to take place on or around 22 February 2017.
2 February 2017 Ramsdens Holdings plc Ramsdens Holdings has announced its intention to seek admission of its shares to trading on the AIM Market of the London Stock Exchange following a successful institutional placing.The placing, which is conditional on admission, comprises a placing of 5,813,953 new and 12,313,979 existing ordinary shares of 1 penny each at 86 pence per share with institutional investors to raise gross proceeds of approximately £15.6 million.

LR/AIM Rules transactions

Announcement date Company Key information
31 January 2017 Mercia Technologies plc Mercia Technologies has announced a related party transaction under rule 13 of the AIM Rules.

Returns of value to shareholders

Announcement date Company Key information
31 January 2017 Reconstruction Capital II Limited Reconstruction Capital II has announced proposals to return the majority of the proceeds from the company's sale of its shareholding in Albalact S.A. to shareholders. The company is proposing to return €17 million, representing approximately €0.115 pence per share, to shareholders by way of an issue of redeemable B Shares. Shareholders will be issued with one B Share with a nominal value of €1.00, for every 8.685 shares held on 23 February 2017.
It is expected that the B Shares will be redeemed on or around 14 April 2017.

Reverse takeovers

Announcement date Company Key information
2 February 2017 Stratmin Global Resources plc proposed acquisition of Signature Gold Limited Stratmin Global Resources has announced that is to acquire Signature Gold. The acquisition of Signature Gold constitutes a reverse takeover that will be subject to existing shareholders' approval.
30 January 2017 Attraqt Group plc acquisition of Fredhopper BV Attraqt Group has announced that is to acquire Fredhopper BV.The acquisition of Fredhopper constitutes a reverse takeover that will be subject to existing shareholders' approval.

Secondary offers

Announcement date Issuer Key information
3 February 2017 XLMedia plc XLMedia announced the placing of approximately 40,000,000 existing ordinary shares by a major shareholder, WebPals Enterprises Limited Partnership, at a price of 100 pence per existing ordinary share.The size of the placing represents approximately 20% of the company's issued share capital and is expected to raise £40 million before expenses.
Following the placing, the selling major shareholder will continue to hold 45,040,327 ordinary shares in the company, representing approximately 22.48% of the issued share capital of the company.
The company was not a party to the placing and will not receive any proceeding from the placing.
1 February 2017 Zoopla Property Group plc Zoopla Property Group announced the placing of 20,897,684 new ordinary shares of 1 pence per share at an issue price of 365 pence per placing share, raising total gross proceeds of approximately £76.3 million for the company.The placing shares represent approximately 5% of the issued ordinary share capital of the company prior to the placing, and when issued, will rank pari passu in all respects with the existing ordinary shares of the company, including the right to receive all dividends and other distributions declared.
The proceeds of the placing will be used to part-fund the £120 million total consideration payable in connection with the acquisition of Hometrack.co.uk Ltd.
31 January 2017 Mercia Technologies plc Mercia Technologies announced a conditional placing of 86,956,521 new ordinary shares at an offer price of 46 pence per new ordinary share, to raise approximately £40 million before expenses.The offer price of 46 pence per new ordinary share represents a discount of approximately 8.9% to the closing middle market price of 50.5 pence per existing ordinary share on 30 January 2017, being the last practical date prior to the announcement of the placing.
The primary purpose of the placing is to accelerate the development of the company's existing portfolio companies and to support future growth of the company as a whole.
30 January 2017 ATTRAQT Group plc ATTRAQT Group plc announced a firm placing of 78,572,000 new ordinary shares at an offer price of 35 pence per new ordinary share with new and existing shareholders, to raise approximately £28.5 million before expenses. The company also intends to raise up to an additional £1 million by way of an open offer to existing shareholders (but not those who have taken part in the firm placing).The net proceeds of the firm placing and open offer will be used primarily to fund the acquisition, as well as general working capital for the company.

Takeovers

Announcement date Deal Key information
2 February 2017 Netplay plc- Offer by Betsson AB NetPlay has announced a recommended cash offer pursuant to which Betsson will acquire the entire issued and to be issued share capital of NetPlay.

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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