Market Tracker weekly round-up—5 May 2017

Weekly round-up of the latest corporate announcements, including an IPO by Global Ports Holding plc, a secondary offering by Telit Communications plc, a reorganisation by Echo Energy plc, a reverse takeover by Diversified Gas & Oil plc, a LR/AIM Rules transaction by Evraz plc and 5 AGM notices.

New deals (and AGMs) announced:

AGMs

Announcement date Company Key information
4 May 2017 GVC Holdings plc GVC has announced that its 2017 AGM will be held on 20 June 2017.
4 May 2017 Smart Metering plc Smart Metering has announced that its 2017 AGM will be held on 24 May 2017.
2 May 2017 Camellia plc Camellia has announced that its 2017 AGM will be held on 1 June 2017.
2 May 2017 Bgeo Group plc Bgeo Group has announced that its 2017 AGM will be held on 1 June 2017.
28 April 2017 Merlin Entertainments plc Merlin Entertainments has announced that its 2017 AGM will be held on 13 June 2017.

IPOs

Announcement date Issuer Key information
2 May 2017 Global Ports Holding plc Global Ports Holding announced that it has published a prospectus in relation to its initial public offering and admission to the standard listing segment of the Official List on the main market of the London Stock Exchange.
The price range of the offer is between 735 and 875 pence per ordinary share (the Price Range). The size of the offer is up to 25,734,727 shares at the bottom end of the Price Range and up to 25,186,757 shares at the top end of the Price Range.

LR/AIM Rules transactions

Announcement date Company Key information
3 May 2017 Evraz plc Evraz has announced a related party transaction under the listing rules.

Rorganisations

Announcement date Company Key information
5 May 2017 Echo Energy plc Echo Energy has announced proposals to consolidate its existing ordinary shares in order to reduce the number of ordinary shares that are in issue to a level more in line with other comparable companies traded on AIM.The share capital of the Company will be re-organised by consolidating all of the existing ordinary shares as at close of business on 22 May 2017 into ordinary shares of 0.25 pence on the basis of one consolidated share for every 25 existing ordinary shares.
The consolidation will take effect on 23 May 2017.

Reverse takeovers

Announcement date Company Key information
5 May 2017 Diversified Gas & Oil plc acquisition of certain oil and gas assets of Titan Energy, LLC Diversified Gas & Oil (DGO) has announced that it is to acquire certain gas and oil assets of Titan Energy, LLC in the Appalachian Basin, principally the states of Ohio, Pennsylvania, southern New York and northeast Tennessee.The acquisition constitutes a reverse takeover in accordance with AIM Rule 14 and is subject to approval by DGO shareholders.

Secondary offers

Announcement date Issuer Key information
4 May 2017 Telit Communications plc Telit Communications has announced its intention to conduct a placing of up to 11,593,000 new ordinary shares in the company at a price of 340 pence per share, raising approximately £39 million.The proceeds from the placing will be used to fund several identified acquisition opportunities, mainly in the IoT Services sector, which the company will look to execute in the near to medium term.
Application for admission of the new shares to trading on AIM will be made in due course and the new shares are expected to commence trading on 10 May 2017.

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

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