Market Tracker weekly round-up—6 April 2018

Weekly round-up of the latest corporate announcements, including a possible offer for Airea plc by James Halstead plc, a recommended cash offer for Mytrah Energy Limited by Raksha Energy Holdings Limited, a possible competing offer for Fidessa Group plc by potential competing bidders, a delisting by Abaco Capital plc, related party transactions by Action Hotels plc and Weatherly International plc and AGM notices from BP plc, ContourGlobal plc, Hiscox Limited, Paddy Power Betfair plc, Pearson plc, Petrofac Limited, Serco Group plc and SIG plc.

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.

New deals (and AGMs) announced:

AGMs

Announcement date Company Industry sector Key information
5 April 2018 BP plc Oil & gas BP has announced that its 2018 AGM will be held on 21 May 2018.
5 April 2018 ContourGlobal plc Energy & utilities ContourGlobal has announced that its 2018 AGM will be held on 10 May 2018.
5 April 2018 Petrofac Limited Oil & gas Petrofac has announced that its 2018 AGM will be held on 18 May 2018.
5 April 2018 SIG plc Professional services SIG has announced that its 2018 AGM will be held on 10 May 2018.
4 April 2018 Hiscox Limited Financial services Hiscox has announced that its 2018 AGM will be held on 17 May 2018.
4 April 2018 Pearson plc Media & telecommunications Pearson has announced that its 2018 AGM will be held on 4 May 2018.
4 April 2018 Serco Group plc Professional services Serco Group has announced that its 2018 AGM will be held on 10 May 2018.
3 April 2018 Paddy Power Betfair plc Travel, hospitality, leisure & tourism Paddy Power Betfair has announced that its 2018 AGM will be held on 18 May 2018.

Delistings

Announcement date Delisting company Industry sector Key information
6 April 2018 Abaco Capital plc Investment Abaco Capital has announced its intention to seek Shareholders' approval for the cancellation of admission of its Shares to trading on AIM.
Due to the Board's proposal to return capital to Shareholders through the Members' Voluntary Liquidation, the Board believes that subject to shareholder approval for the Members' Voluntary Liquidation it will no longer be in the best interests of the Company or its Shareholders to maintain the Company's admission to trading on AIM.
The Resolutions will be proposed at the Company's AGM to be held on 8 May 2018 at 11.30 a.m. It is expected that trading in the Shares on AIM will be suspended with effect from 7.30 a.m. on 8 May 2018 with the Delisting expected to take effect at 7.00 a.m. on 9 May 2018.

LR/AIM Rules transactions

Announcement date Company Industry sector Key information
3 April 2018 Action Hotels plc Travel, hospitality, leisure & tourism Action Hotels has announced a Related party transaction under the AIM Rules.
3 April 2018 Weatherly International plc Mining, metals & extraction Weatherly International has announced a Related party transaction under the AIM Rules.

Takeovers

Announcement date Deal Industry sector Key information
5 April 2018 Airea plc possible offer by James Halstead plc Construction James Halstead announced a possible offer for the entire issued and to be issued shares of Airea plc. The put up or shut up deadline is 2 May 2018.
4 April 2018 Myrtah Energy Limited offer by Raksha Energy Holdings Limited Energy & utilities Raksha, a newly incorporated company by The Raksha Trust, announced a recommended all cash offer for the entire issue and to be issued share capital of Mytrah Energy Limited.Raksha holds 57.9% of Mytrah’s share capital.
The total offer consideration of Mytrah is £78.9 million, Mytrah’s shareholders will receive 45 pence in cash for each share they hold.
3 April 2018 Fidessa Group plc possible offer by potential competing bidders Travel, hospitality, leisure & tourism Fidessa has announced it received approaches from companies for a potential competing offer to the offer made by Temenos Group AG.Fidessa has requested to adjourn the Scheme Court Meeting and General Meeting called for 5 April 2018 to approve the Temenos Offer in order to explore in more detail the possible alternative offers.
See deal summary: Fidessa Group plc offer by Temenos Group AG.

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