Market Tracker weekly round-up—7 April 2017

Weekly round-up of the latest corporate announcements, including a possible offer for WS Atkins plc, a formal sale process initiated by Frenkel Topping Group plc, a secondary offer by Hollywood Bowl Group plc, a delisting by Taihua plc, LR/AIM Rules transactions by Abzena plc and Reconstruction Capital II Limited, and 20 AGM notices.

New deals (and AGMs) announced:

AGMs

Announcement date Company Key information
7 April 2017 Hikma Pharmaceuticals plc Hikma Pharmaceuticals has announced that its 2017 AGM will be held on 19 May 2017.
7 April 2017 IP Group plc IP Group has announced that its 2017 AGM will be held on 10 May 2017.
7 April 2017 Rathbone Brothers plc Rathbone Brothers has announced that its 2017 AGM will be held on 11 May 2017.
6 April 2017 Cairn Energy plc Cairn Energy has announced that its 2017 AGM will be held on 19 May 2017.
6 April 2017 Grafton Group plc Grafton Group has announced that its 2017 AGM will be held on 9 May 2017.
6 April 2017 Royal Bank of Scotland plc Royal Bank of Scotland has announced that its 2017 AGM will be held on 11 May 2017.
6 April 2017 Sanne Group plc Sanne has announced that its 2017 AGM will be held on 18 May 2017.
5 April 2017 Paysafe Group plc Paysafe has announced that its 2017 AGM will be held on 9 May 2017.
5 April 2017 Rentokil Initial plc Rentokol has announced that its 2017 AGM will be held on 10 March 2017.
5 April 2017 SIG plc SIG has announced that its 2017 AGM will be held on 11 May 2017.
4 April 2017 Aldermore Group plc Aldermore has announced that its 2017 AGM will be held on 26 May 2017.
4 April 2017 Hochschild Mining plc Hochschild has announced that its 2017 AGM will be held on 11 May 2017.
4 April 2017 Mondi plc Mondi has announced that its 2017 AGM will be held on 11 May 2017.
4 April 2017 Savills plc Savills has announced that its 2017 AGM will be held on 9 May 2017.
4 April 2017 Worldpay Group plc Worldpay has announced that its 2017 AGM will be held on 10 May 2017.
3 April 2017 Vesuvius plc Vesuvius has announced that its 2017 AGM will be held on 10 May 2017.
31 March 2017 Morgan Advanced Materials plc Morgan Advanced Materials has announced that its 2017 AGM will be held on 5 May 2017.
31 March 2017 Phoenix Group Holdings plc Phoenix Group has announced that its 2017 AGM will be held on 11 May 2017.
31 March 2017 Rightmove plc Rightmove has announced that its 2017 AGM will be held on 9 May 2017.
31 March 2017 St James' place plc St James' place has announced that its 2017 AGM will be held on 4 May 2017.

Delistings

Announcement date Delisting company Key information
5 April 2017 Taihua plc Taihua has announced that it intends to cancel the admission to trading of its ordinary shares on AIM and re-register the company as a private limited company.
The cancellation is subject to shareholder approval at a general meeting to be held on 21 April 2017.

LR/AIM Rules transactions

Announcement date Company Key information
5 April 2017 Abzena plc Abzena has announced a related party transaction under the AIM rules.
3 April 2017 Reconstruction Capital II Limited Reconstruction Capital II has announced a related party transaction under Rule 13 of the AIM Rules.

Reorganisations

Announcement date Company Key information
4 April 2017 InterContinental Hotels Group plc IHC has announced a consolidation of the company's ordinary share capital.
A resolution to effect the share consolidation will be proposed at the company's AGM, to be held on 5 May 2017.

Returns of value to shareholders

Announcement date Company Key information
6 April 2017 Gresham House Strategic plc Gresham House Strategic has announced that it is to commence a share buyback programme.
5 April 2017 Abzena plc Abzena has announced a proposed placing of £25 million (gross) to expand further its service offering, capacity and capabilities.The number of placing shares to be placed is 75,757,576 new ordinary shares at a price of 33 pence each.

Secondary offers

Announcement date Issuer Key information
7 April 2017 Hollywood Bowl Group Plc Hollywood Bowl has announced that Electra Private Equity Partners 2006 Scottish LP (Electra) has sold in aggregate 26,702,364 existing ordinary shares in Hollywood Bowl at a price of 152.5 pence per share (the Placing), raising aggregate gross proceeds of approximately £40.7 million.The company is not a party to the Placing and will not receive any proceeds from the Placing.

Takeovers

Announcement date Deal Key information
3 April 2017 Frenkel Topping Group plc - formal sale process On 3 April 2017, Frenkel Topping Group announced that it was conducting a strategic review of its options and seeking potential offerors for the company by means of a formal sale process, putting the company into an offer period with immediate effect.
3 April 2017 WS Atkins plc—possible offer by SNC-Lavalin Group Inc. WS Atkins has announced in response to movement in its share price that it has received a possible offer approach from SNC-Lavalin.The 'put up or shut up' deadline is 1 May 2017.

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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