Market Tracker weekly round-up—9 June 2017

Weekly round-up of the latest corporate announcements, including a possible offer approach for Stanley Gibbons Group plc, secondary offers by Boohoo.com plc, Eland Oil & Gas plc, ConvaTec Group plc and Countryside Properties plc, reorganisations by Premier Asset Management Group plc and Gusbourne plc, and 5 AGM notices.

New deals (and AGMs) announced:

AGMs

Announcement date Company Key information
8 June 2017 Newriver REIT plc Newriver has announced that its 2017 AGM will be held on 14 July 2017.
6 June 2017 Burberry Group plc Burberry has announced that its 2017 AGM will be held on 13 July 2017.
6 June 2017 BNN Technology plc BNN has announced that its 2017 AGM will be held on 28 June 2017.
2 June 2017 Electrocomponents plc Electrocomponents has announced that its 2017 AGM will be held on 20 July 2017.
2 June 2017 Sainsbury J plc Sainsbury J has announced that its 2017 AGM will be held on 5 July 2017.

LR/AIM Rules transactions

Announcement date Company Key information
8 June 2017 boohoo.com plc Boohoo has announced a related party transaction under the AIM Rule 13.

Reorganisations

Announcement date Company Key information
7 June 2017 Premier Asset Management Group plc Premier Asset Management announced capital reduction by cancelling the company's share premium account.
The capital reduction will create distributable reserves which will be available for the directors of the Company to use for the purposes of paying dividends and/or buying back ordinary shares, should circumstances in the future make it desirable to do so.
6 June 2017 Gusbourne plc Gusbourne announced a proposed share capital reorganisation by way of a sub-division of its ordinary shares.
Under the proposals, each ordinary share of 50 pence each will be sub-divided into 1 ordinary share of 1 penny and 1 deferred share of 49 pence.
The proposed sub-division is being proposed in connection with an open offer.

Secondary offers

Announcement date Issuer Key information
7 June 2017 Boohoo.com plc Boohoo has announced a proposed conditional private placing of new ordinary shares with existing and new institutional investors, to raise gross proceeds of approximately £50m.At the same time, subject to there being sufficient demand, up to 36.6 million existing ordinary shares held by existing shareholders are to be placed with institutional investors by certain selling shareholders.
The placing shares are being offered by way of an accelerated bookbuilding process.
7 June 2017 Eland Oil & Gas plc Eland Oil & Gas announced a proposed placing of new voting ordinary shares of 10 pence each in the Company in order to raise gross proceeds of between c.$14.5 million and c.$19.5 million.
It is expected that the placing price will be at, or around, 55 pence per placing share.
The placing is being conducted through a bookbuilding process, which will be launched immediately.
5 June 2017 ConvaTec Group plc ConvaTec announced that certain shareholders intend to sell approximately 200 million shares in aggregate in ConvaTec Group to institutional investors by way of an accelerated bookbuild.
5 June 2017 Countryside Properties plc Countryside Properties announced that certain shareholders intend to sell an aggregate of up to 11,017,432 ordinary shares in Countryside Properties by way of an accelerated bookbuild.

Takeovers

Announcement date Deal Key information
9 June 2017 Stanley Gibbons Group plc - possible offer by Disruptive Capital Stanley Gibbons has announced, in response to movement in its share price, that it has received an unsolicited possible offer approach from Disruptive Capital.
The 'put up or shut up' deadline is 7 July 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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