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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Schroder UK Mid Cap Fund PLC - investor in mid-cap equities - Says 11.4 million shares, 34% of the shares in issue, were validly tendered under the terms of the tender offer. As the aggregate number of shares validly tendered did not exceed the maximum tender condition the offer will proceed and the tender pool will be created at close of business on Thursday. Realisation of the assets held in the pool is currently expected to be completed by no later than close of business on August 5, with the final tender price and payment date announced shortly after. ‘We are pleased that a clear majority of our shareholders have chosen to remain invested in the company, and we now have a stable base from which to grow going forward,’ says Chair Harry Morley. ---------- Palace Capital PLC - London-based property investor - Following consultation with its largest shareholders, Lakestreet Capital Partners AG and Lakestreet Trading AG, Palace Capital says it has confirmed that each of the Lakestreet entities will not, at any time exercise any voting rights attaching to any shares of the company which would represent, in aggregate, more than 29.99% of the total votes that may be cast on a poll at any general meeting. ---------- Dotlines Global Ltd - operating in the telecommunications, digital infrastructure, cybersecurity and financial technology sectors - Announces that it is changing the financial yearend date to December 31 from June 30. It believes that aligning the financial yearend with its operational reporting cycle and internal planning processes will improve comparability of financial performance and enhance internal reporting efficiencies. ---------- Deltic Energy PLC - London-based investment firm with an exploration and appraisal portfolio in the southern and central North Sea - Shareholders back the scheme by which takeover bid by Neo Next+ Energy Upstream UK Ltd will be facilitated at a court meeting and general meeting on Wednesday. The scheme is expected to become effective before the end of the third quarter. The deal remains subject to approval by the North Sea Transition Authority, to which information has been provided. ---------- Angus Energy PLC - UK-focused onshore oil and gas developer - Agrees restructuring deal with all key creditor groups, namely Trafigura, the Royalty Holders and Forum Energy Services Ltd. This represents a ‘transformational milestone’ for the business, providing a clear, sustainable financial platform for the company’s next phase of development, it says. The agreement to settle the amounts due to the Royalty Holders removes a ‘significant contingent liability’, while the conversion of the deferred consideration due to Forum into equity further aligns key stakeholders with the company’s long-term success. In addition, Trafigura has agreed to consolidate and extend its facilities at a reduced cost of capital, lowering financing costs and providing the company with a stable and predictable repayment profile and enhanced financial flexibility. ‘Following its successful corporate and balance sheet restructuring, the Company is expected to emerge from the suspension of trading in its shares as a more financially secure and operationally attractive onshore oil and gas investment,’ it says. Angus Energy says it is now positioned to generate ‘sustainable cash flow, with clear opportunities for organic growth, supported by a favourable forward gas price environment.’ Alongside the restructuring, the company has undertaken a £3.0 million fundraising via a placing and subscription at 0.2 pence per share which will primarily be used to optimise operations at the Saltfleetby gas field and to accelerate the preparation, planning, and procurement of long-lead items for a fourth gas production well. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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