AIM WINNERS & LOSERS: Ideagen accepts offer; Ncondezi sees potential
9th May 2022 11:13
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
CIP Merchant Capital Ltd - Guernsey-based investment company - Applies for the cancellation of admission to trading on AIM. Explains that its takeover offer from Corporation Financiere Europeenne SA has become unconditional and that the Luxembourg-based wealth management firm has received valid acceptances of over 48.0 million ordinary shares in CIP's share capital, representing a 75% stake. Confirms that it has agreed with AIM for the cancellation to occur on June 8. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
CIP Merchant Capital Ltd - Guernsey-based investment company - Corporation Financiere Europeenne SA declares takeover offer for CIP wholly unconditional in all respects as it owns or has acceptances for 53.6% of CIP's shares, exceeding the offer condition of 50%. The CIP board on Friday continues to recommend shareholders reject the offer, saying the 60 pence per share on offer undervalues the company's investment portfolio. Notes the 53.6% of shares controlled by CFE is not sufficient for CFE to unilaterally seek cancellation of the shares from AIM. CFE on Thursday said that if it reaches 75% acceptances for its offer, it will ask for CIP Merchant Capital shares to be delisted. Once it reaches 90%, it will pursue a compulsory acquisition of remaining shares. The offer remains open until April 15. Read More
CIP Merchant Capital Ltd - Guernsey-based investment company - Corporation Financiere Europeenne SA says it is on the verge of owning or receiving offer acceptances for 53.9% of CIP Merchant Capital's shares. CFE's takeover offer is expected to become unconditional on Thursday, as it had a 50% acceptance condition. CIP Merchant Capital earlier in March had labelled the bid as "hostile". It said the 60 pence per share offer, worth GBP33 million in total, was "similarly unattractive" to a previous 55p tilt. CFE had said its 60p offer was final, and it had an acceptance deadline of Friday. CFE says that if it reaches 75% acceptances for its offer, it will ask for CIP Merchant Capital shares to be delisted from AIM. Once it reaches 90%, it will pursue a compulsory acquisition of remaining shares. Read More
(Alliance News) - Stock prices in London were seen opening slightly lower on Thursday, with positive UK economic figures set against doused hopes of progress on a peace deal between Ukraine and Russia. Read More
CIP Merchant Capital Ltd - Guernsey-based investment company - Says latest "hostile" offer by Corporation Financiere Europeenne SA still undervalues company. CIP says: "The board, having consulted with Strand Hanson as to the financial terms of the final offer, continues to believe that the final offer still undervalues CIP and its future prospects. Accordingly, the directors unanimously recommend that shareholders reject the final offer." Company also notes that at 1.3%, current acceptances level for CFE offer is low, demonstrating the new offer is "similarly unattractive". CFE lifted its takeover offer by 9.1% to 60 pence per share from 55p. It said the cash offer, worth GBP33.0 million in total, is final. CIP has a GBP33.3 million market capitalisation. Read More
CIP Merchant Capital Ltd - Guernsey-based investment company - Corporation Financiere Europeenne SA raises takeover offer by 9.1% to 60 pence per share from 55p. Says cash offer, worth GBP33.0 million in total, is final. CFE says it raised its offer despite a 16% fall in the FTSE AIM All-Share index since January 13, the day before it made its first offer. CFE, a provider of trade finance and corporate advisory services, either owns or has acceptances for its offer for 36.5% of CIP shares. Long-stop date for offer is April 1. The board of CIP had rejected the 55p offer, saying it was "hostile" and undervalued the company. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News: Read More
IN BRIEF: CIP Merchant urges shareholders not to act on CFE cash offer Read More
IN BRIEF: CIP Merchant Capital invests GBP2.1 million into Time Out Read More
TRADING UPDATES: MP Evans declares special payout as production rises Read More
CIP Merchant Capital receives GBP30 million takeover bid from CFE Read More
IN BRIEF: CIP Merchant Capital invests in Aleva Neurotherapeutics Read More
IN BRIEF: CIP Merchant Capital invests GBP1.0 million into Time Out Read More
TRADING UPDATES: Porvair expects revenue hike; Xtract's new discovery Read More
TRADING UPDATES: Peel Hunt revenue tanks; Marlowe reaffirms guidance Read More
IN BRIEF: CIP participates in Medica IPO with EUR700,000 investment Read More
EARNINGS UPDATES: Gusbourne and Getech report interim revenue growth Read More