TRADING UPDATES: Sareum ups retail offer; SThree nabs former ITV exec
2nd Apr 2024 17:35
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on 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 on Tuesday and not separately reported by Alliance News: Read More
Esken Ltd - London-based provider of infrastructure, aviation and energy services - Clare Kennedy, Daniel Imison and Catherine Williamson of AlixPartners UK LLP appointed as joint administrators. Read More
(Alliance News) - Esken Ltd shares were suspended on Thursday as the company announced its intention to appoint administrators. Read More
Esken Ltd - London-based infrastructure, aviation and energy services provider - Agrees to recapitalisation proposal between its subsidiary, London Southend Airport Co Ltd, and Carlyle Global Infrastructure Fund and Cyrus Capital Partners, just a day after announcing an extension of the deadline for acceding. Esken also agrees to a restructuring plan for GBP53.1 million debt with Cyrus, its main bond holder. As a result of the two agreements, which will turn debt into equity, Esken's stake in London Southend Airport will fall to 17.5%, while Carlyle will have 82.5%, and Esken will be delisted from the London Stock Exchange as part of an orderly wind down of the company. Esken warns that any return to shareholders at the end of this process is likely to be "negligible". Read More
Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Says an extension has been agreed to the date by which it would need to accede to the recapitalisation proposal between its subsidiary, London Southend Airport Co Ltd, Carlyle Global Infrastructure Fund, and Cyrus Capital Partners. Carlyle alleges a technical breach by LSA with respect to the convertible loan agreement entered into between LSA and CGI. Esken back in January said it was confident that LSA had a robust position in relation to the CGI claim. Carlyle alleges a technical breach by LSA with respect to the convertible loan agreement entered into between LSA and CGI. Esken back in January said it was confident that LSA has a robust position in relation to the CGI claim. LSA in January had been notified that CGI is alleging a number of further breaches and issued an acceleration notice demanding repayment of the loan in the amount of GBP193.8 million. Read More
(Alliance News) - Esken Ltd on Monday said that its subsidiary London Southend Airport Co Ltd negotiated a recapitalisation proposal with Carlyle Global Infrastructure Fund which will be funded by CGI and Cyrus Capital Partners. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Completes disposal of Esken Renewables Ltd. Pioneer Balmoral UK is a vehicle fully owned and funded by the sustainable infrastructure fund Pioneer Infrastructure Partners SCSp, managed by Pioneer Point Partners LLP. In early November, Esken proposed the disposal of Esken Renewables to Pioneer Balmoral UK Ltd for net proceeds of around GBP78.5 million. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Reports all resolutions at the general meeting held today were passed. Expects completion of the disposal of Esken Renewables Ltd will occur on or about December 1. Further, intends to transfer listing category from the premium listing segment to the standard listing segment of the Official List and the Main Market of the London Stock Exchange on December 22. In early November, Esken proposed the disposal of Esken Renewables to Pioneer Balmoral UK Ltd for net proceeds of around GBP78.5 million. Read More
Aurrigo International PLC - Coventry, England-based autonomous and semi-autonomous vehicle technology provider - Proposes placing of at least 3.5 million new shares at 100 pence each, to raise a minimum of GBP3.5 million. The price is a 32% discount to Tuesday's closing price. Also intends to raise further proceeds through separate retail offer to existing shareholders at the same price, so retail investors can participate in Aurrigo's fundraising plans. Company is permitted to issue a maximum of 4.2 million shares in total. Read More
(Alliance News) - Esken Ltd on Tuesday proposed the disposal of its wholly-owned subsidiary Esken Renewables Ltd to Pioneer Balmoral UK Ltd for net proceeds of around GBP78.5 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Esken Ltd - Liverpool-based infrastructure, aviation and energy services - Carlyle Global Infrastructure Fund files claim in UK High Court against Esken's wholly owned subsidiary London Southend Airport Co Ltd, in a dispute over a seven-year convertible loan instrument that was drawn down in August 2021. Carlyle claims technical breaches by LSA, but Esken doesn't agree with Carlye's interpretation of the loan agreement and will support LSA in defending the court action "vigorously". Read More
Esken Ltd - Widnes, England-based infrastructure, aviation and energy company - Chief Financial Officer Lewis Girwood resigns, effective immediately. Chief Operating Officer & Director of Renewables Nick Dilworth to replace Girdwood as CFO, after company said it "did not feel that it was appropriate to look to the external market to replace Girdwood". Dilworth has served on the board since 2018. Executive Chair David Shearer says: "On behalf of the board I would like to thank Lewis for all of his efforts over the last four years as CFO. This period has been a very difficult one for the group and he has played a key role in ensuring that we navigated the many challenges that we have faced." Read More
(Alliance News) - Esken Ltd on Wednesday reported a narrowed annual loss as revenue climbed. Read More
(Alliance News) - Esken Ltd on Tuesday said it has agreed to sell its investment in Mersey Bioenergy Holdings Ltd for GBP9 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More