EARNINGS AND TRADING: Gateley earnings fall; 4Global revenue rises
16th Jul 2024 19:25
(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
Infrastructure India PLC - Fund investing directly into assets in India - Independent Director Madras Ramachandran resigns from board. Says he feels he cannot perform the roles required of him as the company's only independent director. In June, the only other independent director was removed. Following his resignation, the board contains Chief Executive Sonny Lulla and Chair Tom Tribone, which does not meet the quoted companies alliance code for corporate governance guidance. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News: Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Notes loan recall notice received by Distribution Logistics Infrastructure India Ltd from the lenders to DLI's project debt. Notes that in late March, DLI was granted a period of grace for debt servicing by its Indian lenders until February and DLI management had been in discussion with its lenders regarding settlement of its dues. Says a loan recall notice in India is a precursor for the lenders to DLI to invoke the insolvency and bankruptcy code if DLI presents no satisfactory response to the notice within two weeks from the date of issue. Infrastructure India says it is in discussions with a third party and has received preliminary terms for the sale of DLI. Says these discussions are ongoing, although there can be no guarantee that these will lead to an agreement to sell DLI. Says it is liaising with DLI on this matter and will provide shareholders with further updates "as appropriate in due course". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News: 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
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Announces that the documentation to extend the maturity of its debt facilities has been finalised. Explains the debt facilities include the term loan provided by IIP Bridge Facility LLC, the working capital loan provided by GGIC Ltd and the bridging loan provided by Cedar Valley Financial. Notes the term loan is a USD119 million principal secured facility, the unsecured working capital loan is for USD17 million and the unsecured bridging loan was USD64.1 million in March 2019. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Infrastructure India PLC on Thursday said it will no longer be selling Distribution Logistics Infrastructure Private Ltd. Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Agrees extension to the maturity dates of all its debt facilities, being the term loan provided by IIP Bridge Facility LLC, the working capital loan provided by GGIC Ltd and the bridging loan provided by Cedar Valley Financial. All three have been extended to February 29. Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it expects to release 2023 results in the first quarter of 2024. Will be able to publish interim results immediately afterwards. Also expects to convene an annual general meeting in the first quarter. Says results delay is due to delays in the disposal of Distribution Logistics Infrastructure Private Ltd. Says this transaction allows it to remain invested in the Indian logistics sector and is expected to realise enhanced value for shareholders at the time of exit, most likely within 24 to 36 months from closing. Says both Distribution Logistics and buyer Pristine Malwa Logistics Park Private Ltd are "working diligently towards completion", with "certain complex issues" now "nearing resolution". Currently expects to complete sale by January 15. Adds that planned sale of Indian Energy Ltd to FA Power Renewables Private Ltd, closing of which was delayed due to "regulatory matters", is now close to finalisation. Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it has agreed to an extension of the maturity dates for all of its debt facilities, which are currently provided by GGIC Ltd, IIP Bridge Facility LLC and Cedar Valley Financial. Notes its term loan provided by IIP, worth USD119 million, will be extended to January 15. Says it unsecured working capital loan and unsecured bridging loan have also been extended to January 15. Read More
(Alliance News) - FTSE Russell on Friday reports that the following five companies will be removed from the FTSE AIM All-Share Index next week Wednesday in the absence of an active market and in accordance with the suspension rule, as they have been suspended for 40 business days without indication of resumption. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Trading on AIM temporarily suspended from October 2, pending publication of the company's annual audited accounts. Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it will not be in a position to publish the 2023 annual report by September 30, as required by AIM. Explains this relates to the sale, announced on September 6, of its interest in Distribution Logistics Infrastructure Private Ltd. Points out certain disclosures in the annual report in relation to the valuation of its interest in DLI are unable to be published due to Securities and Exchange Board of India restrictions. Therefore, trading in shares will be suspended from October 2. Expects to be in a position to complete the audit and to report its 2023 annual report prior to the end of 2023. Read More
Infrastructure India PLC - infrastructure fund investing directly into assets in India - Agrees conditional USD10 million sale of its 99.99% interest in Distribution Logistics Infrastructure Ltd and its subsidiaries to Pristine Malwa Logistics Park Private Ltd, a wholly-owned subsidiary of Pristine Logistics & Infraprojects Ltd. Consideration also includes up to 33% of Pristine Malwa's issued share capital. The Pristine Group provides end-to-end multi cargo logistics solutions, and services including port handling, road and rail transport, warehousing, shipping, stevedoring, customs handling, and integrated logistics in India and Nepal. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More