(Alliance News) - Investec PLC and Ltd on Thursday said it expects its diversified revenue streams to cushion it from an "uncertain and evolving environment". Read More
Craneware PLC - Edinburgh-based software solutions provider - Commences the up to USD25 million buyback programme announced alongside its interim results earlier this month. Says it intends to hold any repurchased shares in treasury, "to cover existing share options and long-term incentive plan awards" for employees. Has engaged Peel Hunt LLP, Investec and Berenberg to conduct buybacks on its behalf. Adds that the programme will expire on the earlier of December 31, the conclusion of its next annual general meeting, or once the USD25 million total consideration limit has been reached. Read More
Restore PLC - London-based business-to-business provider of data and communications services - Commences the up to GBP20 million buyback programme announced alongside its annual results on Thursday. Says any shares repurchased will be cancelled. Restore has engaged Investec Bank PLC to execute the first GBP10 million tranche, commencing with immediate effect, and Canaccord Genuity Ltd for the remaining GBP10 million. It expects the second tranche to end no later than March 31, 2027. Read More
Forterra PLC - Northampton, England-based clay and concrete product manufacturer - Launches buyback programme worth up to GBP20 million, initially announced as part of its full-year results on Wednesday last week. Says broker Investec Bank PLC has been instructed to execute the first GBP10 million tranche of the scheme. Notes a second tranche will begin after the first, with it expected to end no later than December 31 this year. Read More
(Alliance News) - Loveholidays, an online travel agent that was expected to be the first major listing on the London Stock Exchange in 2026, is considering a delay to its initial public offering because of the travel chaos caused by the war in the Middle East, the Financial Times reported on Tuesday. Read More
Investec PLC and Ltd - Sandton-based financial services company - Announces the results of its tender offer for holders of its 2.63% callable fixed rate resettable subordinated notes due 2031, which are worth GBP350.0 million in total. The tender offer expired on Thursday afternoon. Investec says notes worth a total principal amount of GBP305.5 million have been validly tendered, and that its final acceptance amount is GBP294.2 million. Notes outstanding after the settlement date, expected to be Monday, are expected to total GBP55.8 million. Read More
(Alliance News) - Private equity firm Livingbridge, which owns Loveholidays, is preparing with a syndicate of banks for an initial public offering for the brand in Spring, Sky News reported on Tuesday. Read More
Investec PLC and Ltd - Sandton-based financial services company - Announces that the maximum acceptance amounts to GBP300.0 million after a cash tender offer of callable fixed rate resettable subordinated notes. The lender on Thursday launched an offer to buy back up to GBP350.0 million of its outstanding 2.6% callable, fixed-rate resettable subordinated notes due 2032. Investec offered a purchase price of around 99% of principal, plus accrued interest, with any notes acquired to be cancelled. The group said on Thursday that the offer formed part of the proactive management and optimisation of its debt profile. Read More
Investec PLC and Ltd - Sandton-based financial services company - Launches a cash tender offer to buy back up to the full GBP350.0 million outstanding of its 2.6% callable fixed rate resettable subordinated notes due 2032. Investec offers a purchase price of around 99% of principal, plus accrued interest, with any notes acquired to be cancelled. The group says the offer forms part of the proactive management and optimisation of its debt profile and capital base and is subject to supervisory consent and the issue of new notes. 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
Investec PLC and Ltd - Sandton-based financial services company - Says Stuart Spencer, the chief operating officer, disposes of 33,553 shares in Investec PLC for an average 603.91 pence each, worth GBP202,630, on Friday last week. Read More
Investec PLC and Ltd - Sandton-based financial services company - Lyndon Subroyen, global head of Investec Digital, disposes of 59,555 Investec PLC shares at an average 587.70 pence each, worth GBP350,005, on Thursday. Read More
(Alliance News) - Rathbones Group PLC shares climbed on Thursday as funds under management and administration increased and it neared the end of the integration of Investec Wealth & Investment. Read More
Johnson Service Group PLC - Cheshire, England-based textile services - Completes GBP25.0 million share buyback launched with its interim results in September. The buyback, conducted by Investec Bank, saw the purchase for cancellation of 17.7 million shares, 4.5% of the company's total as of September. The shares were purchased at an average price of 141.05 pence. Johnson Service has bought back a total of GBP90.3 million shares since its first such programme in September 2022. Read More
Boku Inc - San Francisco, California-based mobile payment service provider - Launches on Friday a buyback of up to 4.0 million shares, about 1.4% of the total and worth GBP9.0 million at the current market price. The buyback will be run by Investec Bank PLC and completed by April 30. At that point, Boku says it may or not launch a further buyback within the board's authority to buyback up to 5% of its total shares. Boku says the board believe its current stock price undervalues the company, so its own shares are a good investment for its surplus cash. Shares bought will be held in treasury for use for warrant conversions and staff incentives. Read More
(Alliance News) - Chariot Ltd on Monday said it completed a financing and strategic equity partnership established primarily to fund its investment in two wind generation projects in South Africa, which also reached financial close on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Pacific Assets Trust PLC on Thursday said it has formally launched a strategic review following a shareholder consultation. Read More