Alliance Pharma agrees GBP350 million takeover by largest shareholder
10th Jan 2025 09:24
(Alliance News) - Alliance Pharma PLC on Friday said it agreed to a takeover by its largest shareholder, DBAY Advisors Ltd. Read More
(Alliance News) - Alliance Pharma PLC on Friday said it agreed to a takeover by its largest shareholder, DBAY Advisors Ltd. Read More
Logistics Development Group PLC - London-based investment company - Receives requisition notice from 6.86% shareholder Huntress (CI) Nominees Ltd to convene a general meeting. Notice proposes that it "cease making new investments and prioritise the timely return of capital to shareholders" through available cash and liquid investments, "seek to protect value and deliver an orderly realisation of illiquid investments" and review operating costs to increase free cash flow for shareholder distribution. Further, requests no changes be made to the investment management agreement without shareholder approval. Lastly, proposes James Ede-Golightly be appointed as a company director. He is current non-executive director of drug-developer Silence Therapeutics PLC and Chair of patient monitoring platform Oxehealth Ltd, chemical surface treatment developer Oxeco Ltd and consultancy firm ORA Global Ltd, among other appointments. Read More
Logistics Development Group PLC - London-based logistics assets-focused investment firm - Swings to a pretax profit of GBP1.6 million in the six months ended May 31, from a loss of GBP543,000 a year ago. Pertinently, announces a gain of GBP1.4 million on investments measured at fair value, compared to an investment loss of of GBP332,000. Administrative expenses decrease 13% to GBP422,000 from GBP485,000. Looking ahead, Logistics Development says its investment manager DBAY Advisors Ltd is reviewing several investment opportunities and remains committed to generating attractive investment returns for all of the company's shareholders. Read More
(Alliance News) - Brave Bison Group PLC's bid for fellow AIM listing Mission Group PLC is "highly unattractive", the investment manager of a major Mission shareholder said on Wednesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Logistics Development Group PLC - London-based investment company - Says subsidiary Fixtaia Ltd completes investment of GBP10 million into technology solutions and talent acquisition provider, Nash Squared. Says this is part of a refinancing by Nash Squared. Read More
Logistics Development Group PLC - investment firm - Notes that the scheme by which the bid for Finsbury Food Group PLC by DBAY Advisors Ltd will be facilitated has been approved by Finsbury shareholders. The court hearing to sanction the scheme is expected to take place on November 14 and the scheme is expected to become effective on November 16. Read More
Logistics Development Group PLC - investment firm - Says it has bought an additional 4.4 million shares in Finsbury Food Group PLC at GBP1.098 per share, for a total of GBP4.8 million. Says it is now interested in 12.4% of the Cardiff-based baked goods manufacturer. Notes that it is acting in concert with DBAY Advisors Ltd, due to DBAY's recommended cash offer for Finsbury by DBAY. Says this is because LDG's shares in Finsbury are deemed to be part of the Finsbury shares held by funds managed by DBAY, due to LDG's discretionary investment management agreement with DBAY. Read More
Logistics Development Group PLC - investment firm - Notes the recommended cash offer of 110 pence per share for Finsbury Food Group PLC from DBAY Advisors Ltd, via a vehicle set up for the purpose of the bid, Frisbee Bidco Ltd. Explains LDG holds around 9.0% of Finsbury's share capital. Given LDG's discretionary investment management agreement with DBAY, LDG's Finsbury shares are deemed to be part of the Finsbury shares held by funds managed by DBAY, and consequently LDG is deemed to be acting in concert with DBAY for the purposes of the offer. Under the terms of the offer, if completed, LDG would receive 11.8 million shares in Frisbee Bidco Ltd. There is also a cash alternative for those investors who want to retain an economic interest in Finsbury Food. This will be in the form of non-voting B shares in acquisition vehicle Frisbee Bidco Ltd. 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) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Alliance Pharma PLC on Tuesday said annual profit dropped despite revenue ticking up, as its impairment of goodwill and intangible assets increased significantly. Read More
(Alliance News) - Logistics Development Group PLC on Tuesday said it bought further shares in Alliance Pharma PLC, spending GBP6.8 million. 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