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TRADING UPDATES: abrdn European NAV down; Tap appoints non-exec chair

24th May 2023 14:30

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News:

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abrdn European Logistics Income - Investment fund focusing on European logistics real estate - Says net asset value at March 31 was 111.2 cents per share, down 6.5% from 118.9 cents at December 31. NAV total return is negative 5.3% compared to negative 3.8% the previous quarter. Declares interim dividend of 1.41 cents per share, unchanged from the quarter ended December 31.

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Tap Global Group PLC - Regulated crypto app that helps bridge the gap between traditional finance and blockchain technology - On Tuesday appointed Payments Association Chair David Hunter as new non-executive chair, with effect on June 1.

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Gulf Keystone Petroleum Ltd - Iraq-focused oil field operator - On Tuesday said production from the Shaikan oil field remains shut-in after the Iraq-Turkey pipeline was closed in March. It means that the suspension of exports has resulted in a gross production deferment of around 2.0 million barrels to date, or 8,000 barrels of oil equivalent per day on a full-year basis. There is no official timeline to restart pipeline, but suspension of exports "temporary."

By Sabrina Penty, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


Related Shares:

Abrdn Euro LogTAP.LGulf Keystone Petroleum
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