NOTES: The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ( FRI ) leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development. There is increasing political pressure and social need to increase housing supply across the UK which is creating opportunities for private sector investors to help deliver this housing. The Group s ability to provide forward funding for new developments
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Energean completes acquisition of Edison E&P 12/17/2020
LONDON - Energean has completed its acquisition of Edison Exploration & Production S.p.A. from Edison S.p.A. The gross consideration for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired), as of 17 December 2020, is $203 million.
In connection with the completion of the acquisition of Edison E&P, an application has been made to the Financial Conduct Authority and to the London Stock Exchange for 177,089,406 ordinary shares of 1 pence each in the Company to be re-admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange. Re-admission is expected to occur on 18 December 2020.
Energean closes Edison deal, inks new gas supply agreements for Karish December 17, 2020, by Nermina Kulovic
Oil and gas company Energean has completed its acquisition of Edison Exploration & Production from Edison S.p.A. Energean has also entered into new gas sales agreements to supply an additional 0.4 Bcm/yr of gas in Israel.
Edison E&P assets map
Edison E&P’s portfolio of assets included producing assets in Egypt, Italy, Algeria, the UK North Sea and Croatia, development assets in Egypt, Italy and Norway and balanced-risk exploration opportunities across the portfolio.
However, the deal has not turned out as planned. First, Energean and Edison in April 2020 agreed to exclude Edison E&P’s Algeria assets from the previously agreed acquisition.
Notes: This announcement contains inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014 LEI Number: 213800KW6MZUK12CQ815 1 About Oakley Capital Investments Limited ( OCI ) OCI is a Specialist Fund Segment ( SFS ) traded investment vehicle that aims to provide shareholders with consistent long-term capital growth in excess of the FTSE All-Share Index by providing liquid access to private equity returns through investment in the Oakley Funds 2 . Oakley Capital, the Investment Adviser Founded in 2002, Oakley Capital Limited has demonstrated the repeated ability to source attractive growth assets at attractive prices. To do this it relies on its sector and regional expertise, its ability to tackle transaction complexity and its deal generating entrepreneur network.