SMALL-CAP WINNERS & LOSERS: RDI REIT Shares Jump On Takeover Deal
Fri, 26th Feb 2021 10:43
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
SMALL-CAP - WINNERS
RDI REIT PLC, up 33% at 121.40 pence, 12-month range 41.55p-127p. RDI REIT, a London and Johannesburg-listed real estate investment trust, reaches agreement with SOF-12 Cambridge BidCo, a newly formed company owned by London-listed Starwood European Real Estate Finance, regarding a cash offer for the entire issued share capital of RDI REIT worth around GBP467.9 million. RDI REIT s shares will be going for 121.35 pence each, representing a 33% premium to the closing price of 91.2p on Thursday in London. This values RDI s entire issued share capital at around GBP467.9 million. Starwood bought a 30% stake in RDI REIT in July last year. The shares already owned by Starwood will not be bought by its acquisition vehicle. Starwood European Real Estate Financ
UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets
Thu, 17th Dec 2020 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Reach PLC - newspaper, magazine and digital publisher - Notes over 5 million customers have now registered with Reach across its online newsbrands, newsletters, hyperlocal site InYourArea, and other websites. Fourth quarter digital revenue performance is on track to be the highest on record, and expected to exceed 20% year on year growth. Chief Executive Jim Mullen says: With customer registrations significantly ahead of our initial target at 5 million, and our digital revenues continuing to go from strength to strength, we are now focused on the next phase of our strategy, which will utilise enhanced data and insights with the Reach ID being key to that.