UK: Angus Energy announces Saltfleetby & debt funding update
25 Jan 2021
Saltfleetby Energy and
Aleph Energy have appointed lawyers, following the completion of technical due diligence.
Legal and corporate due diligence is being conducted in parallel with the drafting of the loan facility and security agreements, with the objective of concluding the documentation in the coming two to three weeks, with drawdown shortly thereafter following the satisfaction of the conditions precedent, standard for a facility of this nature.
At Salfleetby, to date almost all elements of the procurement and engineering schedule have been advanced even prior the availability of the full facility. In particular, deposits have been made on the Compressors, two Generators and the Flare Stack, whilst integration engineering is in progress on the Analysis Equipment and the Metering Skid, and most conceptual and some detailed design work is completed. Additionally, final quotations, including deliver
TRADING UPDATES: Intuitive Plots GBP250,000 Investment In Microsaic
Mon, 25th Jan 2021 19:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Intuitive Investments Group PLC - closed-end investment company focused on life sciences sector - Announces investment of GBP250,000 for 250.0 million shares in AIM-listed technology firm Microsaic Systems PLC.
Home REIT PLC - investor focused on properties across the UK that are dedicated to providing accommodation to the homeless - Has acquired further 11 separate portfolios of properties for a total of GBP69.5 million. The company has now deployed over GBP184 million of total capital since its IPO, representing 78% of the net proceeds raised at IPO, Home REIT. The company is in advanced negotiations on a significant pipeline of attractive assets to allow for the efficient deployment of its remaining IPO proceeds. Says new properties ad
It sent shares in British Airways-owner IAG tumbling 7.7 per cent, or 11.6p, to 140p – wiping nearly £580million off the company s value.
Budget airline Easyjet plunged 6.7 per cent, or 52p, to 728.6p, with rival Ryanair falling 4.1 per cent, or €0.61, to €14.26. Wizz Air fell 4.4p, or 186p, to 4092p.
Engine-maker Rolls-Royce, which relies on the airline industry for business, also fell 4.8 per cent, or 4.95p, to 98p.
Stock Watch - Angus Energy
Shares in Angus Energy rose as the firm moved a step closer to resuming production at a dormant site.
It wants to restart operations at the Saltfleetby onshore gas field, off the coast of Lincolnshire, which closed under prior owners in 2017.
Second Price Monitoring Extension
A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes.
Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution.
The applicable percentage is set by reference to a security s Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices
The auction call period has been extended in this security by 5 minutes.
Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security s auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.
The applicable percentage is set by reference to a security s Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices