Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAirtel Africa Share News (AAF)

Share Price Information for Airtel Africa (AAF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 118.80
Bid: 118.80
Ask: 119.00
Change: 1.10 (0.93%)
Spread: 0.20 (0.168%)
Open: 117.60
High: 120.50
Low: 117.60
Prev. Close: 117.70
AAF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Airtel Investor To Sell 60 Million Shares

Mon, 14th Dec 2020 19:35

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

----------

Airtel Africa PLC - Anglo-Indian provider of telecommunications and mobile money services - JPMorgan Securities notes it has been contacted by an institutional investor to sell about 60 million shares in Airtel. The secondary placing could represent up to 1.6% of Airtel's issued share capital. The price has yet to be determined JPMorgan notes. Airtel closed at 92.20 pence on Monday.

----------

Tritax EuroBox PLC - investor in Continental European logistics real estate assets - Signs new green lease at property in Breda, a "prime" logistics location in the West Brabant region of the Netherlands. The company has let the two vacant units with a combined gross internal area of 25,607 square metres to Samsung SDS Global SCL Netherlands Cooperatief UA, part of Samsung SDS, the IT arm of the Samsung Electronics Co. The lease has been agreed for a three-year term from December 15 2020 at an initial annual headline rent 6% above the level of the rental guarantee secured at acquisition. The new rent will be subject to annual CPI uplifts reflecting 100% of the Dutch consumer price index.

----------

Knights Group Holdings PLC - legal and professional services firm - Confirms acquisition of Exeter-based independent commercial law firm OTB Eveling LLP has now completed for a total of GBP2.1 million, in line with the timeframe announced in November. As a result, a total of 164,336 new ordinary shares of 0.2 pence each have been issued to the vendors of OTB Eveling to satisfy the share-based consideration on the acquisition.

----------

Gulf Investment Fund PLC - investment firm focused on opportunities and positive fundamental factors in the Gulf Cooperation Council - Tenders 40.6 million shares, or 44% of issued share capital. Looks to introduce new dividend policy at next AGM, which will target annual dividend equivalent to 4% of NAV at the end of the preceding year.

----------

Home REIT PLC - investor focused on properties across the UK that are dedicated to providing accommodation to the homeless - Buys further twelve separate portfolios of properties located across England for an aggregate purchase price of GBP64.3 million. "The rents received under these leases are subject to annual upward-only rent reviews, index-linked to the consumer prices index, subject to an annual collar and cap of 1% and 4%, respectively," Home REIT says. Company has also finalised a GBP120 million interest-only debt facility with Scottish Widows.

----------

Ecofin US Renewables Infrastructure Trust PLC - investment firm focused on portfolio of mixed renewable energy and sustainable infrastructure assets predominantly located in the US - Confirms timetable for initial public offer to go ahead, with results expected on Friday. Initial admission expected December 22. Has reduced minimum gross initial proceeds for the IPO to USD125 million.

----------

River & Mercantile Group PLC - investment firm specialising in fiduciary management, investment consulting, derivatives management - Says significant minority of shareholders vote against director remuneration policy and transformation plan at annual general meeting. Over 37% of shareholders voted against the remuneration policy and over 36% voted against the transformation plan. Says engaged shareholders on remuneration policy before AGM. "During the consultation process, there were a broad range of views expressed on the directors' remuneration policy and the value transformation plan. As is clear from the votes in favour, many of our shareholders are supportive of the directors' remuneration policy and value transformation plan. Of those shareholders who we consulted with, who did not favour the value transformation plan, there was no single common concern, but rather a range of remuneration preferences or preferred performance measures," company adds.

----------

Applied Graphene Materials PLC - producer of specialty graphene additives - Signs distribution agreement with Manho Polymers Co Ltd. "The agreement further extends AGM's commercial focus directly into the coatings and polymers sectors across South Korea," company adds. AGM and Manho Polymers have an exclusive agreement that will see the two companies collaborate on customer opportunities and introduce AGM's proprietary Genable graphene dispersions technology into the South Korean coatings and broader liquid resins markets.

----------

Berkeley Energia Ltd - clean energy company focused on bringing its wholly owned Salamanca project into production - Gets formal notification from the Ministry for Ecological Transition & the Demographic Challenge in Spain that it has been granted the renewal of the initial authorisation for the uranium concentrate plant as a radioactive facility at the Salamanca project until there is a resolution on the authorisation for construction for the uranium concentrate plant as a radioactive facility. "The company is continuing to engage with the relevant authorities in a collaborative manner in progressing the approval process for the Salamanca mine and will keep the market fully informed of any developments," company adds.

----------

Ecofin Global Utilities & Infrastructure Trust PLC - investment firm focused on a high, secure dividend yield from equities of utility and infrastructure companies - Says net asset value per share ended September 30 at 164.60 pence compared to 175.79p at same point year before. Net assets slips to GBP156.4 million from GBP161.5 million over 12-month period. Total dividend improves to 6.55p from 6.40p. NAV total return falls 2.6% but notes S&P Global Infrastructure Index falls 18.6%. Chair David Simpson says: "As reported at the interim stage, the financial year went well for the company's portfolio until the arrival of the coronavirus pandemic marked share prices down sharply. Your company had a low level of gearing going into the market drop and our investment manager was able to take advantage of significant share price dislocations by taking on additional borrowings. The second half of the financial year marked a strong recovery in the NAV and the share price."

----------

Remote Monitored Systems PLC - data collection and surveying firm based in London - Gets update confirming the Lemu production line passed Factory Acceptance Testing last Friday. A detailed written report is awaited, RMS says. "The company will provide updates, including in relation to any change to the machine delivery date, if any material change arises," company adds.

----------

Escape Hunt PLC - adventure game escape room operator - Notes formal opening of its newest site in Watford is now scheduled for December 27. The fit out is progressing well and is expected to be completed on time and on budget, Escape Hunt says. "The site at Watford represents a milestone as the games rooms have been constructed using our next generation designs which are fully modular. This modular design will enable the rooms to be moved and re-installed within the company's estate at a later stage much more effectively and cost efficiently and also provides another delivery option to the franchise network," company adds.

----------

Physiomics PLC - oncology drug development consultancy - Says National Institute for Health Research Invention for Innovation programme funded observational clinical study, this week received both ethics committee and Health Research Authority approval and it is now expected that the study will commence early in 2021. The study is being funded by the UK Department of Health & Social Care, which will provide 100% reimbursement of project costs of up to GBP150,000.

----------

GSTechnologies Ltd - data infrastructure, storage, and technology services firm - Wholly-owned Singapore-based subsidiary, EMS Wiring Systems Pte Ltd, has secured a contract for the installation of an integrated security system in a Singapore data centre valued at about USD1 million. The contract is expected to be completed by the first quarter of 2021.

----------

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
Today 09:52

LONDON BROKER RATINGS: UBS raises Trainline, cuts Kingspan

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
Today 07:56

LONDON BRIEFING: FTSE 100 called up on BoE hold and UK economic growth

(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
9 May 2024 10:02

Airtel Africa swings to loss as revenue falls on currency devaluation

(Alliance News) - Airtel Africa PLC on Thursday reported a decline in revenue, on a foreign exchange hit, though the Africa-focused telecommunications firm said it has recently "reduced the risks" from currency devaluation.

Read more
9 May 2024 07:19

FX movements wipe $1bn off Airtel's top line

(Sharecast News) - Africa-focused telecoms group Airtel was hit hard by a drop in the Nigerian naira in the year to 31 March, with a $549m negative FX headwind pushing it into the red on a pre-tax basis and taking more than $1bn off the top line.

Read more
3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
3 Apr 2024 16:49

IN BRIEF: Airtel Africa Director Mittal buys shares for GBP1.2 million

Airtel Africa PLC - Africa-focused telecommunications firm - Director Shravin Bharti Mittal buys shares via Indian Continent Investment Ltd. Buys 1.1 million shares at around GBP1.06 each on Thursday for a total of GBP1.2 million.

Read more
3 Apr 2024 16:46

Director dealings: Airtel Africa non-exec keeps buying shares

(Sharecast News) - Indian Continent Investment, a firm linked to Airtel Africa non-executive director Shravin Bharti Mittal, added to its stake in the telecommunications group ahead of the Easter break.

Read more
27 Mar 2024 15:09

DIRECTOR DEALINGS: Prudential Chair Shriti Vadera buys 50,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

Read more
26 Mar 2024 13:50

DIRECTOR DEALINGS: Coca-Cola HBC CEO sells GBP375,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:

Read more
20 Feb 2024 09:40

LONDON BROKER RATINGS: JPMorgan cuts Airtel Africa price target by 28%

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
20 Feb 2024 08:52

LONDON MARKET OPEN: Stocks slide; banks rise as Barclays outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, as European markets failed to find upward momentum amid muted trading in Asia, and Monday's public holiday in the US.

Read more
20 Feb 2024 07:47

LONDON BRIEFING: Barclays announces GBP1b buyback as 2023 profit falls

(Alliance News) - Stocks in London are called lower on Tuesday, following a US holiday, and a mixed performance in Asian markets.

Read more
6 Feb 2024 09:53

CORRECT: Barclays cuts Entain; HSBC raises Sainsbury

(Corrects that Goldman Sachs cut Ashtead Group PLC's price target, not Ashtead Technology Holdings PLC.)

Read more
6 Feb 2024 09:04

LONDON BROKER RATINGS: Barclays cuts Entain; HSBC raises Sainsbury

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.