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Pin to quick picksRegional Reit Share News (RGL)

Share Price Information for Regional Reit (RGL)

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Share Price: 22.55
Bid: 22.75
Ask: 22.90
Change: -0.60 (-2.59%)
Spread: 0.15 (0.659%)
Open: 23.10
High: 23.10
Low: 22.55
Prev. Close: 23.15
RGL Live PriceLast checked at -
Regional REIT is an Investment Trust

To deliver an attractive total return to shareholders with a strong focus on income, from investing in UK commercial property, predominantly in the office and industrial sectors in major regional centres and urban areas outside of the M25 motorway.

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UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

Mon, 08th Jun 2020 14:41

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

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BlueRock Diamonds PLC - diamond producer in South Africa - Reports private sale of 2,400 carats at average of USD290 each, USD700,000 in total. Says sales reduces risk of operating in Covid-19 environment.

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Nostra Terra Oil & Gas Co PLC - Texas-focused oil and gas explorer - Achieves further cost cuts after review. Says monthly overheads cut by over 60% from 2019 average. Lifting coats at Pine Mill cut to USD16 per barrel of oil from USD23.

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Egdon Resources PLC - UK-focused oil and gas explorer - Says UK Oil & Gas Authority has extended Egdon's rights over P1929 and P2304 UK offshore licences until May 31, 2024. Egdon to progress with assigning licence interests to oil major Royal Dutch Shell PLC. Egdon to retain 30% interest in licences and Shell to pay 85% of costs.

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Echo Energy PLC - Argentina-focused oil and gas producer - Says first quarter net average production rate at Santa Cruz Sur was 2,394 barrels of oil equivalent per day versus 2,505 boepd between November 1 and December 31. Echo Energy identifies 16 " low cost workover and intervention operations" at asset.

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Union Jack Oil PLC - UK onshore hydrocarbon production - Acquires further 13% interest in PEDL180 and PEDL182 licences, which contain Wressle hydrocarbon development project, for GBP500,000. Union Jack now has 40% interest in Wressle development.

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Red Emperor Resources NL - Australia-based explorer - Decides against exercising option to acquire 70% stake in WA-481-P offshore Perth Basin exploration permit.

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Hummingbird Resources PLC - London-based gold miner - Agrees terms to acquire Kouroussa gold project in Guinea from Cassidy Gold Corp. Hummingbird says initial GBP10 million consideration to be funded by issue of 35.2 million shares at 28.4 pence each.

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Greatland Gold PLC - London-based gold explorer - Says partner at Havieron project, Western Australia, strikes indigenous land use agreement with Western Desert Lands Aboriginal Corp. Greatland says agreement will strengthen mining lease application at asset.

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TP Group PLC - Reading-based engineering services provider - Reports first oxygen output at gas production plant in Portsmouth. TP says trial met all objectives in first phase.

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Surface Transforms PLC - Liverpool-based brake discs maker - Secures GBP5 million contract for ceramic brake discs supply for Koenigsegg Gemera vehicle produced by Sweden's Koenigsegg Automotive AB. Surface Transforms says production begins in mid-2022, ending five years later.

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Costain Group PLC - Berkshire-based infrastructure solutions provider - Appointed onto Anglian Water's GBP350 million strategic pipeline alliance. For duration of eight-year contract, Costain to provide programme management and digital technology services.

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DX Group PLC- Slough-based logistics provider - Plans to launch expanded operating centre in Ipswich, East Anglia. DX says move to larger premises to improve services in range of sectors including medical and online retail.

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Crossword Cybersecurity PLC - London-based cyber security provider - Signs three-year contract with Agria Pet Insurance Ltd for cyber security services. Agria will receive regular testing of its cyber security technology and risks. Crossword did not quantify value of contract.

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Frontier Developments PLC - video games maker in Cambridge - Expects to report revenue of GBP76 million for year ended May 31, down 15% from GBP89.7 million. Operating profit fell 18% to about GBP16.0 million.

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AorTech International PLC - Glasgow-based medical devices maker - Says RUA Medical Devices Ltd subsidiary received new orders for delivery in August 2020 from largest customer. Largest customer had initially suspended forecasts and orders due to US government halting elective surgeries due to Covid-19.

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Midatech Pharma PLC - Cardiff-based biotechnology firm - Launches partnership with India-based Dr Reddy's Laboratories. Research pact will see Midatech use its drug delivery platform with aim to improving Dr Reddy's medication.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Completes acquisition of seven properties for about GBP7.6 million. Says 100% of rent due for April received.

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Regional REIT Ltd - UK-focused property investor - Completes sale of Building 2 and 3 The Oaks in Westwood Business Park, Coventry for GBP6.3 million. Sale price reflects net initial yield of 6.5% and 8.6% above latest valuation, Regional said. Proceeds will be used to fund a "new opportunity".

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Frenkel Topping Group PLC - Manchester-based asset manager - Establishes joint-venture with Manchester-based Express Solicitors to provide life after settlement advice to Express clients who have suffered from personal injury. Joint-venture will be 50-50 owned, Frenkel adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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26 Jul 2019 18:29

DIRECTOR DEALINGS: Regional REIT Reports Raft Of Share Purchases

(Alliance News) - Regional REIT Ltd said on Friday people closely associated with Chair Kevin McGrath have bought shares worth GBP39,541.Olivia and Cornelius McGrath bought 37,128 shares at

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19 Jul 2019 13:06

Regional REIT Raises GBP62.5 Million Via Share Issue For Investments

(Alliance News) - Regional REIT Ltd on Friday said it has raised a total of GBP62.5 million through a placing, subscription and open offer.At the end of June, the real estate company to up

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24 Jun 2019 13:42

Regional REIT To Raise GBP50 Million To Pursue Deal Pipeline

(Alliance News) - Regional REIT Ltd on Monday said it will raise GBP50 million in gross proceeds via issue of new shares to pursue a substantial pipeline of potential deals.The real estate

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24 Jun 2019 10:44

Regional REIT raising ?50m to take advantage of 'substantial pipeline'

(Sharecast News) - Regional real estate investment firm Regional REIT announced the proposed issue of further ordinary shares on Monday, to raise gross proceeds of around £50m.

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20 Jun 2019 12:10

Regional REIT Extends Debt Maturities With 2 New Loans Facilities

(Alliance News) - Regional REIT PLC said Thursday it has completed two refinancings amounting to GBP121 million in total.The real estate investment trust has signed a new GBP66 million with

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19 Jun 2019 14:55

Regional REIT Gets Rent Rise From Occupied Assets, Lets Vacant Spots

(Alliance News) - Regional REIT Ltd said Wednesday it has now fully let four vacant units and has secured an uplift in the rent on its occupied assets.The UK office and industrial property

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7 Jun 2019 09:53

Regional REIT Agrees Sale Of Beverly Business Park For GBP11.1 Million

LONDON (Alliance News) - Regional REIT Ltd on Friday said it agreed to sell a business park in Beverly, North England, for GBP11.1 million.The real estate investment trust said the sale for

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6 Jun 2019 10:23

Regional REIT Sells Sheffield Office Building At 25% Above Book Value

LONDON (Alliance News) - Regional REIT Ltd on Thursday said it sold an office building in Sheffield to Sheffield Hallam University for GBP8.8 million.The price was 25% higher than the at of

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23 May 2019 12:17

Regional REIT On Track To Resume Fully Covered 2019 Dividend

LONDON (Alliance News) - Regional REIT Ltd on Thursday said it expects to return to a fully covered dividend in 2019 and declared an increased first quarter dividend.The real estate trust a

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17 May 2019 10:36

Regional REIT mulling fundraise to take advantage of 'growing pipeline'

(Sharecast News) - Regional office and industrial property investment company Regional REIT announced on Friday that it was considering an equity fundraise to take advantage of its growing near-term pipeline of opportunities in the investment market.

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16 May 2019 17:56

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 17 May easyJetHalf Year Results FutureHalf Year HoldingsHalf Year 20

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21 Mar 2019 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 22 March Sanne GroupFull Year ResultsSmiths GroupHalf Year BootFull Year

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20 Feb 2019 14:29

Regional REIT Momentum Continues With Six New Lettings Across UK

LONDON (Alliance News) - Regional REIT Ltd said Wednesday it signed six new lettings across the UK, including in Birmingham and Glasgow.The real estate investment trust secured a letting at

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18 Feb 2019 12:34

Regional REIT Like-For-Like Portfolio Value Increases In 2018

LONDON (Alliance News) - Regional REIT Ltd on Monday said its portfolio value increased on a like-for-like basis in 2018, thanks to the strong letting performance.The real estate investment

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4 Feb 2019 11:44

Regional REIT Buys Property In Birmingham Centre For GBP20 Million

LONDON (Alliance News) - Regional REIT Ltd on Monday said it acquired a property in Birmingham for GBP20 million.The 119,687 square feet freehold property is in a highly commercial location

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