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TRADING UPDATES: IAG's bond terms; Signature investors back takeover

Thu, 18th Mar 2021 20:54

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

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International Consolidated Airlines Group SA - airline firm and owner of brands such as British Airways and Iberia - Outlines bond final terms, with first tranche of EUR500 million due March 2025 at a coupon of 2.75% and the second tranche of EUR700 million due March 2029 at a coupon of 3.75%. The proceeds will be used for general corporate purposes, including strengthening IAG's balance sheet and increasing liquidity, helping the group to weather a more prolonged downturn in air travel due to the virus pandemic and providing the operational and strategic flexibility to take advantage of a recovery in demand, it said.

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Signature Aviation PLC - aviation services company headquartered in London - Says shareholders vote in favour of Brown Bidco Ltd acquiring the company. Brown Bidco is a newly formed company indirectly owned by Blackstone Infrastructure, Blackstone Core Equity, Global Infrastructure Partners and Cascade Investment LLC.

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Brandshield Systems PLC - London-based cybersecurity solutions provider - Launches image recognition technologies for the detection of impersonation, phishing fraud and counterfeits on social media platforms. "Social phishing is a fast growing online threat. Cyber criminals are using the perceived credibility and safety of social media platforms to impersonate organizations, their executives or their affiliates and to scam users through different types of phishing, fraud and counterfeit activities," says Chief Executive Yoav Keren.

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Ilika PLC - solid-state battery technology firm based in Romsey, England - Receives ISO 14001:2015 certification following an assessment of its environmental management system. "We are pleased to have been accredited with this ISO standard, which, alongside the LSE green economy classification that we received just over a year ago, serves as excellent recognition of our eco-friendly credentials," says CEO Graeme Purdy.

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Blackbird PLC - developer and seller of cloud video editing platform - Teams up with live video streaming and remote production solutions provider LiveU to speed up the production process and engage viewers with enriched live and video on demand content. Says the pre-integrated solution enables production teams to send high-quality video from anywhere and remotely edit and publish their live and video on demand content to any destination.

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Fair Oaks Income Ltd - senior secured loans investor - Says master fund FOMC II LP completes reset of AIMCO 2017-A CLO backed by a portfolio of US broadly syndicated, secured loans. Says AIMCO 2017-A CLO now holds coupon of US Libor plus 1.6%.

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Supermarket Income REIT PLC - real estate investment trust dedicated to investing in supermarket property - Increases target size of issue to GBP150 million from GBP100 million given "an increase in attractive investment opportunities".

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Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry - Notes the recent rise in share price. Says it is not aware of any specific reason for this significant increase. Says it is continuing to focus on sourcing an appropriate target for Wildcat to acquire and continuing to explore the implementation of blockchain technology within the sector. Says that there are no assurances can be provided that the effort will be successful.

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Marlowe PLC - London-based safety & compliance services - Announces placing of 14.5 million shares at 690p each to raise GBP100 million "to capitalise on acquisition opportunities".

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All Active Asset Capital Ltd - London-based firm seeking investment opportunities in the technology, software and artificial intelligence space - Confirms it has been issued 6,000 AAQUA BV shares. Under the terms of the option, All Active Asset can subscribe for up to 125,000 new AAQUA shares, subject to conditions.

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FastForward Innovations Ltd - investor in life sciences and technology businesses particularly within the medical cannabis field - Announces that Yooma Wellness Inc, in which it holds a 9.0% interest, is launching its MYO Plant Nutrition brand to be sold at UK retailer Holland & Barrett.

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Riverstone Energy Ltd - Guernsey-domiciled energy investor - To invest GBP600,000 in special purpose acquisition vehicle Decarbonization Plus Acquisition Corporation III, which is sponsored by an affiliate of the company. "DCRC seeks to capitalise on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization," says the company.

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SIMEC Atlantis Energy Ltd - London-based clean energy generator and technology developer - Receives second tranche investment of GBP2.0 million from subscription agreement with New Technology Capital Group LLC. Announced in December that it entered into a share placement agreement with New Technology Capital Group LLC, a US-based investor, in relation to the issuance of new ordinary shares to raise up to GBP12.0 million.

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Plant Health Care PLC - agriculture products firm based in North Carolina - Successfully completes USD10 million fundraising via placing of 50.4 million share at 14p each.

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Tullow Oil PLC - South America and Africa-focused oil and gas company - Shareholders approve sale of subsidiary Tullow Equatorial Guinea.

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Idox PLC - Reading, England-based management software provider - Toronto-based provider of cloud-based software Dye & Durham Ltd withdrew its possible cash offer for Idox, which was previously announced by Idox in February.

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Cornerstone FS PLC - London-based SME-focused cloud-based provider of international payment, currency risk management and electronic account services - Plans GBP2.2 million London IPO at 61p per share on April 6.

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XLMedia PLC - London-based digital marketing services provider - Inks agreement to buy Sports Betting Dime for USD26 million. Raises GBP24 million via placing at an issue price of 40p per share. "It is extremely pleasing to see the level of support received from both new and existing investors as part of this heavily oversubscribed fundraising. The level of demand for the placing reflects confidence in XLMedia's strategy and growth potential in the US sports betting market," says CEO Stuart Simms.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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