Videndum Plc Share News (VID)

EXECUTIVE CHANGES: New chairs for CVS Group, LSL Property and Videndum

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

SMALL-CAP WINNERS & LOSERS: Wickes sales fall in "uncertain" backdrop

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

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

LONDON MARKET CLOSE: FTSE 100 gains pared after hitting record high

(Alliance News) - European equities ended higher on Tuesday, with the FTSE 100 hitting its best level, before succumbing to some selling pressure in afternoon dealings.

EARNINGS: Videndum warns on recovery; AB Dynamics expects profit beat

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

Videndum revenue, earnings fall in challenging year for entertainment

(Sharecast News) - Content creation hardware and software company Videndum reported a challenging 2023 on Tuesday, impacted by writer and actor strikes in the US and a difficult macroeconomic environment, and destocking.

IN BRIEF: Videndum says more time needed before releasing results

Videndum PLC - London-based software and hardware manufacturer for the film industry - Says that it will need more time to finalise its 2023 financial results. The results were due to be published next Tuesday. Videndum says that the delay is due to "the treatment of certain adjusting items" in the results, which will require additional time to account for. The company has not given a revised publication date, but says that this will be given in due course.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Comptoir opens restaurant; Intercede wins contract

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

Berenberg lowers target price on Videndum following equity raise

(Sharecast News) - Analysts at Berenberg slashed their target price on TV software and hardware maker Videndum from 1,055.0p to 500.0p on Wednesday following its completion of a fully underwritten £125.0m gross equity raise a day earlier to reflect the group's latest trading and the impact of the equity injection.

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

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

Videndum completes bookbuild of open offer shares under capital raise

(Alliance News) - Videndum PLC on Tuesday said it has completed the bookbuild of open offer shares as part of its capital raising of around GBP125 million.

SMALL-CAP WINNERS & LOSERS: Videndum raises funds; Capita cuts jobs

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

IN BRIEF: Videndum proposes GBP125 million underwritten capital raise

Videndum PLC - London-based manufacturer of hardware and software for the content creation market, including broadcasters and film studios - Proposes GBP125 million underwritten capital raise via firm placing, placing and open offer of 46.9 million shares for 267 pence per share. Intends to raise GBP75 million via firm placing, and GBP50 million via the placing and open offer. Says will use GBP44.2 million in net proceeds to fund the repayment and cancellation of its outstanding term loans, which relate to its acquisitions of Savage and Audix. Further, GBP72.5 million will be used to repay drawings under its GBP200 million revolving credit facility. Videndum says 28.1 million shares will be issued via firm placing to raise GBP75 million gross, and 18.7 million shares will be issued through the placing and open offer to raise GBP50 million gross. The raise is subject to shareholder approval. Videndum says that it received irrevocable undertaking from Alantra that confirms its intention to vote in favour of the resolution for the capital raise with over 21% of existing shares. Further, Aberforth Partners confirms is intention to vote in favour, with 9.5% of existing shares.

Videndum hires Bodycote CEO as chair, shares up as strike ends

(Alliance News) - Videndum PLC on Thursday announced the hiring of Stephen Harris as its chairman designate, while markets celebrated news that a deal has been struck to end the Hollywood actors' strike.