TRADING UPDATES: SRT Marine upsizes retail offer after strong demand

Wed, 15th Apr 2026 21:42

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

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Ecofin US Renewables Infrastructure Trust - investment trust, which is currently in a managed wind-down, focuses on the middle market of US renewable energy - Says the aggregate proportion of the company's voting power held by the public is at 38% as of Wednesday, close to the minimum 35% threshold. This includes 10% held by another investment trust. If the company were to fall below the 35% threshold, it would risk loss of its investment trust status, including loss of the exemption from UK corporate tax on chargeable gains and other tax consequences. If a top five shareholder, which itself is not an investment trust, purchases further shares in the company there is a risk it falls below the 35% threshold.

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1Spatial PLC - Cambridge, England-based master location data management firm - Relating to agreed takeover by VertiGIS Ltd, says that the French FDI condition has now been satisfied. All conditions relating to the receipt of antitrust and regulatory approvals have now been satisfied. The acquisition remain subject to other conditions including sanction by the court at the sanction hearing which is to take place on Thursday.

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Costain Group PLC - Maidenhead, England-based construction and engineering company - Chief Financial Officer Helen Willis sells 253,793 shares at 196.82 pence each. Worth just under GBP500,000.

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UIL Ltd - closed ended investment company focused on investments worldwide where the underlying value is not fully recognised - Agrees with General Provincial Life Pension Fund Ltd to extend the maturity date of the GBP24 million loan facility to September from March. All other terms of the facility remain unchanged.

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SRT Marine Systems PLC - Bath, England-based provider of maritime domain awareness systems - Raises GBP1.5 million through upsized and oversubscribed retail offer at 82 pence per share. Had intended to raise GBP1.2 million. Takes total fundraise to GBP17.5 million, including placing and subscription.

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By Jeremy Cutler, Alliance News reporter

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