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David Burton,
yes AST needs to do an interview because this Rns is overwhelming for many, the fact that AST entered USA helium and gas sector is tremendous for AST shareholders in coming months.
Onshore US Gas Investment, New Funding, Board Changes, Director Dealings and Total Voting Rights
Ascent Resources Plc (LON: AST) is pleased to announce it has made an investment into a private US holding company, GNG Partners LLC, that has been formed to acquire onshore US midstream gas distribution and processing facilities which includes helium purification and liquefaction. This is the first shaping move for the Company following a period of deal origination / screening and the recent ECT claim distribution which cements the Company's new forward US onshore gas and helium strategy. The Company is also pleased to announce that, to fund the investment, it has raised gross proceeds of approximately $1.7 million via an equity fundraise and loan note issue, further details are set out below.
James Parsons, the Company's Chair, commented:
"We are delighted to share our forward strategy for the business, centred around the highly profitable US onshore gas markets and the short supplied, high value and exponentially growing global Helium market. Helium is a key requirement for many aspects of modern life including medical devices, super computers and data centres. We also expect a significant increase in demand for natural gas in the US and elsewhere to generate electricity to feed data centres and to power the artificial intelligence revolution.
Our initial investment in GNG and strategic relationship with American Helium provides Ascent with access to a sizeable midstream business in a safe jurisdiction with significant upside, alongside potential future equity upstream production and operations. The world class GNG and American Helium teams are highly synergistic with Ascent's executive and we look forward to success together.
Some serious money been invested here buy Gng Partners to acquire helium assets.
Katstrangler
why are you crying on this bb now,
you deserve to lose.
I was being positive about This company,
however you put water on my positive energy.
Sp will drift because no Earl going to come and say good about this Company and rightly so....
why should I when my positive gets shot down.
Without Official news there's not much momentum, unless Earl of AIM comes to promote stock and give all a good time.
what's better EofA promoting and getting Sp up or disgraceful derampers doing the opposite.
cherish Earl of AIM.
Lejjb
I sincerely hope you make good return here, I was going to post, however Katstrangler and others think I make it worse, hence stopped posting,
however just noticed sp drifting......
I did try and help the cause, but jealous soul thinks they know AIM better
utter crazy people on here.
Delisting
avoid avoid avoid
Google
'onex share price'
a $7.5 billion dollar company, in advance stage to sign the dotted line to buy RQIH in Q2,2024
and mms allowing buys at 3p is a Gift not to be missed IMO
after the sale Sp should be worth 60p (that's the placing Price in June 60.98p see June Rns)
snooze and you lose.
this could do AIM a good for investors.
as confidence will be significantly higher.
GLA and Dyor before its too late
3p to buy or slightly higher
Onex currently has $7.5 billion Mcap on TSX exchange
a multi billion dollar company don't make statements like this to buy RQIH asset then walk away.
Mms got this wrong
sale will go through........ Sp will rise
CPE News (10.21.2023) – Onex Corporation (TSX: ONEX) has announced that Onex Partners V has agreed to acquire Accredited, the global program management business of R&Q Insurance Holdings Ltd. (LSE: RQIH).
Onex chose not to disclose purchase price in its news release while it is publicly available from R&Q.
R&Q disclosed the entering into a conditional agreement with Onex Partners V to sell 100% of the equity interest in Randall & Quilter America Holding Inc., the holding company of Accredited, for an enterprise value of $465 million, representing an expected equity value of approximately $438 million. (all dollar figures in US dollars)
R&Q said the closing of the sale is conditional on R&Q shareholder approval, regulatory approval and customary consents from certain R&Q debt providers. The sale is also conditional on the transfer of R&Q’s CEO William Spiegel, and CFO Thomas Solomon to Accredited upon closing.
Accredited is a leading program manager, providing A-rated insurance capacity in the US, UK and Europe. Accredited’s US, UK and EU-regulated insurance companies act as an intermediary between Managing General Agents (MGAs) and reinsurers. Accredited has grown significantly over the last three years achieving Gross Written Premium and Fee Income of $1.8 billion and $80 million, respectively, in the twelve months to 31st December 2022, and $1.1 billion and $46 million, respectively, in the six months to 30th June 2023
Https://privatecapitaljournal.com/onex-partners-v-to-acquire-accredited-from-rq-insurance-holdings/