Market News - Page 787

B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, today announces a conditional placing of 6,169,194 new Ordinary Shares (the “New Placing Shares”) to a new investor in the Company (the “Investor” or “PSC”), an entity in the PSC Insurance Group (“PSC Group”), at a price of 252 pence each (the “Issue Price”) to raise gross proceeds of approximately £15.5 million for the Company (the “Placing”). Additionally, the Placing will also include the transfer by B.P. Marsh Management Limited (a company wholly owned by Brian Marsh, the Executive Chairman of the Group) of 1,166,310 Existing Ordinary Shares (the “Sale Shares”) to the Investor, who has also agreed to acquire the Sale Shares at the Issue Price….

Financial highlights   ·     6.5 per cent rise in operating profit to £11.6m (2017 – £10.9m)   ·     4.1 per cent growth in profit before tax…

Somero Enterprises, Inc. is pleased to provide an update on trading ahead of its Annual General Meeting to be held on Tuesday 12 June 2018….

Palace Capital, the property investment company that focuses on commercial property outside London, is pleased to announce its annual results for the year ended 31 March 2018.

TRANSFORMATIONAL YEAR ON ALL FRONTS:
LARGEST ACQUISITION TO DATE
MOVE TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE
LARGEST CAPITAL RAISE TO DATE
REGIONAL FOCUS CONTINUES TO GENERATE INCOME AND CAPITAL GROWTH…

TRENT 1000 SERVICE MANAGEMENT UPDATE
In April this year Rolls-Royce provided an update on the management of a durability issue affecting the Intermediate Pressure Compressor in a population of Trent 1000 engines, known as Package C engines. An update on the company's operational response to this issue was provided on May 30….

Accrol Group Holdings plc (“Accrol” or the “Company”), the leading independent tissue converter in the UK, is pleased to announce that Steven (“Steve”) James Townsley, aged 50, has been appointed as Chief Financial Officer with effect from today, 11 June 2018….

Highlights
Net Asset Value total return +5.7% vs Benchmark +7.7%
Share Price total return +5.7%
Dividends for the year increased by 3.9% vs inflation of 2.4%
A yield of 3.7% on the year-end share price
Annualised volatility 5.7% compared with 9.2% for the FTSE All-Share Index
Revised Investment Objective and Policy with effect from 7 July 2017
Discount Control Mechanism – net issuance of £11.1m worth of Shares
Shares traded at a small premium to Net Asset Value for almost all of the period…

Joint Venture with Empresas AquaChile S.A. (the “JV”)
Placing to raise £19.0 million (before expenses)
Trading Update and Notice of Half Year Results…