Market News - Page 893

National Grid plc (“National Grid”) is pleased to announce that it has today entered into an agreement to sell a 61% equity interest in its UK gas distribution business (“NGGD”) to a consortium (the “Consortium”) of long-term infrastructure investors (the “Transaction”). The Consortium comprises Macquarie Infrastructure and Real Assets (“MIRA”), Allianz Capital Partners, Hermes Investment Management, CIC Capital Corporation, Qatar Investment Authority, Dalmore Capital and Amber Infrastructure Limited/International Public Partnerships….

Pressure Technologies is pleased to announce that it has on 7 December 2016 acquired the entire issued share capital of UK based Martract Limited, a profitable, cash generative engineering business that specialises primarily in the grinding and lapping of ball and seat assemblies and gate valves. Martract is a highly specialist, niche business and the market leader in its field through its unrivalled intellectual property and strong longstanding customer relationships. The business is well known to the Group and has been a key supplier into the Precision Engineering Division (“PMC”) for over 15 years. The Acquisition is a strong strategic fit with the PMC Division, it will join the other businesses in this division; Roota Engineering, Al-Met and Quadscot. Martract will help to vertically integrate the supply chain and further strengthen our ability to supply bespoke, complex solutions to industries demanding more innovative solutions to increasingly challenging problems….

Fulcrum, the UK's market leading independent energy and multi-utility infrastructure and services provider, today announces its interim results for the six months ended 30 September 2016.

The Company has continued to improve its performance and strengthen its balance sheet. Trading performance this year to date is strong and prospects for the rest of the year look positive. The Company started paying dividends in 2014/15 with a modest final dividend and the Board's aim was to be able to increase dividends progressively to a stage where a formal dividend policy could be adopted. The Company's performance last year enabled the payment of significantly increased dividends for 2015/16. Today, the Board is announcing a formal dividend policy which it will apply to the current year 2016/17….

Tarsus Group plc (“Tarsus” or the “Group”), the international business-to-business media group, announces that it has conditionally agreed to acquire 80.1 per cent of Connect Meetings, LLC (trading as “Connect”) for a cash consideration of up to approximately $57.0 million (the “Acquisition”), payable by way of initial consideration of approximately $44.0 million plus up to $1.0 million for working capital and up to $12.0 million payable over the next two years subject to certain conditions.
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James Halstead Plc, the commercial flooring company, is holding its 101(st) AGM today at 12.00 noon at which the Chairman, Mr Geoffrey Halstead, will make the following statement: …

On 15 November 2016, the Board of KLK, through its wholly-owned subsidiary, KLKI, announced the terms of a revised cash offer at 740 pence per share for MP Evans by KLKI to acquire the entire issued and to be issued share capital of MP Evans (the “Increased Offer”). The offer document in respect of the Increased Offer (the “Offer Document”) was published on 18 November 2016.
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LondonMetric today announces its half yearly results for the six months ended 30 September 2016….

“Building on our solid progress, the team has once again performed strongly to deliver on our objective of sustainable growth in profits. The new financial year has started well. We have much to do across the business to ensure we build on the work of our people over the past year and be able to take advantage of the many opportunities ahead of us.”…