We will track here amendments to this resource that reflect changes in law and practice.
A practice note listing the recent deals published on What's Market.
What's Market (UK) is a deals database that lets you search and compare a wide range of public company transactions and AGM notices.
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Date of announcement | Target | Deal | Points to note |
23 May 2013 | Lochard Energy Group PLC (AIM) | Recommended share offer for Lochard Energy Group PLC by The Parkmead Group plc | The offer is valued at £14.5 million and is structured as a scheme of arrangement. Lochard Energy Group PLC was previously subject to a formal sale process (see What's Market, Possible offer for Lochard Energy Group PLC (formal sale process)). |
17 May 2013 | Assura Group Limited (Main Market) | Possible share offer for Assura Group Limited by MedicX Fund Limited (withdrawn) | Announcement by Assura Group Limited, confirming that it has received an approach from MedicX Fund Limited regarding a possible offer for the company. The possible offer is valued at £211.82 million. On 28 May 2013, Assura rejected the possible offer as it failed to recognise the existing and potential value of Assura and was not in the interests of all shareholders. |
15 May 2013 | Lonrho Plc (Main Market) | The offer is valued at £174.5 million and is structured as a scheme of arrangement. FS Africa Limited is a newly incorporated company jointly owned and controlled by Rainer-Marc Frey and BIH S.A.. | |
14 May 2013 | Severn Trent Plc (Main Market) | Announcement by Severn Trent Plc, confirming that it has received an approach from a consortium made up of Borealis Infrastructure Management Inc., the Kuwait Investment Office and Universities Superannuation Scheme Limited regarding a possible offer for the company. | |
10 May 2013 | Datong plc (AIM) | Recommended cash offer for Datong plc by Seven Technologies Holdings Limited | The offer is valued at £6.92 million. Datong plc was previously subject to a formal sale process (see What's Market, Possible offer for Datong plc (formal sale process)). |
24 April 2013 | May Gurney Integrated Services plc (AIM) | Recommended cash and share offer for May Gurney Integrated Services plc by Kier Group plc | The offer is valued at £221 million and is structured as a scheme of arrangement. May Gurney Integrated Services plc is also subject to a firm offer by Costain Group PLC (see What's Market, Costain Group PLC offer for May Gurney Integrated Services plc). |
19 April 2013 | Eurasian Natural Resources Corporation plc (Main Market) | Announcement by Alexander Machkevitch confirming that he is reviewing the possibility of forming a consortium with Alijan Ibragimov, Patokh Chodiev and the Kazakh Government to make an offer for Eurasian Natural Resources Corporation plc. | |
15 April 2013 | Betfair Group plc (Main Market) | Announcement by CVC Capital Partners Limited, in response to press speculation, confirming that it is in talks with Richard Koch, Antony Ball and partners regarding a possible offer for Betfair Group plc. | |
11 April 2013 | Healthcare Locums plc (AIM) | Recommended cash offer for Healthcare Locums plc by Angel Acquisitions Limited | The offer is valued at £6.36 million. Angel Acquisitions Limited is a company owned as to 50% by ACE Equity Holdco Cayman Ltd (established by Ares Capital Europe Limited (ACE)) and 50% by Tosca Opportunity (in respect of whom Toscafund Asset Management LLP (Toscafund) is the investment manager). Healthcare Locums plc was previously the subject of a possible offer by Toscafund and ACE (see What's Market, Toscafund Asset Management LLP and Ares Capital Europe Limited possible offer for Healthcare Locums plc). |
Date of announcement | Issuer | Deal | Points to note |
14 June 2013 | Retroscreen Virology Group plc (AIM) | The size of the issue is £25 million (net). | |
13 June 2013 | The UNITE Group plc (Main Market) | The size of the issue is £51.2 million (gross) and will be effected by way of an accelerated bookbuild. | |
12 June 2013 | Telford Homes Plc (AIM) | The size of the issue is £19.24 million (net). | |
11 June 2013 | Keller Group plc (Main Market) | The size of the issue is £58.7 million (gross) and is intended to part-fund the acquisition of North American Piling (see What's Market, Keller Group plc acquisition of North American Piling). | |
29 May 2013 | Brewin Dolphin Holdings PLC (Main Market) | The size of the issue is £39.9 million (gross) and will be effected by way of an accelerated bookbuild. | |
24 May 2013 | 1Spatial plc (AIM) | The size of the issue is £17 million (net). | |
24 May 2013 | Lombard Medical Technologies PLC (AIM) | The size of the issue is £20 million (net). | |
23 May 2013 | BTG plc (Main Market) | The size of the issue is £106.3 million (gross) and is intended to part-fund the acquisitions of EKOS Corporation (see What's Market, BTG plc acquisition of EKOS Corporation) and of the Targeted Therapies division of Nordion, Inc. (see What's Market, BTG plc acquisition of the Targeted Therapies division of Nordion, Inc.). | |
22 May 2013 | Primary Health Properties PLC (Main Market) | Firm placing, placing, open offer and offer for subscription | The size of the issue is £58 million (net). |
21 May 2013 | Vertu Motors plc (AIM) | The size of the issue is £47.7 million (net). | |
20 May 2013 | FirstGroup plc (Main Market) | The size of the issue is £585 million (net). | |
16 May 2013 | Thomas Cook Group plc (Main Market) | The size of the issue is £400 million (net). | |
3 May 2013 | Superglass Holdings plc (Main Market) | The size of the issue is £12.2 million (net). Superglass Holdings plc is also proposing to effect a capital reorganisation (see What's Market, Superglass Holdings plc: sub-division and consolidation of share capital), a debt for equity swap (see What's Market, Superglass Holdings plc debt for equity swap (2013)) and its de-listing from the Official List of the Main Market and transfer to AIM (see What's Market, Superglass Holdings plc de-listing (transfer to AIM)). | |
1 May 2013 | Tyman plc (AIM) | The size of the issue is £65.5 million (net) and is intended to part-fund the acquisition of Truth Hardware from Melrose Industries PLC. Tyman plc also intends to transfer to the Official List from AIM (see What's Market, Tyman plc transfer from AIM). | |
30 April 2013 | Carphone Warehouse Group plc (Main Market) | The size of the issue is £105 million (gross) and will be effected by way of an accelerated bookbuild. The issue is intended to part fund Carphone Warehouse Group plc's acquisition of the remaining 50% interest in New BBED Limited (see What's Market, Carphone Warehouse Group plc acquisition of remaining 50% interest in New BBED Limited (reverse takeover)). | |
29 April 2013 | Fresnillo plc (Main Market) | The size of the issue is £221.86 million (gross). | |
25 April 2013 | Randall & Quilter Investment Holdings plc (AIM) | The size of the issue is £24.1 million (net). | |
19 April 2013 | Mears Group PLC (Main Market) | The size of the issue is £19.7 million (gross). |
Date of admission to trading | Company | Transaction | Points to note |
25 June 2013 | CVC Credit Partners European Opportunities Limited | Underwritten placing and admission to listing and to trading on the Main Market | Upon admission, the market capitalisation of CVC Credit Partners European Opportunities Limited at the offer price of 100 pence per share will be approximately £255 million. |
12 June 2013 | Partnership Assurance Group plc | Underwritten global offer and admission to listing and to trading on the Main Market | Upon admission, the market capitalisation of Partnership Assurance Group plc at the offer price of 385 pence per share will be £1.54 billion. |
24 May 2013 | Outsourcery plc | Upon admission, the market capitalisation of Outsourcery plc at the offer price of 110 pence per share will be £33.9 million. | |
22 May 2013 | Platform Acquisition Holdings Limited | Underwritten placing and admission to listing and to trading on the Main Market | Upon admission, the market capitalisation of Platform Acquisition Holdings Limited at the offer price of US$10 per share will be US$905.3 million (approximately £595.46 million). |
21 May 2013 | Quixant plc | Upon admission, the market capitalisation of Quixant plc at the offer price of 46 pence per share will be £29.72 million. | |
17 May 2013 | Lekoil Limited | Upon admission, the market capitalisation of Lekoil Limited at the offer price of 40 pence per share will be £73 million. | |
14 May 2013 | Weiss Korea Opportunity Fund Ltd. | Upon admission, the market capitalisation of Weiss Korea Opportunity Fund Ltd. at the offer price of 100 pence per share will be £105 million. | |
3 April 2013 | Electrical Geodesics, Inc. | Upon admission, the market capitalisation of Electrical Geodesics, Inc. at the offer price of 120 pence per share will be £29.3 million. | |
2 April 2013 | HellermannTyton Group PLC | Underwritten global offer and admission to listing and to trading on the Main Market | Upon admission, the market capitalisation of HellermanTyton Group PLC at the offer price of 195 pence per share will be £419.9 million. |
Date of announcement | Company | Deal | Points to note |
10 June 2013 | AVEVA Group plc (Main Market) | AVEVA Group plc intends to make a return of approximately £100 million. | |
5 June 2013 | MoneySupermarket.com Group PLC (Main Market) | MoneySupermarket.com Group PLC intends to make a return of £70 million. | |
24 May 2013 | Computacenter plc (Main Market) | Computacenter plc intends to make a return of approximately £75 million. | |
21 May 2013 | Invensys plc (Main Market) | Invensys plc intends to make a return of approximately £625 million. | |
10 May 2013 | Hasgrove plc (AIM) | Hasgrove plc intends to make a return of up to £10.25 million, following which it intends to cancel its AIM admission (see What's Market, Hasgrove plc cancellation of AIM admission). | |
9 May 2013 | The Sage Group plc (Main Market) | The Sage Group plc intends to make a return of £200 million. |
Date of announcement | Company | Transaction | Points to note |
13 June 2013 | Centrica plc | The consideration is up to £100 million. | |
12 June 2013 | Rio Tinto plc | The consideration is estimated at US$325 million (approximately £207.65 million), payable in cash. | |
11 June 2013 | Keller Group plc | The consideration is up to CDN$320 million (approximately £202.5 million). The consideration will be part-funded by a placing (see What's Market, Keller Group plc placing). | |
10 June 2013 | AstraZeneca PLC | The consideration is up to US$1.15 billion (approximately £739.25 million), payable in cash. | |
31 May 2013 | Lloyds Banking Group plc | Disposal of a portfolio of US residential mortgage backed securities | The consideration is £3.3 billion, payable in cash. |
31 May 2013 | TUI Travel PLC | Class 1 acquisition of 60 narrow-bodied Boeing 737 MAX aircraft | The consideration is up to $6.19 billion (approximately £4.07 billion). |
30 May 2013 | Capital & Counties Properties PLC | Acquisition of remaining 50% interest in the Empress State Building | The consideration is £117 million. |
29 May 2013 | Lloyds Banking Group plc | The consideration is up to approximately £100 million, payable in cash. | |
28 May 2013 | AstraZeneca PLC | The initial consideration is approximately US$323 million (approximately £214 million), payable in cash. | |
23 May 2013 | BTG plc | The consideration is up to US$220 million (approximately £147 million), payable in cash. The acquisition will be part-funded by a placing (see What's Market, BTG plc placing). | |
23 May 2013 | Flybe Group plc | Class 1 disposal of 25 pairs of arrival and departure slots at London Gatwick Airport | The consideration is £20 million, payable in cash. |
23 May 2013 | BTG plc | Acquisition of the Targeted Therapies division of Nordion, Inc. | The consideration is approximately US$200 million (approximately £133 million), payable in cash. The acquisition will be part-funded by a placing (see What's Market, BTG plc placing). |
22 May 2013 | Lloyds Banking Group plc | The consideration is £450 million. The disposal will be effected by way of a placing. | |
17 May 2013 | Ocado Group plc | Class 1 licensing and services agreement with Wm Morrison Supermarkets PLC | The consideration is approximately £165 million. |
15 May 2013 | Xchanging plc | The consideration is EUR40.5 million (approximately £34.19 million) payable in cash. This is a related party transaction under the Listing Rules. | |
10 May 2013 | Lloyds Banking Group plc | The consideration is £325 million, payable in cash. | |
8 May 2013 | J Sainsbury plc | Acquisition of remaining 50% interest in Sainsbury's Bank plc | The consideration is £248 million, consisting of cash consideration of £193 million and the purchase of £55 million of loan stock at par value.. |
3 May 2013 | Hammerson plc | Acquisition of a further 16.7% interest in the Bullring shopping centre | The consideration is £153.5 million, payable in cash. |
30 April 2013 | Unilever PLC | Acquisition of a further 22.52% interest in Hindustan Unilever | The consideration is INR292.2 billion (£3.49 billion), payable in cash. |
30 April 2013 | Carphone Warehouse Group plc | The consideration is £471 million. The acquisition will be part-funded by a placing (see What's Market, Carphone Warehouse Group plc placing). | |
29 April 2013 | Rentokil Initial plc | The consideration is £1. The buyer will also invest £40 million in City Link Limited to provide funding required to complete its turn-around plan. | |
29 April 2013 | BHP Billiton Plc | The consideration is US$650 million (approximately £418.37 million), payable in cash. | |
29 April 2013 | Lloyds Banking Group plc | The consideration is EUR84 million (approximately £72 million), payable in shares and cash. | |
17 April 2013 | CPPGroup Plc | The consideration is US$40 million (approximately £26.1 million). CPPGroup Plc (CPP) intends to engage in further discussions with its lenders and Mr Hamish Macgregor Ogston CBE with a view to putting in place a funding plan for CPP following expiry of its amended facility. For further information, see What's Market, Hamish Macgregor Ogston CBE possible offer for CPPGroup Plc. | |
15 April 2013 | C.A. Sperati (The Special Agency) PLC | The consideration is £446,000. |
Date of announcement | Company | Deal | Points to note |
3 June 2013 | DCD Media plc (AIM) | DCD Media plc proposes to implement a capital reorganisation involving sub-division of each existing deferred share, sub-division of each existing ordinary share and then consolidation of the new ordinary shares. | |
23 May 2013 | Biome Technologies plc (AIM) | Consolidation and sub-division of share capital and reduction of capital | Biome Technologies plc (Biome) proposes to implement a capital reorganisation by consolidating the existing ordinary shares and subsequently sub-dividing each consolidated share into new ordinary shares and deferred shares. Biome then proposes to effect a capital reduction by cancelling the deferred shares and the share premium account. |
15 May 2013 | Noventa Limited (AIM) | Noventa Limited proposes to implement a capital reorganisation by sub-dividing the ordinary shares into new ordinary shares and redesignating some of the new ordinary shares into deferred shares. | |
9 May 2013 | Mercom Oil Sands Plc (AIM) | Mercom Oil Sands Plc proposes to implement a capital reorganisation by consolidating the existing ordinary shares and subsequently sub-dividing each consolidated share into new ordinary shares and deferred shares. | |
8 May 2013 | CEPS PLC (AIM) | CEPS PLC proposes to implement a capital reorganisation by consolidating the existing ordinary shares and subsequently sub-dividing each consolidated share into new ordinary shares. | |
8 May 2013 | Kryso Resources Plc (AIM) | New holdco scheme of arrangement involving a reduction of capital | Introduction of Kryso Resources Corporation Limited as holding company of Kryso Resources Plc by scheme of arrangement involving a reduction of capital. |
7 May 2013 | Central Rand Gold Limited (Main Market) | Central Rand Gold Limited proposes to implement a capital reorganisation by redesignating some of the existing ordinary shares into deferred shares. | |
3 May 2013 | Superglass Holdings plc (Main Market) | Superglass Holdings plc (Superglass) proposes to implement a capital reorganisation by sub-dividing the existing ordinary shares into ordinary shares and deferred shares and then consolidating the post-sub-division ordinary shares into new ordinary shares. Superglass is also proposing to effect a placing to raise £12.2 million (net) (see What's Market, Superglass Holdings plc placing), a debt for equity swap (see What's Market, Superglass Holdings plc debt for equity swap (2013)) and its de-listing from the Official List of the Main Market and transfer to AIM (see What's Market, Superglass Holdings plc de-listing (transfer to AIM)). | |
3 May 2013 | Petroceltic International plc (AIM) | New holdco scheme of arrangement and consolidation of share capital | Introduction of Petroceltic plc as holding company of Petroceltic International plc by scheme of arrangement under section 201 of the Irish Companies Act, involving a reduction of capital, and subsequent share consolidation. Petroceltic International plc also intends to transfer to the Official List from AIM (see What's Market, Petroceltic plc transfer from AIM). |
1 May 2013 | Helphire Group plc (AIM) | Helphire Group plc proposes to effect a capital reduction by cancelling its share premium account and deferred shares. | |
25 April 2013 | Randall & Quilter Investment Holdings plc (AIM) | Randall & Quilter Investment Holdings plc proposes to effect a redomicile by the insertion of Randall & Quilter Investment Holdings Ltd (Randall Bermuda), incorporated in Bermuda and tax resident in the UK, as the new holding company for the group. | |
15 April 2013 | Daisy Group plc (AIM) | Daisy Group plc proposes to effect a capital reduction by cancelling its share premium account and capital redemption reserve. |
Date of announcement | Company | De-listing | Points to note |
6 June 2013 | Rapid Realisations Fund Limited | Cancellation is anticipated to occur on 5 July 2013. | |
5 June 2013 | Pactolus Hungarian Property PLC | Cancellation is anticipated to occur on 17 July 2013. | |
17 May 2013 | Parity Group plc | Cancellation is anticipated to occur on 5 July 2013. | |
17 May 2013 | Silanis International Limited | Cancellation is anticipated to occur on 24 June 2013. | |
16 May 2013 | Rugby Estates plc | Cancellation is anticipated to occur on 18 June 2013. | |
10 May 2013 | Hasgrove plc | Cancellation is anticipated to occur on 12 July 2013. Hasgrove plc also intends to return £10.25 million to its shareholders by way of a tender offer (see What's Market, Hasgrove plc tender offer). | |
3 May 2013 | Superglass Holdings plc | Cancellation is anticipated to occur on 4 June 2013. Superglass Holdings plc also intends to effect a placing to raise £12.2 million (net) (see What's Market, Superglass Holdings plc placing), a capital reorganisation (see What's Market, Superglass Holdings plc: sub-division and consolidation of share capital) and a debt for equity swap (see What's Market, Superglass Holdings plc debt for equity swap (2013)). | |
3 May 2013 | ORA Capital Partners Limited | Cancellation is anticipated to occur on 7 June 2013. | |
17 April 2013 | Yujin International Ltd | Cancellation is anticipated to occur on 17 April 2013. | |
8 April 2013 | Sherborne Investors (Guernsey) B Limited | The directors intend to apply for admission of Sherborne investors (Guernsey) B Limited’s shares to trading on the Specialist Fund Market. Cancellation is anticipated to occur on 7 May 2013. |
Date of announcement | Company | Deal | Points to note |
14 May 2013 | International Consolidated Airlines Group, S.A. (Main Market) | The bond issue is valued at EUR390 million (approximately £329.73 million). The bonds will be traded on the Professional Securities Market. | |
4 October 2012 | Gulf Keystone Petroleum Ltd. (AIM) | The bond issue is valued at US$275 million (approximately £169.92 million). The bonds will be traded on the Professional Securities Market. |
Date of circular | Company | Deal | Points to note |
24 May 2013 | News Corporation (Main Market) | Separation of News Corporation into two distinct publicly traded companies | Separation of the media and entertainment business and the newspaper business, into two distinct publicly traded companies. |
30 April 2013 | Green Dragon Gas Ltd. (AIM) | Demerger by Green Dragon Gas Ltd. of Greka Engineering & Technology Ltd., by way of a dividend in specie. | |
13 February 2013 | Redstone PLC (AIM) | Demerger by Redstone PLC of its network based managed services business from the infrastructure solutions business, to a new AIM quoted company called Redcentric. The demerger is structured as a three cornered reduction of capital, including a share consolidation and dividend in specie. |
Date of admission to trading | Company | Deal | Points to note |
3 May 2013 | Petroceltic plc | Admission is anticipated to occur on 27 June 2013, following its reorganisation (see What's Market, Petroceltic International plc: new holdco scheme of arrangement and consolidation of share capital). | |
1 May 2013 | Tyman plc | Admission is anticipated to occur by late June 2013. Tyman plc also intends to effect a firm placing and a fully underwritten placing and open offer of new shares to raise £65.5 million (net) (see What's Market, Tyman plc firm placing, placing and open offer). |
Date of announcement | Parties | Deal | Points to note |
29 May 2013 | Enegi Oil Plc (AIM) Advanced Buoy Technology Limited | The joint venture is intended to secure and develop interests in stranded, offshore oil reserves. | |
13 May 2013 | Grainger plc (Main Market) Dorrington PLC | The joint venture is intended to acquire a portfolio of South London residential property. The deal value is £111 million. | |
26 April 2013 | Capita plc (Main Market) The Cabinet Office | The joint venture is intended to help deliver and commercialise the UK government's portfolio of best management practice training tools and services. The deal value is £38.2 million. | |
3 April 2013 | Interserve plc (Main Market) Tiger Developments | The joint venture is intended to develop the Haymarket area of Edinburgh. The deal value is £160.5 million. | |
2 April 2013 | Quintain Estates & Development plc (Main Market) Oaktree Capital Management L.P. | The joint venture is intended to help fund Quintain Estates and Development plc's regeneration project in Wembley, to reduce its net debt to below £400 million and to participate in the potential upside from the Wembley Hilton hotel's maturing business profile. The deal value is £30.1 million. |
Date of announcement | Company | Deal | Points to note |
3 May 2013 | Superglass Holdings plc (Main Market) | Superglass Holdings plc is also proposing to effect a placing to raise £12.2 million (net) (see What's Market, Superglass Holdings plc placing), a capital reorganisation (see What's Market, Superglass Holdings plc: sub-division and consolidation of share capital) and its de-listing from the Official List of the Main Market and transfer to AIM (see What's Market, Superglass Holdings plc de-listing (transfer to AIM)). | |
28 February 2013 | Helphire Group plc (Main Market) | Helphire Group plc is also proposing to refinance the company by launching a firm placing and a placing and open offer to raise £25.6 million (see What's Market, Helphire Group plc firm placing, placing and open offer) and transferring to AIM (see What's Market, Helphire Group plc delisting (transfer to AIM)). |
For details of the recent summaries of AGM notices published on What's Market, see: