Top 5 Most Read RNS's on Vox Markets for Friday 12th May 2023
Episode 1415, May 12, 2023, 06:57 AM
Top 5 Most Read RNS's on Vox Markets for Friday 12th May 2023
1. THG PLC #THG - Termination of discussions with Apollo
On 17 April 2023, THG announced that it was in receipt of a highly preliminary and non-binding indicative proposal from Apollo Global Management to acquire THG.
Following receipt of the Indicative Proposal, the Board of THG entered into a short period of discussion with Apollo to provide it with an opportunity to improve the proposed valuation and confirm the structure of its Indicative Proposal.
It has become clear to the Board that there is no longer any merit in continuing to engage with Apollo.
2. Bens Creek Group #BEN - Acquisition of 29.9% holding in the Company
Bens Creek has been notified on 11 May 2023 by MBU Capital Group Limited, the Company's largest shareholder, that it has sold 119,218,394 Shares in the Company to Avani Resources.
As a result Avani now owns 29.86% of the the Company.
3. GSTechnologies #GST - Sandbox Application Update & Appointment of Broker
GSTechnologies has been informed by the UK Financial Conduct Authority that the expected final panel review meeting in relation to the Company's stablecoin application for admission to the FCA Regulatory Sandbox is no longer able to take place as scheduled due to unprecedented levels of sickness within the FCA team.
As a consequence, the FCA have indicated that they will now be able to provide a decision on the Sandbox Application by the end of May 2023, not mid-May as previously indicated.
4. Predator O&G Hldgs #PRD - Exercise of Options and Placing of Shares
Exercise of Share Options by Directors, Placing to raise £1,449,764 before expenses to advance Financial Investment Decision for a CNG development and subsequent reimbursement to Directors
- Drilling and testing operations to recommence beginning of June
- Targeting potential FID for CNG "Proof of Concept" by September
5. Tlou Energy #TLOU - Partially Underwritten Entitlement Offer
Entitlement Offer for 4 new ordinary shares for every 11 Ordinary Shares held, at a price of A$0.035 per share (£0.02, BWP0.30) to raise approximately A$10.65 million (£5.86 million; BWP 92.6 million);
The Entitlement Offer is partially underwritten for A$5m (£2.75m, BWP43.5m) by ILC Investments;
Certain Directors are participating in the Entitlement Offer
Funds raised and existing capital will go towards development of Tlou's power projects.
1. THG PLC #THG - Termination of discussions with Apollo
On 17 April 2023, THG announced that it was in receipt of a highly preliminary and non-binding indicative proposal from Apollo Global Management to acquire THG.
Following receipt of the Indicative Proposal, the Board of THG entered into a short period of discussion with Apollo to provide it with an opportunity to improve the proposed valuation and confirm the structure of its Indicative Proposal.
It has become clear to the Board that there is no longer any merit in continuing to engage with Apollo.
2. Bens Creek Group #BEN - Acquisition of 29.9% holding in the Company
Bens Creek has been notified on 11 May 2023 by MBU Capital Group Limited, the Company's largest shareholder, that it has sold 119,218,394 Shares in the Company to Avani Resources.
As a result Avani now owns 29.86% of the the Company.
3. GSTechnologies #GST - Sandbox Application Update & Appointment of Broker
GSTechnologies has been informed by the UK Financial Conduct Authority that the expected final panel review meeting in relation to the Company's stablecoin application for admission to the FCA Regulatory Sandbox is no longer able to take place as scheduled due to unprecedented levels of sickness within the FCA team.
As a consequence, the FCA have indicated that they will now be able to provide a decision on the Sandbox Application by the end of May 2023, not mid-May as previously indicated.
4. Predator O&G Hldgs #PRD - Exercise of Options and Placing of Shares
Exercise of Share Options by Directors, Placing to raise £1,449,764 before expenses to advance Financial Investment Decision for a CNG development and subsequent reimbursement to Directors
- Drilling and testing operations to recommence beginning of June
- Targeting potential FID for CNG "Proof of Concept" by September
5. Tlou Energy #TLOU - Partially Underwritten Entitlement Offer
Entitlement Offer for 4 new ordinary shares for every 11 Ordinary Shares held, at a price of A$0.035 per share (£0.02, BWP0.30) to raise approximately A$10.65 million (£5.86 million; BWP 92.6 million);
The Entitlement Offer is partially underwritten for A$5m (£2.75m, BWP43.5m) by ILC Investments;
Certain Directors are participating in the Entitlement Offer
Funds raised and existing capital will go towards development of Tlou's power projects.