Laxey dumps Shaftesbury June 11, 2009 ACTIVIST investor Laxey Partners yesterday dumped its 19 per cent stake in Shaftesbury, just a week after supporting a £149m rights issue by the property company. Laxey yesterday appointed broker JP Morgan Cazenove as sole bookrunner for the placing of just over 25.7m shares and around 17.2m nil-paid rights in Shaftesbury, which owns large chunks [...]
Laxey dumps Shaftesbury June 11, 2009 ACTIVIST investor Laxey Partners yesterday dumped its 19 per cent stake in Shaftesbury, just a week after supporting a £149m rights issue by the property company. Laxey yesterday appointed broker JP Morgan Cazenove as sole bookrunner for the placing of just over 25.7m shares and around 17.2m nil-paid rights in Shaftesbury, which owns large chunks [...]
Shaftesbury raises 149.1m May 20, 2009 PROPERTY firm Shaftesbury has launched a 2-for-3 rights issue to raise £149.1m to spruce up London’s fashionable Soho district. The real estate investment trust, which owns large swathes of the capital’s Chinatown and Covent Garden theatre district, plans to sell about 90.3m shares at 175p each, a discount of 53.1 per cent to the closing [...]
ADVISERS May 20, 2009 LEADING the heavyweight team of advisers on the issue is property expert Alex Midgen of Rothschild, Shaftesbury’s main financial adviser. Rothschild has been advising the group for the past year, it said yesterday. Joint bookrunners are the well known pairing, JP Morgan Cazenove and Merrill Lynch. JP Morgan, which is corporate broker to 37 of [...]
ADVISERS May 20, 2009 LEADING the heavyweight team of advisers on the issue is property expert Alex Midgen of Rothschild, Shaftesbury’s main financial adviser. Rothschild has been advising the group for the past year, it said yesterday. Joint bookrunners are the well known pairing, JP Morgan Cazenove and Merrill Lynch. JP Morgan, which is corporate broker to 37 of [...]
Trio join the cash call craze May 17, 2009 A TRIO of property companies are setting their sights on fundraising this week to exploit opportunities created in the downturn. Great Portland Estates, Big Yellow Group and Shaftesbury have all been working with advisers on how to tap investors for extra cash. West End property specialist Great Portland Estates, is expected to announce a fundraising [...]
Trio join the cash call craze May 17, 2009 A TRIO of property companies are setting their sights on fundraising this week to exploit opportunities created in the downturn. Great Portland Estates, Big Yellow Group and Shaftesbury have all been working with advisers on how to tap investors for extra cash. West End property specialist Great Portland Estates, is expected to announce a fundraising [...]