IFR International - 21.07.2018

Java CapitalûLAUNCHEDûTHEûPLACINGûONû
7EDNESDAYûMORNINGûWITHûAûTARGETûOFû2BNû
ANDûEXPECTATIONSûOFûPARTICIPATIONûOFû
APPROXIMATELYû2MûFROMûMANAGEMENTû
ANDû2MûTOûBEûRAISEDûFROMûAûDIRECTûSHAREû
PLACINGûTOûAûSPECIALûPURPOSEûVEHICLEûOWNEDû
BYûBLACK
MANAGEDûANDûBLACK
OWNEDû
PROPERTYûBUSINESSû%NCHA
4HEûACCELERATEDûBOOKBUILDûTOTALLEDû
2BN ûINCLUDINGûPARTICIPATIONûBYû
MANAGEMENT ûWITHûPRICINGûATû2ûPERû
SHARE ûAûûDISCOUNTûTOûTHEû4UESDAYûCLOSEû
OFû2ûANDûAûûDISCOUNTûTOûTHEûOPENû
OFû2
4HEûSHARESûCLOSEDûONû7EDNESDAYûATû2

SWITZERLAND

LEONTEQ TO BOLSTER CAPITAL WITH
SFr118m RIGHTS ISSUE

)NVESTMENTûTECHNOLOGYûBUSINESSûLEONTEQ has
SETûTERMSûFORûAû3&RMû53M ûFULLYû
underwritten rights issue in a bid to build a
LARGEûCAPITALûBUFFERûFORûFUTUREûBUSINESSû
GROWTHûFOLLOWINGûTHEûCOMPLETIONûOFûITSû
TURNAROUNDûSTRATEGY
4HEûCAPITALûINCREASEûCOMPRISESûMûNEWû
SHARES ûREPRESENTINGûûOFûEXISTINGû
SHAREûCAPITAL ûONûAû
FOR
ûBASISûATû3&R û
AûûDISCOUNTûTOû4%20ûOFû3&R
2IGHTSûTRADINGûRUNSûFROMûULYûûTOû û
WITHûSUBSCRIPTIONûWRAPPINGûUPûONû!UGUSTûû
ANDûAûRESULTûEXPECTEDûONû!UGUSTû
2AIFFEISENû3WITZERLANDûWITHûAûû
STAKE û#%/û,UKASû2UmINûWITHûûANDû
FOUNDINGûPARTNERû3ANDROû$ORIGOûWITHûû
HAVEûCOMMITTEDûTOûEXERCISEûALLûSUBSCRIPTIONû
RIGHTS ûALTHOUGHû2AIFFEISENûREITERATEDûITSû
LONG
TERMûINTENTIONûTOûREDUCEûITSûSTAKEûTOû

2UmINûANDû$ORIGOûBOTHûBOUGHTûINTOû
FORMERû#%/ûANû3CHOCHSû3&RMûSELL
DOWNûOFûHISûSTAKEûINûTHEûCOMPANYûFOLLOWINGû
HISûRESIGNATIONûLASTû/CTOBERû#REDITû3UISSEû
RANûTHATûSALEûANDûANû3&RMûSALEûBYû
2AIFFEISENûINû.OVEMBERû
4HEûANNOUNCEMENTûONûTHEûCAPITALû
INCREASEûCAMEûALONGSIDEûlRST
HALFûRESULTSû
SHOWINGûNETûPROlTûATû3&RM ûCOMPAREDû
WITHû3&RMûINû(ûû/PERATINGûINCOMEû
ROSEûûTOû3&RM ûDRIVENûBYûû
GROWTHûINûNETûFEEûINCOMEûTOû3&RMûANDû
ANûIMPROVEDûNETûTRADINGûRESULT
Credit SuisseûISûSOLEûBOOKRUNNERûONûTHEû
rights issue, with Raiffeisen Switzerland
CooperativeûASûCO
BOOKRUNNER

AC IMMUNE BALANCES MARKET
EXPOSURE AND SHAREHOLDER RIGHTS

AC IMMUNEûWRAPPEDûUPûTHEûlRSTûPARTûOFûITSû
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COMPANYûDIDûNOTûDISCLOSEûTHEûLEVELûOFû

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SHAREû

RIGHTSûISSUEûnûAûRARITYûFORûAû.ASDAQ

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HOURSûFROMû4UESDAYSûPMûLAUNCHûITûWASû

PRESENTEDûASûANû!""ûTOûINSTITUTIONS

Pricing was set following the day-long

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SHAREû

CAPITALûINCREASEûTOûBALANCEûTHEûNEEDûTOû

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SHAREHOLDERûRIGHTS

!ûM

SHAREûSECONDûRIGHTSûISSUEûWITHûAû

ONE

WEEKûSUBSCRIPTIONûOPENEDûONû&RIDAYû

morning with shareholders able to subscribe

FORûONEûNEWûSHAREûFORûEVERYûûSHARESû

HELDûATûTHEûSAMEû53ûPRICE

Jefferies, Leerink Partners and UBS ran the

ACCELERATEDûBOOKBUILDlRSTûRIGHTSûISSUE

UK

LONDON GETS ADDED GRIT

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!FRICANûREALûESTATEûINVESTORûGRIT REAL

ESTATE INCOME GROUP is adding a London listing

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OFFERINGûUPûTOûMûSHARES

'RITûSAIDûTHATûPROCEEDSûFROMûTHEû,ONDONû

listing would be used to acquire assets in

'HANAûANDû-OZAMBIQUEûINCLUDINGûAûû

STAKEûINûAû'HANAûCOMPLEXûFORû53MûANDû

ANûûSTAKEûINûTHEûOWNERûOFûAûRESIDENTIALû

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4HEû%02!û.!6ûPERûSHAREûASûATû-ARCHûû

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TARGETûDIVIDENDûINûRELATIONûTOûTHEûSIXûMONTHSû

ENDEDû*UNEûûOFû53ûPERûSHARE

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PLACINGûAGENTûWITHûBaden Hill, and PSG Capital

ISûPLACINGûAGENTûINû3OUTHû!FRICA

FUTURE TO FUND B2C BUY WITH £105.7m

RIGHTS ISSUE

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BUSINESSûOFû53ûDIGITALûMEDIAûPUBLISHERû0URCHû

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FULLûYEARûOFûOWNERSHIP

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UNDERWRITINGûFEE

HAYS SELLDOWN COMPLETES BUT

CHARTER COURT CANCELS

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recruitment agency HAYS

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SERVICESûONûBEHALFûOFûHEDGEûFUNDû%LLIOTTû