3 Companies Rising on Good News for Friday 28th April 2023
Episode 1375, Apr 28, 2023, 09:27 AM
3 Companies Rising on Good News for Friday 28th April 2023
1. Numis Corporation #NUM - Recommended Cash Offer
The Board of Numis and the Management Board of Deutsche Bank are pleased to announce that they have reached agreement on the terms of a recommended all-cash offer by Deutsche Bank for Numis.
Under the terms of the Transaction, Numis Shareholders will be entitled to receive:
350 pence for each Numis Share valuing Numis at approximately £410 million.
2. Pensana Plc #PRE - Major shareholders to increase holdings in the Company
Pensana is pleased to announce two of the Company's long standing and major shareholders M&G Investment Management and the Angolan Sovereign Wealth Fund have agreed to invest a further US$10 million in aggregate in the Company which will increase their combined holdings to 38.6%.
3. Bens Creek Group #BEN - Coal sales and delivery update
Bens Creek announces that it has completed the delivery, via four trains, of circa 44,000 tonnes of coal to the largest steel producer in India. The coal has been delivered to a ship berthed at the Port of Norfolk.
This order, through the Company's offtake partner, Integrity Coal Sales Inc., is part of a larger order to be completed by the end of July 2023. The customer has, post July of this year, the right to order further coal of up to double the current order and the Company is confident the customer will do so.
1. Numis Corporation #NUM - Recommended Cash Offer
The Board of Numis and the Management Board of Deutsche Bank are pleased to announce that they have reached agreement on the terms of a recommended all-cash offer by Deutsche Bank for Numis.
Under the terms of the Transaction, Numis Shareholders will be entitled to receive:
350 pence for each Numis Share valuing Numis at approximately £410 million.
2. Pensana Plc #PRE - Major shareholders to increase holdings in the Company
Pensana is pleased to announce two of the Company's long standing and major shareholders M&G Investment Management and the Angolan Sovereign Wealth Fund have agreed to invest a further US$10 million in aggregate in the Company which will increase their combined holdings to 38.6%.
3. Bens Creek Group #BEN - Coal sales and delivery update
Bens Creek announces that it has completed the delivery, via four trains, of circa 44,000 tonnes of coal to the largest steel producer in India. The coal has been delivered to a ship berthed at the Port of Norfolk.
This order, through the Company's offtake partner, Integrity Coal Sales Inc., is part of a larger order to be completed by the end of July 2023. The customer has, post July of this year, the right to order further coal of up to double the current order and the Company is confident the customer will do so.