Aisi Realty Public (AISI): The board of direct property fund Aisi Realty Public has decided to delay its capital reorganisation plans. Aisi Realty Public announced its plans earlier this month with the intention of raising its share price, which has been trading at a hefty discount of over 90% to its NAV. Until the capital reorganisation takes place, trading in the ordinary shares will remain suspended on AIM. After the reorganisation, Aisi Realty Public will trade with a new ISIN CY0102102213 and a new SEDOL B6WC674.
Dexion Equity Alternative (DEA): BNP Paribas Arbitrage has increased its stake in the hedge fund Dexion Equity Alternative by 1% to over 10%, strengthening its position as the fourth largest shareholder. Over 60% of shares in Dexion Equity Alternative are held by just four shareholders.
Duet Real Estate Finance (DREF): Following the announcement made at the beginning of the month about possible intentions to raise additional capital, Duet Real Estate Finance has now confirmed it will proceed with its plan. Its target is to raise more than £25 million. All proceeds will be invested in the European Real Estate Debt Fund - the master fund. The company will issue new ordinary shares, which should commence trading in late August.
Henderson EuroTrust (HNE): Lloyds Banking Group has decreased its stake in Henderson EuroTrust twice within the last week by almost 3% altogether, taking it to less than 8%. It has been selling its shares on a regular basis since October 2010, at which time it held almost 16% in the company. With almost 8% it is still the fourth largest shareholder.
Indian Energy Limited (IEL): The boards of Infrastructure India and Indian Energy Limited have agreed on a recommended share offer, following Infrastructure India’s plans to acquire Indian Energy Limited, although the decision is subject to shareholders’ approval. If approved, IEL Shareholders will receive 100 IIP Shares for every 259 IEL Shares. The court meeting and extraordinary general meetings will take place in September.
South African Property Opps (SAPO): Principal Capital has decreased its stake in South African Property Opps by over 3% to a little over 14%; Principal Capital is still the largest shareholder of the company. South African Property currently trades at a discount of almost 40% to its NAV, which is in line with its 12 months’ average discount.