On Wednesday 27 June Thekla Fellas appeared in her second case before the Upper Tribunal under the new Code. Fladgate LLP instructed Zia Bhaloo QC, of Landmark Chambers to act on behalf of the Respondents, Shaen Catherwood instructed by DWF acted for the Claimants EE and H3G. During a case management hearing before Martin Rodger […]
Fladgate advised AIM listed Caspian Sunrise plc on the acquisition of Kazakh company 3A Best Group JSC, for a consideration of US$24 million to be satisfied in shares. 3A Best holds an oil and gas licence covering 1,347km2 close to the Caspian port city of Aktau. Completion is subject to the satisfaction of certain conditions including […]
Fladgate advised Angus Energy plc on the issue of an unsecured zero coupon convertible note to Bergen Global Opportunity Fund, LP with a nominal value of £3,390,000. The net proceeds of £3 million completed the financing to acquire a 25% interest in, and the operatorship of, the Balcombe licence (PEDL244), from Cuadrilla Balcombe Limited and Lucas […]
Fladgate have advised Fore Fitness on the sale of 13 easyGym sites to The Gym Group. The initial consideration is £20.6m, with an additional £4.1m payable when lease extensions are agreed on two sites. Fore Fitness is to focus its operations on the easyGym franchise model going forward. The deal was completed within an intense […]
Fladgate advised TSX and NASDAQ listed TransGlobe Energy Corporation, an independent international oil and gas company with exploration and production operations in Egypt and Canada, on its introduction to AIM. The company’s full year average production guidance for 2018 is between 14,200 and 15,600 barrels of oil per day. TransGlobe will be the first AIM […]
Fladgate LLP acted for an associated entity of BYM Capital in respect of its corporate restructuring and subsequent entry into a £59.8 million loan provided by Pluto Finance for the refinancing of the client’s acquisition of New Horizons Court in Brentford and its development from office use into residential accommodation comprising 271 private residential apartments. […]
Fladgate has advised Main Market listed WideCells Group Plc on its £2m placing and the publication of a related prospectus. The financing will be used to provide working capital for the group and for the expansion and development of the WideCells, CellPlan and Wideacademy brands and products. WideCells is a healthcare services company focused on providing stem […]
Fladgate has advised AIM listed Audioboom Group Plc on its placing and subscription to raise £4.5m and the conversion of £1.5m of convertible loan notes held by Candy Ventures SARL. Proceeds will be used towards enhancing general working capital; expanding relationships with Spotify, Apple Podcasts, GooglePlay and CastBox; and funding growth and increasing revenue margins across […]
The first hearing under the new Electronic Communications Code took place yesterday before Martin Rodger QC, the Deputy Chamber President of the Upper Tribunal (Lands Chamber). The hearing concerned an application by CTIL for an Interim Code Agreement to install equipment onto the rooftop of a hotel in Paddington. Wayne Clark of Falcon Chambers, instructed […]
Fladgate advised Cenkos Securities plc on the English elements of an offering (in the UK and Australia) to raise AUD 17 million for 88 Energy by way of a placing. The placing was implemented by an accelerated bookbuild. 88 Energy has a 63% working interest and operatorship in approximately 342,000 acres onshore on the prolific […]
Fladgate has advised the shareholders of M25 Business Centres Ltd on its sale to BizSpace. M25 Business Centre, which is located in Waltham Abbey, Essex, totals 55,000 sq ft across four storeys with office space ranging from 90 sq ft to 2,454 sq ft. The property also includes meeting rooms, break out areas and executive […]
Fladgate LLP acted for Flora Developments Limited, a subsidiary of ABIL Infraprojects Limited, India which is a large Indian construction, real estate development and hospitality company, for the acquisition of prime real estate in Central London known as Griffin House, 5/6 Strand, London WC2N 5HR for a purchase price of £92.5 million. The property currently […]
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