Insights: Linda Whittle

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Fladgate advises Opera Investments plc on acquisition, placing and admission to AIM

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Fladgate advised Opera Investments plc (now renamed Katoro Gold plc) on the acquisition of Kibo Gold Limited from AIM listed Kibo Mining plc for a total consideration of £3.66m, and the admission of the enlarged group to AIM.  The acquisition constituted a reverse takeover for Opera and provides Opera with ownership of the Imweru and Lubando gold […]

Fladgate advises Pan African Resources PLC on US$51m placing

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Fladgate LLP has acted for Pan African Resources PLC on a US$51m placing which was implemented by way of an accelerated bookbuild. Pan African Resources is an Africa-focused precious metals producer and is listed on AIM and on the Johannesburg Stock Exchange. The net proceeds of the placing will be used in conjunction with a […]

Fladgate advises PowerHouse Energy Group plc on placing

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Fladgate has advised AIM listed PowerHouse Energy Group plc on a £2.5m placing and loan note conversion.  The fundraising proceeds will largely be used to repay a loan note.  Additional funds raised in the placing will contribute towards the operating capital of PowerHouse. PowerHouse is focused on technologies relating to the G3-UHt System Ultra High Temperature […]

WideCells Group PLC joins London Stock Exchange’s Main Market

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Fladgate LLP has advised WideCells Group PLC, the health care services provider to the growing stem cell industry, on its entry to the Main Market of the London Stock Exchange, by way of a Standard listing on the Official List of the UKLA, following a successful £2m placing organised by Vicarage Capital Ltd and Shard […]

Fladgate advises on £50 million fundraising for Hummingbird Resources plc

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Fladgate has advised RFC Ambrian (as nominated adviser and joint broker) and Beaufort Securities (joint broker) on a £50 million placing and subscription for Hummingbird Resources plc. Hummingbird Resources is a West African multi project gold exploration and development company.  The funds raised will be used for the development of its Yanfolila gold project in Mali. […]

Fladgate advises Pan African Resources on £15.9m vendor placing

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Fladgate has advised Pan African Resources PLC in connection with its placing in the UK and South Africa to raise approximately £15.9 million. The money is being raised in connection with the proposed acquisition from Jadeite Limited (Jadeite) by Pan African of 33.0% of the issued share capital of Shanduka Gold Proprietary Limited (Shanduka Gold) which will, […]

The Eclairs v JKX case and “proper purpose” – the impact for directors


The Companies Act 2006 requires directors to use their powers only for the purposes for which they have been conferred, also known as for the “proper purpose”. The statute does not give any guidance as to what this duty requires of directors in practice, but a recent Supreme Court case, Eclairs Group Limited v JKX […]

Fladgate advises on European Metal Holdings Limited admission to AIM

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Fladgate LLP advised Beaumont Cornish as Nomad and UK broker on the admission to AIM of European Metal Holdings Limited (European Metals). European Metals is a specialty lithium exploration and development company. The Company’s wholly-owned subsidiary, Geomet s.r.o., owns mineral exploration licences for the Cinovec Project in the north of the Czech Republic. Keith Coughlan, Managing […]

The UK implements the remainder of the Transparency Directive Amending Directive changes


Summary of the changes On 26 November 2015, the UK completed the implementation of the Transparency Directive Amending Directive.  This has entailed amendments to the Financial Services and Markets Act 2000 (FSMA) and to the Disclosure and Transparency Rules (DTRs).  Key changes include: a new power for the Financial Conduct Authority (FCA) to apply to […]

Fladgate advises on sale of Kingston Heights Hotel for £13.5m

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Fladgate LLP advised on the sale of Kingston Heights Hotel, the final part of NHP Leisure Development’s mixed use riverside development in Kingston upon Thames, for £13.5m. There was a simultaneous sale of the management company which runs the innovative Open Loop Heat Pump System which provides heating to the development from the River Thames. Real […]

Fladgate advises hotel client Bashir Nathoo on property sale to Redefine International

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Fladgate LLP advised hotel client Bashir Nathoo on the sale of a former office building on Southwark Street, London SE1 which was converted and annexed (to provide further bedrooms) to an existing Holiday Inn Express hotel to Redefine International, the independent hotel management company. Corporate partner Julian Lewis advised the client with real estate partner […]

Fladgate advises shareholders on the sale of ISN Solutions Limited

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Fladgate LLP has advised the managers/shareholders of ISN Solutions Limited (ISN) on the sale of ISN to a new company backed and funded by private equity house Maven Capital for £6.1m. ISN is one of the UK’s leading specialist IT and communications consultancies working in the oil and gas sector. Two of the three founder […]