On 26 June 2020 the Corporate Insolvency and Governance Act 2020 (CIGA) came into force after a rapid passage through all Parliamentary stages, in a little over a month. The objective of CIGA is to help UK companies and similar entities to continue to trade during the current worldwide pandemic and to avoid insolvency. CIGA […]
Fladgate LLP has advised Galileo Resources plc on its placing of 112,500,000 ordinary shares to raise £900,000 before expenses. The placing comprised 54,562,500 new Ordinary Shares (Firm Placing Shares) and 57,937,500 new Ordinary Shares (Conditional Placing Shares) to be allotted and issued subject to Shareholder approval at Galileo’s General Meeting, taking place today, 18 June […]
The Corporate Insolvency and Governance Bill (CIGB) will, when passed, introduce several well-publicised changes to the law relating to insolvency and general meetings, but there is one proposed change which deserves greater attention. To read more click here.
Introduction On 20 May 2020, the Corporate Insolvency and Governance Bill (Bill) started its passage through Parliament, with the second reading expected to take place on 3 June 2020. The objective of the Bill is to help UK companies and similar entities to continue to trade during the current worldwide pandemic and to avoid insolvency. […]
On 8 April 2020 the FCA announced a series of measures aimed at assisting companies to raise new share capital in response to the coronavirus crisis while retaining an appropriate degree of investor protection. Many quoted companies will be seeking to raise finance for their business during the coronavirus crisis and so will be considering […]
The good corporate governance practice of shareholders coming to AGMs to engage with the board of their company seems to be in direct contradiction to the new law prohibiting meetings of more than two people. However, with a little foresight this problem can be managed. Corporate partner, Nigel Gordon, explains what steps can be taken […]
Fladgate has advised Jubilee Metals Group Plc, the AIM and Alt-X traded metals processing company, on its latest oversubscribed equity placing of 162,208,900 new ordinary shares in the company, raising a total of £6.49 million. The proceeds of the placing will be used towards the completion of the acquisition of rights to the chrome and […]
Fladgate has advised an international private consortium on the purchase of the entire share capital of GoldBlue Ltd, subsidiary of the NGM Nordic MTF listed GoldBlue AB (GOLDB MTF). GoldBlue AB is a Swedish iGaming holding company which focuses on emerging markets. GoldBlue Ltd, the acquired company, which ultimately owns all of GoldBlue AB’s significant […]
Fladgate is delighted to maintain a Band 1 ranking in the 2020 Chambers UK guide for the Corporate M&A: Lower Mid-Market category. Grant Gordon, Head of Corporate, said: “The team is delighted once again to receive this recognition by Chambers, which is a significant endorsement of our approach, our professionalism and the strong relationship we […]
Fladgate is delighted to be ranked Tier 1 in the 2019 edition of Legal 500 in the M&A: Deals Up To £50m. Grant Gordon, Head of Corporate, said: “we are very pleased once again to receive this recognition by Legal 500, which is a significant endorsement of our work, our professionalism and the strong relationship […]
Fladgate advised leading securities firm Cenkos on the placing for the listed exploration company 88 Energy Limited in both the UK and Australia, which was implemented by way of an accelerated bookbuild. 88 Energy is an exploration company currently exploring onshore Alaska in a prolific liquids-rich area. The proceeds of the Placing, together with 88 […]
Fladgate was pleased to act for KCR Residential REIT plc on the subscription by private equity fund, Torchlight for 9 million ordinary shares for a total subscription of £4.05m and the grant of an option to subscribe for an additional 50 million ordinary shares. KCR intends to consolidate its presence in the UK and to […]
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