Supermarket Income REIT (LON:SUPR) confirmed it is in discussions to acquire a portfolio of assets via a sale and leaseback transaction with a major grocery operator. The trust earlier reported that it received 100% of rents due in the June 2020 quarter renewal.
Bahamas Petroleum Company PLC (LON:BPC) told investors that it has completed the administrative formalities to set up its Bahamian mutual fund and is ready to start the drilling of the Perseverance #1 well between December and next February.
Zanaga Iron Ore Company Ltd (LON:ZIOC) told investors it has entered a subscription agreement with Shard Merchant Capital, under which some 21mln shares will be issued in up to three tranches.
Amur Minerals Corporation (LON:AMC) said it is expecting “some high value outputs” in 2020 after the mineral explorer reported narrowed losses in its 2019 financial year.
PowerHouse Energy Group PLC (LON:PHE) said a shareholder proxy vote will take place July 14 to decide whether to allow the company to issue the 1,437,440,277 shares to acquire Waste2Tricity Limited, a specialist solutions provider to the energy-from-waste sector. Chairman William Davies has sent a letter to shareholders that includes the background to and reasons for the acquisition, a copy of which will be available on the company’s website, www.powerhouseenergy.net.
FastForward Innovations Ltd (LON:FFWD) is proposing a more balanced approach to its investment policy in regard to the maturity of the companies invested in, which it said will “provide greater flexibility and the ability to generate shorter term returns for shareholders”. This will be one of the issues up for approval at the company’s annual shareholder meeting, as well as whether the board can issue up to 100% of the current issued share capital.