Vodafone Group is divesting its VodafoneZiggo stake to streamline its portfolio, as Boohoo Group plans a £35 million fundraise to bolster its balance sheet. Spire Healthcare extended its M&A deadline amid ongoing takeover discussions, while Kefi Gold and Copper celebrated a significant operational milestone with the groundbreaking of its Tulu Kapi Gold Project. Additionally, Satsuma Technology saw a director resign following shareholder action, Everest Global amended convertible loan note terms for financial flexibility, and an associate of a Jet2 director conducted a notable share disposal.
Vodafone Group VOD has announced the sale of its 50% interest in VodafoneZiggo Group Holding to Liberty Global. The transaction, valued at €1.0 billion in cash, also includes a 10% shareholding for Vodafone in a newly formed Benelux entity that will combine VodafoneZiggo and Liberty Global's Belgian subsidiary, Telenet. This strategic move aims to simplify Vodafone's portfolio and offers potential for further value creation through the new Ziggo Group's planned Euronext Amsterdam listing in 2027. Vodafone will also provide brand licensing and other services to VodafoneZiggo, generating an additional €625 million over ten years.
Boohoo Group DEBS announced a proposed fundraise aiming to raise approximately £35 million. This follows a previous announcement regarding market speculation and a planned fundraise. The company indicated strong indicative demand from investors for this issue of venture ordinary shares, alongside an increased over-allotment facility. This capital injection is expected to provide financial support and flexibility for the online fashion retailer.
Kefi Gold and Copper KEFI reported a significant milestone with a groundbreaking ceremony for its Tulu Kapi Gold Project in Ethiopia. The event, which formally marked the start of construction, saw attendance from high-ranking government officials including the Prime Minister of Ethiopia. This development is crucial for the project, signifying tangible progress in its development and the commencement of the livelihood restoration and development programme for local communities.
Spire Healthcare Group SPI confirmed an extension to the deadline for Bridgepoint Advisers and Triton Investment Advisers to either announce a firm intention to make an offer or state that they do not intend to do so. The new 'PUSU Deadline' has been moved from 21 February 2026, indicating continued discussions and due diligence regarding a potential acquisition. This development maintains market interest in the company's strategic review process.
Satsuma Technology SATS announced the immediate resignation of director Andrew Smith, effective today. This departure comes as a direct result of discussions following a requisition notice to convene a general meeting aimed at terminating his appointment. Andrew Smith's duties will be assumed by Scott Kaintz, who will not immediately join the Board. The announcement highlights internal governance issues stemming from shareholder concerns.
Everest Global EVST announced an amendment to the terms of £552,163 in convertible loan notes, extending their maturity date to 31 March 2028. These notes are held by Golden Nice International Group, a related party. This extension is critical as it avoids the need for immediate repayment or conversion, which would have granted the related party a controlling interest in Everest Global, circumventing UK Takeover Code implications. The move provides the company with additional financial breathing room.
A legal entity closely associated with George Pavlos Leventis, a Non-Executive Director of Coca-Cola HBC, disclosed the sale of 197,435 ordinary shares. This transaction, executed by trustena gmbh as successor trustee of Mervail Company (PTC) Ltd, represents a significant disposal of indirect insider holdings, with the shares valued at approximately £47.51 each. Such a substantial sale by an entity linked to a director could draw investor attention regarding internal sentiment or portfolio management strategies.