Today's corporate news is largely dominated by M&A disclosures, with Beazley PLC issuing a Rule 2.9 announcement suggesting potential deal activity, while Treatt PLC confirmed it is an offeree in a takeover bid. Further M&A movement was noted as Quilter PLC filed a Form 8.3 disclosure related to a potential offer involving LondonMetric Property and Schroder Real Estate Investment Trust. Separately, R8 Capital Investments PLC announced the suspension of its shares from the London Stock Exchange due to delayed FY25 results, concurrently pursuing an urgent conditional fundraising of at least £500,000 via convertible loan notes.
R8 Capital Investments MODE announced the temporary suspension of its ordinary shares from the London Stock Exchange's Official List, effective today, citing a delay in publishing its FY25 results. The company anticipates releasing these results by the end of June, after which it plans to seek a lifting of the suspension. Concurrently, R8 Capital Investments has entered non-binding, conditional heads of terms for a proposed fundraising. This aims to secure at least £500,000 through the issuance of convertible loan notes to certain investors, with completion targeted for 11 May 2026.
Beazley BEZ, the specialist insurer, confirmed its total number of voting rights and shares in issue in a Rule 2.9 announcement, as required by the City Code on Takeovers and Mergers. As of the close of business on 1 May 2026, the company reported 601,460,890 ordinary shares of 5 pence each in issue, with no shares held in treasury. This disclosure typically signals a company's involvement as an offeree in a takeover situation, indicating potential M&A interest.
Treatt TET, the provider of natural extracts and ingredients, has formally declared itself an 'offeree' in a public opening position disclosure under the Takeover Code. This announcement confirms that the company is currently the target of a takeover offer, requiring all parties involved to disclose their positions and dealings. The disclosure provides key information on the company's share capital ahead of any further developments in the acquisition process.
Quilter QLT, an investment company, published a Form 8.3 disclosure regarding LondonMetric Property and Schroder Real Estate Investment Trust, identifying them as part of a consortium. This public opening position disclosure indicates that these prominent property companies are subject to, or involved in, a potential offer or merger. The filing details Quilter's interests and short positions in the relevant securities, signaling significant M&A activity within the real estate investment trust sector.