Small caps round up: Capital & Regional, Formation, ILX...
Dec 14, 2009
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Property asset manager Capital & Regional announced that the Junction Fund has sold Kittybrewster Retail Park in Aberdeen and Slough Retail Park to Fund Managers Threadneedle Property Investments for a price of £81.74m. Capital & Regional has an interest of 13.4% in the Junction Fund.
Shares in property management group Formation climbed after it said a settlement had been reached over £32.9m in outstanding funds relating to a property development above the Aldgate East London Underground station.
Shares in ILX Group fell back after the business education and training company announced a £1m placing.
It will issue 4.07m shares at 25p each to strengthen the company's balance sheet and provide working capital to fund the future growth of its business.'
Shares in Range Resources are sharply lower following the oil and gas explorer's announcement that it had reached agreement on revenue sharing for drilling operations in Somalia and reported encouraging progress in its drilling in the former Soviet state of Georgia
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