ESKN.L Share News (ESKN)

TRADING UPDATES: Sareum ups retail offer; SThree nabs former ITV exec

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UPDATE: Esken in administration as restructuring no longer "viable"

Esken Ltd - London-based provider of infrastructure, aviation and energy services - Clare Kennedy, Daniel Imison and Catherine Williamson of AlixPartners UK LLP appointed as joint administrators.

Esken to enter administration as restructuring no longer "viable"

(Alliance News) - Esken Ltd shares were suspended on Thursday as the company announced its intention to appoint administrators.

IN BRIEF: Esken shares crash as debt deals mean de-listing, wind down

Esken Ltd - London-based infrastructure, aviation and energy services provider - Agrees to recapitalisation proposal between its subsidiary, London Southend Airport Co Ltd, and Carlyle Global Infrastructure Fund and Cyrus Capital Partners, just a day after announcing an extension of the deadline for acceding. Esken also agrees to a restructuring plan for GBP53.1 million debt with Cyrus, its main bond holder. As a result of the two agreements, which will turn debt into equity, Esken's stake in London Southend Airport will fall to 17.5%, while Carlyle will have 82.5%, and Esken will be delisted from the London Stock Exchange as part of an orderly wind down of the company. Esken warns that any return to shareholders at the end of this process is likely to be "negligible".

IN BRIEF: Esken announces undefined extension for need to accede

Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Says an extension has been agreed to the date by which it would need to accede to the recapitalisation proposal between its subsidiary, London Southend Airport Co Ltd, Carlyle Global Infrastructure Fund, and Cyrus Capital Partners. Carlyle alleges a technical breach by LSA with respect to the convertible loan agreement entered into between LSA and CGI. Esken back in January said it was confident that LSA had a robust position in relation to the CGI claim. Carlyle alleges a technical breach by LSA with respect to the convertible loan agreement entered into between LSA and CGI. Esken back in January said it was confident that LSA has a robust position in relation to the CGI claim. LSA in January had been notified that CGI is alleging a number of further breaches and issued an acceleration notice demanding repayment of the loan in the amount of GBP193.8 million.

Restructure could see Esken lose control of Southend Airport

(Sharecast News) - The company formerly known as Stobart Group could give up control of London's least-busy commercial airport, it emerged on Monday, as part of a possible restructuring with creditors.

Esken stake in London Southend could be in minority under proposal

(Alliance News) - Esken Ltd on Monday said that its subsidiary London Southend Airport Co Ltd negotiated a recapitalisation proposal with Carlyle Global Infrastructure Fund which will be funded by CGI and Cyrus Capital Partners.

TRADING UPDATES: Esken's Southend Airport faces further allegations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

London Southend Airport lender Carlyle demands faster loan repayment

LONDON, Jan 23 (Reuters) - Esken, the owner of London Southend Airport, is facing demands by a Carlyle fund to repay an outstanding convertible loan four years before its maturity date, the group said on Tuesday.

London Southend Airport lender Carlyle demands accelerated loan repayment in legal dispute

LONDON, Jan 23 (Reuters) - Esken, the owner of London Southend Airport, is facing demands by a Carlyle fund to repay an outstanding convertible loan four years before its maturity date, the group said on Tuesday.

IN BRIEF: Esken shares rise as completes Esken Renewables disposal

Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Completes disposal of Esken Renewables Ltd. Pioneer Balmoral UK is a vehicle fully owned and funded by the sustainable infrastructure fund Pioneer Infrastructure Partners SCSp, managed by Pioneer Point Partners LLP. In early November, Esken proposed the disposal of Esken Renewables to Pioneer Balmoral UK Ltd for net proceeds of around GBP78.5 million.

EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Esken disposal nears completion; intends to transfer listing category

Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Reports all resolutions at the general meeting held today were passed. Expects completion of the disposal of Esken Renewables Ltd will occur on or about December 1. Further, intends to transfer listing category from the premium listing segment to the standard listing segment of the Official List and the Main Market of the London Stock Exchange on December 22. In early November, Esken proposed the disposal of Esken Renewables to Pioneer Balmoral UK Ltd for net proceeds of around GBP78.5 million.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Aurrigo shares plummet on GBP3.5 million placing news

Aurrigo International PLC - Coventry, England-based autonomous and semi-autonomous vehicle technology provider - Proposes placing of at least 3.5 million new shares at 100 pence each, to raise a minimum of GBP3.5 million. The price is a 32% discount to Tuesday's closing price. Also intends to raise further proceeds through separate retail offer to existing shareholders at the same price, so retail investors can participate in Aurrigo's fundraising plans. Company is permitted to issue a maximum of 4.2 million shares in total.