Travis Perkins

Travis Perkins plc - Investor Update

Retrieved on: 
Wednesday, September 29, 2021
Environment, Group, BST, Travis Perkins, COVID-19, Webcast, Construction, Broadcasting, Security (finance)

Today, the Travis Perkins plc management team is hosting an investor update in London.

Key Points: 
  • Today, the Travis Perkins plc management team is hosting an investor update in London.
  • Having negotiated the challenges of the Covid-19 pandemic, the Group is extremely well positioned and looking forward to the future.
  • Copies of the presentation and webcast will be available on the Travis Perkins Investor Relations website following the event.
  • Any investors who wish to attend the event in person but have yet to register should contact the Travis Perkins Investor Relations team as detailed below.

Travis Perkins plc - Satisfaction of P&H Disposal Condition, Commencement of Share Buy-Back Programme and Payment of Special Dividend

Retrieved on: 
Tuesday, September 21, 2021
DRIP, Special dividend, Intention, Initial, Commencement, Board, AGM, Company, Perkins, H.I.G. Capital, Share repurchase, Payment, Travis Perkins, Marketing, Ridesharing company, Holding company

Travis Perkins plc - Satisfaction of P&H Disposal Condition, Commencement of Share Buy-Back Programme and Payment of Special Dividend

Key Points: 
  • Travis Perkins plc - Satisfaction of P&H Disposal Condition, Commencement of Share Buy-Back Programme and Payment of Special Dividend
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Satisfaction of P&H Disposal Condition,
    On 20 May 2021, Travis Perkins plc ("Travis Perkins" or the "Company") announced the disposal of its Plumbing & Heating distribution business to an affiliate of H.I.G.
  • Travis Perkins will distribute the net proceeds of the P&H Disposal to shareholders through a combination of a special dividend and a share buyback programme.
  • Travis Perkins will pay a special dividend of approximately 79m in aggregate, representing 35 pence per ordinary share (the "Special Dividend").

Travis Perkins: Directorate Change

Retrieved on: 
Tuesday, August 3, 2021
Travis Perkins, Jasmine Whitbread, Jora, Perkins Restaurant & Bakery, Restaurants, Companies, Business

Pursuant to Listing Rule 9.6.11 Travis Perkins plc ("Travis Perkins" or the "Company") makes the following announcement:

Key Points: 
  • Pursuant to Listing Rule 9.6.11 Travis Perkins plc ("Travis Perkins" or the "Company") makes the following announcement:
    Jora Gill is appointed to the Company's Board as a Non-executive Director with effect from 4 August 2021.
  • Jora also currently serves as a non-executive director of the Care Quality Commission, a role he has held since 2016.
  • Commenting on Jora's appointment, Jasmine Whitbread, Chair of Travis Perkins said:
    "We are delighted to welcome Jora to the Travis Perkins team.
  • He brings valuable technology and digital experience and skills to the Board along with a strong commercial background and focus.

NOTICE TO NOTEHOLDERS - ADDITION OF GUARANTOR

Retrieved on: 
Tuesday, July 6, 2021
Contract law, Issuer, Guarantee, Trust deed, Travis Perkins, Companies of the United Kingdom, Economy, Companies

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Guaranteed Notes due 2026 guaranteed by certain subsidiaries of Travis Perkins plc (ISIN: XS2254262285, Common Code: 225426228) (the "Notes")
    Travis Perkins plc (the "Issuer") hereby announces that, on 30 June 2021, TP Property Company Limited (the "New Guarantor") acceded as a guarantor under the Issuer's Principal Bank Facility.
  • Henceforth references in the Notes and the Trust Deed to the Guarantors shall include the New Guarantor.
  • All words and expressions defined in the Trust Deed shall have the same meanings herein.

H.I.G. Capital to Acquire Travis Perkins Plc’s UK Plumbing & Heating Business

Retrieved on: 
Thursday, May 20, 2021
Banking, Other Retail, Professional services, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Retail, Other Professional Services, Building Systems, Finance, Home Goods, Interior design, Travis Perkins, XE-class submarine, Companies of the United Kingdom, Companies

Capital, LLC (\xe2\x80\x9cH.I.G.\xe2\x80\x9d), a leading global alternative investment firm with over \xe2\x82\xac36 billion of equity capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire Travis Perkins Plc\xe2\x80\x99s Plumbing & Heating business (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cP&H\xe2\x80\x9d), one of the UK\xe2\x80\x99s leading plumbing, heating, and bathroom related products specialist merchants.

Key Points: 
  • Capital, LLC (\xe2\x80\x9cH.I.G.\xe2\x80\x9d), a leading global alternative investment firm with over \xe2\x82\xac36 billion of equity capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire Travis Perkins Plc\xe2\x80\x99s Plumbing & Heating business (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cP&H\xe2\x80\x9d), one of the UK\xe2\x80\x99s leading plumbing, heating, and bathroom related products specialist merchants.
  • I look forward to building an even stronger business in the coming years.\xe2\x80\x9d\nMarkus Noe-Nordberg, Managing Director and Head of the H.I.G.
  • European Middle Market LBO team, which led the transaction, commented: \xe2\x80\x9cWe are thrilled to welcome the Plumbing & Heating business from Travis Perkins into the H.I.G.
  • Morgan Stanley is acting as financial advisor and Linklaters LLP as legal counsel to Travis Perkins Plc.\nH.I.G.

Travis Perkins plc - Disposal of Plumbing & Heating business

Retrieved on: 
Thursday, May 20, 2021
Financial markets, Corporate finance, Stock market, Finance, Wickes, Dividends, Travis Perkins, Focus DIY, Share repurchase, Special dividend, Mergers and acquisitions, Share, TRAVIS PERKINS, H.I.G. CAPITAL

b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nTravis Perkins plc today announces the disposal of its Plumbing & Heating distribution business ("P&H") to an affiliate of H.I.G.

Key Points: 
  • b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nTravis Perkins plc today announces the disposal of its Plumbing & Heating distribution business ("P&H") to an affiliate of H.I.G.
  • Capital, a leading global alternative investment firm, for cash consideration of \xc2\xa3325 million, on a debt-free, cash-free basis and subject to customary adjustments.
  • The transaction is expected to be completed within the next three months.\nAlongside the recent demerger of Wickes, the sale of P&H represents the completion of the Group\'s portfolio actions as outlined at the Capital Markets Day in December 2018.\nGiven the Group\'s strong balance sheet and robust liquidity position, Travis Perkins intends to return the net proceeds of the disposal to shareholders following completion of the transaction through a combination of a 35 pence per share special dividend and, subject to market conditions, a share buyback programme.\n"Today marks another important step on our journey to becoming a simplified Group, focused on our market leading trade businesses.
  • Gross assets at 31 December 2020 were \xc2\xa3580 million.\nMorgan Stanley & Co. International plc is acting as financial advisor to Travis Perkins plc in relation to the transaction.\n'

Travis Perkins plc - Directorate change

Retrieved on: 
Monday, May 10, 2021
Service companies, Companies of the United Kingdom, Companies, Aggreko, Travis Perkins, PricewaterhouseCoopers, Atkins

b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nAs part of its Board succession planning process and pursuant to Listing Rule 9.6.11 Travis Perkins plc ("Travis Perkins" or the "Company") makes the following announcement:\nHeath Drewett is appointed to the Company\'s Board as a Non-executive Director with effect from 11 May 2021.

Key Points: 
  • b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nAs part of its Board succession planning process and pursuant to Listing Rule 9.6.11 Travis Perkins plc ("Travis Perkins" or the "Company") makes the following announcement:\nHeath Drewett is appointed to the Company\'s Board as a Non-executive Director with effect from 11 May 2021.
  • On appointment, Heath will also join the Audit Committee of the Board.\nA Chartered Accountant, Heath has extensive experience in the engineering, leisure, transportation and industrial sectors having worked in a variety of roles for PwC, The Morgan Crucible Company, British Airways, WS Atkins plc and Aggreko plc.
  • Heath has significant public company experience having served as Group Finance Director of WS Atkins plc from 2009 - 2017 and operating in his current position as a director and Chief Financial Officer at Aggreko plc, a role he took on in 2018.\nCommenting on Heath\'s appointment, Jasmine Whitbread, Chair of Travis Perkins said:\n"We are delighted to welcome Heath to the Travis Perkins team.
  • His experience in the civil engineering and industrial equipment rental sectors is of particular value to the Company.

Travis Perkins: Director/PDMR Shareholding

Retrieved on: 
Wednesday, April 7, 2021
Companies, Equity securities, Public limited company, United Kingdom company law, Corporate finance, Travis Perkins, Share, Financial economics

Travis Perkins plc ("the Company") has been notified that the PDMRs listed below acquired ordinary shares of 10 pence each ('Shares') in the Company on 1 April 2021 at a share price of £15.4898 in accordance with the Company's non-executive director fee structure.

Key Points: 

Travis Perkins plc ("the Company") has been notified that the PDMRs listed below acquired ordinary shares of 10 pence each ('Shares') in the Company on 1 April 2021 at a share price of £15.4898 in accordance with the Company's non-executive director fee structure.

NOTICE TO NOTEHOLDERS - RELEASE OF GUARANTOR

Retrieved on: 
Friday, March 26, 2021
Law, Legal writing, Articles, Contract law, Financial markets, Legal documents, Issuer, Wickes, Guarantee, Travis Perkins, Trust deed, Deed

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Guaranteed Notes due 2023 guaranteed by certain subsidiaries of Travis Perkins plc
    Travis Perkins plc (the "Issuer") hereby announces that, on 23 March 2021, Wickes Building Supplies Limited (the "Released Guarantor") was released of its obligations as guarantor under the Issuer's Principal Bank Facility.
  • Accordingly (pursuant to Condition 2(e) of the Notes), the Released Guarantor has been released of all of its obligations as a Guarantor under the Notes and the Trust Deed dated 12 May 2016 relating to them (the "Trust Deed").
  • All words and expressions defined in the Trust Deed shall have the same meanings herein.

NOTICE TO NOTEHOLDERS - RELEASE OF GUARANTOR

Retrieved on: 
Friday, March 26, 2021
Law, Legal writing, Articles, Contract law, Financial markets, Legal documents, Issuer, Wickes, Guarantee, Travis Perkins, Trust deed, Deed

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Guaranteed Notes due 2026 guaranteed by certain subsidiaries of Travis Perkins plc
    Travis Perkins plc (the "Issuer") hereby announces that, on 23 March 2021, Wickes Building Supplies Limited (the "Released Guarantor") was released of its obligations as guarantor under the Issuer's Principal Bank Facility.
  • Accordingly (pursuant to Condition 2(e) of the Notes), the Released Guarantor has been released of all of its obligations as a Guarantor under the Notes and the Trust Deed dated 17 November 2020 relating to them (the "Trust Deed").
  • All words and expressions defined in the Trust Deed shall have the same meanings herein.