GROSSBRITANNIEN

Edison issues outlook on Greggs (GRG): Showing us how it’s done

Retrieved on: 
Wednesday, April 10, 2024
EV, DCF, WACC, Security (finance)

The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment.

Key Points: 
  • The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment.
  • Unlike many consumer-facing companies, high selling price inflation was accompanied by volume growth, leading to good market share gains.
  • The consumer is responding well to new initiatives to grow revenue in new dayparts and digital channels.
  • We look for more of the same in FY24, which will be a significant year from a capital investment perspective, and beyond.

Superdry plc: Director/PDMR Shareholding

Retrieved on: 
Wednesday, April 10, 2024
Name, Trustee, SIP, Common stock, Customs

On 14 March 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).

Key Points: 
  • On 14 March 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy shares in the Company of 5 pence each (Ordinary Shares), using deductions from salary in each calendar month (Partnership Shares), and receive allocations of matching free Ordinary Shares (Matching Shares).
  • Details of the number of Partnership Shares purchased by the PDMRs at a price of £0.301 per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustees to the PDMRs for no consideration, are set out against their names in the table below.

One Heritage Group plc: Interim report for the six months ended 31 December 2023

Retrieved on: 
Wednesday, April 10, 2024
Corporate bond, Growth, Heritage, Sale, Victoria Road, Housing, Hand, Shareholder

One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, announces its half year results for the six months ended 31 December 2023.

Key Points: 
  • One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, announces its half year results for the six months ended 31 December 2023.
  • Revenue of £9.15m (H1 FY23 for the six month period to 31 December 2022: £5.75m).
  • Commencement of construction for 24 houses at Victoria Road, Eccleshill, West Yorkshire, the Group’s first new build housing project.
  • A revision of the Shareholder loan agreement extending terms to 31 December 2025 with the option to extend for a further 36 months.

Renewi plc: Block Listing Interim Review

Retrieved on: 
Wednesday, April 10, 2024

Balance of unallotted securities under scheme(s) from previous return:

Key Points: 

Balance of unallotted securities under scheme(s) from previous return:
Equals: Balance under scheme(s) not yet issued/allotted at end of period:

Form 8.3 - Apex Fundrock Limited : Re Equals Group plc

Retrieved on: 
Wednesday, April 10, 2024
Disclosure

(a) Full name of discloser:

Key Points: 
  • (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Holding(s) in Company

Retrieved on: 
Wednesday, April 10, 2024

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

Key Points: 

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

Edison issues update on BlackRock Latin American IT (BRLA): Worthy allocation as part of a global portfolio

Retrieved on: 
Wednesday, April 10, 2024
Policy, BlackRock, NAV

BlackRock Latin American Investment Trust’s (BRLA’s) lead manager Sam Vecht and deputy manager Christoph Brinkmann remain optimistic about the prospects for the region.

Key Points: 
  • BlackRock Latin American Investment Trust’s (BRLA’s) lead manager Sam Vecht and deputy manager Christoph Brinkmann remain optimistic about the prospects for the region.
  • Interest rates are coming down as Latin American central banks have been more proactive than those in developed markets in raising interest rates to combat higher inflation, which should be supportive for economic growth and asset prices.
  • Latin America has remained relatively isolated from global geopolitical conflict, enabling trade with both eastern and western nations.
  • The region has been overlooked by global investors, which has led to very attractive valuations on both absolute and relative terms.

Funding Circle Plc: POS-Transaction in Own Shares

Retrieved on: 
Wednesday, April 10, 2024
The Company, London Stock Exchange, FCA, Share repurchase, Retained firefighter

Funding Circle Holdings plc (the "Company") announces that it has purchased for cancellation the following number of its ordinary shares of £0.001 each on the London Stock Exchange from Numis Securities Limited (“Deutsche Numis”) as part of its buy-back announced on 7 March 2024:

Key Points: 
  • Funding Circle Holdings plc (the "Company") announces that it has purchased for cancellation the following number of its ordinary shares of £0.001 each on the London Stock Exchange from Numis Securities Limited (“Deutsche Numis”) as part of its buy-back announced on 7 March 2024:
    Number of ordinary shares purchased:
    Highest price paid per share:
    Lowest price paid per share:
    Volume weighted average price paid per share:
    The Company intends to cancel all of the purchased ordinary shares.
  • Following the cancellation of the repurchased shares, the Company's issued share capital will consist of 358,313,191 ordinary shares with voting rights.
  • There are no ordinary shares held in Treasury.
  • The above figure (358,313,191) may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Holding(s) in Company

Retrieved on: 
Wednesday, April 10, 2024
TAO, Partner

Lullange Partners, S.C.Sp and its general partner Lullange GP, S.à r.l.

Key Points: 
  • Lullange Partners, S.C.Sp and its general partner Lullange GP, S.à r.l.
  • are each owned (i) 36.84% by TAO Finance 3, LLC, which is controlled by its manager, Sixth Street TAO GenPar, L.P., (ii) 15.31% by Sixth Street Specialty Lending Europe II, L.P., which is controlled by its general partner, Sixth Street Specialty Lending Europe GenPar II, L.P., and (iii) 47.85% by Redwood IV Finance 3, LLC, which is controlled by its manager, Sixth Street Opportunities GenPar IV, L.P..
    Each of foregoing entities are ultimately indirectly controlled by Sixth Street Partners Management Company, L.P. Sixth Street Partners Management Company, L.P. is managed by its general partner, whose managing member is Alan Waxman.
  • Mr. Waxman disclaims beneficial ownership of the shares that are the subject of this notification except to the extent of his pecuniary interest therein.

Funding Circle Plc: POS-Transaction in Own Shares

Retrieved on: 
Wednesday, April 10, 2024
The Company, London Stock Exchange, FCA, Share repurchase, Retained firefighter

Funding Circle Holdings plc (the "Company") announces that it has purchased for cancellation the following number of its ordinary shares of £0.001 each on the London Stock Exchange from Numis Securities Limited (“Deutsche Numis”) as part of its buy-back announced on 7 March 2024:

Key Points: 
  • Funding Circle Holdings plc (the "Company") announces that it has purchased for cancellation the following number of its ordinary shares of £0.001 each on the London Stock Exchange from Numis Securities Limited (“Deutsche Numis”) as part of its buy-back announced on 7 March 2024:
    Number of ordinary shares purchased:
    Highest price paid per share:
    Lowest price paid per share:
    Volume weighted average price paid per share:
    The Company intends to cancel all of the purchased ordinary shares.
  • Following the cancellation of the repurchased shares, the Company's issued share capital will consist of 360,954,732 ordinary shares with voting rights.
  • There are no ordinary shares held in Treasury.
  • The above figure (360,954,732) may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.