We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Firstgroup Plc | LSE:FGP | London | Ordinary Share | GB0003452173 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.70 | 1.00% | 172.50 | 172.30 | 172.50 | 172.80 | 170.00 | 172.40 | 642,728 | 16:35:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Local And Suburban Transit | 4.92B | 87.1M | 0.1313 | 13.12 | 1.14B |
FIRSTGROUP PLC
SOUTH WESTERN RAIL FRANCHISE COMPETITION
First MTR South Western Trains Limited, a joint venture between FirstGroup plc (the ‘Group’) subsidiary First Rail Holdings Limited (‘FRH’) and MTR Corporation (UK) Limited (‘MTR UK’), has today submitted a bid to the Department for Transport in respect of the South Western rail franchise.
The two shareholders have also entered into a joint venture agreement governing First MTR South Western Trains Limited, which amongst other terms provides that, in the event of a default by either shareholder, the other shareholder will have the right to acquire the defaulting shareholder's shares for fair value, such amount not being subject to any cap. As a consequence and by application of Chapter 10 of the Listing Rules (in particular paragraph 5R (3A) of Annex 1 to Chapter 10), the Group is required to comply with Listing Rule 10.4.1. In compliance with that obligation, the Group provides the following information: under the joint venture terms FRH holds 70% of the equity in First MTR South Western Trains Limited and MTR UK holds the remaining 30%, with MTR UK acquiring its shares from FRH for an aggregate consideration of £30, which has been satisfied from MTR UK's existing financial resources. First MTR South Western Trains Limited has no trading history and has gross assets of £100.
Further information, FirstGroup plc:
Faisal Tabbah, Head of Investor Relations
Tel: +44 20 7725 3354
Copyright er 7 PR Newswire
1 Year Firstgroup Chart |
1 Month Firstgroup Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions