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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hampson Ind. | HAMP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 | 0.225 |
| Top Posts |
|---|
Posted at 19/11/2012 18:17 by tullynessle Hampson Industries PLC Cancellation of listingDate : 19/11/2012 @ 16:59 Source : UK Regulatory (RNS & others) Stock : Hampson Ind. (HAMP) RNS Number : 4949R Hampson Industries PLC 19 November 2012 19 November 2012 Hampson Industries PLC Hampson Industries PLC placed into administration Cancellation of listing The board of directors of Hampson Industries PLC (the "Company") refers to the announcement by the Company earlier today (in respect of the filing of the notice of intention to appoint administrators) and confirms that the Company has been placed into administration earlier this afternoon under the Insolvency Act 1986. Simon Ian Kirkhope and Chad Griffin of FTI Consulting LLP have been appointed as joint administrators of the Company. The Company has applied to have the listing of its securities cancelled from the Official List of the UK Listing Authority (and for the admission to trading of its securities to be cancelled from the main market of London Stock Exchange plc) with effect from 8:00 a.m. on 21 November 2012, pursuant to paragraph 5.2.12 of the Listing Rules. The administration is not expected to result in there being any value remaining for the Company's shareholders. Enquiries: M:Communications Anne-marie Wilkinson / Maria Souvorov +44(0) 20 7920 2330 FTI Consulting LLP Nick Hasell +44(0) 20 7269 7291 |
Posted at 19/11/2012 14:41 by tullynessle Date : 19/11/2012 @ 13:00Source : UK Regulatory (RNS & others) Stock : Hampson Ind. (HAMP) Hampson Industries PLC Notice of intention to appoint administrators Hampson Industries PLC Notice of intention to appoint administrators Alert TIDMHAMP RNS Number : 4605R Hampson Industries PLC 19 November 2012 19 November 2012 Hampson Industries PLC Notice of intention to appoint administrators The board of directors (the "Board") of Hampson Industries PLC (the "Company") announces that the Board has filed a notice of intention to appoint Simon Ian Kirkhope and Chad Griffin of FTI Consulting LLP as joint administrators of the Company pursuant to the Insolvency Act 1986. The appointment is expected to become effective later today. A further announcement will be made in due course. |
Posted at 16/11/2012 21:28 by tullynessle Description of "fixed charge receivership"Extract 1 (Taken from Link 1) "Hampson Industries PLC (the "Company" and, together with its subsidiaries, the "Group") announces that fixed charge receivers have been appointed over the shares held by Hampson Aerospace Services Limited in BHW (Components) Limited ("BHW")." Link 1: Date : 16/11/2012 @ 16:00 Source : UK Regulatory (RNS & others) Stock : Hampson Ind. (HAMP) Hampson Industries PLC Receivership sale RNS follows... ==================== Extract 2 (Taken from Link 2) "Fixed charge receiverships W h at a r e t h e y ? A fixed charge receiver may be appointed by a lender with a mortgage, charge or other security over real property or other specified assets. The appointment is quick and fairly inexpensive. The receiver will generally have broad powers to realise assets and, in respect of real property, collect rent. Unlike many other insolvency appointments, a fixed charge receiver need not be a licensed insolvency practitioner and specialist surveyors are commonly appointed. Many will be members of and comply with the voluntary code of NARA (the Association of Property and Fixed Charge Receivers)." Link 2 - Description of "Fixed charge receiverships" and User Guide |
Posted at 16/11/2012 16:39 by tullynessle Date : 16/11/2012 @ 16:00Source : UK Regulatory (RNS & others) Stock : Hampson Ind. (HAMP) Hampson Industries PLC Receivership sale Receivership sale of the entire issued share capital of BHW (Components) Limited held by Hampson Aerospace Services Limited Hampson Industries PLC (the "Company" and, together with its subsidiaries, the "Group") announces that fixed charge receivers have been appointed over the shares held by Hampson Aerospace Services Limited in BHW (Components) Limited ("BHW"). Pursuant to an agreement dated 16 November 2012, the receivers have effected the sale of the entire issued share capital of BHW to LNB UK Limited for a consideration of GBP2,365,000 in cash, GBP2,215,000 of which has been paid, and GBP150,000 of which is to be paid within 30 days of completion. The consideration is payable by the purchaser to the receivers, on behalf of Hampson Aerospace Services Limited and will be applied (after the deduction of the costs of sale) in repaying part of the outstanding debt owed by the Group to the lenders under the Group's finance facilities. BHW provides integrated airframe solutions for aircraft component manufacture and assembly to OEM and tier-one suppliers to the aerospace industry (including the manufacture and supply of engine nacelles, fuselage structures, empennage, aircraft skins and other aerospace components). As at 31 March 2011, the value of the gross assets of BHW were GBP15.16 million and BHW recorded a net loss for the period to 31 March 2011 of GBP3.91 million. With the support of the Group's lenders, the Board of Directors (the "Board") of the Company continue to actively pursue the objective of achieving a sale of the Group's US operations (and of the Group's interests in India). The conclusion of the sale of the Group's US and Indian operations (and the realisation of any remaining assets) are not expected to result in there being any value remaining for the Company's shareholders. Further announcements will be made as appropriate. |
Posted at 31/10/2012 14:35 by tullynessle Good news for HondaJet and its Suppliers, including HampsonHondaJet Starts Production ASSEMBLY, INDUSTRY NEWS, MATERIALS Company president says an assembly line is in place, and the fuselage and wing have already been produced. OCTOBER 31, 2012 The president of Honda Aircraft Co. announces that HondaJet has started production. During a press conference at the National Business Aviation Association (NBAA) annual meeting and convention in Orlando, FL, the company also highlighted key testing milestones that have been successfully accomplished with the HondaJet moving closer to certification and delivery. "An assembly line for HondaJet production is in place, major aircraft components including the fuselage and wing have been produced, and we have started assembly of the first customer aircraft," says Michimasa Fujino, Honda Aircraft president and CEO. "Commencing production is the most important milestone in the HondaJet program to date, with only the future Federal Aviation Administration Type Certification and first customer delivery ranking greater in significance." Article continues...... ==================== June 23, 2011 04:02 ET Hampson Aerospace Wins Contract to Supply HondaJet Ailerons This Contract Increases Hampson's Involvement in the HondaJet Program PARIS--(Marketwire - Jun 23, 2011) - PARIS AIR SHOW, Hall 2b, Stand F155 -- Hampson Aerospace (Hampson), the international aerospace group, announced today that its Hampson Aerospace Aerostructures & Composites Division has won a contract to supply HondaJet Ailerons. Hampson is pleased to announce the award of the HondaJet Ailerons contract to its aerostructures company, which operates out of Wigan in the UK. "This builds upon and strengthens the relationship between Hampson Aerospace and the Honda Aircraft Company," commented Norman Jordan, CEO Hampson Aerospace. "We already manufacture and supply the Empennage assembly to HondaJet manufacturing in Greensboro, North Carolina. We are very proud to increase our involvement in this world class aircraft." News Release continues...... |
Posted at 07/6/2012 15:32 by rees4 6 June 2012Hampson Industries PLC Update and Notice of General Meeting Hampson Industries PLC ("Hampson" or the "Company", and, together with its subsidiaries, the "Group"), the international aerospace group, is sending to its shareholders a notice of general meeting to be held pursuant to section 656 of the Companies Act 2006 (the "General Meeting"). Copies of the notice will be available on the Company's website: www.hampsongroup.com The Directors have concluded that the Company's net assets are now less than half of its called-up share capital and, in such circumstances, the Directors are required under section 656 of the Companies Act 2006 to convene a general meeting of the Company to consider whether any, and if so what, steps should be taken to deal with the situation. The General Meeting will be held at 30 Crown Place, London EC2A 4ES at 11 am on 27 June 2012. As noted in the announcement made on 14 February 2012 and the Trading Update given on 10 April 2012, the Board is currently reviewing and assessing the strategic options available to the Group and, as part of its review, is undertaking a formal sale process. Accordingly, the Board does not consider it necessary for specific resolutions to be proposed at the General Meeting. Shareholders should note however that, although the assessment of strategic options is ongoing, the Board considers that, in light of: the level and terms of indicative offers received to date for the Company pursuant to the formal sale process; the assessment of the Group's trading and operating liabilities (including the Company's contingent or future liabilities, such as those relating to the fulfilment of the Company's remaining obligations under the defined benefit pension scheme in the UK); and the level (and repayment terms) of the debt obligations owed by the Group to its secured lenders; it is becoming clear that there is a material risk that there will be little or no remaining value for existing shareholders. Further announcements will be made as appropriate. The Group will publish its results for the year ended 31 March 2012 by the end of July 2012. Enquiries: M:Communications Ann-marie Wilkinson / Maria Souvorov +44 207 920 2330 Notes to editors: Hampson's operations are structured into two business segments, serving the global commercial and military aerospace markets from manufacturing facilities in the UK, North America and India. Hampson is a world leader in the design and manufacture of close tolerance tooling and assembly systems for large composite and metallic aero structures. Hampson is listed on the main market of the London Stock Exchange (Symbol: HAMP). For more information on Hampson: www.hampsongroup.com A copy of this announcement will be available at www.hampsongroup.com news release |
Posted at 02/3/2012 10:11 by tullynessle The News Release dated May 23, 2011 is interesting - very positive overview of operations at Hampson Aerospace Tooling Solutions.Hampson Aerospace Tooling Solutions Unveils Its New Composite Fabrication Facility in California at SAMPE 2011 Large Structure Composite Tooling Capabilities to Be Highlighted LONG BEACH, CA May 23, 2011 Hampson Aerospace Tooling Solutions (Hampson), part of Hampson Industries PLC (FTSE: HAMP), will be highlighting its new capability for producing large structure mandrels and molds from composite materials at booth 361 of the SAMPE Conference in Long Beach, California on May 23-26, 2011. "Hampson is the world's largest independent aerospace tooling manufacturer, with a proven track record as a reliable design, development and build partner for some of the world's most challenging tooling applications," commented Paul Walsh, Hampson Aerospace Tooling Solutions Chief Executive Officer. "We have recently enhanced our capability to make tools using carbon fiber / BMI resin materials, including a proprietary backup structure to face sheet tie-in system for large tools. We are currently manufacturing some 30-ft long autoclave cured tools for a proprietary customer. For prototype tools, we have invested in capability to produce out-of-autoclave resin infused tools for prototype applications." Hampson Aerospace Tooling Solutions through its American subsidiaries Coast Composites, Odyssey and Global Tooling Systems has the largest, most versatile, and fastest turn-key tooling manufacturing capabilities in the world. Continued..... |
Posted at 17/2/2012 14:06 by tullynessle Whilst we await news of further developments, it may be interesting for BB participants to review possible outcomes of the Sales Process and to speculate on the future of Hampson thereafter.To assist with the preparation of Options the composition of primary elements in the Company profile are as follows (taken from HAMP website): The two divisions operate from a network of strategic locations across the US, Europe and India. (1) Tooling Solutions Division Hampson Aerospace is the global leader in tight tolerance and large scale tooling. Hampson Tooling Solutions Division comprises (1a)Odyssey Industries, Inc.; (1b)Global Tooling Systems, Inc. (1c)Coast Composites Inc. The Division engineers tooling systems for use in the fabrication and assembly of metal/composite aircraft structures. (2) Aerostructures & Composites Division Encompassing (2a)BHW (Components) Ltd; (2b)Composites Horizons, Inc.; (2c)Texstars, Inc; and (2d)Hampson (India) Ltd; The Aerostructures & Composites Division delivers an unrivalled range of defence, commercial aerospace and space/satellite industry solutions. Integrated structural assemblies, metallic and composite structures, and assemblies, and high performance transparencies are among the key products engineered for leading OEM and first tier manufacturers. |
Posted at 28/12/2011 07:22 by tullynessle Mr Jordan and his team appear relentless in cleaning Hampson of outstanding legacy issues, (inherited by them), before the end of the current year. Date : 28/12/2011 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Hampson Ind. (HAMP) Settlement of Dispute Hampson Industries PLC ("Hampson" or the "Company"), the specialist tooling and composite product solutions provider for the aerospace industry, announces that the legal proceedings issued against Randal Bellestri, Kimberley Bellestri and the Randal Bellestri Revocable Living Trust ("the Bellestris") have been resolved to the satisfaction of Hampson. This was achieved through an out-of-court settlement, whereby the Bellestris have agreed to pay to certain Hampson subsidiaries an immediate cash amount of $2.6 million, apply future rent reductions on properties leased by the Bellestris to Hampson and to withdraw all outstanding counterclaims against the Company. In addition, settlement in relation to the above proceedings has also been agreed with Hampson's US and UK Fidelity Insurers. Separately, following the disposal of its shims businesses earlier in the year and the process of refinancing the Company's lending arrangements, a decision has been made to suspend certain IT (information technology) projects and write off some related capitalized costs. Additionally, with the advancing review of strategic options of some of its businesses, a decision has been made to write off certain intangible assets and provide for some associated inventory balances. The benefit from the cash settlement is expected to be broadly equal to the write offs and provisions outlined above and therefore the settlement is not expected to have a material effect on the Board's current year profit expectations. However, the Company's net debt is expected to be reduced by the amount of the settlement. |
Posted at 06/12/2011 06:27 by tullynessle Positive news from Hampson.............Extract 1: "Hampson's other tooling companies, Global Tooling Systems and Odyssey Tooling, will undergo their Rev C audits in the coming months. Rev C is no easy certification to achieve given the added requirements of risk mitigation. Aerospace tooling is a dynamic business with significant challenges due to the concurrent design and build process." Extract 2: "Tools designed and manufactured by Hampson have, and continue to play, a critical role in the design, pre-production, and production phases of many of the most important programs in aerospace including Boeing 787, 777, 747-8, 737; Airbus A380, A350, A320; Bombardier CSeries; Gulfstream G650; Cessna Citation; HondaJet; Lockheed Martin F-35; Boeing F-18; and Sikorsky CH53. Hampson now works with virtually every major airframe manufacturer in the world." December 05, 2011 13:51 ET Hampson Aerospace Achieves Aerospace Industry Quality Standard With AS9100 Rev C Certification Hampson Aerospace Tooling Solutions, a Division of Hampson Aerospace Is a Leader in Tooling Systems for Commercial and Defense Industries BRIERLEY HILL, UNITED KINGDOM--(Marketwire - Dec 5, 2011) - Hampson Aerospace Tooling Solutions (Hampson), part of Hampson Aerospace, announced today that its Coast Composites business unit has achieved AS9100 rev C certification. News Release continues.... |
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