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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hastings Group Holdings Plc | LSE:HSTG | London | Ordinary Share | GB00BYRJH519 | ORD GBP0.02 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 249.60 | 249.60 | 249.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMHSTG
RNS Number : 9113X
Hastings Group Holdings plc
27 February 2017
FOR IMMEDIATE RELEASE
27 February 2017
Hastings Group Holdings plc (the "Company")
Ogden Rate Change
The Company notes the announcement made today by the Lord Chancellor regarding the change to the discount rate applicable for personal injury damages awards from 2.5% to -0.75% ("Ogden rate change").
As a result of the Ogden rate change, the annual results for the financial year ended 31 December 2016 ("Annual Results") will include a one-off pre-tax charge of GBP20m. This charge will not have any impact on the Board's deliberations regarding the proposed 2016 final dividend recommendation. The Company does not expect the Ogden rate change to have a material impact on the Group's financial outlook for 2017.
The Company is scheduled to release its Annual Results on 2 March 2017.
Hastings Group
+44 (0) 142 473 8366
Richard Hoskins, Chief Financial Officer
Louise Underwood, Director of Investor Relations
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMGZZLNRGNZG
(END) Dow Jones Newswires
February 27, 2017 04:19 ET (09:19 GMT)
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