We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| M.p. Evans Group Plc | LSE:MPE | London | Ordinary Share | GB0007538100 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12.00 | 1.42% | 860.00 | 848.00 | 868.00 | 864.00 | 846.00 | 850.00 | 21,723 | 16:35:04 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| General Farms,primarily Crop | 326.92M | 73.06M | 1.3583 | 6.24 | 456.12M |
From Apr 2019 to Apr 2024
TIDMMPE
RNS Number : 6470E
M. P. Evans Group PLC
20 July 2016
M.P. EVANS GROUP PLC
("MP Evans" or "the Group")
SALE OF SHAREHOLDING IN THE NORTH AUSTRALIAN PASTORAL COMPANY PTY LIMITED ("NAPCo")
Further to the announcements on 6 May and 10 June 2016, the board of M.P. Evans Group PLC ("MP Evans" or "the Group") is pleased to announce that the sale of the Group's 34.37% stake in NAPCo, an Australian cattle operator, has now been completed and cleared funds in respect of the gross sale consideration of A$107 million (US$82 million) will be received shortly.
It is planned that the net sale proceeds, after payment of Australian tax and costs associated with the sale, will be applied towards the significant capital-investment programme scheduled in respect of the Group's existing unplanted areas of land in Indonesia as well as prospective investment in new sustainable land, ideally located close to the Group's existing oil-palm operations. Some potential new projects are closely under review in this regard.
In addition the board will pay a special dividend of 5 pence per share on 17 August 2016.
Commenting on the transaction, MP Evans chairman, Peter Hadsley-Chaplin, said 'The sale of NAPCo and consequent exit by MP Evans from Australia represents an important landmark in the Group's history. The proceeds from the sale will enable continued expansion within the Indonesian palm-oil sector and additional economies of scale to be achieved. In the meantime, we wish the management and staff and both continuing, and new, shareholders of NAPCo every success in the future'.
20 July 2016
Enquiries:
Hot Features
Premium
M.P. Evans Group PLC Telephone: 01892 516333
Peter Hadsley-Chaplin
- chairman
Tristan Price - chief
executive
Matthew Coulson - chief
financial officer
Peel Hunt LLP Telephone: 020 7418
8900
Dan Webster
Adrian Trimmings
George Sellar
Hudson Sandler Telephone: 020 7796
4133
Charlie Jack
Katie Matthews
Bertie Berger
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISEKLFFQDFLBBD
(END) Dow Jones Newswires
July 20, 2016 02:00 ET (06:00 GMT)
1 Year M.p. Evans Chart |
1 Month M.p. Evans 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
