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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hibu | LSE:HIBU | London | Ordinary Share | GB0031718066 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.17 | - | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
| Date | Subject | Author | Discuss |
|---|---|---|---|
| 28/11/2013 14:23 | hibu plc BLOCK LISTING SIX MONTHLY RETURN Date : 21/06/2013 @ 14:29 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc BLOCK LISTING SIX MONTHLY RETURN Alert TIDMHIBU RNS Number : 6213H hibu plc 21 June 2013 BLOCK LISTING SIX MONTHLY RETURN Information provided on this form must be typed or printed electronically and provided to an ris. Date: 21 June 2013 Name of applicant: hibu plc -------------------- Name of scheme: a. Yell Group plc Save as You Earn b. Yell Group plc 2003 US Equity Incentive Plan c. Yell Group plc 2003 Employee Stock Purchase plan d. Yell Group plc Executive Share Option Scheme -------------------- Period of return: From: 15/12/12 To: 14/6/13 -------------------- Balance of unallotted securities under scheme(s) from a. 3,581,361 previous return: b. 4,545,306 c. 0 d. 3,086,430 -------------------- Plus: The amount by which the block scheme(s) has been a. 0 increased since the date of the last b. 0 return (if any increase has been applied for): c. 0 d. 0 -------------------- Less: Number of securities issued/allotted under scheme(s) a. 0 during period (see LR3.5.7G): b. 0 c. 0 d. 0 -------------------- Equals: Balance under scheme(s) not yet issued/allotted at a. 3,581,361 end of period: b. 4,545,306 c. 0 d. 3,086,430 -------------------- Name of contact: Investor Relations -------------------- Telephone number of contact: +44 (0)118 358 2838 -------------------- This information is provided by RNS The company news service from the London Stock Exchange END BLRFBMJTMBTTBFJ | freddie ferret | |
| 28/11/2013 14:22 | hibu plc Second Price Monitoring Extn Date : 17/07/2013 @ 16:40 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc Second Price Monitoring Extn Alert TIDMHIBU RNS Number : 5633J hibu plc 17 July 2013 Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. The closing auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution which will set today's closing price. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexcha This information is provided by RNS The company news service from the London Stock Exchange END APMBUGDRGSBBGXR | freddie ferret | |
| 28/11/2013 14:20 | hibu plc Second Price Monitoring Extn Date : 24/07/2013 @ 16:40 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc Second Price Monitoring Extn Alert TIDMHIBU RNS Number : 0839K hibu plc 24 July 2013 Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. The closing auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution which will set today's closing price. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexcha This information is provided by RNS The company news service from the London Stock Exchange END APMBUGDRGSDBGXS | freddie ferret | |
| 28/11/2013 14:16 | hibu plc Interim Management Statement Date : 25/07/2013 @ 07:01 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc Interim Management Statement Alert TIDMHIBU RNS Number : 0999K hibu plc 25 July 2013 For Immediate Release 25 July 2013 hibu plc ("hibu" or the "Group") Interim management statement for the three months ended 30 June 2013 Financial headlines(1) -- Group revenue of GBP297m decreased by 11% - Digital services revenues grew by 22% to GBP49m - Digital directories revenue fell by 5% to GBP65m - Print and other directory revenues fell by 19% to GBP183m -- EBITDA(2) of GBP56m was down GBP15m -- Free cash flow of GBP23m decreased GBP17m -- Profit after tax increased by GBP3m to GBP2m -- Constructive discussions on capital structure continue Operational headlines -- Total digital revenue increased from 32% to 38% of revenue -- Digital services - Customers increased by 8% to 449,000 - Annual digital services revenue per customer increased by 8% to GBP435 - Live customer websites increased by 5% to 430,000 -- Digital directories - Advertisers fell by 12% to 723,000 - Annual digital directory revenue per advertiser declined by 1.9% to GBP345 - Visitors declined 16% to 41m in June -- Yellow Pages - Yellow Pages advertisers reduced by 21% to 200,000 - Yellow Pages revenue per advertiser decreased by 1.4% to GBP781 (1) Results are for the three months ended 30 June 2013, unaudited and compared with the same period in the prior year. The changes in revenue, revenue per advertiser and EBITDA are stated at constant currency. Revenue percentage changes, including revenue per customer, are also adjusted for rescheduling and acquisitions. (2) EBITDA is profit before interest, tax, depreciation, amortisation and exceptional items. Forward looking statements This news release contains forward-looking statements regarding hibu's intentions, beliefs or current expectations concerning, among other things, hibu's results of operations, revenue, financial condition, liquidity, prospects, growth, strategies, new products, the level of new directory launches and the markets in which hibu operates. Readers are cautioned that any such forward-looking statement is not a guarantee of future performance and involves risks and uncertainties, and that actual results may differ materially from those in the forward-looking statement as a result of various factors. These factors include any adverse change in regulations, exchange rates, unforeseen operational or technical problems, the nature of the competition that hibu will encounter, wider economic conditions including economic downturns, the final outcome of addressing hibu's capital structure and changes in financial and equity markets. Readers are advised to read the Risk Statement below. hibu undertakes no obligation to update or revise publicly any forward-looking statements, except as may be required by law. Risk statement hibu's risks and uncertainties include strategic and operational risks faced by hibu's businesses; debt and financing risks faced in funding Group operations and the financial reporting and related risks faced in reporting hibu's results. Readers are advised to read pages 22 to 29, page 116 and notes 1 and 16 to the financial statements included in Yell Group plc's 2012 annual report (Yell Group plc changed its name to hibu plc on 27 July 2012) for the financial year ended 31 March 2012, a copy of which is available on hibu's website at The majority of hibu's debt matures in April 2014. The Group has been in negotiations with a co-ordinating committee of the lenders (the "CoCom") under its facilities agreement dated 30 November 2009 (as amended) (the "2009 lenders") to represent the interests of the 2009 lenders during the process of determining an appropriate new capital structure. The Group obtained certain waivers, with CoCom support, from the 2009 lenders to enable, among other things, substantive discussions to take place around a balance sheet restructuring. The Group is currently in default under the 2009 facilities agreement. The lenders' facility agent may, and must if directed by two-thirds of lenders, demand immediate repayment of all amounts due. The default can only be waived by the unanimous approval of all 2009 lenders. As this is not considered likely in the current circumstances, a waiver request for this default is not being made. As announced today, the principal terms for the restructuring of the Group's debt have been agreed in principle with the CoCom subject to clearance from the UK Pensions Regulator. The members of the CoCom together represent approximately 32.8 per cent of the Group's financial debt. The restructuring will be implemented through schemes of arrangement that will require the approval of lenders that hold at least 75 per cent of the debt. Closing of the transaction is expected to take place in the fourth quarter of the current calendar year. The financial restructuring will not result in any payment being made to shareholders or leave hibu shares with any value. The Group has therefore decided to suspend the listing of hibu's shares and the trading of those shares on the London Stock Exchange with effect from 07:30 BST today. The listing of hibu's shares will be cancelled upon completion of the restructuring. The restructuring will also result in a Group reorganisation that will require hibu plc and some other Group holding companies to be placed into administration. Also as noted in another RNS announcement made by the Group today, the Board of Directors has given consideration to both the implications of the share suspension and the significant effect of any financial restructuring on the future shape of the Group, including the fact that hibu plc, which is the Group's ultimate holding company, is expected to be placed into administration as part of the financial restructuring. As a consequence, hibu has given notice to the Registrar of Companies that it is changing its accounting reference date to 30 September. As a consequence, the accounting period that commenced on 1 April 2012 will now cover the 18 months ending on 30 September 2013. The Group is cash generative and the directors believe that the lenders will receive a higher recovery on their loans through a restructuring that allows the business to continue to operate as a going concern rather than by any other course of action. Therefore, the financial information has been prepared on a going concern basis and does not necessarily include all adjustments that would be required if the business were unable to continue as a going concern. At 30 June 2013, the Group held cash balances of GBP222m. The Group net liabilities of GBP1,477m include goodwill and other acquired intangible assets totalling GBP469m which is supported by the Group's strategic plans. It is clear that the Group faces challenges and material uncertainties that may affect the carrying value of these intangible assets. About hibu hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them. hibu enables consumers to find local businesses and shop in new, innovative ways whether online, on the move or in store. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services. hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the twelve months to 31 March 2013, hibu had one million SME customers and total revenues of GBP1.3 billion. For further information about hibu, visit corporate.hibu.com. Enquiries hibu - Investors RLM Finsbury Andrew Clatworthy Andrew Dowler or Charles Chichester Tel: +44 (0) 118 358 2838 Tel: +44 (0) 207 251 3801 hibu - Media Jon Salmon Tel: +44 (0) 118 358 2656 This information is provided by RNS The company news service from the London Stock Exchange END IMSDDGDRDDDBGXS | freddie ferret | |
| 28/11/2013 14:12 | Official List Suspension Hibu PLC Date : 25/07/2013 @ 07:30 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price Official List Suspension Hibu PLC Alert TIDMHIBU RNS Number : 1204K Official List 25 July 2013 NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST 25/07/2013 7:30 AM TEMPORARY SUSPENSION Hibu Plc The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 24/07/2013 7:30 AM at the request of the company pending clarification of the company's financial position : Ordinary Shares of Premium Equity Commercial (GB0031718066) 1p each Companies fully paid This notice has been issued by Listing Applications - 0207 066 8352. This information is provided by RNS The company news service from the London Stock Exchange END NOTNKPDBABKKDOB | freddie ferret | |
| 28/11/2013 14:11 | Official List Suspension Hibu PLC (Replacement) Date : 25/07/2013 @ 08:01 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price Official List Suspension Hibu PLC (Replacement) Alert TIDMHIBU RNS Number : 1212K Official List 25 July 2013 The following amendment has been made to the 'Suspension Hibu PLC' announcement released on 25th July 2013 at 07.30 under RNS No 1204K. The effective date was mentioned as 24/07/2013 where as it should have been 25/07/2013. All other details remain unchanged. The full amended text is shown below. NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST 25/07/2013 7:30 AM TEMPORARY SUSPENSION Hibu Plc The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 25/07/2013 7:30 AM at the request of the company pending clarification of the company's financial position : Ordinary Shares of Premium Equity Commercial (GB0031718066) 1p each Companies fully paid This notice has been issued by Listing Applications - 0207 066 8352. This information is provided by RNS The company news service from the London Stock Exchange END NOTGLGDRGUDBGXU | freddie ferret | |
| 28/11/2013 14:10 | hibu plc Restructuring Update Date : 17/10/2013 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc Restructuring Update Alert TIDMHIBU RNS Number : 7263Q hibu plc 17 October 2013 For Immediate Release 17 October, 2013 hibu plc ("hibu" or the "Group") Restructuring update As hibu moves into the next phase of its restructuring the Board of hibu plc announces the appointment of an operational Chief Restructuring Officer. Simon Freakley, Chief Executive Officer of Zolfo Cooper LLP, has completed his role as financial Chief Restructuring Officer. Mr Freakley was engaged in December 2012 to support hibu's financial restructuring and to assist with stakeholder management, working alongside the management team. Having successfully supported the Board through the negotiation of the restructuring with hibu's lenders, the company is now entering the implementation phase of this proposal and so Mr Freakley's role is now complete. The implementation phase has now begun and an operational Chief Restructuring Officer, David Eckert, has been appointed to work with the company to execute its business plan. Mr Freakley will work with Mr Eckert to ensure a smooth handover. Mr Eckert specialises in revitalising companies. Over the past 30 years, he has served as CEO of international companies in a wide range of industries, was VP and Partner of consultants Bain & Company, and has been a member or chair of numerous public and private boards of directors. He is an economics and engineering graduate of Northwestern University, with highest distinction, and earned an MBA from the Harvard Business School, where he was a Baker Scholar and a Loeb Rhoades Fellow. Commenting on this new phase of hibu's restructuring, Mr Freakley said: "I am delighted that a restructuring plan has now been agreed with the Co-ordinating Committee of hibu's lenders. I look forward to working with the new operational CRO during the handover process and would like to take this opportunity to thank the Board and the management team for working with me over the last nine months. I wish the Group all the very best for the future." Mr Eckert commented: "I am excited to be working with all the talented people at hibu. I look forward to helping the company build on its position as an industry leader to create a secure and successful future." Ends About hibu hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services. hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the twelve months to 31 March 2013, hibu had one million SME customers and total revenues of GBP1.3 billion. For further information about hibu, visit corporate.hibu.com. Enquiries Media Investors RLM Finsbury hibu Charles Chichester Andrew Clatworthy Tel: + 44 (0) 207 251 3801 Tel: +44 (0) 118 358 2838 This information is provided by RNS The company news service from the London Stock Exchange END STRGGGAWUUPWUAM | freddie ferret | |
| 28/11/2013 14:08 | hibu plc Request for a general meeting of shareholders Date : 23/10/2013 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc Request for a general meeting of shareholders Alert TIDMHIBU RNS Number : 1430R hibu plc 23 October 2013 23 October 2013 hibu plc ("hibu") Request for a general meeting of shareholders hibu plc announces that it has received requests on the same terms from shareholders holding in excess of five per cent of hibu's share capital that a general meeting of shareholders be convened to consider certain resolutions in relation to the conduct of the Group's business and the composition of its board. Consequently, the directors will convene a meeting of shareholders in accordance with the Companies Act 2006. A circular containing detail of the general meeting, the specific business of the meeting proposed by shareholders and the responses of the hibu Board will be sent to shareholders in due course. Having taken advice from hibu's financial and legal advisers and carefully considered its responsibilities, the Board of hibu is unanimously of the opinion that the proposed resolutions are not in the best interests of hibu and its subsidiaries' (the "Group") nor its key stakeholders including its 12,000 employees, customers, suppliers and creditors. The Group continues to make steady progress on the implementation of the proposed financial restructuring (which is in the best interests of the Group and its key stakeholders). The terms agreed with the Co-ordinating Committee of the Group's lenders for such restructuring were announced on 25 July 2013. As previously stated, no value will be attributed to the Group's ordinary shares. On completion of the proposed restructuring, the key operating subsidiaries of hibu plc will be transferred to a new group holding company owned by the Group's lenders. Accordingly, hibu plc itself will be placed into administration whilst the business of the Group will continue under the new holding company. Shareholder consent will not be required for the restructuring to be implemented. As explained in the Chairman's letter to shareholders dated 25 July 2013, this meant the directors of hibu plc had no basis on which to argue that shareholders should receive any payment as part of the restructuring, notwithstanding that the directors had argued strongly that lenders should agree to a payment to shareholders up to that point. Given the Group's debt structure and the rights of its lenders and the value of the Group, it is difficult to see how the proposed resolutions can or could be responsibly allowed to change the basis of the restructuring or prevent the restructuring being implemented on those terms. It is also difficult to see how the proposed resolutions could lead to a better outcome for the stakeholders of the Group or hibu than the proposed restructuring. The Board believes the proposed resolutions would only serve to damage the Group's prospects further to the detriment of each member of the Group as well as the wider stakeholders in the Group. About hibu hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services. hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the 12 months to 31 March 2013, hibu had one million SME customers and total revenues of GBP1.3 billion. For further information about hibu, visit corporate.hibu.com. Enquiries hibu - Investors RLM Finsbury Andrew Clatworthy Charles Chichester Tel: +44 (0) 118 358 2838 Tel: + 44 (0) 207 251 3801 This information is provided by RNS The company news service from the London Stock Exchange END MSCFEFFMEFDSEDS | freddie ferret | |
| 28/11/2013 14:08 | hibu plc Financial Update Date : 29/10/2013 @ 10:40 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price hibu plc Financial Update Alert TIDMHIBU RNS Number : 6293R hibu plc 29 October 2013 29 October 2013 hibu plc ("hibu" or the "Group") Financial update for the six months ended 30 September 2013 Financial headlines(1) -- Group revenue of GBP584m decreased by 12% - Digital services revenues grew by 19% to GBP99m - Digital directories revenue fell by 6% to GBP127m - Print and other directory revenues fell by 19% to GBP358m -- EBITDA(2) of GBP107m was down GBP45m -- Free cash flow of GBP88m increased GBP1m -- Constructive discussions on capital structure continue Operational headlines(3) -- Total digital revenue increased from 33% to 39% of revenue -- Digital services - Customer numbers decreased by 2% to 433,000 - Annual digital services revenue per customer increased by 17% to GBP464 - Live customer websites increased by 3% to 408,500 -- Digital directories - Advertisers fell by 12% to 671,000 - Annual digital directory revenue per advertiser increased by 1% to GBP365 - Visitors increased by 6% to 37m in September -- Yellow Pages - Yellow Pages advertisers reduced by 21% to 377,000 - Yellow Pages revenue per advertiser decreased by 3% to GBP802 Forward looking statements This news release contains forward-looking statements regarding hibu's intentions, beliefs or current expectations concerning, among other things, hibu's results of operations, revenue, financial condition, liquidity, prospects, growth, strategies, new products, the level of new directory launches and the markets in which hibu operates. Readers are cautioned that any such forward-looking statement is not a guarantee of future performance and involves risks and uncertainties, and that actual results may differ materially from those in the forward-looking statement as a result of various factors. These factors include any adverse change in regulations, exchange rates, unforeseen operational or technical problems, the nature of the competition that hibu will encounter, wider economic conditions including economic downturns, the final outcome of addressing hibu's capital structure and changes in financial and equity markets. Readers are advised to read the Risk Statement below. hibu undertakes no obligation to update or revise publicly any forward-looking statements, except as may be required by law. Nature of report This document does not constitute a half year report, second interim report, preliminary announcement or interim management statement (as defined in the Listing or the Disclosure and Transparency Rules) in respect of the six month period to 30 September 2013 or any part of that period. The consolidated financial information contained herein is unaudited and does not constitute statutory financial statements within the meaning of section 434 of the Companies Act 2006. As noted in RNS announcements made by the Group on 25 July 2013, hibu plc will be placed into administration if the restructuring takes place as agreed with the CoCom. The directors therefore are not able to make any assertions regarding the basis of the presentation of the financial information for the six months to 30 September 2013. The financial information does not include all adjustments that would be required if the businesses or the Group in its current structure were unable to continue as a going concern. The financial information is not audited and only serves as a trading update of the businesses on a like-for-like basis in comparison with the six months ended 30 September 2012, presented in such a way that stakeholders can understand the results. The preparation of the consolidated financial information requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial information and the reported amounts of income and expenditure during the period. Actual results could differ from those estimates. Estimates are used principally when accounting for doubtful debts, depreciation, retirement benefits, acquisitions, impairment testing and taxation. Where change at constant currency is stated in this document it states the change in the current period compared with the previous period as if the current period results were translated at the same exchange rates as those used to translate the results for the previous period. Figures reported at constant exchange rates are stated at the same exchange rates as those used to translate the comparative figures for the previous period. Exchange impact is the difference between the results reported at constant exchange rates and the results reported using current period exchange rates. The average effective exchange rates for the six months to 30 September 2013 were $1.54: GBP1.00 and EUR1.17: GBP1.00 as compared to $1.58: GBP1.00 and EUR1.25: GBP1.00 for the same period last year. Readers are advised to read the Risk Statement below. Risk statement hibu's risks and uncertainties include strategic and operational risks faced by hibu's businesses; debt and financing risks faced in funding Group operations and the financial reporting and related risks faced in reporting hibu's results. Readers are advised to read pages 22 to 29, page 116 and notes 1 and 16 to the financial statements included in Yell Group plc's 2012 annual report (Yell Group plc changed its name to hibu plc on 27 July 2012) for the financial year ended 31 March 2012, a copy of which is available on hibu's website at The majority of hibu's debt matures in April 2014. The Group has been in negotiations with a co-ordinating committee of the lenders (the "CoCom") under its facilities agreement dated 30 November 2009 (as amended) (the "2009 lenders") to represent the interests of the 2009 lenders during the process of determining an appropriate new capital structure. The Group obtained certain waivers, with CoCom support, from the 2009 lenders to enable, among other things, substantive discussions to take place around a balance sheet restructuring. The Group is currently in default under the 2009 facilities agreement. The lenders' facility agent may, and must if directed by two-thirds of lenders, demand immediate repayment of all amounts due. The default can only be waived by the unanimous approval of all 2009 lenders. As this is not considered likely in the current circumstances, a waiver request for this default is not being made. As announced on 25(th) July 2013, the principal terms for the restructuring of the Group's debt have been agreed in principle with the CoCom subject to clearance from the UK Pensions Regulator. The members of the CoCom together represent approximately 30.3 per cent of the Group's financial debt. The restructuring will be implemented through schemes of arrangement that will require the approval of lenders that hold at least 75 per cent of the debt. Closing of the transaction is expected to take place in the first quarter of the next calendar year. The financial restructuring will not result in any payment being made to shareholders or leave hibu shares with any value. The Group therefore announced on 25 July 2013 that it had suspended the listing of hibu's shares and the trading of those shares on the London Stock Exchange. The restructuring will result in a Group reorganisation that will lead to hibu plc and some other Group holding companies being placed into administration. The listing of hibu's shares will be cancelled when hibu plc is placed into administration. Also, as announced on 25 July 2013, the Group changed its accounting reference date to 30 September. As a consequence, the accounting period that commenced on 1 April 2012 covers the 18 months ended on 30 September 2013. The Group is cash generative and the directors believe that the lenders will receive a higher recovery on their loans through a restructuring that allows the business to continue to operate as a going concern rather than by any other course of action. Therefore, the financial information has been prepared on a going concern basis and does not necessarily include all adjustments that would be required if the business were unable to continue as a going concern. At 30 September 2013, the Group held cash balances of GBP265m. The Group net liabilities of GBP1,428m include goodwill and other acquired intangible assets totalling GBP446m which is supported by the Group's strategic plans. It is clear that the Group faces challenges and material uncertainties that may affect the carrying value of these intangible assets. About hibu hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services. hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the twelve months to 31 March 2013, hibu had one million SME customers and total revenues of GBP1.3 billion. For further information about hibu, visit corporate.hibu.com. Enquiries hibu - Investors RLM Finsbury Andrew Clatworthy Charles Chichester Tel: +44 (0) 118 358 2838 Tel: +44 (0) 207 251 3801 hibu - Media Jon Salmon Tel: +44 (0) 118 358 2656 (1) Results are for the six months ended 30 September 2013, unaudited and compared with the same period in the prior year. The changes in revenue, revenue per advertiser and EBITDA are stated at constant currency. Revenue percentage changes, including revenue per customer, are also adjusted for rescheduling and acquisitions. (2) EBITDA is profit before interest, tax, depreciation, amortisation and exceptional items. (3) Operational metrics continue to be refined to more accurately measure the underlying performance of the business. Where adjustments have been made, which this quarter includes adjusting for the Moonfruit acquisition in June 2012, the prior year comparatives have been adjusted to ensure that they are on a consistent basis. This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFVIIILAFIV | freddie ferret | |
| 28/11/2013 14:06 | hibu plc Restructuring Update Alert TIDMHIBU RNS Number : 1040U hibu plc 27 November 2013 27 November 2013 hibu plc Restructuring update As previously announced, hibu plc and its subsidiaries (the "Group") have agreed the terms of a financial restructuring of the Group with the Co-ordinating Committee ("CoCom") of the Group's lenders. This will involve all of the Group's operations being transferred from the current holding company, hibu plc, to a new holding company structure to be controlled by the Group's lenders. As a first step to facilitating this transfer and the financial restructuring as a whole, the Board of hibu plc has today appointed certain partners of Deloitte LLP to act as administrators to hibu plc only. No other Group companies have been placed into administration. This action will have no impact on the day to day operations of the rest of the Group. There will be no effect on hibu's employees, customers, partners or suppliers, all of whom interact with the Group subsidiaries, not hibu plc. All contracts, trading terms and financial obligations of the operating companies of the Group and trading partners will continue to have the same effect. Bob Wigley commented: "With today's announcement, we move one step closer to securing a capital structure for hibu which would enable the business to survive and prosper and to safeguard the prospects for our 12,000 employees. Our business will continue to operate as usual and will not be affected by the administration of the holding company, a planned step in the restructuring process. Our enhanced digital product offering is growing fast and increasingly finding new customers following our recent marketing campaign." The key aspects of the proposed restructuring are: -- A new group holding company owned by the Group's lenders will become the owner of the operating subsidiaries of hibu plc. The existing holding company of the Group is being placed into administration. There will be no payment made to the current shareholders of hibu plc as the shares in hibu plc do not have any value. -- The new group will have a considerably stronger financial position, with significantly lower debt, lower interest charges, significantly extended debt maturity and capital repayments that are aligned with the operating performance of the new group. This new financial structure will allow the business of the new group to thrive for the benefit of its stakeholders. -- The restructuring remains subject to (i) clearance by the UK Pensions Regulator in relation to the arrangements for the future funding of the Group's UK pension plan and (ii) the Group's lenders approving the Schemes of Arrangement necessary to implement the financial restructuring. As a consequence of hibu plc being placed into administration, the administrators will shortly be writing to shareholders announcing their intention to adjourn the General Meeting of shareholders scheduled for 4 December 2013. Following the appointment of administrators to hibu plc, the listing of the hibu plc's shares is expected to be cancelled with effect from 08:00 on 28 November 2013. - ends - About hibu hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services. hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the twelve months to 31 March 2013, hibu had one million SME customers and total revenues of GBP1.3 billion. For further information about hibu, visit corporate.hibu.com. Enquiries hibu - Investors Deloitte Andrew Clatworthy Email: hibu@deloitte.co.uk Tel: +44 (0) 118 358 2838 hibu - Media Charles Chichester, RLM Finsbury Tel: +44 (0) 207 251 3801 or Jon Salmon, hibu Tel: +44 (0) 118 358 2656 This information is provided by RNS The company news service from the London Stock Exchange END | freddie ferret | |
| 28/11/2013 14:04 | Official List Cancellation - Hibu PLC Date : 28/11/2013 @ 08:00 Source : UK Regulatory (RNS & others) Stock : Hibu (HIBU) Quote : 0.17 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Hibu share price Official List Cancellation - Hibu PLC Alert TIDMHIBU RNS Number : 1012U Official List 28 November 2013 NOTICE OF CANCELLATION OF LISTING FROM THE OFFICIAL LIST 28/11/2013 8:00 AM CANCELLATION Hibu Plc The Financial Conduct Authority ("the FCA") cancels the securities set out below from the Official List effective from 28/11/2013 8:00 AM at the request of the company: Ordinary Shares Premium Equity Commercial (GB0031718066) of 1p each Companies -- fully paid If you have any queries relating to the above, please contact Listing Applications at the FCA on 020 7066 8352. Notes --Denotes the security is being admitted to trading on the London Stock Exchange, a recognised Investment Exchange. Denotes the security is also being admitted to trading on ICAP Securities & Derivatives Exchange (ISDX), a Recognised Investment Exchange. #Denotes the security is also being admitted to trading on NYSE Euronext London, a Recognised Investment Exchange. Denotes the security is also being admitted to trading on BATS Europe Regulated Market, a recognised Investment Exchange - Dealing Notices issued by the FCA in respect of admission of securities to the Official List must be read in conjunction with notices issued by the relevant Recognised Investment Exchange in respect of admission of securities to trading on its markets. - SEDOL numbers which are allocated by the London Stock Exchange as a Stock Exchange identifier may be found on their dealing notice. This information is provided by RNS The company news service from the London Stock Exchange END | freddie ferret | |
| 28/11/2013 13:56 | Have things to do but will be posting later. | freddie ferret | |
| 28/11/2013 11:40 | Those who took Hibu are not British, George Soros's hedge fund, Blacktone, Deutsche bank. I hope British law will catch up them one day. | john168 | |
| 28/11/2013 11:25 | 13matt13 if you are a member please log onto our website and copy the comments I have put under the forum heading I have created titled "13matt13" Everyone will then be able to see whether or not you are an HSG member. Many thanks | ceebsy | |
| 28/11/2013 09:19 | 13matt13 what has made you so bitter? No paid up HSG member would spout the nonsense that you do. To anyone out there who has not joined HSG. The battle is far from over, the board have shown nothing but utter desperation in an attempt to hide the facts of what is really going on. The truth WILL come out. There is just one day left to join HSG before the door closes. For more information please go to: hxxp://www.hibu-shar | ep0ch |
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