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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hyve Group Plc | LSE:HYVE | London | Ordinary Share | GB00BKP36R26 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 120.60 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 120.60 | GBX |
Hyve (HYVE) Share Charts1 Year Hyve Chart |
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1 Month Hyve Chart |
Intraday Hyve Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/11/2024 | 14:01 | Hyve Group - global events business (formerly ITE) | 548 |
| 06/9/2020 | 06:55 | HYVE Oil & mining events organiser, 406% EPS growth. | 82 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 05/11/2024 14:01 by yump I wondered where hyve had gone. Another good UK business gone to the US.Isn’t it a great “special relationship” and nice to know that the UK is open for takeovers - sorry that should be “open for business”. Fantastic to have this sort of “inward foreign investment.” |
Posted at 21/2/2023 23:43 by southernsong Certainly an interesting day.The offer, followed by two holdings announcements, namely Blackmore and Odyssean both declaring their recent purchases of c.5.9M shares and 6.6M shares respectively. I suppose these would finally explain the massive spike in volume we saw on February 10th. As to the offer, I'm not sure what Mark Shashoua and the BOD will make of it really. The shares were trading quite a bit higher than 105p prior to the big fall we saw at around the time Russia invaded Ukraine. This fall, aside from the obvious and outright 'bad news' that comes with a war, was because HYVE's portfolio of events had exposure to both Ukraine and Russia. Since then however, and over the past year, the company has been overhauled and brilliantly managed and refocussed. The loss of those two markets has been more than compensated for elsewhere, to the extent that the business is healthier and better positioned for growth now than it perhaps ever has been. And what's more, the Ukraine assets were sold whilst retaining something of the structure of future viability of those events for the people in that native country. The order book is rammed. The scope for growth in the U.S. via Fintec is very obvious so it's no surprise this bid has emerged from America. The company is planning two investor days in March, one of which is in Las Vegas. Plus they are holding back a trading update to coincide, I'm sure. I haven't held a company which has been the subject of a bidding battle in some time.......but I would not be at all surprised to see some competition emerge after today's announcement. I feel certain there will be another suitor or suitors keeping watch of HYVE and today's statement may well force their hand. If that happens we must surely be looking at 125p+? Hyve is a quality business that has ridden out perhaps the worst storm it could have faced in Covid (it is afterall public, face to face trade/events business). It has also, to some large degree, future-proofed itself in that should another Covid-like situation occur again, it can carry on trading through the virtual platforms it has now put in place. Would M.S. take a bid that values the company at less than it was prior to the transformative work done by him and the team over the past year? I really don't know. If another bidder emerges, that will help form the ultimate negotiation. It's going to be a very interesting month ahead to watch unfold. |
Posted at 21/2/2023 11:59 by boozey in some ways this is not a complete surprise, the share price has been moving upwards, especially once the US markets open, for a number of days. But given the robust business model Hyve now has and how its core markets have opened up again, to say this offer is satisfactory would be short of the mark by some margin.As a private investor with a modest holding and no material say I will simply sit tight for now and see how this plays out. A final offer around 120p would probably be more respectable. Note how the announcement states 'preliminary and conditional offer' |
Posted at 06/2/2023 09:01 by southernsong March looks to be the month at HYVE.Two Investor Days (Las Vegas and London), with a HY trading update thrown in for good measure. I'm expecting some decent figures and interest to arrive here as we move closer to those dates. Hyve Group PLC Notice of investor days and HY23 trading update 06/02/2023 7:00am UK Regulatory (RNS & others) Hyve (LSE:HYVE) Intraday Stock Chart Monday 6 February 2023 Click Here for more Hyve Charts. TIDMHYVE RNS Number : 9295O Hyve Group PLC 06 February 2023 6 February 2023 Hyve Group plc ("Hyve" or the "Group") Notice of investor days and HY23 trading update Hyve Group plc, the next-generation global events business, today announces that it will host two investor days, with visits to events in March 2023: one in Las Vegas at Shoptalk on 27th March and the second in London at Bett on 30th March, where analysts and institutional investors will learn more about digitisation the Hyve way from the Group's senior and divisional leadership team, and see it in practice through visits to the Shoptalk meetings programme and Connect@Bett respectively. Registration and full information about events is available on hxxps://hyve.group/I Both Investor days are in-person events and there will be no option to attend virtually. Recordings of the presentations and corresponding slides will be available on the Group's website after the events. The Group will also issue a trading update for HY23 on 27th March to coincide with the first investor day. |
Posted at 29/1/2023 14:33 by southernsong Missed this RNS from last week:Hyve Group PLC Appointment of Non-Executive Director 27/01/2023 7:00am UK Regulatory (RNS & others) Hyve (LSE:HYVE) Historical Stock Chart From Dec 2022 to Jan 2023 Click Here for more Hyve Charts. TIDMHYVE RNS Number : 0344O Hyve Group PLC 27 January 2023 27 January 2023 Hyve Group plc ("Hyve" or the "Group") Appointment of Non-Executive Director Hyve Group plc, the next-generation global events business, today announces the appointment of Julie Harris as Non-Executive Director ("NED") of the Board of Directors effective 2 February 2023. Julie has a leadership and management background in the media and information technology sectors and is currently Chief Executive Officer of Comparison Technologies, a position she has held since November 2019. Julie has over 25 years' experience of working in B2B and B2C media and events businesses delivering on digital transformation and has been a NED of Which? Ltd for the last five years. Julie has been in executive leadership roles for over 10 years and has led teams in the UK and internationally, launching, acquiring and growing businesses, developing tech products and driving significant value. Julie has created diverse, inclusive and high-performance environments in the organisations she has been a part of. At Hyve, Julie will take on the role of ESG Committee Chair, providing Board-level oversight of the delivery of the Group's ESG strategy. Richard Last, Chairman of Hyve plc, commented: "I am delighted to welcome Julie to the Board of Hyve. Julie will be an asset to the Group, bringing over 25 years of industry experience leading strategic and digital transformations. I look forward to working with Julie and benefitting from her expertise, as Hyve continues to grow and diversify its products and portfolio ." Julie Harris said: "I am delighted to be joining the board of Hyve Group plc at such an exciting time in the evolution of the business. Out of the impressive transformation programme that Mark and his team have successfully delivered over the last five years, has emerged a portfolio of market-leading events, in advanced economies, with a smart digital diversification strategy and I look forward to being part of the next phase of evolution and growth." |
Posted at 08/1/2023 15:36 by southernsong Yes One_Frankel....absolI think we'll get a trading update at HYVE around the beginning of February (the AGM for the year ended 30th Sept is set for Tuesday 3rd). Also note that there are two Investor Days scheduled in March (one in London and one in Las Vegas). We already know that moving into Financial year 2023, the order book was looking superb. What's worth noting are the figures given in both the Pre-Close RNS of 5th October (which shows the forward order book sitting at some £68M) and contrasting this with the RNS of 13th December (which I've copied below), which shows that the order book had risen to some £98 Million). There are no two ways about it, that really is excellent organic growth and what is so impressive is that it has come with the elimination of the Russian and Ukraine markets (for obvious reasons) and STILL with the Chinese market yet to fully reopen. The Far East is no longer a main focus for HYVE as it has proven, quite brilliantly, just how well it can do from repositioning itself into established Western markets. But China, when it does reopen, will, I'm sure, provide a further significant boost to revenues on top of what we are already seeing. The big driver for 2023 could come from the USA via the ShopTalk / RetailTech and Fintech Meetup products. Currently the USA generates approx 30% of HYVE's revenues and as a relatively new player there what with their acquisition, you feel as though they have barely scratched the surface. The CEO has already stated that demand in the US was basically oversubscribed....so I am certain we will see massive upside in the US and perhaps this market is where we will see the likely 'new product launches' that are mentioned in recent RNS. Fintech and Retail/Shoptalk is where it is at in the US. The opportunity for expansion into both of those areas is vast. By any measure however, and on the early signals we've been given for 2023...you would have to say that it's looking like a record year ahead. And the restructuring of the debt (which is now reducing, meaningfully) with a new facility to Aug 2026 ads further reassurance. The CEO has stated on more than one occasion that the recovery of the business has been rapid and quicker than anticipated. It is the market which is slow to catch up here and although the share price is starting to recover, it is not yet even at the pre Russian invasion slump which occurred in March....the concerns around which the company has since answered emphatically. I think this is a solid buy and hold and I can see us back to 120p - 140p over the coming months. It could well move through that if the growth in 2023 is maintained and the new products (particularly into the US) launch successfully. If it continues to creep up as it has been that is fine. Likewise I am happy and prepared to take more should it pull back at any point. All my opinion only so NAI and ADYOR etc. Hyve Group PLC Preliminary Results 13/12/2022 7:00am Hyve (LSE:HYVE) Historical Stock Chart From Dec 2022 to Jan 2023 Click Here for more Hyve Charts. TIDMHYVE RNS Number : 5080J Hyve Group PLC 13 December 2022 13 December 2022 Hyve Group plc ("Hyve" or the "Group") FY22 Preliminary Results Fast pace of recovery delivered strong performance Transformation concluded: Platform for growth established -- Hyve is now unrecognisable from its form in 2017, with a streamlined and de-risked portfolio of global, market-leading events and almost 95% of revenue now in advanced economies -- Full schedule of FY22 events ran outside China delivering revenue of GBP122.5m (2021: GBP21.8m(1) ) with a number events outperforming pre-COVID-19 levels -- 110%(2) revenue recovery compared to pre-COVID-19 levels in the second half and 90%(2) revenue recovery for FY22, on a pro forma basis after excluding China(3) -- Headline profit before tax of GBP11.5m (2021: GBP13.9m(1) ) -- Headline EBITDA of GBP23.7m (2021: GBP28.0m). Excluding the impact of insurance proceeds of GBP19.3m (2021: GBP65.0m), headline EBITDA has increased by GBP41.4m to GBP4.4m (2021: loss of GBP37.0m(1) ) -- Headline diluted earnings per share of 4.2p (2021: 4.9p(1) ) -- Positive cash generation resulted in adjusted net debt of GBP71.0m (2021: GBP79.9m) at the lower end of the GBP70-90m guidance range from the beginning of FY22 -- As a result of the GBP135 million refinancing completed in October 2022, the Group has a strengthened balance sheet with facilities committed to Autumn 2026 and the financial security to drive further organic growth -- Entering 2023 with momentum and good visibility of earnings through strong forward bookings of GBP98m (FY22: GBP67m(1) ) Mark Shashoua, CEO of Hyve Group plc, commented: "2022 has been a year of significant achievements for Hyve as we drew a line in the sand on the past. The business is unrecognisable from its form in 2017. We have successfully delivered on our ambitious structural transformation and today's results show the significant progress we have made delivering an industry leading recovery and performance. This is a testament to the hard work of everyone at Hyve and I want to express my sincere thanks to our whole team. "Our portfolio of market-leading events is now de-risked, with almost 95% focused on advanced economies with an emphasis on digital-ready growth sectors. The most significant change to our portfolio during the year was the sale of the Russian business following Russia's invasion of Ukraine. I am pleased that we were able to find an outcome which answered our compliance with sanctions and moral obligations, while also offering stability to our 200+ former Russian colleagues and providing the best opportunity to realise value for the business. We continue to invest in our digital diversification and product extensions to deliver the highest quality customer experience and unbeatable return on investment. Hyve now has a strong platform from which to deliver growth and sustainable long-term value. "While we are mindful of the global economic headwinds, we are reassured by the strong visibility of future earnings, cash generative business model and forward bookings of GBP98m. We continue to see customers choosing market leading events even in times of economic downturn, as evidenced by double-digit growth in like-for-like customer spend for the third consecutive year going into 2023. |
Posted at 03/1/2023 10:40 by southernsong Happy New Year HYVE holders....and thank you One_Frankel I will take a look.RNS out. Note AGM date. I expect a further update on trading at around that time. Hyve Group PLC Publication of Annual Report and Notice of AGM 03/01/2023 10:30am UK Regulatory (RNS & others) Hyve (LSE:HYVE) Intraday Stock Chart Tuesday 3 January 2023 Click Here for more Hyve Charts. TIDMHYVE RNS Number : 4978L Hyve Group PLC 03 January 2023 3 January 2023 Hyve Group plc ("Hyve" or the "Company") Publication of Annual Report and Notice of Annual General Meeting Hyve Group plc today announces that its Annual Report for the financial year ended 30 September 2022 and the Notice of Meeting for the 2023 Annual General Meeting are available to view on the Company's website at www.hyve.group . In accordance with Listing Rule 9.6.1 a copy of the Annual Report, the Notice of Meeting and the Proxy Form have been submitted to the National Storage Mechanism and will shortly be available for inspection at hxxps://data.fca.org The Annual Report has been prepared using the single electronic reporting format specified in the TD ESEF Regulation. The Company's Annual General Meeting for the financial year ended 30 September 2022 will be held on Wednesday 1 February 2022 at 9.00 a.m. at the Hyve Group plc offices, 2 Kingdom Street, London W2 6JG. |
Posted at 13/12/2022 07:55 by southernsong Hyve Group PLC Preliminary Results13/12/2022 7:00am UK Regulatory (RNS & others) Hyve (LSE:HYVE) Intraday Stock Chart Tuesday 13 December 2022 Click Here for more Hyve Charts. TIDMHYVE RNS Number : 5080J Hyve Group PLC 13 December 2022 13 December 2022 Hyve Group plc ("Hyve" or the "Group") FY22 Preliminary Results Fast pace of recovery delivered strong performance Transformation concluded: Platform for growth established -- Hyve is now unrecognisable from its form in 2017, with a streamlined and de-risked portfolio of global, market-leading events and almost 95% of revenue now in advanced economies -- Full schedule of FY22 events ran outside China delivering revenue of GBP122.5m (2021: GBP21.8m(1) ) with a number events outperforming pre-COVID-19 levels -- 110%(2) revenue recovery compared to pre-COVID-19 levels in the second half and 90%(2) revenue recovery for FY22, on a pro forma basis after excluding China(3) -- Headline profit before tax of GBP11.5m (2021: GBP13.9m(1) ) -- Headline EBITDA of GBP23.7m (2021: GBP28.0m). Excluding the impact of insurance proceeds of GBP19.3m (2021: GBP65.0m), headline EBITDA has increased by GBP41.4m to GBP4.4m (2021: loss of GBP37.0m(1) ) -- Headline diluted earnings per share of 4.2p (2021: 4.9p(1) ) -- Positive cash generation resulted in adjusted net debt of GBP71.0m (2021: GBP79.9m) at the lower end of the GBP70-90m guidance range from the beginning of FY22 -- As a result of the GBP135 million refinancing completed in October 2022, the Group has a strengthened balance sheet with facilities committed to Autumn 2026 and the financial security to drive further organic growth -- Entering 2023 with momentum and good visibility of earnings through strong forward bookings of GBP98m (FY22: GBP67m(1) ) Mark Shashoua, CEO of Hyve Group plc, commented: "2022 has been a year of significant achievements for Hyve as we drew a line in the sand on the past. The business is unrecognisable from its form in 2017. We have successfully delivered on our ambitious structural transformation and today's results show the significant progress we have made delivering an industry leading recovery and performance. This is a testament to the hard work of everyone at Hyve and I want to express my sincere thanks to our whole team. "Our portfolio of market-leading events is now de-risked, with almost 95% focused on advanced economies with an emphasis on digital-ready growth sectors. The most significant change to our portfolio during the year was the sale of the Russian business following Russia's invasion of Ukraine. I am pleased that we were able to find an outcome which answered our compliance with sanctions and moral obligations, while also offering stability to our 200+ former Russian colleagues and providing the best opportunity to realise value for the business. We continue to invest in our digital diversification and product extensions to deliver the highest quality customer experience and unbeatable return on investment. Hyve now has a strong platform from which to deliver growth and sustainable long-term value. "While we are mindful of the global economic headwinds, we are reassured by the strong visibility of future earnings, cash generative business model and forward bookings of GBP98m. We continue to see customers choosing market leading events even in times of economic downturn, as evidenced by double-digit growth in like-for-like customer spend for the third consecutive year going into 2023. Your browser does not support HTML5 video. 1 Results for the year ended 30 September 2021 have been restated for the treatment of the Russian, Ukrainian and Turkish businesses as discontinued operations as disclosed in note 12 to the consolidated accounts. 2 As no events were able to run in China in the year, FY22 China revenues were GBPnil. The FY19 revenues for China have been removed to show the recovery level of events that were able to run during the year. 3 Recovery is assessed with reference to pro forma FY19 revenues. The FY19 revenues have been adjusted to include the FY19 results of acquisitions made since September 2019 and to exclude the FY19 results of businesses that have since been disposed of. The FY22 revenues are after excluding discontinued operations in respect of Russia, Ukraine and Turkey. Strategic and operational highlights -- Successfully completed portfolio transformation with full return of events outside China and strong performance across all KPIs -- Streamlined and de-risked portfolio, focused on advanced economies following disposals of Russia, Ukraine, Turkey, Indonesia and ABEC -- Growing omnichannel portfolio strengthened by acquisitions and successful integration of 121 Group and Fintech Meetup -- NPS scores well above industry average and pre-COVID-19 levels -- Organic growth being driven through product extensions such as Ahead by Bett, Shoptalk Europe and Green Energy Africa and the launch of full-scale meeting programmes following successful trials in FY22 -- Meaningful progress in embedding ESG strategy across the business Outlook -- Strong forward bookings and customer like-for-like spend with FY23 on track to be the third consecutive year of double-digit growth, providing good visibility and confidence in the year ahead -- Clear demand for Hyve events with further new launches planned in 2023 -- Proportion of tech-enabled revenues expected to grow as multiple full-scale tech-enabled meetings programmes are rolled out -- Planned investments into growth initiatives to scale up tech-enabled meeting programmes will have a positive impact on revenue and profitability -- Well positioned to deliver operating profit margin growth to ahead of pre-COVID-19 levels over the medium term Results presentation There will be an analyst and investor presentation via webcast hosted by Mark Shashoua, Chief Executive Officer and John Gulliver, Group Finance and Operations Officer at 9:15am (GMT) today. Webcast link: hxxps://kvgo.com/IJL Dial in number(s): UK-Wide: +44 (0) 33 0551 0200 UK Toll Free: 0808 109 0700 New York New York: +1 212 999 6659 USA Toll Free: 1 866 966 5335 Password: Quote 'Hyve' when prompted by the operator |
Posted at 07/12/2022 10:25 by southernsong The last trading update offers much encouragement.Barely got a mention on here... Hyve Group PLC Pre-close FY22 trading update and Turkey disposal 05/10/2022 7:00am UK Regulatory (RNS & others) Hyve (LSE:HYVE) Historical Stock Chart From Sep 2022 to Dec 2022 Click Here for more Hyve Charts. TIDMHYVE RNS Number : 7809B Hyve Group PLC 05 October 2022 5 October 2022 Hyve Group plc ("Hyve" or the "Group") Pre-close FY22 trading update and Turkey disposal Full revenue recovery in H2 and strong trading trajectory going into FY23 Hyve Group plc, the next-generation global events business, today announces a trading update for the year ended 30 September 2022, prior to entering its close period ahead of its preliminary results announcement. The Group has delivered revenue for FY22 of approximately GBP122m (2021: GBP22m), after excluding revenues from discontinued operations in respect of Russia, Ukraine and Turkey, having successfully run a full schedule of events outside China in FY22. This represents more than 85% recovery on a pro-forma basis[1] when compared to FY19, or more than 90% excluding China where there remains considerable disruption to event schedules. The speed of recovery has surpassed expectations and combined with strong like-for-like customer spend demonstrates that the demand for high-quality market leading events continues to grow. This has resulted in another year of headline profitability with less reliance on insurance proceeds, which have reduced to GBP19m (2021: GBP65m), and a return to positive headline EBITDA without insurance proceeds. Many in-person events already outperforming their pre-COVID editions The pace of in-person event recovery accelerated throughout FY22. Despite disruption caused by the Omicron variant in the first half of the year, revenue recovery compared to FY19 pro-forma revenues(1) was still approximately 75% in H1. This increased in the second half to approximately 100%, even without the Group's events in China in the final quarter of the financial year which did not take place due to COVID related restrictions. In September, two of the Group's largest events, Autumn Fair (UK) and Groceryshop (USA), took place and both significantly outperformed their previous editions. Groceryshop performed especially well, reporting revenues more than 40% higher than its largest pre-COVID edition and attracting more than 3,000 attendees. Expansion of omnichannel portfolio During the financial year the Group made significant progress in the continued development of its omnichannel strategy, including the rollout of further tech-enabled meetings programmes at in-person events, as well as the delivery of several successful fully online programmes. In addition, the strategic acquisitions of 121 Group and Fintech Meetup expanded the size and diversity of Hyve's omnichannel products. The Group ran 14 tech-enabled programmes in FY22, compared with four in FY21. These include a combination of digitally powered meeting programmes at in-person events and fully online experiences. GBP135m debt refinancing and year-end net debt at lower end of guidance As announced on 3 October 2022, the Group has signed new debt facilities totalling GBP135m, comprising a GBP115m term loan and a GBP20m super senior revolving credit facility ('SSRCF'). The new debt facilities will replace the Group's previous debt facilities, with the GBP101m debt at 30 September 2022 to be repaid in full on 20 October 2022 when the new funds are to be drawn. As of 30 September 2022, the Group's adjusted net debt ([2]) was approximately GBP72m, which is at the lower end of the previously stated FY22 year-end guidance of GBP70m-GBP90m following strong trading performance and cash generation. Disposal of Turkish Business in line with the Group's strategy The Group has continued to streamline its portfolio, in line with its strategy to focus on market leading events in advanced economies, and has entered into an agreement to sell Hyve Fuarcılık Anonim irketi and its subsidiaries ( the "Turkish Business") for consideration of up to GBP8m to ICA (JV) Limited. The Group will receive consideration of GBP2m on completion, less customary working capital adjustments, and between GBP4m and GBP6m of deferred consideration , payable over the six year period until December 2028 based on the profitability of the Turkish Business. The Turkish Business operates five events in Turkey and for the year ended 30 September 2021 reported a loss before tax of GBP0.7m. As of 30 September 2021, the Turkish Business had gross assets of GBP1.9m. The Directors intend to use the proceeds to reduce the Group's net debt. Completion of the disposal is conditional on completion of the Group's refinancing announced on 3 October 2022. The disposal of the Turkish Business, following the management buyout of Ukraine announced on 17 July 2022, completes the disposal in full of the Group's Eastern & Southern Europe division. Added to the exits from Russia and Indonesia earlier in the year, the Group has significantly reduced its exposure to more volatile countries and FX rate fluctuations. The Group's operations are now more concentrated in advanced economies and its US presence has significantly increased compared to previous years. Approximately 30% of the Group's revenues are now generated in the US and therefore the recent strengthening of the dollar against sterling is expected to have a positive impact on the Group's results in FY23. Strong forward bookings and growth in customer spend give confidence in the outlook for FY23 Positive trading momentum continues as the Group starts FY23, with forward bookings of approximately GBP68m giving confidence in the year ahead. This compares to GBP50m this time last year going into FY22[3], which included significant rollovers from events cancelled in FY21. The continuous improvement in trading performance is a testament to the Group's high-quality market leading events enhanced by the successful roll-out of the omnichannel strategy across the portfolio, despite challenges across the wider economic and geopolitical environment. Uncertainty around running events in China remains, but the Group notes relaxation of the COVID-19 related rules on a region-by-region basis and currently plans to run a full schedule of events in China in FY23. China represents less than 10% of Group revenues. Mark Shashoua, CEO of Hyve Group plc said: "It is clear that our business has now almost fully recovered from the turbulence of the last two years, and in many cases, we are pleased to have delivered significant growth compared to pre-COVID performance. "The continued growth of customer like-for-like spend reinforces our strategy of focusing on only market leading events as customers are clearly directing marketing budgets towards key events in their sectors. In terms of our geographical focus, we continued to concentrate our capital on high growth industries in advanced economies. The sale of the Turkish Business announced today is another milestone in this direction. We are pleased to have found the right buyer who can offer the necessary investment and support to the team, along with regional expertise. I would like to thank all of the people in the Turkish Business and wish them the best in all of their future success." "Looking ahead, we must of course remain vigilant/mindful of macroeconomic challenges, however we are optimistic about the next 12 months and this optimism is underpinned by strong forward bookings and an increase in like-for-like customer spend. We enter FY23 with a de-risked and concentrated portfolio of market leading events, clear opportunities for continued growth - both through analogue and digital - and our ever-present commitment and energy to make those a reality." The Group will be publishing its preliminary results for FY22 on 13(th) December 2022. |
Posted at 03/6/2020 14:05 by elgordo The "additional" 1350 shares are your rights - each one gives you the right to buy one normal share for 69p. Because this is below the current market price, the rights have a value in their own right. So, your main choices are:- exercise your rights, i.e. pay 1350 x 69p = £931.50 to buy 1350 new shares (you could choose to only exercise some but not all if you wish) - sell your rights; they should each be worth roughly the current Hyve share price less 69p (again, you could sell just some, and exercise the rest) - do nothing, it which case the rights become worthless on 8 June |
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