Kesa Electricals Share Discussion Threads

[maywillow] 06/7/2003 22:47

Long Tech,tend to agree. Feel however that any move up will only come when imho,the warranty debacle is out of the way in September. Also if there is a clear sign that the electricals have an expanding market and there is further news of consolidation or an out right bid for all or part of Kesa.

Might be best to wait and watch.

Good Luck with what ever you decide.

[longtech] 06/7/2003 16:07

I think it is generally agreed Kesa will fall tomorrow.
What i'd love to know is wether it will continue to fall in
the weeks ahead or wether buying some late tomorrow will
be the smart move.
A very heavy fall tomorrow is the only signal for me to buy.

[grupo guitarlumber] 05/7/2003 00:06

LONDON (AFX) - Kingfisher PLC, the European retail group, said its
shareholders have approved the demerger of its electricals business Kesa
Electricals PLC.
At an extraordinary general meeting held this morning, all the resolutions
to effect the demerger, including the consolidation of Kingfisher shares, were
approved.
The demerger is expected to become effective on Monday July 7.
On the same day dealings in Kesa Electricals shares will commence on the
London Stock Exchange and on the Premier Marche in Paris.
jdd/rn

[grupo guitarlumber] 04/7/2003 17:49

4 July 2003

Kingfisher plc shareholders approve demerger of Kesa Electricals plc

At an Extraordinary General Meeting of Kingfisher plc (“Kingfisher”)
held this morning, all the resolutions to effect the demerger of
Kingfisher’s electricals business, Kesa Electricals plc (“Kesa
Electricals”), including the consolidation of Kingfisher shares,
were approved.

It is expected that the demerger will become effective on Monday, 7
July 2003 and that dealing in the consolidated shares in Kingfisher
and Kesa Electricals will commence at opening of business on that
day. Kesa Electricals will be listed on the London Stock Exchange
and will have a secondary listing on the Premier Marche in Paris.

As a result of this approval of the Demerger, Jean-Noël Labroue
resigns today as a Director of Kingfisher to become Chief Executive
of Kesa Electricals.

The Company has determined that it will redeem the £200 million
8.125 per cent. Bonds due 2007 (“the Bonds”) in accordance with
their conditions. A notice of Redemption of the Bonds will be
published in the Financial Times on Monday 7 July 2003.

Sir Francis Mackay, Chairman of Kingfisher plc, commented:

“I am delighted that shareholders have given this demerger such a
strong vote of approval. This creates two independent businesses
with strong brands, market leading positions and experienced
management teams.”

“On a personal note, I would like to thank all those who have worked
hard to deliver this demerger on time, and also offer my best wishes
for a bright future to Jean-Noël and all his colleagues at Kesa
Electricals.”

-ends-

[grupo guitarlumber] 29/6/2003 16:26

LONDON (AFX) - Kingfisher PLC is facing a second shareholder revolt within a
month as the retailing giant bids to win approval for a lucrative remuneration
package for directors at Kesa, its electricals business, which is being
demerged, The Sunday Telegraph reported citing The Assocaition of British
Insurers.
They have flagged the share plan for Kesa executives as a "red top" or
urgent issue for shareholders. Pirc and Manifest, two shareholder pressure
groups, have also raised concerns, the newspaper said.
The newspaper added that the Kingfisher board will come under pressure from
shareholders at its extraordinary general meeting on Friday. They have been
incensed by the speed of the demerger and the lack of consultation over the
share scheme.
The revolt comes just five weeks after Kingfisher, chaired by Sir Francis
Mackay, was forced into an embarrassing U-turn over the contracts of its top
executives in a bid to stave off a shareholder revolt at its annual general
meeting. The company was also forced to radically revise a share option scheme
for Gerry Murphy, the chief executive.
"Investors feel that the committee needed more time to look at what Kesa's
directors are being paid. But they are also dismayed that there has not been
greater communication from Kingfisher to them directly," an ABI spokesman is
reported as saying.
Investors are demanding that the company revise the share option scheme. The
scheme is designed to compensate executives who are moving to Kesa and as a
result will see their options in Kingfisher lapse.
ml/jkm/

[waldron] 29/6/2003 06:26

6 days to go

[maywillow] 28/6/2003 22:59

NEVER SAY NEVER

[maywillow] 27/6/2003 17:24

RNS Number:9066M
FTSE
27 June 2003




Kingfisher PLC (UK): Demerger of Kesa Electricals PLCChanges In FTSE Indices

27 June 2003
In accordance with the demerger documents and subject to the Kingfisher EGM on 4 July 2003, Kesa is expected to
commence trading on Monday 7 July 2003.

In order to provide forward notification, FTSE index constituent changes resulting from the proposed demerger will be
announced after the close of business on Wednesday 2 July 2003, based on the market value of Kingfisher and the
estimated market value of Kesa at that time.

[grupo guitarlumber] 25/6/2003 08:43

LONDON (AFX) - Jeremy Darroch, finance director of Dixons Group PLC,
described recent analyst comment arguing the electrical retailer's lowly
valuation makes the group vulnerable to a takeover bid as "speculation".
"Whether we are (vulnerable) or not is not really for us," he told reporters
after Dixons published its full year results.
"What we're focused on is driving the business' performance," he maintained,
adding "those (analyst) comments are speculation."
Darroch declined to comment when asked if Dixons has received any formal or
informal takeover approaches.
At 7.59 am shares in Dixons, which have come off a 2002 high of 261-1/2,
were up 8-1/4 pence, or 7.4 pct, at 120.
[e-mail]
jdd/rn

[maywillow] 17/6/2003 14:04

RNS Number:4257M
Kingfisher PLC
17 June 2003


17 June 2003


Kingfisher plc

Proposed demerger and listing of Kesa Electricals plc on 7 July 2003

Listing Particulars relating to Kesa Electricals plc (the "Listing Particulars")
and a Circular from Kingfisher plc to its shareholders (the "Circular") relating
to the proposed demerger of Kingfisher's electricals business and the listing of
Kesa Electricals plc, the proposed holding company of the electricals business,
have today been published.

Copies of the Listing Particulars and Circular are available for inspection at
the registered office of Kingfisher plc, 3 Sheldon Square, Paddington, London,
W2 6PX.

A copy of the Listing Particulars and Circular have been submitted for public
inspection at the Document Viewing Facility of the UK Listing Authority, The
Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14
5HS.


Enquiries

Kingfisher plc

Ian Harding [phone]



UBS Investment Bank

Jos Trusted + 44 (0)20 7568 2991

[maywillow] 13/6/2003 16:10

A full press release providing further details of the demerger will
be issued on 17 June 2003. On the same day, Kesa’s management team
will host a presentation about its business to research analysts in
London.

Kingfisher will hold an extraordinary general meeting on 4 July to
seek shareholder approval for the demerger.

source: Kingfisher Plc

[maywillow] 13/6/2003 13:19

LONDON (AFX) - Kingfisher PLC said Michel Brossard, Andrew Robb and Peter
Wilson today been appointed as non-executive directors of its Kesa Electricals
plc unit ahead of its demerger.
Full details of the demerger will be given on June 17, the company said.
[e-mail]
kl

[maywillow] 13/6/2003 11:17

Calendar


Description 2007
Pre-Close Announcement 18th January
Full Year Announcement 21st March
Q1 Announcement and AGM 23rd May
H1 Pre-Close Announcement 26th July
Interim Announcement 26th September (tbc)
Q3 Announcement 22nd November