We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rockwood Strategic Plc | LSE:RKW | London | Ordinary Share | GB00BRRD5L66 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 237.50 | 231.00 | 244.00 | 237.50 | 236.50 | 236.50 | 32,718 | 08:00:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 10.34M | 8.43M | 3.1359 | 0.76 | 6.38M |
TIDMRKW
Rockwood Strategic PLC
12 December 2022
REACH
Rockwood Strategic plc
("RKW" or the "Company")
Comment re Crestchic Statement
Rockwood Strategic Plc (LSE: RKW) is delighted that our largest investment has been subject to a takeover offer, which the Manager supports. The strategic engagement which the Investment Team have had with Crestchic plc, formerly Northbridge Industrial Services, over the last three years exemplifies the differentiated and value-added strategy we pursue. Should shareholders vote to approve the recommended cash offer for the Crestchic business, the IRR to RKW shareholders would be approximately 31.5% and the money multiple 6.4x. We see a structural opportunity for our investment approach to continue to deliver excellent returns for shareholders which is enhanced further, in the Manager's view, by the current market environment.
Noel Lamb, Chairman of RKW said : "This is yet another terrific demonstration of how Rockwood Strategic delivers for our shareholders and the benefits of a differentiated, concentrated, engaged investment approach. The performance of the fund is second to none amongst its peers"
"It's hands on. We've rolled up our sleeves. We've engaged with the company to catalyse change and support value creation. Crestchic's team have since transformed the business through their hard work and focus on shareholder value. This is a great result for all stakeholders. We look forward to reinvesting the significant proceeds from this offer in a cash and capital hungry environment, seeding our future returns. Our exciting investment pipeline continues to grow, whilst the portfolio continues to deliver." Richard Staveley
"The experienced Rockwood team have been a dynamic and constructively engaged shareholder, who have helped us realise, unlock and create shareholder value for all". Peter Harris, Chairman Crestchic Plc
For further information, please contact:
Rockwood Strategic plc Chairman Noel Lamb 020 7264 4444 Harwood Capital LLP Christopher Investment Manager Hart 020 7640 3200 James Maxwell Singer Capital Markets Advisory Alex Bond LLP James Fischer 020 7496 3000
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NRAEAKANEFSAFFA
(END) Dow Jones Newswires
December 12, 2022 02:00 ET (07:00 GMT)
1 Year Rockwood Strategic Chart |
1 Month Rockwood Strategic 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