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 |
---|---|---|---|---|---|
Shaftesbury Capital Plc | LSE:SHC | London | Ordinary Share | GB00B62G9D36 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.30 | 1.66% | 140.50 | 139.90 | 140.30 | 141.00 | 139.10 | 139.70 | 4,046,751 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 195.1M | 750.4M | 0.3842 | 3.65 | 2.74B |
TIDMCAPC
RNS Number : 6933N
Capital & Counties Properties Plc
26 September 2019
26 September 2019
CAPITAL & COUNTIES PROPERTIES PLC ("Capco")
Update on proposed demerger of Covent Garden
On 25 July 2019, the Company announced its intention to launch Covent Garden as a central London focused REIT through its demerger from Capco. The Company also confirmed that there had been a broad range of interest in Earls Court but that there was no certainty of a sale being completed.
Since then preparations for the demerger and documentation have been substantially finalised. In addition, there has been progress with parties interested in acquiring the Earls Court business, including in relation to due diligence and commercial terms, and certain relevant stakeholders have indicated that selected potential buyers would represent acceptable counterparties. Indicative pricing continues to represent a range of discounts to the balance sheet value. In assessing interest from potential buyers, the Board continues to focus on value and deliverability.
Accordingly the Board has determined to continue to work with selected parties towards achieving a sale. The Board believes that separation of the two businesses is in shareholders' interests and it is expected that demerger documentation will be published by the end of October 2019 if a sale of Earls Court is not progressed satisfactorily.
Further announcements will be made in due course.
Enquiries
Capital & Counties Properties PLC
+44 (0)20 3214 Ian Hawksworth Chief Executive 9188 +44 (0)20 3214 Situl Jobanputra Chief Financial Officer 9183 +44 (0)20 3214 Sarah Corbett Head of Investor Relations 9165
Media enquiries
+44 (0)20 3214 Sarah Hagan Director of Communications 9185 +44 (0)20 7353 UK: Tulchan Jessica Reid 4200 SA: Instinctif Frederic Cornet +27 (0)11 447 3030
Notes to Editors
About Capital & Counties Properties PLC (Capco)
Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates at Covent Garden and Earls Court were valued at GBP3.2 billion as at 30 June 2019 (Group share). The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.
www.capitalandcounties.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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.
END
UPDCKPDDABKDCCB
(END) Dow Jones Newswires
September 26, 2019 02:00 ET (06:00 GMT)
1 Year Shaftesbury Capital Chart |
1 Month Shaftesbury Capital 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