British Land Company PLC (BTLCY) Q4 2024 Earnings Call Transcript
British Land Company PLC (OTCPK:BTLCY) Q4 2024 Earnings Conference Call May 22, 2023 3:30 AM ET Company Participants Simon Carter - CEO Bhavesh Mistry - CFO Darren Richards - Head of Real Estate Conference Call Participants Ben Richford - Bernstein Rob Jones - BNP Paribas Sam Knott - Kolytics Zachary Gauge - UBS Tom Musson - Goldman Sachs Marc Mozzi - Bank of America Adam Shapton - Green Street Simon Carter Thank you very much for joining us for our Full Year Results. It's been quite a busy year for the business, you have probably noticed, particularly in the last couple of months, so we've got plenty to cover.
Diversified Energy Company PLC (DEC) Beats Stock Market Upswing: What Investors Need to Know
In the most recent trading session, Diversified Energy Company PLC (DEC) closed at $14.27, indicating a +0.85% shift from the previous trading day.
Ecora Resources PLC Announces Transaction in Own Shares
LONDON, UNITED KINGDOM / ACCESSWIRE / May 20, 2024 / Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) announces that on 20 May 2024, it purchased 200,000 ordinary shares of 2p each in the Company (the "Shares") on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 (the "Programme"). The shares acquired will be held in treasury.Date of purchase:17 May 2024Aggregate number of ordinary shares purchased:200,000Lowest price paid per share (pence per share):86.00Highest price paid per share (pence per share):87.40Volume weighted average price paid per share (pence per share):86.62Following the purchase, the Company will have 261,732,553 ordinary shares of 2p each in issue, of which 11,875,656 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 249,856,897.The above figure of 249,856,897 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Peel Hunt LLP as part of the Programme.Name of IssuerIdentity code of the financial instrumentDateTimePrice (pence)Quantity boughtExchange VenueEcora Resources PLCGB000644936620/05/202409:16:3586.00111,181LSEEcora Resources PLCGB000644936620/05/202411:20:3987.4088,819LSEFor further informationEcora Resources PLC+44 (0) 20 3435 7400Jason Gray - Company SecretaryWebsite:www.ecora-resources.comFTI ConsultingSara Powell / Ben Brewerton / Nick Hennis+44(0) 20 3727 [email protected] 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 [email protected] or visit www.rns.com.SOURCE: Ecora Resources PLC
Abrdn European proposes wind-down after strategic review
(Alliance News) - abrdn European Logistics Income PLC on Monday said it will propose an orderly wind-down, which its chair called "the optimal route to maximise shareholder value". The London-based investment trust, which backs European warehouse properties, commenced its strategic review and formal sales process in late November."The board launched the strategic review recognising that the company faces a number of challenges, at both a macro and company specific level," abdrn European noted.It reiterated that these challenges include its GBP234 million market capitalisation, which it believes is "liable to deter some potential investors due to lower share liquidity"; a "materially uncovered" target annual dividend of 5.64 euro cents per share; and its stock "trading at a significant and persistent discount to the net asset value per share".abrdn European's NAV at December 31 was 93.4 cents per share, down 21% from 118.9 cents one year prior.On Monday afternoon in London, the stock was trading 1.6% higher at 61.80 pence per share.abrdn European said that after a detailed review of its available options, it has decided to propose a managed wind-down of the company. The indicative potential value from the wind-down, the trust explained, "is materially in excess of the net value achievable from the indicative cash offers received, all of which were subject to a number of preconditions and all of which represented material discounts to the company's current net asset value".Other factors influencing the board's decision, abrdn European added, include the fact that "a significant majority of interested parties" have indicated their "strong preference" to buying individual assets, or assets in certain geographies, rather than acquiring the whole portfolio. abrdn European added that if shareholders approve the wind-down, it intends to continue paying dividends, although these decrease as the portfolio shrinks and as it returns capital to shareholders. "The board undertook the strategic review to enable it to comprehensively evaluate all options for shareholders, with strong interest shown in the company," commented Chair Tony Roper. "Despite retaining a high conviction in the logistics asset class and investment strategy, given the challenges facing both the company and the broader investment trust sector, the board has concluded that a managed wind-down in a timely manner is the optimal route to maximise shareholder value in the short to medium term."By Emma Curzon, Alliance News reporterComments and questions to [email protected] 2024 Alliance News Ltd. All Rights Reserved.
InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 20
Purchase of own shares LONDON, UK / ACCESSWIRE / May 20, 2024 / The Company announces that on 17 May 2024 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 3 May 2024 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 20 February 2024, as announced on 20 February 2024.
Ecora Resources PLC Announces Transaction in Own Shares - 2
LONDON, UNITED KINGDOM / ACCESSWIRE / May 17, 2024 / Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) announces that on 17 May 2024, it purchased 200,000 ordinary shares of 2p each in the Company (the "Shares") on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 (the "Programme"). The shares acquired will be held in treasury.
Ecora Resources PLC Announces Transaction in Own Shares
LONDON, UK / ACCESSWIRE / May 17, 2024 / Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) announces that on 16 May 2024, it purchased 100,000 ordinary shares of 2p each in the Company (the "Shares") on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 (the "Programme"). The shares acquired will be held in treasury.
InterContinental Hotels Group PLC Announces Transaction in Own Shares – May 17
LONDON, UNITED KINGDOM / ACCESSWIRE / May 17, 2024 / The Company announces that on 16 May 2024 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 3 May 2024 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 20 February 2024, as announced on 20 February 2024.
