Key Developments: Bovis Homes Group PLC (BVS.L)

BVS.L on London Stock Exchange

815.50GBp
16 Apr 2014
Price Change (% chg)

2.50p (+0.31%)
Prev Close
813.00p
Open
827.50p
Day's High
828.50p
Day's Low
807.50p
Volume
250,186
Avg. Vol
312,950
52-wk High
946.00p
52-wk Low
699.90p

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Latest Key Developments (Source: Significant Developments)

Bovis Homes Group PLC secures return enhancing private rental sector deals
Monday, 24 Mar 2014 03:00am EDT 

Bovis Homes Group PLC:Says contracts have been signed for two separate private rental sector (PRS) transactions.The Group has signed contracts with two separate investors, one of which is accessing funding through the Government's Build to Rent Scheme, to sell new homes under two PRS transactions across a range of sites already owned by the Group.Two transactions involve circa 510 homes with a total revenue of about 80 mln pounds, which circa 250 homes are expected to legally complete in 2014 with the remainder in 2015.  Full Article

Bovis Homes Group PLC proposes final dividend
Monday, 24 Feb 2014 02:00am EST 

Bovis Homes Group PLC:Proposes a final dividend of 9.5 pence per share.Payment date May 23.Record date March 28.  Full Article

Bovis Homes Group plc Announces Interest Of BlackRock UK Special Situations Fund
Monday, 23 Sep 2013 04:33am EDT 

Bovis Homes Group plc announced that BlackRock UK Special Situations Fund holds 5,448,553 shares, representing 4.06% of voting power in the Company.  Full Article

Bovis Homes Group PLC Sign Further GBP50 Million Banking Arrangement-DJ
Tuesday, 27 Aug 2013 02:27am EDT 

Dow Jones reported that Bovis Homes Group PLC said that it has signed a further GBP50 million commitment as part of its banking deal to provide the Group with additional financial flexibility. The Group has signed a GBP50 million extension to the GBP125 million committed revolving credit facility agreed in January taking the facility to GBP175 million in total. Combined with the three year term loan of GBP25 million entered into in January 2013, the Group now has GBP200 million of facilities in place. The GBP50 million extension, with the existing syndicate banks, expires in December 2015 with the remaining GBP125 million expiring in March 2017. This additional facility gives the Group improved financial flexibility to take advantage of opportunities in the consented and strategic land market.  Full Article

Bovis Homes Group PLC Announces Interim Dividend
Monday, 19 Aug 2013 02:00am EDT 

Bovis Homes Group PLC announced an interim dividend of 4.0 pence per share has been declared (2012 interim dividend: 3.0 pence). The interim dividend will be paid on November 22, 2013 to holders of ordinary shares on the register at the close of business on September 27, 2013.  Full Article

Bovis Homes Group PLC Announces Ownership Interest Of Norges Bank
Monday, 5 Aug 2013 10:40am EDT 

Bovis Homes Group PLC announced that Norges Bank has a holding interest of 6,650,077 ordinary shares representing 4.96% of issued share capital of the Company.  Full Article

Bovis Homes Group PLC Proposes 2012 Final Dividend
Monday, 25 Feb 2013 02:08am EST 

Bovis Homes Group PLC announced that the board has proposed a 2012 final dividend of GBP0.06 pence per share. This dividend will be paid on May 24, 2013 to holders of ordinary shares on the register at the close of business on April 2, 2013. Combined with the interim dividend paid of 3.0p, the dividend for the full year totals 9.0 pence compared to a total of 5.0 pence paid in 2011, an increase of 80%.  Full Article

Malcolm Harris Intends To Retire As Non-Executive Chairman Of Bovis Homes Group PLC
Friday, 22 Feb 2013 11:00am EST 

Bovis Homes Group PLC announced that Malcolm Harris, non-Executive Chairman, intends to retire from the Board on November 30, 2013. In line with established succession planning arrangements, the Board is commencing the search for a new non-executive Chairman and will announce the outcome in due course.  Full Article

Bovis Homes Group plc Signs New Long Credit Facility
Wednesday, 30 Jan 2013 02:00am EST 

Bovis Homes Group plc (Group) announced that it has signs a new long term unsecured banking deal that provides the Group with financial flexibility. The Group has entered into a GBP 125 million committed revolving credit facility expiring in March 2017 and a three year term loan of GBP 25 million. This financing arrangement replaces the Group's previous GBP 150 million committed revolving credit facility. The facility syndicate comprises four existing relationship group banks, one of which is providing the term loan, and one new bank. The facility and the term loan include a covenant package featuring three covenants tested semi-annually as per the previous facility agreement. The overall financing cost of the new arrangement is in line with the existing facility.  Full Article

Bovis Homes Group plc Sees FY 2012 PBT Ahead Of Market Expectations
Friday, 18 Jan 2013 02:00am EST 

Bovis Homes Group plc announced that it expects profit before tax for fiscal 2012 ahead of market expectations.  Full Article

BRIEF-Bovis Homes secures two private rental sector transactions

March 24 - Bovis Homes Group PLC : * Contracts have been signed for two separate private rental sector (PRS)

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