Key Developments: Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Chemring Group PLC appoints Group Chief Executive
Tuesday, 24 Jun 2014 02:00am EDT 

Chemring Group PLC:Says Michael Flowers has been appointed Group Chief Executive with immediate effect.  Full Article

Chemring Group PLC declares interim dividend
Tuesday, 24 Jun 2014 02:00am EDT 

Chemring Group PLC:Declares interim dividend of 2.4 pence per ordinary share.Interim dividend will be paid on Aug. 15 to shareholders on register at July 25.  Full Article

Chemring Group PLC acquires 3D-Radar
Friday, 9 May 2014 02:01am EDT 

Chemring Group PLC:Acquires entire issued share capital of 3d-Radar AS, subsidiary of Curtiss-Wright Corporation.For total cash consideration of $3.0 mln.3d-Radar, based in Trondheim, Norway, is developer of commercial three-dimensional (3D) ground penetrating radar (GPR) technology.Under the terms of Acquisition, cash consideration of $3.0 mln will be funded from existing cash resources.  Full Article

Chemring Group PLC proposes disposal of european munitions business
Thursday, 24 Apr 2014 02:00am EDT 

Chemring Group PLC:Proposes disposal of european munitions business for aggregate cash consideration for Mecar and Simmel of up to 167.8 mln euros from Nexter Systems SA, following a competitive sale process.This strategic disposal re-shapes the Group for future growth and enables Chemring to refocus on its core competencies.Net Disposal proceeds will be applied to repay part of the Group's revolving credit facility with the balance offered to holders of the Group's loan notes, with whom it has agreed improved arrangements.Disposal is conditional, inter alia, upon the approval of Chemring shareholders and regulatory approval in Italy.  Full Article

Chemring Group PLC completes disposal of chemring energetic devices' clear lake business
Monday, 27 Jan 2014 02:00am EST 

Chemring Group PLC:Successfully completes the sale of chemring energetic devices' Clear Lake build-to-print business to AMTEC Corporation, having received all necessary approvals.  Full Article

Chemring Group PLC recommends final dividend
Thursday, 23 Jan 2014 02:00am EST 

Chemring Group PLC:Says its board is recommending a final dividend for the year of 3.8p (2012: 4.2p).Says the final dividend is to be paid on May 9 to all shareholders registered at the close of business on Apr 22.Says the ex-dividend date will be Apr 16.  Full Article

Chemring Group PLC Sees FY 2013 Outlook Towards Lower End Of Prior Range-DJ
Tuesday, 18 Jun 2013 02:38am EDT 

Dow Jones reported that Chemring Group PLC reported a swing to pretax loss for the half year ended April 30, and said while the quality of operations is improving, incomplete details related to U.S. defense spending cuts makes forecasting particularly difficult and the outlook is toward the lower end of expectations for fiscal 2013. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of GBP701.06 million and net income of GBP50.62 million for fiscal 2013.  Full Article

Chemring Group PLC Announces Interim Dividend
Tuesday, 18 Jun 2013 02:00am EDT 

Chemring Group PLC announced that the Board has declared an interim dividend of 3.4p per ordinary share (2012: 5.3p). The interim dividend will be paid on August 15, 2013 to shareholders on the register at July 26, 2013.  Full Article

Chemring Group PLC's Subsidiary Receives Further Delivery Order
Wednesday, 24 Apr 2013 02:01am EDT 

Chemring Group PLC announced that the Company's subsidiary in the United States (US), Non-Intrusive Inspection Technology, Inc. (NIITEK), has been awarded a further delivery order worth USD 24 million to provide spares for the Husky Mounted Detection System (HMDS) for the US Army. This supplements the USD 9 million order received in February 2013. These two latest delivery orders are part of the USD 579 million multi-year HMDS Ground Penetrating Radar Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract that was awarded on April 30, 2012. All items will be delivered on a firm fixed price basis by April 2014.  Full Article

Chemring Group PLC Subsidiary Awarded USD 28.5 Million Contract
Tuesday, 29 Jan 2013 02:00am EST 

Chemring Group Plc announced that its subsidiary, Chemring Detection Systems, has been awarded a USD 28.5 million delivery order against a multi-year IDIQ contract to supply chemical detection systems to the United States Army. The Edgewood Contracting Division of the US Army Contracting Command-APG has ordered more than 100 Joint Services Lightweight Standoff Chemical Agent Detectors.  Full Article

UPDATE 3-British defence contractor Chemring CEO Papworth steps down

* Shares fall as much as 12.5 pct, top loser on LSE (Adds analyst comment; updates share movement)

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