Key Developments: Carphone Warehouse Group PLC (CPW.L)

CPW.L on London Stock Exchange

305.00GBp
11 Jul 2014
Price Change (% chg)

-2.00p (-0.65%)
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Latest Key Developments (Source: Significant Developments)

Carphone Warehouse Group PLC Announces Proposed Acquisition of Best BUY Co Inc's 50% Stake in CPW Europe; Announces Placing of New Ordinary Shares to Fund Proposed Acquisition
Tuesday, 30 Apr 2013 02:01am EDT 

Carphone Warehouse Group PLC announced that it has conditionally agreed to acquire the 50% of New BBED Limited (CPW Europe) that the Company does not already own from Best BUY Co Inc (Best Buy) for a net consideration of GBP 471 million (the Proposed Acquisition). GBP 341 million of the net consideration will be paid in cash on completion of the Proposed Acquisition with the balance satisfied by the issue to Best Buy on completion of a GBP 80 million stake in Carphone Warehouse and GBP 50 million of deferred cash consideration payable in two equal instalments on the first and second anniversaries of completion. Carphone Warehouse Group PLC also announced the placing of 47,228,179 new ordinary shares of 0.1 pence each in the capital of the Company (Ordinary Shares), (the Placing Shares), (the Placing) representing approximately 9.99% of the Company's existing issued ordinary share capital. The net proceeds of the Placing will be used to partly fund the Proposed Acquisition. The Company's Chairman and Executive Directors intend to participate in the Placing.  Full Article

Carphone Warehouse Group PLC Reaffirms FY 2013 EPS Guidance-Conference Call
Tuesday, 30 Apr 2013 02:01am EDT 

Carphone Warehouse Group PLC announced that it is reiterating fiscal 2013, headline earnings per share (EPS) guidance of GBP0.115 to GBP0.130. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of GBP0.120 for fiscal 2013.  Full Article

Carphone Warehouse Group Plc Announces Proposed Placing Of 9.99% Of Existing Issued Ordinary Share Capital; Comments on Conditional Agreement to acquire 50% of New BBED Limited
Tuesday, 30 Apr 2013 02:00am EDT 

Carphone Warehouse Group PLC announced the placing of 47,228,179 new ordinary shares of 0.1 pence each in the capital of the Company (Ordinary Shares), (the Placing Shares), (the Placing), representing approximately 9.99% of the Company's existing issued ordinary share capital. The Placing is being conducted through an accelerated bookbuilding process which will be launched immediately following this Announcement. The Company's Chairman and Executive Directors intend to participate in the Placing. Deutsche Bank AG, London Branch (Deutsche Bank) and UBS Limited (UBS) are acting as joint lead managers and joint bookrunners (the Bookrunners or Managers) in connection with the Placing. The Company has also announced that it has conditionally agreed to acquire the 50% of New BBED Limited (CPW Europe) that the Company does not already own from Best Buy Co., Inc. (Best Buy) for a net consideration of £471 million (the Proposed Acquisition). The net proceeds of the Placing will be used to fund in part the cash consideration for the Proposed Acquisition.  Full Article

Carphone Warehouse Group PLC Reaffirms FY 2013 EPS Guidance-DJ
Thursday, 24 Jan 2013 07:20am EST 

Dow Jones reported that Carphone Warehouse Group PLC reaffirmed earnings per share (EPS) guidance in the range of 11.5 pence-13.0 pence. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of 12.04p for fiscal 2013.  Full Article

Carphone Warehouse Group PLC Announces Interim Dividend
Wednesday, 14 Nov 2012 02:05am EST 

Carphone Warehouse Group PLC announced that Board has declared an interim dividend of 1.75p per share, in line with last year's interim distribution. The ex-dividend date is November 21, 2012, with a record date of November 23, 2012 and an intended payment date of December 14, 2012.  Full Article

Carphone Warehouse Group PLC Reiterates FY 2013 EPS Guidance
Tuesday, 13 Nov 2012 09:00pm EST 

Carphone Warehouse Group PLC reiterated its fiscal 2013 guidance and expects EPS to be in the range of 11.5p - 13.0p. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of 12.08p for fiscal 2013.  Full Article

UPDATE 1-Carphone silent on Dixons talks as sales rise

LONDON, April 29 - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW business.

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