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De La Rue PLC (DLAR.L)

DLAR.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

De La Rue says expectations for 2017/18 remain unchanged
Thursday, 20 Jul 2017 02:00am EDT 

July 20 (Reuters) - De La Rue Plc :Group's order book remains strong at end-q1, providing good visibility and confidence at this early stage of financial year.Group's performance expected to be weighted towards h2 of financial year, in line with previous years.There was an "unfavourable" mix of orders in q1, but this is expected to normalise throughout rest of year.Board's expectations for 2017/18 remain unchanged.  Full Article

De La Rue says to buy DuPont's authentication business for $25 mln in cash
Friday, 9 Jun 2017 08:42am EDT 

June 9 (Reuters) - De La Rue Plc ::To acquire authentication business of DuPont electronics & communications for a cash consideration of $25m.Transaction is expected to complete by end of this calendar year, subject to specific closing conditions.Anticipated to be earnings accretive in first year post completion.  Full Article

De La Rue full-year pretax profit rises
Tuesday, 23 May 2017 02:00am EDT 

May 23 (Reuters) - De La Rue Plc ::FY pretax profit 58.2 million stg versus 54.9 million stg year ago.FY revenue rose 2 percent to 461.7 million stg.Final dividend 16.7 pence per share.Total dividend 25 pence per share."I am confident that we will deliver on our expectations for year" - CEO.  Full Article

De La Rue sees FY underlying oper profit to beat market consensus
Tuesday, 11 Apr 2017 02:00am EDT 

De La Rue Plc : Post-Close trading update & change of directorate . Full year revenue for group is in line with market expectations. . Full year underlying operating profit is now anticipated to be above top end of market consensus. . Currency business has performed in line with market expectations. . Overall board's expectations for financial year of 2017/18 remain unchanged. . Rupert Middleton, chief operating officer, has informed board of his intention to step down from board after agm on 20 july 2017. . Position will be replaced by newly created role of chief operations director, reporting to ceo; appointment will not be a board position. .A search has been commenced to identify suitable internal and external candidates..  Full Article

De La Rue enters into a JV with Government of Kenya
Thursday, 18 Aug 2016 05:57am EDT 

De La Rue Plc : Creation of Kenya joint venture . Announces that it has signed an agreement to enter into a joint venture with government of Kenya . Transaction is expected to complete by end of this calendar year .Under terms of agreement, govt of Kenya will take 40 pct interest in De La Rue Kenya EPZ Limited, for a cash consideration 5.0 mln stg payable.  Full Article

De La Rue says FY expectations unchanged
Thursday, 21 Jul 2016 04:14am EDT 

De La Rue Plc : Having considered... Impact of brexit on business in short term, board's expectations for full year remain unchanged .In light of foreign exchange market volatility, co confirm that its policy is to hedge all confirmed foreign currency sales, purchases.  Full Article

De La Rue reaches agreement on actuarial pension valuation
Friday, 1 Jul 2016 08:42am EDT 

De La Rue Plc : De La Rue reaches agreement on actuarial pension valuation . Underlying funding deficit was 252 mln stg as at 5 April 2015, 92 mln stg higher than previous valuation in 2012. . Agreed a revised funding plan with trustee to eliminate deficit over a period of 12 years from 31 March 2017 . Cash contributions to scheme will be 13 mln stg and 13.5 mln stg in 2017 and 2018 respectively, and frozen at 23 mln stg per year after 2022 . Group will continue to pay annual fees of 1.6 mln stg for managing scheme in addition to cash contributions . Plan will see existing funding payment schedule extended from 2022 to 2028 .Next triennial funding valuation is due in April 2018.  Full Article

De La Rue says its expectations for current year are unchanged
Tuesday, 24 May 2016 02:15am EDT 

De La Rue Plc : Solid performance and good early strategic progress . Full year results in line with trading update on 13 april 2016 . Year on year revenue up 7% and underlying operating profit up 2% 1 . Underlying earnings per share up 4% to 48.1p 1 . Banknotes volume up 9% to 7.1bn and banknote paper up 6% to 10,000 tonnes, benefiting from overspill contracts . Currency product lines have performed very well during year . Our 12 month closing order book of £365m provides good visibility for year ahead . Our expectations for current year are unchanged . Fy underlying pretax profit fell 13 percent to 50.4 million stg . Fy pretax profit fell 47 percent to 20.8 million stg . Final dividend 16.7 penceper share . Total dividend 25 penceper share .Fy revenue rose 3 percent to 488.2 million stg.  Full Article

De La Rue says sells Cash Processing Solutions Ltd
Monday, 23 May 2016 02:00am EDT 

De La Rue Plc : Sale of cash processing solutions limited . Sale of cash processing solutions limited and related subsidiaries to CPS Topco LIMITED, a company owned by Privet Capital . Concluded that cash processing is non-core to group's business . Under terms of agreement, De La Rue has received 2.1 mln stg upon completion of transaction . Deferred consideration totalling 1.5 mln stg will be payable in two equal instalments on first and second anniversaries of transaction . Transaction is anticipated to be cash neutral overall to group at completion .In relation to sale, group expects to recognise a 23.4 mln stg non-cash exceptional charge in 2015/16..  Full Article

BRIEF-De La Rue says to buy DuPont's authentication business for $25 mln in cash

* To acquire authentication business of DuPont electronics & communications for a cash consideration of $25m