Key Developments: Genus PLC (GENS.L)

GENS.L on London Stock Exchange

1,124.00GBp
29 Aug 2014
Price Change (% chg)

-6.00p (-0.53%)
Prev Close
1,130.00p
Open
1,137.00p
Day's High
1,137.00p
Day's Low
1,114.00p
Volume
30,485
Avg. Vol
103,679
52-wk High
1,488.00p
52-wk Low
924.50p

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Latest Key Developments (Source: Significant Developments)

Genus PLC approves interim dividend
Tuesday, 25 Feb 2014 02:00am EST 

Genus PLC:Approves an interim dividend of 5.5 pence per share, an increase of 10 pct on last year's interim dividend of 5.0 pence.Payment date March 28.Record date March 07.  Full Article

Genus PLC announces completion of acquisition of Genetiporc do Brasil
Monday, 10 Feb 2014 02:01am EST 

Genus PLC:Refers to the announcement made on Sept. 23, 2013 and Oct. 18, 2013 regarding Genus' acquisition of Génétiporc, Agroceres PIC, Genus' 49 pct owned joint venture in Brazil.Says it has completed the acquisition of Genetiporc do Brasil LTDA, Génétiporc's Brazilian joint venture.Says Genetiporc do Brasil has been acquired for a total purchase price of 19 mln real (4.9 mln pounds).Says the acquisition by Agroceres PIC has been funded by Genus and its joint venture partner, Agroceres, subscribing for additional equity pro rata to their existing equity ownership.  Full Article

Genus PLC Comments On FY 2013 Guidance
Friday, 15 Nov 2013 02:00am EST 

Genus PLC announced that for fiscal 2013, it expects trading in line with expectations of mid to high single digit growth in adjusted profit before tax in constant currency, with the growth in profit being delivered in the second half of 2013 as expected.  Full Article

Genus Plc Announces Completion Of Acquisition Of Genetiporc
Friday, 18 Oct 2013 02:00am EDT 

Genus Plc announced that it has now completed the acquisition of Genetiporc, the porcine genetics business of Aliments Breton Foods Group, the producer and processor of organic and natural pork in North America. Discussions continue regarding the acquisition by Agroceres PIC, Genus's 49% owned joint venture in Brazil, of Génétiporc's Brazilian joint venture, following the memorandum of understanding agreed in September 2013. Further terms of the transaction were not disclosed.  Full Article

Genus PLC To Acquire Génétiporc
Monday, 23 Sep 2013 02:00am EDT 

Genus PLC announced the acquisition of Génétiporc, the porcine genetics business of Aliments Breton Foods Group, the producer and processor of organic and natural pork in North America. Génétiporc is based in Canada, and has operations in the US and Mexico and a joint venture in Brazil. The total consideration for the acquisitions including assumed debt and Genus' share of the Brazilian joint venture is GBP24.8 million. Genus will acquire the US and Mexican Génétiporc companies and certain assets in Canada, principally intellectual property, genetic nucleus herds of approximately 3,200 pure line sows and customer contracts. The consideration for these acquisitions is USD30.0 million (GBP18.8 million) in cash which will be financed from existing facilities. These acquisitions also include assumption of debt of USD5.6 million (GBP3.5 million) which will be repaid at, or shortly after, closing. The closing is subject, amongst other things, to satisfactory completion of veterinary verification and is expected to occur in October 2013. Aliments Breton Foods Group will become a customer of PIC, Genus' porcine global business unit, as part of a long term agreement to buy exclusively PIC's genetics.  Full Article

Genus PLC Recommends Final Dividend
Tuesday, 3 Sep 2013 02:00am EDT 

Genus PLC announced that its Board is recommending to shareholders a final dividend of 11.1 pence per ordinary share. Taking into account the interim dividend of 5.0 pence per share paid in April 2013, this will result in a total dividend for the year of 16.1 pence per ordinary share, representing an increase of 10% for the year as a whole. Subject to shareholder approval at Genus's forthcoming Annual General Meeting, this dividend will be paid on 6 December 2013 to shareholders on the register at the close of business on 18 November 2013.  Full Article

Genus PLC Announces Ownership Interest Of Norges Bank
Tuesday, 4 Jun 2013 04:10am EDT 

Genus PLC announced that Norges Bank has an interest of 2,443,597 (units), representing 4.03% of shares of the Company.  Full Article

Genus PLC Announces Second New Joint Venture in China With Yunnan Shennong Agricultural Group Co. Ltd
Monday, 25 Feb 2013 02:00am EST 

Genus PLC announced that it has signed a second porcine joint venture (JV) agreement in China. This new JV is for a 1,000 sow nucleus farm with Yunnan Shennong Agricultural Group Co. Ltd. (Shennong), the integrated pork producer in the Yunnan province. Genus will be a 65% partner in the JV through a cash investment of approximately GBP2.7 million. The JV will operate a nucleus farm, scheduled for completion within the next 12 months. Genus will provide pureline porcine stock from the Genus porcine genetic division's (PIC) global high health pyramid to stock the farm. The JV farm will be managed by Genus.  Full Article

Genus PLC Approves Interim Dividend
Monday, 25 Feb 2013 02:00am EST 

Genus PLC announced that the board has approved an interim dividend of GBP0.05 per share. Last year's interim dividend was GBP0.045. The interim dividend is payable on April 8, 2013 to those shareholders on the register at March 15, 2013.  Full Article

Genus PLC Announces Group Finance Director Retirement
Thursday, 13 Dec 2012 02:00am EST 

Genus PLC announced that John Worby, Group Finance Director, has indicated his wish to retire from the Board of Genus on March 31, 2013. Stephen Wilson will be appointed to the Board on January 14, 2013 and will succeed John as Group Finance Director on March 1, 2013.  Full Article

BRIEF-Genus says not to proceed with joint venture in China

* Has agreed with Yunnan Shennong Agricultural Group Co Ltd ("Shennong") that Genus and Shennong will not proceed with establishment of a joint venture at present time

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