Key Developments: G4S PLC (GFS.L)

GFS.L on London Stock Exchange

261.20GBp
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2.50p (+0.97%)
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Latest Key Developments (Source: Significant Developments)

G4S Plc Announces Issue of Equity
Wednesday, 28 Aug 2013 02:00am EDT 

G4S Plc announced that its Board announced its intention to raise additional equity capital through a placing of up to approximately 140.9 million new ordinary shares of GBP 0.25 each in the capital of G4S (the Placing Shares), representing up to 9.99% of the Company's existing issued share capital. The Placing is being conducted through an accelerated book-build process which will be launched immediately following this announcement. Citigroup Global Markets Limited, J.P. Morgan Securities plc (which conducts its United Kingdom investment banking business under the name J.P. Morgan Cazenove) and Barclays Bank PLC have been appointed joint bookrunners in respect of the Placing. Funds managed by Invesco Asset Management Limited which hold approximately 209.5 million shares in the Company, representing approximately 14.85% of the issued share capital, have confirmed that they support the Placing and intend to participate in the Placing pro-rata to their current shareholding. Application will be made for admission of Placing Shares to listing segment of the Official List of the UK Listing Authority and to the London Stock Exchange for admission to trading on its main market for listed securities (together, "Admission"). It is expected that Admission will become effective on or around September 2, 2013 and that dealings in the Placing Shares will commence at that time. Application will also be made for listing and trading on NASDAQ OMX Copenhagen.  Full Article

G4S Plc Declares Interim Dividend
Wednesday, 28 Aug 2013 02:00am EDT 

G4S Plc announced that the board has declared an interim dividend of 3.42 pence per share (DKK0.2972), for the six months ended June 30, 2013 will be paid on October 18, 2013 to shareholders on the register on September 13, 2013.  Full Article

G4S Plc To Sell Businesses, Issue Shares To Reduce Debt-Reuters
Tuesday, 27 Aug 2013 10:06pm EDT 

Reuters reported that G4S Plc said it would sell businesses and issue new shares to strengthen its balance sheet, allowing its new boss to focus on overhauling the security company and improve its battered reputation. G4S, which has endured an aborted takeover of Danish cleaning firm ISS, a botched contract to staff the 2012 Olympics and a profit warning in May, said it would place 140.9 million new ordinary shares representing up to 9.99% of its existing share capital. G4S said its largest shareholder Invesco supported the placing and intended to participate in it. It said the shares would be issued in an accelerated bookbuild on Wednesday. Citigroup, JP Morgan and Barclays are joint bookrunners for the sale.  Full Article

G4S Plc Announces Appointment Of Himanshu Raja As Chief Financial Officer
Tuesday, 27 Aug 2013 03:21pm EDT 

G4S Plc announced that Himanshu Raja, current CFO of Misys plc, will be joining the board of G4S plc as an executive director in the role of Chief Financial Officer on October 7, 2013. He will also serve as a member of the Risk Committee.  Full Article

G4S Plc Announces Mr. Ashley Almanza as New Chief Executive Officer; Mr. Stuart Curl to Serve as Acting Chief Financial Officer
Tuesday, 21 May 2013 02:08am EDT 

G4S Plc announced that Mr. Nick Buckles will step down as Chief Executive Officer (CEO) and retire from the Company and as Director on May 31, 2013. He will be succeeded by Mr. Ashley Almanza, who will take up the role on June 1, 2013. On May 1, 2013, Mr. Almanza was appointed to the position of Chief Financial Officer (CFO) of the Company. Now, that he has been elected CEO, Mr. Stuart Curl, the group's regional CFO for the United Kingdom, Ireland and Africa will be acting CFO whilst a search for a new CFO is conducted.  Full Article

G4S Plc Announces Resignation Of Chief Financial Officer
Wednesday, 13 Mar 2013 03:01am EDT 

G4S Plc announced that Trevor Dighton will be retiring from his position as Chief Financial Officer (CFO) on April 30, 2013 and from the Board of G4S plc following the Company's Annual General Meeting on June 6, 2013. The Company also announced that Ashley Almanza, former CFO of BG Group, will be joining the board as an executive director and will succeed Mr Dighton in the role of CFO with effect from May 1, 2013. He will also serve as a member of the Risk Committee. Mr Dighton will continue to work for the group in order to conclude a number of strategic projects and to ensure a smooth handover to Mr Almanza.  Full Article

G4S Plc Recommends Final Dividend
Wednesday, 13 Mar 2013 03:00am EDT 

G4S Plc announced that the board has recommended a final dividend of 5.54 pence per share (DKK0.4730). This represents an increase of 8% on the final dividend for 2011. The interim dividend was 3.42 pence per share (DKK0.3220) and the total dividend, if approved, will be 8.96 pence per share (DKK0.7950), representing an increase of 5% on the total dividend for 2011.  Full Article

G4S Plc to Divest United States Government Solutions Business
Tuesday, 5 Mar 2013 07:00am EST 

G4S Plc announced that it has decided to divest its United States Government Solutions business. G4S Government Solutions, Inc. provides security, fire protection, facilities management, training and mine clearance services to United States Government organizations including the Departments of Energy, Homeland Security and Defense in addition to international organizations such as NATO and the United Nations, both within the United States and overseas. G4S Government Solutions operates sensitive Government contracts requiring high level security clearances and is therefore managed under a proxy board structure in order to comply with United States national security regulations. The Company announced that it believes that an alternative parent would be able to create or add more value to the business than G4S. As a non-United States parent, with restricted access to important commercial data, the Company's ability to manage the business is limited. In 2012, G4S Government Solutions, Inc. had annual revenues of approximately GBP 400 million. G4S will retain its United States commercial security business which provides a range of security services and technology to commercial companies and Government departments at a Federal, State and local level. Houlihan Lokey has been appointed to manage the divestment process and it is expected that the transaction will be completed within the next six months, subject to all necessary approvals.  Full Article

G4S Plc Agrees Financial Settlement with London Organizing Committee of Olympic Games and Paralympic Games in Respect of Provision of Security Workforce for London 2012 Olympic & Paralympic Games
Tuesday, 12 Feb 2013 02:37am EST 

G4S Plc announced that it has agreed a financial settlement with the London Organizing Committee of the Olympic Games and Paralympic Games (LOCOG) in respect of the provision of the security workforce for the London 2012 Olympic & Paralympic Games (the Games). The terms of the settlement mean that the Company will incur an overall loss on the contract of approximately GBP 70 million. The Group has also incurred additional costs of approximately GBP 11 million, relating to charitable donations and external fees and a further GBP 7 million relating to the cost of sponsorship and marketing. All of these costs will be taken in the 2012 accounts as an exceptional charge (GBP 50 million having been provided for at the half year based on the previous contract loss estimate). The main difference between the previous estimate and the final settlement is an agreement to waive a larger proportion of the project management charge.  Full Article

G4S Plc Announces Statement Regarding Outsourcing Organizational Support Services for Bedfordshire, Cambridgeshire and Hertfordshire Police Forces
Tuesday, 29 Jan 2013 03:14pm EST 

G4S Plc announced that the Police and Crime Commissioners of Bedfordshire, Cambridgeshire and Hertfordshire have on January 29, 2013 announced their decision not to proceed with further work exploring the Lincolnshire Police outsourcing contract for the delivery of the three forces' Organizational Support services.  Full Article

BRIEF-G4S sells Swedish security business for 37.4 mln stg

* Sale of G4S Secure Solutions Ab ("G4S SWEDEN") to Sector Alarm Sverige As

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