Key Developments: Kingspan Group PLC (KGSPF.PK)
12.24USD
2 May 2013
$0.73 (+6.34%)
$11.51
$12.24
$12.24
$12.24
2,855
61
$12.24
$8.25
Latest Key Developments (Source: Significant Developments)
Kingspan Group PLC Proposes Final Dividend
Kingspan Group PLC announced that the Board of Director has proposed a final dividend of 7.25 cent per ordinary share payable on May 16, 2013 to shareholders registered on the record date of April 26, 2013. Full Article
Kingspan Group PLC Issues FY 2012 Trading Profit In Line With Analysts' Estimates
Kingspan Group PLC announced that for fiscal 2012, it expects to deliver a trading profit of approximately EUR105 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBIT of EUR102 million for fiscal 2012. Full Article
Kingspan Group PLC Announces Completion Of Acquisition Of ThyssenKrupp Construction Group and Rigidal Industries LLC
Kingspan Group PLC announced the completion of the acquisition of ThyssenKrupp Construction Group and Rigidal Industries LLC following its announcement on August 10, 2012, Kingspan has received the local regulatory approvals it completed the acquisition of the various companies which comprise ThyssenKrupp Construction Group on September 10, 2012. Kingspan also announced completion of the acquisition of Rigidal Industries LLC. Full Article
Kingspan Group plc Declares Interim Dividend
Kingspan Group plc announced that the Board of Director has declared an interim dividend of GBP0.05 per ordinary share, an increase of 11.1% on 2011 interim dividend of GBP0.045 per share. The interim dividend will be paid on September 21, 2012 to shareholders on the register on the record date of August 31, 2012. Full Article
Kingspan Group plc Announces Acquisition Of ThyssenKrupp Steel Europe AG's ThyssenKrupp Construction Group And Rigidal Industries LLC
Kingspan Group plc announced that it has entered into an agreement with ThyssenKrupp Steel Europe AG to acquire 100% of the share capital of the various companies which comprise ThyssenKrupp Construction Group, the European insulated panels business. ThyssenKrupp Construction Group, which includes brands, including Hoesch, Isocab and EMS, has seven well invested manufacturing plants in Germany, France, Belgium, Austria and Hungary. The purchase consideration is circa €65m, of which circa €50m is payable in cash on completion and circa €15m represents assumed past service pension liabilities. The consideration is based on acquiring the business free of cash and bank debt and will vary depending on the timing of completion. The agreement is subject to local regulatory approval. Separately, Kingspan also announced that it has agreed to acquire 100% of the share capital of Rigidal Industries LLC, a Middle Eastern manufacturer of composite panels and roofing systems based in Dubai with an extensive route to market in the Gulf region. The consideration, on a debt free cash free basis, is USD38.6 million of which USD30 million is payable in cash on completion. Completion of the acquisition is subject to local approval. Full Article
Kingspan Group plc Issues FY 2011 EBIT Outlook In Line With Analysts' Estimates
Kingspan Group plc announced that for fiscal 2011, it expects operating profit (EBIT) in the range of EUR82 million- EUR85 million, up significantly from the EUR67.4 million achieved in fiscal 2010. According to I/B/E/S Estimates, analysts were expecting the Company to report EBIT of EUR83 million for fiscal 2011. Full Article
Kingspan Group plc Declares Interim Dividend
Kingspan Group plc announced that the Board has declared an interim dividend of EUR0.045 per share, an increase of 12.5% on the 2010 interim dividend of EUR0.04 per share. The interim dividend will be paid on September 23, 2011, to shareholders on the register on the record date September 2, 2011. Full Article
Kingspan Group plc Completes USD200 Million Private Placement Of 10 Year Senior Loan Notes
Kingspan Group plc announced that it has completed a USD200 million private placement of 10 year senior loan notes. The notes are unsecured, ranking pari passu with Kingspan's existing senior debt, and have a fixed coupon rate of 5.25%, which has been hedged to give the Company a mix of fixed and floating interest rates. The proceeds, which have in part been converted into GBP, will be used to repay existing bank borrowings and for general corporate purposes. The placement has been facilitated and arranged by The Royal Bank of Scotland plc (RBS) acting as Placement Agent, with RBS and HSBC Bank plc jointly co-ordinating the swap auction. Full Article
Kingspan warns of tough H1 after slow start to year
DUBLIN, May 9 - Irish building supplies company Kingspan struck a cautious tone on its first-half performance after a slow start to the year and said forecasting market conditions from July onwards was also difficult.
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