Key Developments: Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

3 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Kier Group plc announces disposal of fleet and passenger services business
Thursday, 2 Jul 2015 02:00am EDT 

Kier Group plc:Completed the disposal of its fleet and passenger services business, Kier FPS Limited (FPS), to Alpha Holdco 1 Limited, an entity managed by Endless LLP, for a total cash consideration of 17.9 mln Pounds paid in full on completion.The disposal includes the transfer of FPS' finance lease debt of about 32 mln pounds.Kier and FPS have entered into a five-year agreement under which FPS will continue to supply Kier with fleet services to its local authority highways and utilities businesses.Proceeds from the sale will be used to reduce Kier's debt and finance leases and to fund growth opportunities in line with Kier's strategy.  Full Article

Eiffage SA, Carillion PLC and Kier Group PLC announce JV for High Speed 2 project
Wednesday, 24 Jun 2015 03:01am EDT 

Eiffage SA:Carillion, Eiffage and Kier announce the creation a joint venture for the UK’s High Speed 2 (HS2) rail project.  Full Article

Kier Group PLC wins new construction contracts worth 247 mln
Tuesday, 16 Jun 2015 02:00am EDT 

Kier Group PLC:Kier has been awarded three new contracts under the ProCure 21+ framework.Preferred bidder for 160 mln pounds contract to design and build new critical treatment hospital for Hampshire Hospitals NHS Foundation Trust.New 45,000 sq m campus within the borough of Basingstoke and Deane will include a new cancer treatment centre and critical pathology laboratories, with work planned to start on site in April 2016.Says 25 mln Pounds contract to upgrade three hospitals in Boston, Grantham and Lincoln for United Lincolnshire Hospitals NHS Trust (ULHT), as part of Trust's strategy to modernise hospitals in region, thereby supporting new models of clinical practice.Work has started on site and is expected to complete by March 2016.Contract totalling about 22 mln Pounds to reconfigure and refurbish Dewsbury and District Hospital for the Mid Yorkshire Hospitals NHS Trust.In addition, Kier has been appointed by two NHS Trusts as Principal Supply Chain Partner through ProCure 21+ framework.  Full Article

Kier Group Plc completes acquisition of Mouchel
Tuesday, 9 Jun 2015 02:00am EDT 

Kier Group Plc:Completed the acquisition of the entire issued share capital of MRBL Ltd.  Full Article

Kier Group Plc announces results of rump placing
Wednesday, 3 Jun 2015 06:10am EDT 

Kier Group Plc:JP Morgan Securities Plc and Numis Securities Limited, in their capacity as underwriters, have procured subscribers for all of 3,308,812 new shares.Also procured subscribers for 2,918 new shares representing fractional entitlements in respect of the rights issue.Together representing 8.35 percent of new shares, at a price of 1,340 pence per new share.Net proceeds from placing of new shares not validly taken up in rights issue (after deduction of rights issue price of 858 pence per new share.  Full Article

Kier Group PLC announces proposed acquisition of Mouchel and rights issue
Tuesday, 28 Apr 2015 02:00am EDT 

Kier Group PLC:Says that it has entered into conditional agreement to buy entire issued share capital of MRBL Ltd (Mouchel), provider of repair and maintenance services to UK strategic road network and international infrastructure and business services group.Agreed to acquire Mouchel for total consideration of 265 million pounds in cash from Mouchel sellers to be financed by a 340 million pounds fully underwritten rights issue.Under rights issue, new shares will be issued at 8.58 pounds per new share on basis of five new shares for every seven existing shares.Proceeds from rights issue will also be used to repay Mouchel's net debt at the time of acquisition, finance the integration costs of acquisition and pay costs and expenses associated with rights issue and acquisition.  Full Article

Kier Group PLC selected as preferred bidder on London construction project
Wednesday, 22 Apr 2015 02:00am EDT 

Kier Group plc:Says that it has been selected as preferred bidder by Greenland Group to deliver the 170 million pounds first phase of The Ram Quarter, a major flagship regeneration scheme in Wandsworth, London.  Full Article

Kier Group plc announces re contracts
Tuesday, 17 Mar 2015 03:01am EDT 

Kier Group plc:Says it has been selected for all of the three lots under the Southern Construction Framework.Says the four-year framework, with an expected value of more than 2 bln Pounds, will encompass a pipeline of multiple contracts valued at 1 mln Pounds upwards.Says the Group has expanded its presence at the Argent development at King's Cross, London having been appointed preferred bidder on two contracts valued at 130 mln Pounds.Both schemes will commence in 2016.  Full Article

Kier Group PLC announces interim dividend
Wednesday, 25 Feb 2015 02:01am EST 

Kier Group PLC:Announces interim dividend of 24.0 pence (2013: 22.5 pence), up 7 pct.Says that dividend will be paid on May 15, to shareholders on register at March 6.  Full Article

Kier Group PLC sees FY 2015 outlook to meet board's expectations
Wednesday, 25 Feb 2015 02:01am EST 

Kier Group PLC:Says that it remain on course to meet board's expectations for FY 2015.  Full Article

BRIEF-Kier wins new construction contracts worth 247 mln stg

* Kier has been awarded three new contracts under procure 21+ framework

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