Key Developments: Marston's PLC (MARS.L)

MARS.L on London Stock Exchange

150.40GBp
11:35am EDT
Price Change (% chg)

0.30p (+0.20%)
Prev Close
150.10p
Open
150.00p
Day's High
151.00p
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148.10p
Volume
1,233,282
Avg. Vol
886,247
52-wk High
160.45p
52-wk Low
136.98p

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Latest Key Developments (Source: Significant Developments)

Marston's PLC proposes final dividend
Thursday, 28 Nov 2013 02:00am EST 

Marston's PLC:Says the proposed final dividend of 4.1 pence per share, giving a total dividend for the year of 6.4 pence per share, represents a 5% increase compared to 2012.Says the dividend cover was 1.9 times (2012: 2.0 times).Says the dividend will be paid on Feb. 3, 2014 to those shareholders on the register at close of business on Dec. 20.Says the company's dividend policy is to target increases in dividend at a cover of around two times in the medium term.  Full Article

Newriver Retail Ltd to acquire portfolio of 202 public houses from Marston's PLC
Thursday, 28 Nov 2013 02:00am EST 

Newriver Retail Ltd:Says it has exchanged contracts to acquire a portfolio (the Portfolio) of public houses from Marston's PLC (Marston's) for a total consideration of 90 million pounds.Says acquisition of 202 public houses spread across the UK and predominately located in residential areas.Says it intends to convert the Portfolio to alternative uses, primarily into food Convenience Stores and restaurants.Says as part of the agreed terms of the acquisition, Marston's has entered into a minimum four-year term leaseback agreement (extendable to five years) during which time it will continue to manage and operate the Portfolio as public houses.Says Marston's will pay annual rent of 12,235,000 pounds, reflecting a net initial yield of 12.8 per cent on the purchase price.  Full Article

Marston's PLC Appoints New Chairman
Thursday, 16 May 2013 02:01am EDT 

Marston's PLC announced that it has appointed Mr. Roger Devlin as the new Chairman, effective September 1, 2013.  Full Article

Marston's PLC Declares Interim Dividend
Thursday, 16 May 2013 02:00am EDT 

Marston's PLC announced that an increase in the interim dividend to GBP0.023 per share, which represents a 4.5% increase versus last year.  Full Article

Marston's PLC Proposes Final Dividend
Thursday, 29 Nov 2012 02:20am EST 

Marston's PLC announced that the Board of Director has proposed final dividend of 3.9 pence per share represents a 5% increase compared to 2011. Subject to approval at the Annual General Meeting this dividend will be paid on January 28, 2013 to those shareholders on the register at close of business on December 14, 2012.  Full Article

BRIEF-Pub firm Marston's on track for full-year expectations

* Have continued to make good progress in line with our expectations

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