Key Developments: National Express Group PLC (NXPGY.PK)
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Latest Key Developments (Source: Significant Developments)
National Express Group PLC Wins Franchise Extension
National Express Group PLC announced that it has been awarded an extension on its c2c rail franchise by the Department for Transport (DfT). The franchise will now run for a period of up to April 2015. Full Article
National Express Group PLC Sees FY 2013 Guidance In line With Expectations
National Express Group PLC announced that for fiscal 2013, it expects trading across the group in line with expectations. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP1.813 billion and net income of GBP112 million for fiscal 2013. Full Article
National Express Group PLC Recommends Final Dividend
National Express Group PLC announced that its Board is recommending that the final dividend for 2012 is increased by 0.1 pence, to 6.6 pence, which, when added to the interim dividend of 3.15 pence, represents an increase of 3% for the year as a whole. Subject to approval by shareholders, the final dividend will be paid on May 17 to shareholders registered at April 26 2013. Full Article
National Express Group PLC Wins Contract in Germany
National Express Group PLC (National Express) announced that it has been selected to run two 15 year regional commuter rail contracts in Germany. Three German local authorities confirmed last night (6th February) that they intended to award the two contracts which serve cities including Cologne and Bonn in Germany's region, North Rhine-Westphalia, to National Express. The contracts are for a regional express service between Rheine-Munster-Cologne-Krefeld and a Bonn-Cologne-Wuppertal stopping service. The services are currently run by Deutsche Bahn and carry around 18 million passengers per year. National Express will start operating the 15 year contract in December 2015, after first procuring 36 new electric trains on behalf of the local authorities. The contracts will generate revenues of around €1.6 billion for the 15 years as a whole. Full Article
National Express Group PLC Secures Contract
National Express Group PLC announced that it has won important new North American transit and Spanish urban bus contracts. The contract includes the management and operation of 42 vehicles, operating seven days a week. The contract, worth around $12 million of revenue, is for an initial two years, with an option of a further three. Thirteen express and shuttle routes will run in and between the three cities of the Piedmont Triad, and are expected to carry 500,000 passengers a year. National Express' Spanish business, ALSA, has also won the tender to provide bus services in Guadalajara. The contract, which is up to 12 years in length, will generate revenue of up to EUR77 million and begins in mid-2013. Full Article
National Express Group PLC Appoints Chairman-Reuters
Reuters reported that National Express Group PLC announced the appointment of sir john armitt as Chairman, with effect from February 1, 2013. Sir john will initially join the Board as a Non-Executive Director on January 1, 2013. Full Article
National Express Group PLC Announces Interim Dividend
National Express Group PLC announced that the Board has approved an interim dividend of GBP0.0315 per share (2011: GBP0.03), an increase of 5%. This will be payable on September 21, 2012, to shareholders on the register at close of business on September 7, 2012. Full Article
National Express Group PLC Completes Petermann Partners, Inc. Acquisition
National Express Group PLC announced that it has completed the acquisition of Petermann Partners, Inc. (Petermann) from Macquarie Global Opportunities Partners L.P. and Petermann management. The terms of the acquisition were announced on the September 13, 2011 at the time of entering into the definitive agreement to acquire Petermann. Full Article
National Express Group PLC Sees FY 2011 Profit To Be In Line With The Board's Previous Expectations
National Express Group PLC announced that for fiscal 2011, it expects profit to be in line with the Board's previous expectations. Full Article
National Express Group PLC Acquires Petermann Partners, Inc. For $200 million
National Express Group PLC announced that it has signed a definitive agreement to acquire Petermann Partners, Inc. (Petermann) from Macquarie Global Opportunities Partners, L.P. (MGOP) and Petermann management. The acquisition will be made by a wholly-owned subsidiary of National Express for a cash consideration of $200 million, on a cash and debt free basis (with a working capital adjustment at closing). The acquisition is expected to complete in Q4 2011. Petermann is the largest provider of student transportation in the US, with a presence in the paratransit market. Headquartered in Cincinnati, Ohio, Petermann is the market leader in its home state and has further operations across 10 states in the Midwest, West, and Southwest. Petermann operates out of 66 locations with 3,351 vehicles in its fleet. Full Article
BRIEF-Elliott places Nat EXpress stock at 210 pence/share
LONDON, March 7 : * Elliott advisors(UK) - placing of shares in National Express * Elliott announces that 50,597,859 National Express shares were placed
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