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Norcros PLC (NXR.L)

NXR.L on London Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Norcros PLC announces resignation of group finance director
Monday, 23 Nov 2015 02:00am EST 

Norcros PLC:Says that Martin Payne will be stepping down from position of group finance director to take up the role of chief financial officer at Polypipe Group plc at a date to be agreed.Says Board will begin a recruitment process for a new group finance director immediately and will make a further announcement in due course.  Full Article

Norcros PLC announces acquisition of Croydex Group Ltd
Thursday, 25 Jun 2015 02:00am EDT 

Norcros PLC:Has completed acquisition of 100 pct of share capital of Croydex Group Ltd ("Croydex"), a privately-owned business held by the Brown and Marriott-Dodington families and Nick McGrellis.Acquisition for total consideration of 21.9 mln Pounds, of which 20.8 mln Pounds has been settled in cash and £1.1m consideration deferred for three years.Says acquisition has been funded entirely by debt through existing facilities.Board expects transaction to be earnings enhancing immediately.  Full Article

Norcros PLC recommends final dividend
Thursday, 18 Jun 2015 02:00am EDT 

Norcros PLC:Is recommending a final dividend for the year of 0.375 pence (2014: 0.34 pence) per share.  Full Article

Norcros PLC announces settlement of contractual dispute with Optimisation Developments Limited
Friday, 15 May 2015 07:01am EDT 

Norcros PLC:Says the contractual dispute with Optimisation Developments Limited, a subsidiary of WM Morrison Supermarkets plc, regarding the conditional sale of part of its surplus land holding at Highgate, Tunstall, has been settled.Says terms of the settlement are confidential for legal reasons, but they are not significant in the context of the Groups financial position.Says this settlement, net of costs, will be treated as an exceptional item in the accounts for the year to March 31, 2016.Says the site at Highgate, Tunstall, which has been the subject of this dispute, has subsequently been disposed of, forming part of the portfolio freehold property sale announced on Dec. 24, 2014.  Full Article

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