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Rank Group PLC (RNK.L)

RNK.L on London Stock Exchange

190.90GBp
1 Dec 2016
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-3.30p (-1.70%)
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Latest Key Developments (Source: Significant Developments)

Rank Group says total revenue for 15 wks to Oct. 9 flat
Friday, 14 Oct 2016 06:00am EDT 

Rank Group Plc : Rank Group Plc - interim management statement . Total group like-for-like revenue for 15 weeks to Oct. 9 2016 has grown by 1 pct, with total revenue flat . On a channel basis, venues revenue was down 1 pct and digital revenue grew by 7 pct . Grosvenor Casinos' venue like-for-like revenue declined by 1 pct .Expectations for full year remain unchanged..  Full Article

Rank Group says FY adj profit 77.4 mln stg vs 74.1 mln stg
Tuesday, 23 Aug 2016 01:18am EDT 

Rank Group Plc : Continued like-for-like growth across all brands and channels, with group like-for-like revenue up 3 pct . Group EBITDA and group operating profit before exceptional items up in the year, 5 pct and 4 pct respectively, excluding the impact of remote gaming duty . Strong dividend growth with dividend per share of 6.50p, up 16 pct year-on-year . FY adjusted profit before tax 77.4 mln stg versus 74.1 mln stg . Trading in the short seven-week period to August 14 2016 has been positive and is in line with management’s expectations . Rank is predominantly a UK facing business with limited exposure to non-sterling costs and earnings . The UK’s decision to leave the European Union is expected to have little or no direct impact on Rank’s performance . Any likely impact would however be driven by any macro-economic impact of lower UK growth rates or loss of consumer confidence and spending power Further company coverage: [RNK.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

William Hill sees FY profit at top of range as 888-Rank bid falls through
Thursday, 18 Aug 2016 11:43am EDT 

William Hill Plc : Statement regarding 888 and rank group withdrawal . Consortium is bound by restrictions of takeover code . Had a good start to second half of year and board now expects operating profit 1 for 2016 to be at top end of previously guided £260-280m range .Management believe there are opportunities to benefit from increased efficiencies in certain areas of business.  Full Article

Rank delays FY results citing on-going deal talks with William Hill
Monday, 15 Aug 2016 05:44am EDT 

Rank Group Plc : Will announce FY results on Tuesday, Aug. 23 2016, rather than on Thursday, Aug. 18 2016 as previously announced .Delay is a consequence of continuing developments in interest expressed by Rank and 888 Holdings Plc in acquiring William Hill Plc.  Full Article

Rank Group,888 confirm making a revised offer for William Hill
Monday, 15 Aug 2016 04:29am EDT 

Rank Group Plc : Confirm that on 14 August 2016 they submitted an improved non-binding proposal to board of William Hill regarding a possible combination of 888, Rank and William Hill . 888 and Rank believe that there is potential to identify additional upside in both quantum and timing of cost synergies, plus substantial cost synergies, through constructive engagement . Total capitalised value of cost synergies to William Hill shareholders based on terms of improved proposal would be 52 pence per William Hill share . Value of improved proposal of 394 pence for each William Hill share does not take into consideration capitalised value of cost synergies to William Hill shareholders of 52 pence per william hill share .888 and Rank would welcome opportunity to engage with board of William Hill with goal of consummating a recommended transaction..  Full Article

William Hill says board rejects joint offer from 888 Holdings and Rank Group
Tuesday, 9 Aug 2016 10:53am EDT 

William Hill Plc : Statement regarding 888 Holdings and Rank Group . Confirms that it has received an unsolicited non-binding highly conditional proposal from 888 Holdings Plc and Rank Group Plc regarding a potential combination of three companies . Board of William Hill has unanimously rejected proposal as it substantially undervalues William Hill . Board of William Hill does not believe that a combination of William Hill with 888 and Rank will enhance William Hill's strategic positioning or deliver superior value for shareholders . Proposal comprises 199 pence in cash and 0.725 BidCo 1 shares per William Hill share, and would result in William Hill shareholders owning 44.6 pct of combined group . Proposal represents an estimated value of 364 pence per William Hill share based on closing price of 888 and Rank on Aug. 5 2016 with 45 pct of proposed consideration in form of BidCo shares . Proposal represents premium of only 11 pct to William Hill share price of 327 pence on Aug. 8 2016 . Board of William Hill has also taken into consideration substantial risk for William Hill shareholders presented by proposal . Proposal involves a highly complicated three-way combination at a low premium with BidCo assuming approximately 2.2 bln stg of leverage in order to fund cash element of consideration and refinance existing debt within three companies . Chairman of William Hill, said: "this conditional proposal substantially undervalues William Hill".  Full Article

Rank Group and 888 said to have submitted offer for William Hill valuing it at 364P apiece- FT
Tuesday, 9 Aug 2016 06:00am EDT 

: Rank Group and 888 consortium is said to have submitted a formal offer for William Hill that values the shares at 364P apiece- FT, citing sources Source (http://on.ft.com/2bg5cLn) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Rank Group like-for-like revenue for 19 wks to May 8 up 3 pct
Thursday, 12 May 2016 02:00am EDT 

Rank Group Plc : Like-For-Like revenue for 19 weeks to 8 may 2016 has grown by 3 pct, with total revenue up 2 pct and digital revenue up 6 pct .Expects group's full year performance will be in line with management's expectations.  Full Article

Rank Group PLC sees FY 2015 performance in line with management's expectations
Thursday, 21 May 2015 02:00am EDT 

Rank Group PLC:Sees the Group's FY 2015 performance will be in line with management's expectations.  Full Article

Proposed placing of ordinary shares in The Rank Group plc by GuoLine Overseas Ltd
Wednesday, 18 Feb 2015 02:00am EST 

GuoLine Overseas Ltd:Says (GuoLine), subsidiary of Hong Leong Company (Malaysia) Bhd announces that it intends to sell about 50 mln ordinary shares in The Rank Group plc to institutional investors.Placing shares represent about 12.8 pct of Rank's entire issued share capital.Placing will be conducted by means of an accelerated bookbuilt secondary placing to institutional investors.  Full Article

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Canada's Amaya, Britain's William Hill in talks to merge

TORONTO Canadian online gambling company Amaya Inc and British bookmaker William Hill Plc said they were in talks to combine in a merger of equals, confirming a Reuters report about the discussions earlier on Friday.