Key Developments: Shanks Group PLC (SKS.L)

SKS.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Shanks Group PLC sees FY 2014 outlook in line with expectations
Monday, 21 Jul 2014 02:00am EDT 

Shanks Group PLC:Expects FY 2014 results to be broadly in line with expectations.  Full Article

Shanks Group PLC announces final dividend
Thursday, 15 May 2014 02:00am EDT 

Shanks Group PLC:Says a final dividend of 2.35 pence per share will be paid on Aug. 1 to shareholders on the register at close of business on July 4.  Full Article

Shanks Group PLC announces holding interest of Sterling Strategic Value Ltd
Wednesday, 16 Apr 2014 10:29pm EDT 

Shanks Group PLC:Says Sterling Strategic Value Ltd holds 24,025,000 shares which represents 6.041pct of the direct voting rights of the company.  Full Article

Shanks Group plc completes sale of UK Solid Waste business to Biffa
Friday, 3 Jan 2014 02:00am EST 

Shanks Group plc:Completes the sale of the majority of its UK Solid Waste business to Biffa on Dec. 31, 2013.The transaction was announced on Oct. 15, 2013, and has completed on schedule following successful employee consultation and resolution of other routine regulatory clearances.  Full Article

Shanks Group plc Declares Interim Dividend
Thursday, 7 Nov 2013 02:00am EST 

Shanks Group plc announced that the Board has approved an interim dividend of GBP0.011 per share (2012: GBP0.011) that will be paid on January 10, 2014, to shareholders on the register at the close of business on December 6, 2013.  Full Article

Shanks Group plc Signs Binding Agreement To Sell Majority Of UK Solid Waste Business
Tuesday, 15 Oct 2013 02:00am EDT 

Shanks Group plc announced that it has signed a binding agreement to sell the majority of its UK Solid Waste business - which collects, sorts and processes commercial and industrial waste in the UK - to Biffa (the 'Disposal Assets'). In addition, Shanks will exit its remaining UK Solid Waste business, with processes underway to sell its Blochairn and Kettering materials recycling facilities. Shanks will retain its profitable Elstow facility ('Elstow') which serves municipal customers in Bedfordshire. The Disposal Assets comprise 11 facilities in England and Scotland and all of Shanks' UK Solid Waste business with the exception of Elstow (which is being transferred to the Group's UK Municipal business) and Kettering and Blochairn which the Group will exit separately in the near future. The cash consideration payable for the Disposal Assets is GBP9.5 million on a debt free and working capital free basis. It is expected that Shanks will benefit from an additional cash inflow of approximately GBP3 million following the sale of the Disposal Assets as the historic associated working capital unwinds. The net cash inflow for Shanks upon completion of the sale of the Disposal Assets and after transaction and restructuring costs is expected to be approximately GBP8 million.  Full Article

Shanks Group plc Sees FY 2014 Guidance In Line With Expectations
Thursday, 25 Jul 2013 02:00am EDT 

Shanks Group plc announced that Board remains confident that the group will deliver trading results in line with expectations for fiscal 2014. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP674 million and net income of GBP22 million for fiscal 2014.  Full Article

Shanks Group plc Announces Issue of Debt
Friday, 5 Jul 2013 07:30am EDT 

Shanks Group plc announced that the public offer in the Kingdom of Belgium and the Grand Duchy of Luxembourg of an expected maximum amount of EUR100,000,000 4.23% Guaranteed Notes due July 30, 2019 to be issued by Shanks Group plc (the Issuer). All the Notes allocated to BNP Paribas and KBC, (the Joint Lead Managers) of the above mentioned public offer, have been placed. As agreed between the Issuer and the Joint Lead Managers, the subscription period terminated early on 5 July.  Full Article

Shanks Group Plc Announces Ownership Interest Of Sterling Strategic Value Limited
Thursday, 4 Jul 2013 08:23am EDT 

Shanks Group Plc announced that Sterling Strategic Value Limited has a holding interest of 16,390,000 ordinary shares representing 4.123% of issued share capital of the Company.  Full Article

Shanks Group plc Launches Six Year 4.23% Bonds To Raise Up To EUR100 Million-DJ
Monday, 1 Jul 2013 02:18am EDT 

Dow Jones reported that Shanks Group plc launched six-year bonds to raise up to EUR100 million, adding that the Bonds will carry a gross coupon of 4.23%, payable annually for a period of six years from July 30. The redemption on maturity, expected to be July 30, 2019, will be at 100% of the nominal amount of the Bonds. The issue significantly extends the maturity of the Group's funding.  Full Article

Shanks says weakness in Dutch solid waste unit to hit first half

July 21 - British waste manager Shanks Group Plc said first-half results would be hurt by a strengthening pound and further weakness at its solid waste business in Belgium, the Netherlands and Luxembourg.

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