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Shanks Group PLC (SKS.L)

SKS.L on London Stock Exchange

102.25GBp
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Shanks Group says in talks to acquire van Gansewinkel Groep BV for 440 mln euros
Thursday, 7 Jul 2016 02:34am EDT 

Shanks Group Plc : Proposed merger with van Gansewinkel Groep . Proposed merger with van Gansewinkel Groep BV and restoration of dealings in Shanks ordinary shares . Shanks has entered into exclusive discussions with VGG and its two largest shareholders . Agreement in principle of merger terms valuing VGG at c. EUR 440 mln on a debt-free cash-free basis . Cash consideration from Shanks of approximately EUR 236 mln, to be financed through new debt facilities for combined group . New Shanks shares which would be issued to VGG shareholders as consideration for proposed merger would be subject to appropriate lock-up undertakings .VGG shareholders would receive EUR 306 mln in cash (inclusive of VGG's net cash position) and share consideration representing c.29 pct ownership of combined group.  Full Article

Shanks says considering possible acquisition of Van Gansewinkel
Tuesday, 24 May 2016 04:42am EDT 

Shanks Group Plc : Notes recent press speculation and confirms that it is contemplating possible acquisition of Van Gansewinkel Groep Bv, . Confirms that it is contemplating possible acquisition of van gansewinkel groep bv, . Board believes that it is in best interests of shareholders to investigate possible acquisition of van gansewinkel despite resultant temporary suspension of company's shares. . Will submit an updated, indicative non-binding proposal to supervisory board of van gansewinkel for consideration. . Would intend to finance acquisition through a combination of new debt facilities, equity consideration to vendors and an equity fund raising. .Response to recent press speculation.  Full Article

Shanks says on track to meet its full-year expectations
Thursday, 19 May 2016 02:20am EDT 

Shanks Group Plc : Revenue and profit growth in tough markets. . Trading profit up by 4%. to £33.4m. . Final dividend maintained at 2.35p per share . Remain well positioned to make progress and to meet our expectations for 2016/17. . Fy underlying pretax profit rose 4 percent to 21 million stg . Final dividend 2.35 penceper share .Fy revenue from continuing operations rose 2 percent to 615 million stg.  Full Article

Shanks Group PLC sees FY 2015 outlook line with its expectations
Thursday, 23 Jul 2015 02:00am EDT 

Shanks Group PLC:Says that the board remains confident that the company's underlying result for FY 2015 will be in line with its expectations.  Full Article

Shanks completes Belgian Green Bond Issue
Wednesday, 3 Jun 2015 07:13am EDT 

Shanks Group plc:Says the subscription period for its seven year 3.65% Belgian Green Bonds.The Bonds, which will significantly extend the maturity of the Group's funding, are due to mature on June 16, 2022.Aggregate nominal amount of the Bonds to be issued on June 16, 2015 will be 100 mln euros.Net proceeds of the issue will be approximately e100m and will be used to finance Shanks' ongoing programme of investment in sustainable infrastructure.bonds were placed by BNP Paribas Fortis and KBC.  Full Article

Shanks Group PLC to pay final dividend
Thursday, 21 May 2015 02:01am EDT 

Shanks Group PLC:Says final dividend of 2.35 pence per share will be paid on July 31 to shareholders on register at close of business on July 3.  Full Article

Shanks Group acquires Hazardous Waste Treatment Facility
Thursday, 5 Feb 2015 02:00am EST 

Shanks Group PLC:Signs a binding agreement to acquire a hazardous waste treatment facility in the Netherlands.Acquisition will bring immediate cost synergies with Shanks' nearby operations.  Full Article

Shanks Group PLC declares dividend
Thursday, 6 Nov 2014 02:30am EST 

Shanks Group PLC:Approves an interim dividend of 1.1p per share (2013: 1.1p) that will be paid on Jan. 9, 2015, to shareholders on the register at the close of business on Dec. 5.  Full Article

Interserve PLC and Shanks Group Plc JV in PPP contract
Thursday, 21 Aug 2014 02:00am EDT 

Interserve PLC and Shanks Group Plc:Say a entered into an joint venture agreement with Derby City and Derbyshire County Councils to build and operate a new waste treatment facility in the city under a 27 year , 950 million Pounds Public Private Partnership (PPP) contract.  Full Article

Shanks Group plc announces fire at ELWA Frog Island MBT facility
Thursday, 7 Aug 2014 08:00am EDT 

Shanks Group plc:Announces there was a fire on Monday at Frog Island facility and that business continuity plans have been implemented and are working well.The project is jointly owned and funded by Shanks Group plc and by John Laing Environmental Assets Group Ltd and the facilities are operated by Shanks.  Full Article

UPDATE 2-Shanks in talks to buy recycler Van Gansewinkel for 440 mln euros

* Shanks CEO expects deal to close by November or December (Adds shares, details and CEO comments)