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Stobart Group Ltd (STOB.L)

STOB.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Stobart Group establishes Stobart Capital to be headed by Andrew Tinkler
Thursday, 11 May 2017 02:38am EDT 

May 11 (Reuters) - Stobart Group Ltd :Announces establishment of Stobart Capital.Warwick Brady to join board and be appointed as group's CEO following June's AGM.Stobart Capital to be headed by Andrew Tinkler.Stobart Capital will operate independently of group and have access to external capital and expertise.Andrew Tinkler to continue as an executive board member.  Full Article

Stobart FY revenue from continuing operations rose 2.1 pct to 129.4 mln STG
Thursday, 11 May 2017 02:37am EDT 

May 11 (Reuters) - Stobart Group Ltd :FY pretax loss -8.0 million STG versus 10 million STG profit year ago.Final dividend 4.5 pence per share.FY revenue from continuing operations rose 2.1 percent to 129.4 million STG.FY underlying EBITDA 35 million STG versus 30.0 million stg year ago.FY underlying profit before tax up by 48.9% to 27.4 million STG.50% increase in dividends with a proposed final dividend of 4.5p per share.Andrew Tinkler handing over CEO role to Warwick Brady.FY underlying profit before tax up by 48.9% to 27.4 mln STG.  Full Article

Flybe to provide two Embraer E195 aircrafts to Stobart Air
Tuesday, 2 May 2017 02:16am EDT 

May 2 (Reuters) - Flybe Group Plc ::Agreement has been signed with Stobart Air unlimited to provide two Embraer e195 aircraft.Agreement under a combined commercial arrangement lasting up to 20 months subject to earlier termination options.Flybe will initially operate aircraft on behalf of Stobart under a crewed "wet lease" arrangement.Aircrafts will be migrating to Stobart operating aircraft itself no later than 1st January 2018.  Full Article

Stobart signs agreement for sale, leaseback of 8 atr72-600 aircraft
Wednesday, 5 Apr 2017 10:28am EDT 

Stobart Group Ltd - : Signed agreement with Goal German Operating Aircraft Leasing Gmbh & Co. Kg for sale and leaseback of its eight ATR72-600 aircraft . Group will receive net proceeds of $62.7 million, after repayment of existing financing in respect of aircraft . leases are for a 10- year term with an option to terminate after six years; aggregate payments under leases to amount to $15.4 million per annum . To continue to operate all 8 aircraft within Stobart Air division, primarily providing flights under Aer Lingus franchise agreement .Completion is scheduled by 14 April 2017.  Full Article

Stobart Group expects underlying results for 2017 to be in line with expectations
Thursday, 2 Mar 2017 02:08am EST 

Stobart Group Ltd : Expects underlying results for year ended 28 february 2017 to be in line with management expectations . Further interim dividend of 3.0p per share which will be paid on 7 april to shareholders .Subject to board approval, a further quarterly dividend payment will be made on 7 July 2017..  Full Article

Stobart says to operate flights from London Southend via Flybe franchise deal
Thursday, 22 Dec 2016 02:00am EST 

Stobart Group Ltd : Announced its decision to operate flights from London Southend airport through Stobart Air's existing franchise arrangement with Flybe . New routes include Budapest, Milan and Venice . Further routes are expected to be added at a later date .12 new European routes are now confirmed, operating through franchise arrangement with Flybe, from May 2017.  Full Article

Stobart says to acquire remaining 33 pct stake in Propius Holdings
Friday, 18 Nov 2016 08:26am EST 

Stobart Group Ltd : Share placing & proposed acquisition . Parties are currently negotiating contracts and transaction is expected to complete during 2016 . Has sold 10,081,778 treasury shares, representing 2.8 percent of company's existing issued share capital, at 155 pence per share . Agreed in principle to acquire remaining 33 pct interest in Propius Holdings Limited from Aer Lingus for a cash consideration of $14.7 mln . Following acquisition of this stake, Stobart will own 100 pct of share capital of Propius . Aggregate consideration for purchase along with associated transaction costs will be funded by a sale to an institutional investor of shares of 10 pence each .Offer at a premium of 1.8 percent to closing mid-market price of 152.25 pence on Nov.17 2016, to raise 15.6 mln stg before expenses.  Full Article

Stobart H1 pretax profit 10.8 mln stg versus 600,000 stg
Thursday, 27 Oct 2016 02:00am EDT 

Stobart Group Ltd : H1 pretax profit 10.8 million stg versus 600,000 stg year ago . H1 revenue from continuing operations rose 13 percent to 65.3 million stg . First quarterly dividend of 3.0p per share paid in october . Expect majority of new plants to open on time in 2017, allowing us to deliver our target of 2 million tonnes per annum by 2018 . Full year results for Stobart Energy are expected to be in line with management expectations .Energy division expects to achieve its strategic target of generating ebitda of £10 per tonne of biomass fuel supplied during period.  Full Article

Stobart signs contract with Environment Agency
Wednesday, 12 Oct 2016 05:49am EDT 

Stobart Group Ltd : Stobart contract agreement with environment agency . Has entered into an initial one-year "major incident response" contract with environment agency . Under contract, co will be working together with environment agency delivering resilience to defend communities threatened by flooding . Contract will be managed by stobart rail using logistics expertise across group .Will assist with logistics, storage and transport requirements with a flexible 24/7 response for an initial 12 starting n 30 sept 2016.  Full Article

Stobart appoints Mark Adams as CFO
Wednesday, 28 Sep 2016 02:00am EDT 

Stobart Group Ltd : Appointment of chief financial officer .Announce the appointment of Mark Adams as chief financial officer ("CFO") with effect from 28 November 2016..  Full Article

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