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Tatts Group Ltd (TTS.AX)

TTS.AX on Australia Stock Exchange

4.42AUD
28 Mar 2017
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$0.05 (+1.14%)
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Latest Key Developments (Source: Significant Developments)

Tatts Group responds to ACCC SOI regarding proposed merger of Tabcorp and Tatts Group
Wednesday, 8 Mar 2017 07:33pm EST 

Tatts Group Ltd : Unanimously recommends proposed tabcorp merger, in absence of a superior proposal . Tatts will continue to work with Tabcorp to progress competition approval process and all other regulatory approvals .Refers to ACCC statement of issues (soi) in relation to proposed merger of tabcorp and Tatts Group.  Full Article

Tatts Group responds to ACCC SOI regarding proposed merger of Tabcorp and Tatts Group
Wednesday, 8 Mar 2017 06:59pm EST 

Tatts Group Ltd : Unanimously recommends proposed tabcorp merger, in absence of a superior proposal . Tatts will continue to work with Tabcorp to progress competition approval process and all other regulatory approvals .Refers to ACCC statement of issues (soi) in relation to proposed merger of tabcorp and Tatts Group.  Full Article

Tatts Group says FY revenue from ordinary activities $3.03 bln vs $2.92 bln
Wednesday, 17 Aug 2016 06:36pm EDT 

Tatts Group Ltd : Says FY revenue from ordinary activities $3.03 billion versus $2.92 billion . Says FY net profit for the period attributable to members $233.8 million versus $252 million . Says final dividend 8.0 cents per share .  Full Article

Intralot in talks with Tatts to divest its Australian and New Zealand ops
Wednesday, 3 Aug 2016 05:11am EDT 

Intralot :Says in talks with Tatts Group for the sale of its Australian and New Zealand operations.  Full Article

Tatts Group responds to media speculation
Tuesday, 2 Aug 2016 09:52pm EDT 

Tatts Group Ltd : Media speculation . Tatts Group Limited Tatts) confirms that it has for some time been in discussions with intralot sa (intralot) . Says discussions have advanced to a confirmatory due diligence stage . Discussions in relation to a potential acquisition by Tatts of intralot's Australian and New Zealand businesses . Intralot has agreed to conduct this process on an exclusive basis with Tatts . Says there is no certainty that the discussions will result in a binding transaction .  Full Article

Tatts sells UK slots business
Sunday, 26 Jun 2016 07:14pm EDT 

Tatts Group Ltd : Tatts sells UK slots business . Says FY 2016 npat (continuing operations - excluding talarius) expected range $255M to $265M . Sale of talarius will result in Tatts deriving net proceeds and cash receipts (after transaction costs) of £111M . Says Tatts UK slots business sold to Novomatic . Sale after repaying debt facilities will not have a material impact on continuing earnings per share for the group . Divestment will result in non-cash accounting charge in FY 2016 financial results of A$50M which will be reported as a loss in discontinued operations . Intends maintaining tatts' current dividend policy of paying out approximately 90% of continuing operations npat . Currently intends declaring a fully franked final dividend to be paid in October 2016 .  Full Article

Tatts Group updates on High Court of Australia Judgment
Tuesday, 1 Mar 2016 02:20pm EST 

Tatts Group:Court of Australia upheld the state of victoria's appeal in relation to the matter of the state of Victoria v Tatts Group Limited.Court says Tatts must repay the state $540.5 million plus interest from 27 June 2014.Says 'amount of the interest has not yet been determined".Says high court of Australia judgment Expected financial impact in the 2016 full year accounts will be payment to state of additional interest plus costs.Decision not expected to affect co's ability to continue its stated dividend policy of maintaining a high annual dividend payout ratio.Litigation proceeds have been used to repay debt as it matured and this has resulted in an approximate $18.6 million after tax benefit.Court of Australia upheld the state of victoria's appeal in relation to the matter of the state of Victoria v Tatts Group Limited Court says Tatts must repay the state $540.5 million plus interest from 27 June 2014.  Full Article

Tatts Group says Ubet Nt Pty Ltd has been granted 20 year exclusive totalisator licence
Monday, 2 Nov 2015 09:27pm EST 

Tatts Group Ltd:Subsidiary, ubet nt pty ltd (ubet) has been granted a new 20 year exclusive totalisator licence with effect from 1 November 2015.Says throughout the term of the licence, an annual licence fee ($250,000 subject to indexation) is payable to the northern territory.  Full Article

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