Key Developments: Workspace Group PLC (WKP.L)

WKP.L on London Stock Exchange

598.00GBp
5:08am EDT
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13.00p (+2.22%)
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585.00p
Open
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639.00p
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Latest Key Developments (Source: Significant Developments)

Workspace Group proposes final dividend
Wednesday, 4 Jun 2014 02:00am EDT 

Workspace Group PLC:Proposes a final dividend of 0.0709 pounds per share (2013: 0.0645 pounds).Payable on Aug. 1 to shareholders on the register at July 11.  Full Article

Workspace Group PLC entered into agreement with London & Quadrant Housing Association
Tuesday, 6 May 2014 02:03am EDT 

Workspace Group PLC:For redevelopment of its two acre Faircharm Estate in Creekside, Deptford, SE8.In May 2013 workspace obtained planning consent at this site for development of 148 apartments ana new 52,000 sq. ft. business centre.Construction of the centre will be undertaken by L&Q at no cost to Workspace.New centre is expected to be completed in mid-2016.  Full Article

Workspace Group PLC acquires property in London
Friday, 2 May 2014 02:00am EDT 

Workspace Group PLC:Says acquisition of Vestry Street Studios, Vestry Street, London, N1 for 12.55 mln pounds.Property, which is 100 pct let, is being acquired at a net initial yield of 4.1 pct, off low average rent of 23 pounds per sq. ft.  Full Article

Workspace Group PLC announces sale of second phase of Bow Enterprise
Friday, 4 Apr 2014 02:00am EDT 

Workspace Group PLC:Announced that it has sold the residential part of the second phase of its mixed use development at Bow Enterprise Park E3 to Peabody Enterprises.The site is adjacent to the first phase of the development which was also sold to Peabody in 2012 and is under construction.The second Phase comprises 160 apartments and 3,000 sq ft of commercial space.Peabody will pay 11 million pounds in cash once vacant possession has been achieved, which is expected to be May 2015, and will return the new commercial space to Workspace.  Full Article

Workspace Group PLC Announces Interim Dividend
Tuesday, 12 Nov 2013 02:00am EST 

Workspace Group PLC announced that an interim dividend of GBP0.0354 per share will be paid on February 4, 2014 to shareholders who are on the register of members on January 10, 2014. This is an increase of 10% on the interim dividend paid last year of GBP0.0322 per share in line with its dividend policy. The dividend will be paid as a Property Income Distribution (PID).  Full Article

Workspace Group Plc Announces Sale Of Residential Redevelopment Site To Grosvenor
Thursday, 24 Oct 2013 02:10am EDT 

Workspace Group Plc announced an agreement with Grosvenor Britain & Ireland (Grosvenor), the privately-owned international property group. The agreement relates to a mixed-use redevelopment at its 11 acre Tower Bridge Business Complex, Clements Road, London, SE16 (the Biscuit Factory). Workspace obtained planning consent in May 2013 for 800 new residential units on 7 acres of the site together with 60,000 sq.ft (gross) of new business space. Under the terms of the agreement with Grosvenor: Workspace will receive GBP51m in cash. GBP48m will be payable on a phased basis as vacant possession is achieved on the 7 acres of land being sold for the residential redevelopment .  Full Article

Workspace Group PLC Proposes Final Dividend
Tuesday, 11 Jun 2013 02:10am EDT 

Workspace Group PLC announced that Board has proposed a final dividend of 6.45 pence per share, (2012: 5.86 pence) which will be paid on August 2, 2013 to shareholders on the register at July 12, 2013. This dividend will be paid as a normal dividend (non-PID).  Full Article

Workspace Group PLC Announces Interim Dividend
Tuesday, 13 Nov 2012 02:00am EST 

Workspace Group PLC announced an interim dividend of 3.22p per share will be paid, an increase of 10% on the interim dividend paid last year of 2.93p per share. The dividend will be paid as a Property Income Distribution (PID) on February 5, 2013 to shareholders who are on the register of members on January 11, 2013.  Full Article

Workspace Group plc Launches 6.0% Retail Bond Due 2019
Tuesday, 2 Oct 2012 10:03am EDT 

Workspace Group plc announced that it has launched GBP 57,500,000 bonds due 2019.Terms used herein shall be deemed to be defined as such for the purposes of the ''Terms and Conditions of the Bonds'' set forth in the prospectus issued by Workspace Group PLC dated 18 September 2012 (the "Prospectus"). This announcement constitutes the Sizing Announcement referred to in the Prospectus and must be read in conjunction with the Prospectus. This announcement is not a prospectus for the purposes of EU Directive 2003/71/EC (as amended) (the ''Prospectus Directive'') and/or Part VI of the Financial Services and Markets Act 2000. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on the Issuer and the offer of the Bonds is only available on the basis of the combination of the Prospectus and this Sizing Announcement. The Prospectus is available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange.  Full Article

Workspace Group plc Launches 6.0% Retail Bond Due 2019
Wednesday, 19 Sep 2012 04:00am EDT 

Workspace Group plc announced that it has launched 6.0% Sterling Bonds due 2019 (the Bonds), available to retail investors. The Bonds will pay a fixed rate of interest of 6.0% per annum, payable twice yearly on April 9 and October 9 of each year with the first coupon payment being made on April 9, 2013 and the Bonds maturing on October 9, 2019. At any time during the life of the Bond, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker. The Bonds have a minimum initial subscription amount of GBP 2,000 and in multiples of GBP 100 thereafter. The offer period will open on September 19, 2012 and is expected to close on October 2, 2012. The Joint Lead Managers retain the right to close the offer early, in conjunction with Workspace Group plc. The Bonds are expected to be listed on the LSE and admitted to trading on the LSE's Regulated Market and through the Order Book for Retail Bonds. Investec Bank plc and Numis Securities Limited will act as Joint Lead Managers on this issue.  Full Article

UPDATE 1-UK property market recovery drives Workspace's asset value

* Shares rise 6 pct (Adds analyst comment, background, share movement)

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