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Aldermore Group PLC (ALD.L)

ALD.L on London Stock Exchange

312.60GBp
23 Feb 2018
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1.40 (+0.45%)
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Latest Key Developments (Source: Significant Developments)

Aldermore appoints Pat Butler as chairman designate​
Wednesday, 13 Dec 2017 02:03am EST 

Dec 13 (Reuters) - Aldermore Group Plc ::SAYS ‍ALDERMORE GROUP PLC IS PLEASED TO ANNOUNCE APPOINTMENT OF PAT BUTLER AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 JANUARY 2018 AND AS CHAIRMAN DESIGNATE​.  Full Article

Aldermore says Firstrand acquisition will be effected by means of court-sanctioned scheme of arrangement
Monday, 13 Nov 2017 12:23pm EST 

Nov 13 (Reuters) - ALDERMORE GROUP PLC ::‍INTENDED THAT ACQUISITION BY FIRSTRAND WILL BE EFFECTED BY MEANS OF COURT-SANCTIONED SCHEME OF ARRANGEMENT.COURT MEETING AND GENERAL MEETING TO APPROVE SCHEME ARE SCHEDULED TO BE HELD AT 11:00 A.M. AND 11:15 A.M. ON 8 DECEMBER 2017​.  Full Article

Firstrand Ltd announces recommended cash offer for Aldermore Group Plc
Monday, 6 Nov 2017 02:00am EST 

Nov 6 (Reuters) - FIRSTRAND LTD ::FIRSTRAND, ALDERMORE REACHED AGREEMENT ON RECOMMENDED CASH OFFER TO BE MADE BY FIRSTRAND OFFEROR FOR ALDERMORE​.‍OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALDERMORE AT APPROXIMATELY £1.1 BILLION​.‍CONSIDERATION PAYABLE UNDER OFFER WILL BE FUNDED FROM FIRSTRAND GROUP'S EXISTING CASH RESOURCES​.‍ALDERMORE DIRECTORS CONSIDER TERMS OF OFFER TO BE FAIR AND REASONABLE​.‍UNDER TERMS OF OFFER, ALDERMORE SHAREHOLDERS SHALL BE ENTITLED TO RECEIVE FOR EACH ORDINARY SHARE 313 PENCE IN CASH​.  Full Article

Firstrand to not waive due diligence completion condition on Aldermore deal
Monday, 16 Oct 2017 01:05am EDT 

Oct 16 (Reuters) - FIRSTRAND LTD::CONFIRMS IT WILL NOT WAIVE CONDITION ON COMPLETION OF DUE DILIGENCE, BUT CAN ELECT TO WAIVE CONDITION ON UNANIMOUS BOARD RECOMMENDATION​.  Full Article

FirstRand ‍confirms it approached Aldermore on possible offer​
Friday, 13 Oct 2017 08:05am EDT 

Oct 13 (Reuters) - FirstRand Ltd :‍CONFIRMS THAT IT HAS MADE AN APPROACH TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF ALDERMORE​.‍THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.‍FIRSTRAND IS REQUIRED BY 10 NOVEMBER EITHER TO ANNOUNCE A FIRM INTENTION TO MAKE AN OFFER FOR ALDERMORE​ OR SAY IT DOES NOT INTED TO MAKE AN OFFER​.  Full Article

Aldermore says in talks with South Africa's FirstRand over 313p/shr offer
Friday, 13 Oct 2017 07:18am EDT 

Oct 13 (Reuters) - Aldermore Group Plc ::ALDERMORE GROUP PLC - STMNT RE SHARE PRICE MOVEMENT.‍RECENTLY RECEIVED AN INDICATIVE PROPOSAL FROM FIRSTRAND LIMITED REGARDING A POSSIBLE OFFER​.ALDERMORE GROUP - ‍ALDERMORE AND FIRSTRAND ARE IN PRELIMINARY DISCUSSIONS ABOUT DETAILS OF POSSIBLE OFFER, WHICH IS SUBJECT TO A NUMBER OF STANDARD CONDITIONS​.ALDERMORE - ‍OFFER FOR ENTIRE ISSUED OF CO AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALDERMORE OF 313 PENCE PER ORDINARY SHARE IN CASH​.‍BOARD OF ALDERMORE HAS INDICATED TO FIRSTRAND THAT IT IS LIKELY TO RECOMMEND FIRM OFFER AT THIS LEVEL​.‍THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE OR AS TO TERMS ON WHICH ANY OFFER MIGHT BE MADE​.  Full Article

Aldermore says first-half profit up 32 pct
Thursday, 10 Aug 2017 02:49am EDT 

Aug 10 (Reuters) - Aldermore Group Plc ::SAYS ‍ANTICIPATE DELIVERING A CET1 ABOVE 12% BY FY17, ENABLING BOARD TO CONSIDER PAYMENT OF DIVIDENDS​.IN HY 32% INCREASE IN PROFIT BEFORE TAX TO £78M (H1 2016: £59M).IN HY OPERATING INCOME UP 17% TO £150M (H1 2016: £128M).CET1 CAPITAL RATIO UP 30BPS TO 11.8%.HY UNDERLYING COST TO INCOME RATIO IMPROVED TO 44% (H1 2016: 46%).HY RETURN ON EQUITY OF 19% (H1 2016: 16%).HY BASIC EARNINGS PER SHARE GREW BY 45% TO 14.9P (H1 2016: 10.3P).AT END OF HY LOAN GROWTH OF 8% TO £8.1BN (FY 2016: £7.5BN).HY NET INTEREST MARGIN IN LINE WITH GUIDANCE AT 3.5% (H1 2016: 3.6%).HY CET1 CAPITAL RATIO UP 30BPS TO 11.8%.ANTICIPATE DELIVERING A CET1 ABOVE 12% BY FY17.  Full Article

Aldermore raises 113.7 mln stg through placing at 220 p/share
Friday, 10 Mar 2017 02:10am EST 

Aldermore Group Plc : Says announce that they have sold an aggregate of 51,700,000 ordinary shares in capital of company at a price of 220 pence per share . Says funds raised gross sale proceeds of approximately £113.7 million through placing .Says following closing of placing, anacap funds will be interested in approximately 25% of company's issued ordinary share capital of 344,739,584 ordinary shares..  Full Article

Aldermore full-year profit jumps
Thursday, 2 Mar 2017 02:00am EST 

Aldermore Group Plc : Annual financial report . FY underlying profit before tax¹ up 34% to £133m (2015: £99m) . FY reported profit before tax increased by 36% to £129m (2015: £95m) . FY underlying cost/income ratio¹ further improved to 45% (2015: 51%) demonstrating scale benefits and cost control . FY excellent loan origination; up by 24% to £3.2bn (2015: £2.6bn) . FY loan growth of 22% to £7.5bn (31 december 2015: £6.1bn) . FY strong net interest margin at 3.5% (2015: 3.6%) . FY CET1 capital ratio of 11.5%, up from 11.0% at h1 2016 (31 December 2015: 11.8%) .We have made a strong start to 2017, continuing to balance growth, risk and returns across group - CEO.  Full Article

Aldermore says non-exec chairman Glyn Jones to resign
Tuesday, 8 Nov 2016 02:00am EST 

Aldermore Group Plc : Announces that on Nov. 7 2016 Glyn Jones tendered resignation as non-exec chairman, director of co, will take effect from Feb 6 2017 . Glyn has decided to step down from board following a review of his time commitments after his appointment as non-executive chairman of Old Mutual Wealth .Senior independent director, Danuta Gray, will lead board as interim chair until such time as a permanent appointment is made.  Full Article

MOVES-UK's Aldermore names business development head

Jan 29 Aldermore Group named Nick Dudley head of business development for dealer services, a newly created role within the British bank's business finance division.