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Arrow Global Group PLC (ARWA.L)

ARWA.L on London Stock Exchange

375.00GBp
20 Apr 2018
Change (% chg)

6.50 (+1.76%)
Prev Close
368.50
Open
363.00
Day's High
377.50
Day's Low
363.00
Volume
196,870
Avg. Vol
470,669
52-wk High
480.00
52-wk Low
328.50

Latest Key Developments (Source: Significant Developments)

Arrow Global Says Unit Priced Offering Of 2026 And 2024 Notes
Wednesday, 7 Mar 2018 10:15am EST 

March 7 (Reuters) - Arrow Global Group Plc ::‍SUBSIDIARY HAS PRICED ITS OFFERING OF EUR 285.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED NOTES DUE 2026​.‍2026 NOTES WERE OFFERED AT AN ISSUE PRICE OF 100.0%; 2024 ADDITIONAL NOTES WERE OFFERED AT AN ISSUE PRICE OF 99.5%​.UNIT PRICED TAP OFFERING OF £100.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS EXISTING 5.125% SENIOR SECURED NOTES DUE 2024​.‍2026 NOTES WILL BEAR INTEREST AT A RATE PER ANNUM EQUAL TO THREE-MONTH EURIBOR PLUS 3.75%, RESET QUARTERLY​.‍2024 ADDITIONAL NOTES WILL BEAR INTEREST AT 5.125% PER ANNUM​.  Full Article

Arrow Global To Acquire Europa Investimenti S.P.A, Parr Credit S.R.L.
Thursday, 1 Mar 2018 02:03am EST 

March 1 (Reuters) - Arrow Global Group Plc ::PROPOSED ACQUISITIONS OF EUROPA INVESTIMENTI S.P.A AND PARR CREDIT S.R.L. .TO BUY EUROPA INVESTIMENTI S.P.A. FOR AN EQUITY VALUE OF EUR 62 MILLION.TO BUY 100% OF PARR CREDIT S.R.L. FOR AN EQUITY VALUE OF EUR 20 MILLION.ACQUISITIONS WILL BE FUNDED IN CASH FROM EXISTING GROUP RESOURCES AND ARE EXPECTED TO BE BROADLY EARNINGS NEUTRAL IN 2018.  Full Article

Arrow Global Says Mars Capital Deal Completed
Friday, 1 Dec 2017 02:00am EST 

Dec 1 (Reuters) - Arrow Global Group Plc ::ARROW GLOBAL GROUP PLC - CONFIRMS ACQUISITION OF MARS CAPITAL'S UK AND IRISH MORTGAGE SERVICING BUSINESSES NOW COMPLETED.  Full Article

Arrow Global Group reports increase in revenues of 41 percent
Thursday, 9 Nov 2017 02:06am EST 

Nov 9 (Reuters) - Arrow Global Group Plc interim results for nine months to Sept. 30, 2017::‍Strong organic portfolio purchases, increasing 30 percent to 155.0 million pounds​.‍Revenue growth of 41 percent supported by a 13 percent increase in core collections​.‍Zenith performing well and continuing to increase group's Italian market expertise and build valuable relationships​.‍Attractive outlook for NPL supply across Arrow's markets​.  Full Article

Debt collector Arrow Global's CFO to step down
Wednesday, 18 Oct 2017 02:00am EDT 

Oct 18 (Reuters) - Arrow Global Group Plc :APPOINTMENT OF CHIEF FINANCIAL OFFICER.‍ROB MEMMOTT, WHO HAS BEEN WITH BUSINESS FOR SIX YEARS, HAS DECIDED TO STEP DOWN AS GROUP CHIEF FINANCIAL OFFICER​.‍PAUL COOPER, CURRENTLY CFO OF INTERNATIONAL INSURANCE BUSINESS SOMPO CANOPIUS, WILL REPLACE ROB AS GROUP CFO​.‍COOPER WILL JOIN BOARD WHEN HE STARTS ON 1 JANUARY 2018​.  Full Article

Arrow Global chief says no recent approaches from private equity players for company
Thursday, 31 Aug 2017 03:00am EDT 

Aug 31 (Reuters) - Arrow Global Group Plc :ARROW GLOBAL- CEO SAYS: POST BREXIT, LOT OF SPECULATIVE PRIVATE EQUITY ENQUIRIES FOR LOTS OF UK COMPANIES.ARROW GLOBAL- CEO SAYS: "THERE HAVE BEEN NO APPROACHES (FOR ARROW GLOBAL) IN THE TIME I HAVE BEEN CEO".  Full Article

Arrow Global says proposed acquisition of Mars Capital UK and Ireland and strategic partnership with Oaktree Capital
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - ARROW GLOBAL GROUP PLC ::SAYS PROPOSED ACQUISITION OF MARS CAPITAL'S LEADING UK AND IRISH MORTGAGE SERVICING BUSINESSES (MARS CAPITAL), FOR AN ENTERPRISE VALUE OF £15.5 MILLION.SAYS ACQUISITION IT IS EXPECTED TO COMPLETE IN LATE 2017.SAYS ESTABLISHMENT OF STRATEGIC PARTNERSHIP IN UK AND IRELAND WITH OAKTREE CAPITAL MANAGEMENT, L.P..  Full Article

Arrow Global says H1 underlying profit after tax up 35.5 pct to 25.8 mln pounds
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - ARROW GLOBAL GROUP PLC ::H1 2017 STRONG ORGANIC PORTFOLIO PURCHASES UP 30.3% TO £125.1 MILLION (H1 2016: £96.0 MILLION).H1 UNDERLYING PROFIT AFTER TAX UP 35.5% TO £25.8 MILLION.H1 UNDERLYING BASIC EARNINGS PER SHARE (EPS) INCREASED 35.8% TO 14.8P.INTERIM DIVIDEND OF 3.2P PER SHARE.SAYS A STRONG PIPELINE IN ALL OF OUR CORE MARKETS GIVES US CONFIDENCE TO MEET OUR EARNINGS EXPECTATIONS FOR YEAR.  Full Article

Arrow Global says FY underlying basic EPS increases 28.5 pct
Thursday, 2 Mar 2017 04:26am EST 

Arrow Global Group Plc : Final dividend of 6.4p proposed, bringing total dividends for 2016 to 9.1p per share . FY underlying basic earnings per share (EPS) increased 28.5% to 26.1p . Total revenue for year was £235.9 million, an increase of 42.6% .Expect to complete purchase of Zenith in first half of year.  Full Article

Debt collection firm Arrow Global appoints former Virgin Money CFO as CEO
Wednesday, 7 Dec 2016 02:00am EST 

Arrow Global Group Plc : Appointment of chief executive officer . Tom Drury has decided to step down as group CEO .Lee Rochford, formerly CFO of Virgin Money will replace Tom as group CEO and board director from 3 January 2017..  Full Article

BRIEF-Arrow Global Says Unit Priced Offering Of 2026 And 2024 Notes

* ‍SUBSIDIARY HAS PRICED ITS OFFERING OF EUR 285.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED NOTES DUE 2026​