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Countryside Properties PLC (CSPC.L)

CSPC.L on London Stock Exchange

343.20GBp
11:53am EDT
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Latest Key Developments (Source: Significant Developments)

Countryside Properties Says Qtrly Total Completions Up 47%
Thursday, 25 Jan 2018 02:00am EST 

Jan 25 (Reuters) - Countryside Properties Plc ::QTRLY TOTAL COMPLETIONS UP 47% TO 852 UNITS.COUNTRYSIDE PROPERTIES QTRLY PRIVATE AVERAGE SELLING PRICE DOWN 11% AT £394,000 WITH UNDERLYING SALES PRICE GROWTH OF 3%.QTRLY OPEN SALES OUTLETS UP 7% TO 49.Q1 ‍NET CASH OF £65.1M DRIVEN BY HIGHER COMPLETIONS (Q1 2017: £86.0M NET DEBT)​.Q1 2018 PRIVATE FORWARD ORDER BOOK OF £242.9 MILLION VERSUS £292.9 MILLION IN Q1 2017."‍CURRENT TRADING REMAINS ROBUST, WITH NET RESERVATION RATE TRACKING IN LINE WITH EXPECTATIONS, UNDERLYING SALES PRICE INCREASE OF 3 PERCENT"​.Q1 2018 NET RESERVATION RATES OF 0.70 VERSUS 0.73 IN Q1 2017.  Full Article

Countryside Properties announces results of placing
Friday, 1 Dec 2017 02:00am EST 

Dec 1 (Reuters) - COUNTRYSIDE PROPERTIES PLC ::OAKTREE ANNOUNCES THAT SELLER HAS INCREASED SIZE OF ACCELERATED BOOKBUILD IN COUNTRYSIDE DUE TO STRONG INVESTOR DEMAND​.OAKTREE HAS SOLD 67,500,000 ORDINARY SHARES AT A PRICE OF 340 PENCE PER SHARE, REPRESENTING 15.0% OF COS ISSUED SHARE CAPITAL​.  Full Article

‍Oaktree Intends To Sell About 58.5 Mln Ordinary Shares In Countryside​ - bookrunner
Thursday, 30 Nov 2017 12:08pm EST 

Nov 30 (Reuters) - Countryside Properties Plc's Bookrunner::SAYS‍​ ‍OAKTREE INTENDS TO SELL APPROXIMATELY 58.5 MILLION ORDINARY SHARES IN COUNTRYSIDE.SAYS ‍PLACING SHARES REPRESENT APPROXIMATELY 13% OF COMPANY'S ISSUED SHARE CAPITAL​​.SAYS‍​ ‍BARCLAYS BANK PLC AND NUMIS SECURITIES LIMITED ARE ACTING AS JOINT BOOKRUNNERS.SAYS ‍PLACING SHARES ARE BEING OFFERED BY WAY OF AN ACCELERATED BOOKBUILD, TO BE LAUNCHED IMMEDIATELY ​.  Full Article

Countryside Properties increases proposed dividend by 147 per cent
Wednesday, 22 Nov 2017 02:25am EST 

Nov 22 (Reuters) - COUNTRYSIDE PROPERTIES PLC ::FULL YEAR RESULTS.‍FY NET RESERVATION RATE OF 0.84 (2016: 0.78) FROM 47 SALES OUTLETS (2016: 43 SALES OUTLETS)​.‍FY PRIVATE AVERAGE SELLING PRICE ("ASP") OF £430,000, DOWN 8% IN LINE WITH OUR STRATEGIC OBJECTIVES​.FY RECORD YEAR END GROUP PRIVATE FORWARD ORDER BOOK OF £242.4M, UP 8% (2016: £225.4M)​.‍CURRENT TRADING REMAINS ROBUST WITH STRONG DEMAND FROM OWNER OCCUPIERS FOR OUR HIGH-QUALITY HOMES​.‍OUR PROPOSED DIVIDEND PER SHARE HAS ALSO INCREASED BY 147 PER CENT WITH A RECOMMENDED FINAL DIVIDEND PER SHARE OF 5.0 PENCE​.  Full Article

Countryside Properties announces phase 2 planning approval at South Oxhey central development
Tuesday, 14 Nov 2017 07:13am EST 

Nov 14 (Reuters) - Countryside Properties Plc :‍THREE RIVERS DISTRICT COUNCIL HAS GRANTED PLANNING CONSENT FOR PHASE 2 OF £172M REDEVELOPMENT IN SOUTH OXHEY, HERTFORDSHIRE​.COUNTRYSIDE AND HOME GROUP WILL WORK WITH COUNCIL TO DELIVER 174 NEW HOMES, 7,500 SQ FT OF RETAIL SPACE AND A NEW MARKET PLACE​.‍PHASE 2 WORKS WILL BEGIN IN APRIL 2018.​.  Full Article

Countryside Properties says FY ‍open sales outlets up 9%
Wednesday, 11 Oct 2017 02:00am EDT 

Oct 11 (Reuters) - Countryside Properties Plc :‍FY COMPLETIONS UP 28% TO 3,389 HOMES​.FY ‍OPEN SALES OUTLETS UP 9% AT 47​.‍FURTHER 18 SITES UNDER CONSTRUCTION TO ENSURE INCREASE NUMBER OF OPEN SELLING OUTLETS IN FY18​.  Full Article

Countryside Properties quarterly total completions up 41 pct to 821 units
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - Countryside Properties Plc :Countryside properties plc - q3 total completions up 41% to 821 units.Countryside properties plc - q3 private average selling price up 16% at £404,000, with underlying sales price growth of 5%.Countryside properties plc - q3 net reservation rates up 16% at 0.88.Countryside properties plc - q3 open sales outlets up 19% to 44.Countryside properties plc - q3 record private forward order book up 28% to £354.0m.Countryside properties - "continue to see robust demand for our homes across both divisions;" on track to deliver growth trajectory set out earlier this year.  Full Article

Countryside investors Richard and Graham Cherry sell 2.4 pct stake -bookrunner
Tuesday, 6 Jun 2017 02:00am EDT 

June 6 (Reuters) - Countryside Properties Plc : bookrunner::‍Results of placing of 11,017,432 ordinary shares in Countryside Properties Plc by certain management sellers​.Richard and Graham Cherry sold 11,017,432 ordinary shares, representing about 2.4 pct of co's share capital, at price of 325 pper share.Proceeds payable in cash on usual settlement terms, and closing of placing is expected to occur on a T+2 basis on June 8.After placing completes, Richard Cherry will hold c.1.5 pct of co's share capital, Graham Cherry will hold c.2.0 pct co's share capital​.  Full Article

Bookrunner says Richard Cherry and Graham Cherry to sell 11.01 mln Countryside shares
Monday, 5 Jun 2017 11:58am EDT 

June 5 (Reuters) - Bookrunner::Bookrunner says Richard cherry and graham cherry to sell up to 11,017,432 shares in Countryside representing 2.4 percent of co's share capital.Bookrunner Placing shares are being offered by way of an accelerated bookbuild.Bookrunner says Numis securities limited is acting as sole bookrunner in connection with placing.  Full Article

Investor Oaktree places about 103.7 mln shares in Countryside- bookrunner
Friday, 26 May 2017 06:53am EDT 

May 26 (Reuters) - Bookrunner::Placing of 103,686,504 ordinary shares in Countryside Properties Plc <<>> by OCM Luxembourg Coppice Topco being an entity controlled by Oaktree.Following completion of placing, seller will continue to hold about 23 pct of issued share capital of company.Proceeds of placing are payable in cash, and settlement of placing is expected to occur on a t+2 basis on May 31.Company will not receive any proceeds from placing.  Full Article