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Countrywide PLC (CWD.L)

CWD.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Oaktree Capital Cuts Stake In Countrywide To 18.23 Pct From 30.13 Pct- Filing
Monday, 3 Sep 2018 08:55am EDT 

Sept 3 (Reuters) - Countrywide PLC ::OAKTREE CAPITAL GROUP CUTS STAKE IN COUNTRYWIDE TO 18.23 PERCENT FROM 30.13 PERCENT- FILING.  Full Article

Investec Asset Management Raises Stake To 12.5 Pct From 5.75 Pct In Countrywide
Monday, 3 Sep 2018 06:36am EDT 

Sept 3 (Reuters) - Countrywide PLC ::INVESTEC ASSET MANAGEMENT LTD RAISES STAKE TO 12.50 PERCENT FROM 5.75 PERCENT IN COUNTRYWIDE PLC - FILING.  Full Article

Countrywide Says Shareholders Pass Capital Refinancing Resolutions At GM
Tuesday, 28 Aug 2018 07:25am EDT 

Aug 28 (Reuters) - Countrywide Plc ::AT GM, CAPITAL REFINANCING RESOLUTIONS IN COMBINED PROSPECTUS PUBLISHED ON AUG 2 DULY PASSED BY SHAREHOLDERS BY WAY OF A POLL.  Full Article

Countrywide Receives Valid Acceptances For 206.6 Mln Shares Under Open Offer
Tuesday, 21 Aug 2018 02:00am EDT 

Aug 21 (Reuters) - Countrywide PLC ::RESULTS OF PLACING AND OPEN OFFER.OPEN OFFER CLOSED FOR ACCEPTANCES AT 11:00 A.M. ON 17 AUGUST 2018.RECEIVED VALID ACCEPTANCES IN RESPECT OF 206.6 MILLION OPEN OFFER SHARES UNDER OPEN OFFER.REMAINING 79 MILLION OPEN OFFER SHARES, REPRESENTING APPROXIMATELY 27.66% OF OPEN OFFER SHARES WILL BE ALLOCATED TO CONDITIONAL PLACEES.  Full Article

Countrywide Says Approves Unchanged Remuneration Policy
Monday, 20 Aug 2018 02:00am EDT 

Aug 20 (Reuters) - Countrywide PLC ::RECEIVED SUPPORT FROM BOTH EXISTING AND NEW SHAREHOLDERS IN RELATION TO RAISING OF £140 MILLION OF ADDITIONAL EQUITY.DECIDED THAT DIRECTORS' REMUNERATION POLICY SHOULD NOT BE AMENDED.  Full Article

Countrywide Announces Completion Of Bookbuild
Thursday, 2 Aug 2018 10:30am EDT 

Aug 2 (Reuters) - Countrywide PLC ::COMPLETION OF BOOKBUILD.CONFIRMS THAT BOOKBUILDING PROCESS FOR FIRM PLACING AND CONDITIONAL PLACING OF OPEN OFFER SHARES HAS NOW CLOSED.  Full Article

Countrywide To Set Up Capital Structure, Undertake Equity Financing
Tuesday, 24 Jul 2018 02:00am EDT 

July 24 (Reuters) - Countrywide PLC ::LOOKING TO PUT IN PLACE A LONG-TERM CAPITAL STRUCTURE TO REDUCE ITS INDEBTEDNESS.ALSO LOOKING TO SUPPORT ITS TURNAROUND PLAN AND GROWTH THROUGH ADDITIONAL EQUITY FINANCE.SAYS ADJUSTED EBITDA FOR GROUP FOR SIX MONTHS ENDED 30 JUNE 2018 WAS SLIGHTLY BETTER THAN GUIDANCE PREVIOUSLY PROVIDED.SAYS GROUP EXPECTS TO MAKE CONTINUED PROGRESS IN SECOND HALF OF YEAR.SAYS GROUP CONTINUES TO EXPECT FULL YEAR TO BE IN LINE WITH BOARD'S EXPECTATIONS.  Full Article

Countrywide Issues Update On Capital Structure, Profit Forecast
Monday, 25 Jun 2018 02:14am EDT 

June 25 (Reuters) - Countrywide PLC ::CAPITAL STRUCTURE, RECOVERY PLAN & TRADING UPDATE.MARKET IN FIRST HALF HAS CONTINUED TO BE SUBDUED AND WE HAVE EXPERIENCED LONGER TRANSACTION CYCLES.NOW LOOKING TO PUT IN PLACE A LONG TERM CAPITAL STRUCTURE TO REDUCE ITS INDEBTEDNESS AND TO SUPPORT ITS TURNAROUND PLAN AND GROWTH.ADJUSTED EBITDA IS NOW EXPECTED TO BE AROUND £20 MILLION LOWER IN FIRST HALF COMPARED WITH SAME PERIOD LAST YEAR.DO NOT EXPECT ADJUSTED EBITDA SHORTFALL TO BE RECOVERED IN SECOND HALF.FOCUS REMAINS ON BUILDING BACK SALES PIPELINE AND WE EXPECT TO SUBSTANTIALLY CLOSE PIPELINE GAP BY END OF YEAR.INTENTION TO REDUCE LEVELS OF DEBT BY AT LEAST 50% THROUGH ADDITIONAL EQUITY FINANCE.MAJOR SHAREHOLDER, OAKTREE, AND COMPANY'S LENDER GROUP ARE SUPPORTIVE OF THIS CAPITAL STRUCTURE APPROACH.CROSS- REFERRAL INCOME WITHIN GROUP INCREASED BY 8%, WITH EVERY £1 OF INCOME EARNED BY ESTATE AGENCY IN FIRST FIVE MONTHS TO MAY 2018.B2B AND FINANCIAL SERVICES BUSINESSES PERFORMED IN LINE WITH BOARD'S EXPECTATIONS.REGISTER OF PROPERTIES AVAILABLE FOR SALE IS NOW BROADLY BACK TO 2017 LEVELS HAVING INCREASED BY 9% SINCE 31 DECEMBER 2017.  Full Article

Countrywide Says FY Income To Fall To About 672 Mln Stg
Thursday, 18 Jan 2018 02:00am EST 

Jan 18 (Reuters) - Countrywide Plc ::‍TOTAL GROUP INCOME FOR FULL YEAR IS EXPECTED TO BE CIRCA £672M (2016: £737M), WITH Q4 INCOME OF CIRCA £164M​.‍EBITDA FOR 2017 IS EXPECTED TO BE AROUND £65M​.‍TOTAL INCOME IN SALES AND LETTINGS BUSINESS FOR FULL YEAR IS EXPECTED TO BE CIRCA £360M, DOWN 14% ON 2016​.  Full Article

Countrywide reports Q3 revenue of 175.1 million stg
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - Countrywide Plc ::Q3 REVENUE 175.1 MILLION STG.‍TOTAL GROUP REVENUE FOR Q3 WAS £175.1M, AN INCREASE OF 2% COMPARED WITH Q2 AND DOWN 7% YEAR ON YEAR.​.‍THIS REPRESENTS A RESILIENT PERFORMANCE IN LONDON SALES AND LETTINGS AND IN FINANCIAL SERVICES, AND A SOLID PERFORMANCE IN B2B, OFFSETTING EFFECT OF SLOWER HOUSING TRANSACTIONS ACROSS UK.​.‍WITHIN ESTATE AGENCY, Q3 REVENUE WAS £47.8M (2016: £57.0M)​.‍TRANSACTION LEVELS WERE UP IN Q3 COMPARED WITH Q1 AND Q2, WITH Q3 REVENUE UP 2% ON Q2.​.‍REVENUE WAS UP 1.5% IN LONDON COMPARED WITH Q2 AND REVENUES ACROSS UK ESTATE AGENCY BUSINESS INCREASED 2% ON Q2.​.‍OUR FOCUS ON COST REDUCTION REMAINS EQUALLY UNABATED AND WE ARE MOBILISING NEXT PHASE OF OUR COST TRANSFORMATION PROGRAMME.​.‍AS IN PREVIOUS YEARS, FINAL QUARTER REMAINS IMPORTANT AND WE CURRENTLY EXPECT OUR RESULTS FOR FULL YEAR TO BE TOWARDS LOWER END OF RANGE OF MARKET EXPECTATIONS."​.  Full Article

UPDATE 1-UK's Royal Mail chairman steps down to focus on Countrywide role

Sept 19 Royal Mail Plc said Peter Long would step down as chairman of the British post and parcel services company with immediate effect and be replaced by Les Owen.