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Findel PLC (FDL.L)

FDL.L on London Stock Exchange

196.00GBp
11:35am EDT
Change (% chg)

-1.00 (-0.51%)
Prev Close
197.00
Open
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Day's High
197.00
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196.00
Volume
20,896
Avg. Vol
140,296
52-wk High
312.00
52-wk Low
152.50

Latest Key Developments (Source: Significant Developments)

Sports Direct Says Offer For Findel Lapses
Friday, 3 May 2019 10:34am EDT 

May 3 (Reuters) - Findel PLC ::LAPSE OF OFFER.AT 1PM ON 3 MAY RECEIVED VALID ACCEPTANCES OF OFFER OF A TOTAL OF 860,616 FINDEL SHARES, REPRESENTING 0.99% OF FINDEL'S ISSUED CAPITAL.HOLDS 31.9 MILLION FINDEL SHARES, REPRESENTING APPROXIMATELY 36.84% OF FINDEL'S ENTIRE ISSUED SHARE CAPITAL.OFFER NOT CAPABLE OF BEING DECLARED UNCONDITIONAL AS TO ACCEPTANCES AT 1PM ON 3 MAY AND THEREFORE OFFER LAPSED WITH IMMEDIATE EFFECT.  Full Article

Findel Reaffirms That Sports Direct Offer Significantly Undervalues Co
Thursday, 25 Apr 2019 02:00am EDT 

April 25 (Reuters) - Findel PLC ::OFFER FAILS TO SECURE SUFFICIENT ACCEPTANCES.NOTES LEVEL OF ACCEPTANCES ANNOUNCED BY SPORTS DIRECT IN RESPONSE TO OFFER FOR CO.SPORTS DIRECT HAS UNTIL 4 MAY 2019 TO IMPROVE OR OTHERWISE CHANGE ITS OFFER, SHOULD IT WISH TO DO SO.REAFFIRMS ITS PREVIOUS STATEMENTS THAT OFFER SIGNIFICANTLY UNDERVALUES FINDEL AND ITS FUTURE PROSPECTS.STRONGLY RECOMMENDS THAT ALL SHAREHOLDERS TAKE NO ACTION AND REJECT OFFER.  Full Article

Findel Rejects Offer By Sports Direct International PLC
Wednesday, 27 Mar 2019 05:00am EDT 

March 27 (Reuters) - Findel Plc ::CIRCULAR REJECTING OFFER BY SPORTS DIRECT INTERNATIONAL PLC.FINDEL - PUBLISHING ITS RESPONSE CIRCULAR IN RELATION TO MANDATORY OFFER FOR FINDEL NOT ALREADY OWNED BY SPORTS DIRECT AT 161 PENCE/SHARE IN CASH.BOARD REAFFIRMS ITS PREVIOUS STATEMENTS THAT OFFER "SIGNIFICANTLY UNDERVALUES FINDEL AND ITS FUTURE PROSPECTS".STRONGLY URGES ALL SHAREHOLDERS TO TAKE NO ACTION AND REJECT OFFER FROM SPORTS DIRECT.FINDEL - CURRENT TRADING IS STRONG AND GROUP RE-ITERATES ITS Q3 TRADING STATEMENT.BELIEVES THAT FY PBT NOW LIKELY TO BE TOWARDS UPPER END OF CURRENT MARKET EXPECTATIONS (£26 MILLION TO £28 MILLION).  Full Article

Findel Reaffirms That Sports Direct Offer Undervalues Co
Wednesday, 20 Mar 2019 03:00am EDT 

March 20 (Reuters) - Findel PLC ::STATEMENT REGARDING OFFER BY SPORTS DIRECT.BOARD REAFFIRMS ITS PREVIOUS STATEMENT THAT OFFER SIGNIFICANTLY UNDERVALUES FINDEL.NOTES ANNOUNCEMENT MADE BY SPORTS DIRECT OF POSTING OF OFFER DOCUMENT CONTAINING TERMS OF ITS MANDATORY OFFER.BOARD IS UNANIMOUS IN ITS REJECTION OF OFFER AT 161 PENCE PER SHARE.  Full Article

Findel says ‍on track to meet full year expectations
Wednesday, 29 Nov 2017 02:00am EST 

Nov 29 (Reuters) - FINDEL PLC ::H1 ADJUSTED PRETAX PROFIT 11.9 MILLION STG.‍H1 REVENUE £226.0M VERSUS £213.0M YEAR AGO​.‍ON TRACK TO MEET FULL YEAR EXPECTATIONS, AND OUR EARNINGS AND NET DEBT GUIDANCE REMAINS UNCHANGED.​.  Full Article

Findel says trading in-line with expectations
Tuesday, 29 Aug 2017 02:54am EDT 

Aug 29 (Reuters) - FINDEL PLC ::HAS MADE A GOOD START TO YEAR, WITH BOTH BUSINESSES TRADING IN LINE WITH EXPECTATIONS.  Full Article

Findel appoints Stuart Caldwell as finance chief
Thursday, 13 Jul 2017 02:00am EDT 

July 13 (Reuters) - Findel Plc :To announce appointment of Stuart Caldwell as group chief financial officer with immediate effect.  Full Article

Britain's Findel receives key shareholder's support on rejecting Sports Direct bid

April 1 Online retail and education business Findel Plc said on Monday it had received a letter of support from its second-largest shareholder Schroders Investment Management Ltd for its rejection of a buyout offer from Mike Ashley's Sports Direct.