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Intu Properties PLC (INTUP.L)

INTUP.L on London Stock Exchange

96.60GBp
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Intu Properties Appoints Dushyant Sangar As Chief Investment Officer
Thursday, 9 May 2019 04:00am EDT 

May 9 (Reuters) - Intu Properties PLC ::INTU PROPERTIES PLC - APPOINTMENT OF CHIEF INVESTMENT OFFICER.INTU PROPERTIES PLC - APPOINTMENT OF DUSHYANT SANGAR AS ITS CHIEF INVESTMENT OFFICER.INTU - SANGAR WILL BE RESPONSIBLE FOR IMPLEMENTING CO'S ONGOING INVESTMENT STRATEGY AS WELL AS CONTINUING TO MANAGE ACQUISITIONS & DISPOSALS.  Full Article

Intu Now Sees 2019 LFL Rental Income To Fall 4-6 Pct
Friday, 3 May 2019 02:00am EDT 

May 3 (Reuters) - Intu Properties PLC ::TRADING UPDATE FOR THE PERIOD FROM 1 JANUARY 2019 TO 2 MAY 2019.PRIORITY TO REDUCE LEVERAGE UNDERWAY.CONTINUED TO SEE GOOD LETTING ACTIVITY WITH 53 LONG-TERM LEASES SIGNED AMOUNTING TO £6 MILLION OF ANNUAL RENT, 1 PERCENT ABOVE PREVIOUS PASSING RENT.PRIORITY IS TO REDUCE LOAN TO VALUE TO BELOW 50 PER CENT AND PLANS TO ACHIEVE THIS ARE UNDERWAY.WE EXPECT REMAINDER OF 2019 TO BE CHALLENGING DUE TO A HIGHER THAN EXPECTED LEVEL OF CVAS.CONTINUED TO SEE GOOD LETTING ACTIVITY.ADJUSTED OUR 2019 GUIDANCE TO MINUS FOUR TO SIX PER CENT FOR LIKE FOR LIKE RENTAL INCOME.SEE SLOWDOWN IN NEW LETTINGS AS TENANTS DELAY THEIR DECISIONS DUE UNCERTAINTIES IN CURRENT POLITICAL AND RETAIL ENVIRONMENTS.OPERATIONAL PERFORMANCE IN QUARTER HAS BEEN STABLE.HAVE REVISED OUR APPROACH TO HOW WE GUIDE TOWARDS OUR YEAR-END LIKE-FOR-LIKE NET RENTAL INCOME TO FACTOR IN EXPECTED CVAS.CONTINUING TO EXPLORE DISPOSAL OPTIONS ON SPANISH CENTRES.GIVEN TIMING OF EASTER, FOOTFALL IN Q1 WAS DOWN 0.2 PER CENT IN UK.CHANGE FROM GUIDANCE GIVEN AT YEAR-END IS DUE TO A HIGHER EXPECTED LEVEL OF CVAS IN REST OF 2019.EXPECT CVAS TO RUN AT A HIGHER LEVEL THAN IN 2018.REDUCED CAPITAL EXPENDITURE PIPELINE AS PART OF BALANCE SHEET PRIORITIES.  Full Article

Intu Properties Says Barbara Gibbes To Become Interim CFO
Thursday, 11 Apr 2019 04:30am EDT 

April 11 (Reuters) - Intu Properties PLC ::CFO INTERIM APPOINTMENT.BARBARA GIBBES WILL BECOME INTERIM CHIEF FINANCIAL OFFICER.PROCESS TO RECRUIT A PERMANENT CFO HAS COMMENCED AND WILL INCLUDE INTERNAL AND EXTERNAL CANDIDATES.INTERIM CFO ROLE WILL NOT BE A BOARD POSITION.  Full Article

Intu Properties Says Reappointment Of David Fischel Not To Be Proposed At AGM
Tuesday, 9 Apr 2019 10:15am EDT 

April 9 (Reuters) - Intu Properties PLC ::INTU PROPERTIES PLC - RESOLUTION 4 AT AGM TO REAPPOINT DAVID FISCHEL WILL NOT BE PROPOSED BY CHAIRMAN.INTU PROPERTIES - RESOLUTION 5 TO RE-ELECT MATTHEW ROBERTS AS A DIRECTOR WILL, IF PASSED, TAKE EFFECT FOR HIM AS CEO RATHER THAN AS CFO.  Full Article

Intu Properties gives suitors more time to make firm offer
Wednesday, 14 Nov 2018 02:00am EST 

Nov 14 (Reuters) - Intu Properties PLC ::STATEMENT RE POSSIBLE OFFER.EXTENSION TO DEADLINE UNDER RULE 2.6(C) OF CODE.EXTENSION HAS BEEN GRANTED BY PANEL AND CONSORTIUM MUST, BY NO LATER THAN 5.00 P.M. ON 22 NOVEMBER 2018, EITHER ANNOUNCE A FIRM INTENTION TO MAKE AN OFFER OR ANNOUNCE THAT IT DOES NOT INTEND TO MAKE AN OFFER.  Full Article

STC International, Novatrust Disclose 6.06 Pct Stake In Intu Properties
Monday, 10 Sep 2018 11:00am EDT 

Sept 10 (Reuters) - Intu Properties Plc ::STC INTERNATIONAL LIMITED, NOVATRUST LIMITED DISCLOSE 6.06 PERCENT STAKE IN INTU PROPERTIES PLC - FILING.  Full Article

Intu Properties CEO David Fischel To Step Down
Thursday, 26 Jul 2018 02:02am EDT 

July 26 (Reuters) - Intu Properties PLC ::DAVID FISCHEL, CHIEF EXECUTIVE, WILL BE STANDING DOWN FROM BOARD AND LEAVING INTU ONCE HIS SUCCESSOR IS APPOINTED.UNDER PROPOSED HAMMERSON DEAL, FISCHEL WAS EXPECTING TO STAND DOWN UPON DEAL COMPLETING; THAT TRANSACTION IS NO LONGER PROCEEDING.  Full Article

Hammerson Says ‍Klépierre Proposal "Very Significantly" Undervalues Hammerson​
Monday, 19 Mar 2018 04:52am EDT 

March 19 (Reuters) - Hammerson Plc ::STATEMENT RE ANNOUNCEMENT BY KLÉPIERRE S.A..‍STATEMENT RE ANNOUNCEMENT BY KLÉPIERRE S.A.​.‍REMAINS FULLY COMMITTED TO ACQUISITION OF INTU PROPERTIES PLC ANNOUNCED ON 6 DECEMBER 2017.‍CONFIRMS IT RECEIVED, REJECTED HIGHLY PRELIMINARY AND NON-BINDING PROPOSAL FROM KLÉPIERRE REGARDING POSSIBLE CASH, SHARE OFFER.HAMMERSON ‍BOARD STRONGLY ADVISES SHAREHOLDERS TO TAKE NO ACTION​.‍KLÉPIERRE PROPOSAL "VERY SIGNIFICANTLY" UNDERVALUES HAMMERSON​.  Full Article

Hammerson Says Reports Of Positive Feedback On Intu Deal Not Statement Of Support​
Tuesday, 27 Feb 2018 09:45am EST 

Feb 27 (Reuters) - Hammerson Plc ::HAMMERSON CLARIFICATION RE: PRESS REPORT.NOTES PRESS REPORTS REFERRING TO POSITIVE FEEDBACK IT HAS RECEIVED FROM ITS DISCUSSIONS WITH SHAREHOLDERS IN FOR INTU DEAL.‍HAMMERSON CLARIFIES THAT THIS POSITIVE FEEDBACK SHOULD NOT BE TREATED AS FORMAL STATEMENTS OF SUPPORT​.  Full Article

Intu Properties Posts NAV Per Share ‍Of 411​ Pence As At Dec. 31
Thursday, 22 Feb 2018 02:00am EST 

Feb 22 (Reuters) - Intu Properties Plc ::FY UNDERLYING EARNINGS ‍201​ MILLION STG VERSUS 200 MILLION STG YEAR AGO.AS AT DECEMBER 31, NAV PER SHARE ‍411​ PENCE VERSUS 404 PENCE YEAR AGO.FY NET RENTAL INCOME 460 MILLION STG VERSUS 447 MILLION STG YEAR AGO.FY PROPERTY REVAUATION SURPLUS 47 MILLION STG VERSUS DEFICIT OF 64 MILLION STG YEAR AGO.FY DIVIDEND PER SHARE 14 PENCE VERSUS 14 PENCE YEAR AGO.FY OCCUPANCY 96.1 PERCENT.  Full Article

British mall operator Intu names investment chief

May 9 Intu Properties Plc on Thursday named Corporate Development Director Dushyant Sangar as chief investment officer, as the shopping centre operator aims to trim debt.