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Shaftesbury PLC (SHB.L)

SHB.L on London Stock Exchange

991.00GBp
22 Nov 2017
Change (% chg)

-2.00 (-0.20%)
Prev Close
993.00
Open
990.00
Day's High
996.00
Day's Low
990.00
Volume
315,486
Avg. Vol
458,145
52-wk High
1,036.00
52-wk Low
861.00

Latest Key Developments (Source: Significant Developments)

Shaftesbury ‍cancels remaining 125 mln pounds of legacy interest rate swaps ​
Monday, 25 Sep 2017 02:00am EDT 

Sept 25 (Reuters) - SHAFTESBURY PLC ::‍CANCELED ITS REMAINING £125 MLN OF LEGACY INTEREST RATE SWAPS AT A COST OF £57.9 MILLION, EQUIVALENT TO A REDUCTION IN EPRA NAV OF 21 PENCE PER SHARE​.CO NOW HAVE CIRCA. £305 MLN OF RESOURCES AVAILABLE TO INVEST FURTHER IN OUR PORTFOLIO​.‍BLENDED COST OF DEBT HAS REDUCED, ON A PRO-FORMA BASIS, BY 40 BASIS POINTS TO 3.3%​.‍MARGINAL COST OF FUTURE BORROWING IS 1.1% SO, ON A FULLY DRAWN BASIS, OUR WEIGHTED AVERAGE COST OF DEBT WOULD FALL TO 2.8%​.‍WEST END HAS BEEN BUSY THROUGHOUT SUMMER, WITH A NOTABLE INCREASE IN OVERSEAS VISITORS​.‍DEMAND FOR SMALLER ACCOMMODATION WE TRADITIONALLY OFFER IS GOOD​.  Full Article

Shaftesbury says ‍to acquire long-leasehold interest in 90-104 Berwick Street​
Monday, 21 Aug 2017 02:00am EDT 

Aug 21 (Reuters) - SHAFTESBURY PLC ::SAYS ‍TO ACQUIRE A LONG-LEASEHOLD INTEREST IN 90-104 BERWICK STREET, SOHO, LONDON W1 AT A PRICE OF 38.5 MLN STG.  Full Article

Shaftesbury says issued 285 mln stg of bonds through unit
Friday, 7 Oct 2016 09:21am EDT 

Shaftesbury Plc :Confirmation of issue of 285 mln stg 2.487 pct guaranteed first mortgage bonds due 2031.  Full Article

Great Portland says Jonathan Nicholls to become Shaftesbury chairman
Wednesday, 25 May 2016 02:01am EDT 

Great Portland Estates Plc : Jonathan Nicholls will retire from board at 2016 annual general meeting on 7 July 2016 to become chairman of Shaftesbury Plc in Autumn 2016 . Charles Philipps will serve as acting senior independent director and acting chairman of audit committee from 7 July 2016 .Search for Nicholls replacement is underway.  Full Article

Shaftesbury says H1 net property income up 8.8 pct
Wednesday, 25 May 2016 02:00am EDT 

Shaftesbury Plc : Strong growth in net property income, EPRA earnings, dividend and nav . Net property income 1 up £3.4 million (8.8%) to £42.1 million (six months ended 31.3.2015: £38.7 million) . EPRA earnings increased by 12.8% to £20.2 million (six months ended 31.3.2015: £17.9 million). Epra earnings per share increased by 14.1% to 7.3p (six months ended 31.3.2015: 6.4p) . EPRA NAV: £8.93 per share. Increase of 24 pence (2.8%) over six months, after a reduction of 10 pence per share as a result of increase in sdlt announced in march 2016 budget . Commercial lettings, lease renewals and rent reviews 1 (rental value: £10.8 million) concluded at an average 6.5% above 30 september 2015 erv and 12.3% above erv at 31 march 2015 .Interim dividend up 4.8 percent to 7.15 penceper share.  Full Article

BRIEF-Shaftesbury ‍cancels remaining 125 mln pounds of legacy interest rate swaps ​

* ‍CANCELED ITS REMAINING £125 MLN OF LEGACY INTEREST RATE SWAPS AT A COST OF £57.9 MILLION, EQUIVALENT TO A REDUCTION IN EPRA NAV OF 21 PENCE PER SHARE​