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St. Modwen Properties PLC (SMP.L)

SMP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

St. Modwen Properties Names Danuta Gray As Chair Designate
Monday, 17 Sep 2018 02:01am EDT 

Sept 17 (Reuters) - St. Modwen Properties Plc ::APPOINTMENT OF DANUTA GRAY AS A NON-EXECUTIVE DIRECTOR AND CHAIR DESIGNATE WITH EFFECT FROM OCTOBER 1, 2018.  Full Article

St. Modwen Properties Says FY Expectations Unchanged
Tuesday, 5 Jun 2018 02:00am EDT 

June 5 (Reuters) - St. Modwen Properties PLC ::GOOD START TO 2018 AND EXPECTATIONS FOR FULL YEAR PERFORMANCE ARE UNCHANGED.OUTLOOK FOR TWO KEY SECTORS, INDUSTRIAL/LOGISTICS AND REGIONAL HOUSEBUILDING, REMAINS POSITIVE.  Full Article

St. Modwen Properties Says Sale Of 27 Pct Of Retail Portfolio
Wednesday, 9 May 2018 02:01am EDT 

May 9 (Reuters) - St. Modwen Properties PLC ::ST. MODWEN AGREES SALE OF 27% OF RETAIL PORTFOLIO.AGREED DISPOSAL OF TWO RETAIL ASSETS IN LONGBRIDGE, BIRMINGHAM AND WEMBLEY, LONDON VIA TWO SEPARATE TRANSACTIONS.COMBINED CONSIDERATION MARKS A 4% DISCOUNT TO LATEST BOOK VALUE OF ASSETS..  Full Article

St Modwen Properties Says ‍Non-Exe Chairman Plans To Step
Tuesday, 6 Feb 2018 02:00am EST 

Feb 6 (Reuters) - St. Modwen Properties Plc ::NON-EXECUTIVE CHAIRMAN, HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AT CO'S ANNUAL GENERAL MEETING IN MARCH 2019​.‍SEARCH FOR NEW CHAIR WILL COMMENCE SHORTLY WITH INTENTION THAT BILL'S SUCCESSOR BE APPOINTED LATER IN 2018​.  Full Article

St. Modwen Properties sees ‍full year results in line with expectations​
Thursday, 7 Dec 2017 02:00am EST 

Dec 7 (Reuters) - ST. MODWEN PROPERTIES PLC ::‍FULL YEAR RESULTS WILL BE IN LINE WITH EXPECTATIONS​.  Full Article

St. Modwen says HY EPRA NAV per share up 1.7 pct
Tuesday, 4 Jul 2017 02:00am EDT 

July 4 (Reuters) - St. Modwen Properties Plc :Interim dividend up 4.1 percent to 2.02 pence per share.Business continued its resilient performance across first six months of year, despite an uncertain market environment- CEO.HY EPRA NAV per share up 1.7 pct to 468.4 pence (Nov. 2016: 460.5 pence) and NAV per share up 2.0 pct to 439.6 pence from 431.0 pence.Total accounting return for six months of 2.6 pct (2016: 1.8 pct).HY profit before all tax of 29.3 mln stg (2016: 30.0 mln stg).Interim dividend increased by 4.1 pct to 2.02 pence per share (2016: 1.94 pence per share).Resilient commercial performance with approximately 400,000 sq ft of commercial space delivered in first half.Strong residential performance with operating profits of 13.4 mln stg (2016: 12.9 mln stg).Review of strategy and portfolio now complete and highlighting significant potential within business and portfolio.Upon completion, sale of nine elms square releases significant capital to pursue strategic opportunities.  Full Article

St. Modwen updates on sale of New Covent Garden Market
Wednesday, 15 Mar 2017 05:52am EDT 

St. Modwen Properties Plc : Re press speculation/ New Covent Garden Market sale process update . A period of exclusivity which was recently granted to a prospective purchaser has now expired .Prime riverside site in central london has received high levels of interest, sale process with other prospective purchasers continues.  Full Article

St Modwen says receives interest in its Nine Elms Square site
Monday, 5 Dec 2016 02:00am EST 

St. Modwen Properties Plc : Resilient performance supports prospects for continued growth in net asset value . Board expects performance for second half of financial year to be broadly in line with that reported for first half. . Previously indicated that during 2016 we would be bringing 10-acre nine elms square site to market. .WHilst we are still at an early stage and there can be no guarantee that any transaction will take place, we can confirm that we have received firm levels of interest from a number of parties.  Full Article