Edition:
India

Informa PLC (INF.L)

INF.L on London Stock Exchange

374.50GBp
5:26pm IST
Change (% chg)

-2.80 (-0.74%)
Prev Close
377.30
Open
378.00
Day's High
378.90
Day's Low
372.40
Volume
454,456
Avg. Vol
3,513,822
52-wk High
875.40
52-wk Low
326.70

Latest Key Developments (Source: Significant Developments)

Informa Says H1 Adj Oper Profit Falls To 118.6 Mln Stg From 435.7 Mln Stg
Monday, 21 Sep 2020 

Sept 20 (Reuters) - Informa Plc ::H1 ADJUSTED OPERATING PROFIT 118.6 MILLION STG VERSUS 435.7 MILLION STG YEAR AGO.H1 OPERATING LOSS -739.9 MILLION STG VERSUS 248.3 MILLION STG PROFIT YEAR AGO.H1 REVENUE 814.4 MILLION STG VERSUS 1.408 BILLION STG YEAR AGO.H1 ADJUSTED DILUTED EPS FELL 78.4 PERCENT TO 5 PENCE.INFORMA - COVID-19 ACTION PLAN TO SUPPORT COLLEAGUES, STABILISE BUSINESS AND SECURE BASELINE FULL-YEAR REVENUES OF C.£1.7BN/£1.7BN.INFORMA - EXTENDING POSTPONEMENT PROGRAMME TO MID/LATE SPRING 2021.INFORMA - EXPANSION OF COST MANAGEMENT PROGRAMME TO DELIVER MORE THAN £600M+ OF SAVINGS BY YEAR-END.INFORMA - CHAIRMAN SUCCESSION PROCESS, WHICH WAS PREVIOUSLY WELL PROGRESSED, HAS RESUMED WITH AIM OF CONCLUDING BY YEAR-END.INFORMA - CASH MANAGEMENT WILL SECURE POSITIVE MONTHLY CASHFLOW POSITION BY JANUARY 2021.INFORMA - CURRENT LIQUIDITY OF £2.8BN AND AVERAGE DEBT MATURITY OF 5.4 YEARS.INFORMA - INTENTION TO RENEGOTIATE OR REPAY US PRIVATE PLACEMENT NOTES, REMOVING POINT COVENANT, AMONG OTHERS.INFORMA - £1BN+ OF BUDGETED PHYSICAL EVENTS REVENUE BEING CANCELLED THIS YEAR AND MORE THAN £450M SINCE JUNE.INFORMA - EVENTS BUSINESS IN MAINLAND CHINA IS NOW BACK TO OPERATING CAPABILITY.  Full Article

Informa Says 35.13% Votes Cast Against Resolution To Approve Directors' Remuneration Policy
Friday, 12 Jun 2020 

June 12 (Reuters) - Informa PLC ::INFORMA - 35.13% VOTES CAST AGAINST RESOLUTION TO APPROVE DIRECTORS' REMUNERATION POLICY.  Full Article

Informa Says Placing And Subscription Will Raise Gross Proceeds Of About £1,001 Mln
Thursday, 16 Apr 2020 

April 16 (Reuters) - Informa PLC ::INFORMA PLC - RESULTS OF PLACING.INFORMA - ANNOUNCES SUCCESSFUL PRICING OF NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES OF 0.1 PENCE EACH IN CAPITAL OF CO.INFORMA - TOGETHER, PLACING AND SUBSCRIPTION OF 250.3 MILLION NEW ORDINARY SHARES WILL RAISE GROSS PROCEEDS OF ABOUT £1,001 MILLION.  Full Article

Block Trade - Informa ABB: Bookrunner Says Price Guidance 390-400P Per Share
Thursday, 16 Apr 2020 

April 16 (Reuters) - Informa ABB: Bookrunner Says::PRICE GUIDANCE 390-400P PER SHARE, BOOKS WELL COVERED UP TO & INCLUDING SPOT PRICE.BOOKS WILL CLOSE AT 12:00 UK.  Full Article

Informa to raise cash via share issue
Thursday, 16 Apr 2020 

April 16 (Reuters) - Informa PLC ::INFORMA ANNOUNCES ITS INTENTION TO CONDUCT A NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES.TOTAL NUMBER OF PLACING SHARES AND SUBSCRIPTION SHARES WILL NOT EXCEED 250,318,000 ORDINARY SHARES, REPRESENTING APPROXIMATELY 19.99% OF COMPANY'S EXISTING ISSUED SHARE CAPITAL.PLACING WILL BE CONDUCTED THROUGH AN ACCELERATED BOOKBUILDING PROCESS.NET PROCEEDS OF PLACING WILL BE USED TO STRENGTHEN GROUP'S BALANCE SHEET, REDUCE OVERALL DEBT AND LOWER LEVERAGE.PLACING WILL INCREASE INFORMA'S TOTAL LIQUIDITY TO MORE THAN £2.3BN.  Full Article

Informa Says Constructive Talks Underway With US Private Placement Debt Holders
Thursday, 16 Apr 2020 

April 16 (Reuters) - Informa Plc ::FURTHER COST-REDUCTIONS, TEMPORARY SUSPENSION OF DIVIDENDS, DISCUSSIONS ON A DEBT COVENANT WAIVER AND ISSUE OF ADDITIONAL NEW EQUITY.ENHANCED MEASURES DELIVERING £130M+ DIRECT/INDIRECT SAVINGS INCLUDING REMOVAL OF ALL DISCRETIONARY COSTS.EXTENSION OF POSTPONEMENT PROGRAMME, WITH £460M+ OF REVENUE RESCHEDULED TO Q3/Q4 2020 AND LESS THAN 10% OF EVENTS REVENUE CANCELLED TO DATE.IMPACT ON EVENTS-RELATED BUSINESSES (C65% OF REVENUE) HAS INTENSIFIED SIGNIFICANTLY SINCE INITIAL DISRUPTION EARLY IN Q1 IN MAINLAND CHINA.SCALE AND BREADTH OF COVID-19 PANDEMIC HAS SIGNIFICANTLY EXCEEDED INITIAL PREDICTIONS.NO EVENTS OF ANY SCALE SCHEDULED TO TAKE PLACE IN APRIL.REDUCED LEVEL OF ACTIVITY IS NOW EXPECTED TO STRETCH THROUGH Q2 AND MUCH OF Q3.TEMPORARY SUSPENSION OF DIVIDEND PAYMENTS, INCLUDING WITHDRAWAL OF 2019 FINAL DIVIDEND.CONSTRUCTIVE DISCUSSIONS UNDERWAY WITH US PRIVATE PLACEMENT DEBT HOLDERS, A PROCESS ALIGNED WITH AND ENHANCED BY TODAY'S OTHER MEASURES.COMPLETED ITS APPLICATION FOR ELIGIBILITY TO ISSUE COMMERCIAL PAPER UNDER BANK OF ENGLAND'S COVID CORPORATE.LAUNCHING PROPOSED PLACING OF UP TO 19.9% OF NEW EQUITY,.NET PROCEEDS OF PLACING WILL BE USED TO STRENGTHEN GROUP'S BALANCE SHEET.  Full Article

Informa Says Co Rescheduling Around 45 Large Event Brands To Later In 2020 Due To Coronavirus
Tuesday, 10 Mar 2020 

March 10 (Reuters) - Informa PLC ::FACING A 2020 IMPACT FROM COVID-19 IN OUR EVENTS-RELATED BUSINESSES.SHIFTING EVENTS CALENDAR TO LATER DATES IN 2020.FY REVENUE 2,890.3 MILLION STG VERSUS 2,369.5 MILLION STG."WE ARE NOT PROVIDING MARKET GUIDANCE FOR INFORMA GROUP IN 2020".FY STATUTORY OPERATING PROFIT 538.1 MILLION STG VERSUS 363.2 MILLION STG.FY ADJUSTED OPERATING PROFIT GROWTH +27.5% REPORTED GROWTH AND +6.5% UNDERLYING.NEW CHAIR IS EXPECTED TO BE IN PLACE BY END OF 2020.AS OF 10 MARCH, AGREED OR ARE IN PROCESS OF AGREEING RESCHEDULING OF AROUND 45 LARGE EVENT BRANDS TO LATER IN 2020.DEPLOY A MATERIAL POSTPONEMENT PROGRAMME, SHIFTING EVENTS CALENDAR TO LATER DATES IN 2020.AS IMPLICATIONS OF COVID-19 STARTED TO BECOME APPARENT IN LATE JAN, CO MOVED QUICKLY TO IMPLEMENT ITS COVID-19 ACTION PLAN.PROPOSED A FINAL DIVIDEND OF 15.95P PER SHARE.THE 45 LARGE EVENT BRANDS REPRESENT BUDGETED REVENUE OF AROUND £350M.AROUND 70 SMALLER BRANDS ALSO BEEN RE-SCHEDULED WITH REVENUE OF AROUND £50M.COVID-19 ACTION PLAN INCLUDED LAUNCH OF A POSTPONEMENT PROGRAMME TO RE-SCHEDULE.ALSO RE-PHASED(BIENNIALS)/CANCELLED 13 BRANDS IN 2020, WITH BUDGETED REVENUE OF £25M..FOR RESCHEDULED, LOCALISED OR VIRTUALISED IN 2020, EXPECT TO INCUR SOME INCREMENTAL INVESTMENT, OTHER DUPLICATIVE COSTS.IN 2020 ALL THREE EVENTS BUSINESSES WILL SEE AN IMPACT FROM COVID-19..  Full Article

Informa Adds F1000 Research To Taylor & Francis
Friday, 10 Jan 2020 

Jan 10 (Reuters) - Informa PLC ::INFORMA - FURTHER INVESTMENT IN DEVELOPING ITS OPEN ACCESS ("OA") PUBLISHING CAPABILITIES THROUGH ADDITION OF F1000 RESEARCH LTD. BY TAYLOR & FRANCIS.  Full Article

Informa Starts Process To Identify Successor For Chairman Derek Mapp
Tuesday, 7 Jan 2020 

Jan 7 (Reuters) - Informa PLC ::BOARD UPDATE.STARTED A PROCESS TO IDENTIFY A SUCCESSOR FOR ITS CURRENT CHAIRMAN, DEREK MAPP.HAS STARTED A PROCESS TO IDENTIFY A SUCCESSOR FOR ITS CURRENT CHAIRMAN, DEREK MAPP.NEW CHAIRMAN IS EXPECTED TO BE IN PLACE BY END OF 2020.SUCCESSION PROCESS IS BEING LED BY GROUP'S SENIOR INDEPENDENT DIRECTOR, ON BEHALF OF NOMINATIONS COMMITTEE.  Full Article

Newton Investment Management Discloses 5.12% Stake In Informa
Wednesday, 18 Dec 2019 

Dec 18 (Reuters) - Informa PLC ::NEWTON INVESTMENT MANAGEMENT LIMITED DISCLOSES A 5.12% STAKE IN INFORMA PLC AS OF DEC.13 - FILING.  Full Article

UPDATE 2-Events firm Informa deepens cost cuts as pandemic drives loss

* Sees FY revenue of about 1.7 bln stg (Adds CEO comments, background)