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Melrose Industries PLC (MRON.L)

MRON.L on London Stock Exchange

182.74GBp
6:30pm IST
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-0.76 (-0.41%)
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183.50
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238.50
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Latest Key Developments (Source: Significant Developments)

Melrose Industries Says David Roper To Step Down
Thursday, 9 May 2019 

May 9 (Reuters) - Melrose Industries PLC ::MELROSE INDUSTRIES - TRADING STATEMENT.MELROSE INDUSTRIES PLC - CURRENT TRADING IN MELROSE IS IN LINE WITH BOARD'S EXPECTATIONS.MELROSE INDUSTRIES PLC - DAVID ROPER HAS DECIDED TO STEP DOWN AND TO RETIRE FROM GROUP ON 31 MAY 2020.  Full Article

Melrose CEO's 2018 Total Pay Cut To 1.05 Mln Pounds From 42.8 Mln Pounds
Friday, 5 Apr 2019 

April 5 (Reuters) - Melrose Industries Plc ::CEO SIMON PECKHAM 2018 TOTAL PAY 1.05 MILLION POUNDS VERSUS 42.8 MILLION POUNDS HE RECEIVED LAST YEAR.TOTAL EXECUTIVE DIRECTORS PAY IN 2018 WAS 3.1 MILLION POUNDS VERSUS 170 MILLION POUNDS LAST YEAR.MELROSE SAYS CONTINUED UNCERTAINTY AROUND TRADE & TARIFFS PARTICULARLY BETWEEN U.S. & CHINA, BREXIT IMPACTING GKN AUTOMOTIVE’S BUSINESS ENVIRONMENT.MELROSE SAYS OVERALL ECONOMIC SLOWDOWN, SLOWER GROWTH ENVIRONMENT IN CHINA, IS AFFECTING MARKET AND OVERALL BUSINESS SENTIMENT - ANNUAL REPORT.WHILE EFFECT OF BREXIT ON EUROPEAN ECONOMY UNCLEAR, RESULTING TARIFFS & CUSTOMS CLEARANCE NOT EXPECTED TO HAVE MATERIAL NEGATIVE EFFECTS ON CO.FINANCIAL RESULTS MAY BE IMPACTED BY "GENERAL LACK OF CONFIDENCE AND ECONOMIC INSTABILITY" ARISING FROM A DELAYED OR DISRUPTIVE EXIT FROM EU.WILL CONTINUE TO MONITOR BREXIT DEVELOPMENTS AND "ADJUST THE PLANS FOR ITS BUSINESSES ACCORDINGLY".  Full Article

Renewi Says Otto De Bont To Replace Peter Dilnot As CEO
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Renewi PLC ::PETER DILNOT, CHIEF EXECUTIVE OFFICER, HAS NOTIFIED BOARD OF HIS RESIGNATION.DILNOT WILL CONTINUE AS CHIEF EXECUTIVE OFFICER THROUGH REMAINDER OF CURRENT FINANCIAL YEAR.OTTO DE BONT, CURRENTLY MANAGING DIRECTOR, RENEWI NETHERLANDS (NL) COMMERCIAL DIVISION, TO SUCCEED DILNOT AS CEO IN APRIL 2019.DILNOT'S RESIGNATION IN ORDER TO TAKE UP ROLE OF COO OF MELROSE INDUSTRIES PLC.  Full Article

Melrose Says Trading In Line With Board's Expectations For 2018
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Melrose Industries PLC ::H1 PRETAX LOSS -303 MILLION STG.MELROSE IS TRADING IN LINE WITH BOARD'S EXPECTATIONS FOR 2018.GKN OFFERS AN OUTSTANDING OPPORTUNITY WHICH IS MEETING BOARD'S EXPECTATIONS; NO BLACK HOLES FOUND.HY PROFORMA REVENUE 6,203 MILLION STG.HY PROFORMA PROFIT BEFORE TAX 401 MILLION STG.MOVED QUICKLY UPON TAKING CONTROL TO DECENTRALISE GKN AND EMPOWER OPERATIONAL MANAGEMENT TEAMS IN ACCORDANCE WITH MELROSE MODEL."ALL GKN BUSINESSES ARE BEING MANAGED SUCCESSFULLY ON A STANDALONE BASIS"."PLANS HAVE BEEN AGREED AND ARE NOW BEING IMPLEMENTED" TO IMPROVE GKN.TARIFFS AND RAW MATERIAL INFLATION MAY CREATE SOME HEADWINDS.CONTINUE TO TRADE IN LINE WITH BOARD'S EXPECTATIONS FOR 2018.DECLARED AN INTERIM DIVIDEND OF 1.55 PENCE PER SHARE.  Full Article

SA's Competition Commission Conditionally Approves Melrose, GKN Deal
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - SA'S COMPETITION COMMISSION::APPROVED, WITH CONDITIONS, PROPOSED TRANSACTION WHEREBY MELROSE, INTENDS TO ACQUIRE GKN.  Full Article

Melrose Industries Says Looks To Compulsorily Acquire Remaining GKN Shares
Friday, 27 Apr 2018 

April 27 (Reuters) - Melrose Industries Plc ::COMPULSORY ACQUISITION OF REMAINING GKN SHARES.NOW ACQUIRED, UNCONDITIONALLY CONTRACTED TO ACQUIRE OR RECEIVED VALID ACCEPTANCES OF OFFER IN RESPECT OF MORE THAN 90 PERCENT OF VALUE OF GKN.EXPECTS THAT SUCH OUTSTANDING GKN SHARES WILL BE COMPULSORILY ACQUIRED BY MELROSE.AS AT 3.00 P.M. ON 26 APRIL 2018, MELROSE RECEIVED ACCEPTANCES OF OFFER IN RESPECT OF 1,561,321,133 GKN SHARES, REPRESENTING ABOUT 90.53 PERCENT.  Full Article

FMR Raises Stake In Melrose Industries To 9.8 Pct From 7.84 Pct - Filing
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Melrose Industries PLC ::FMR LLC RAISES STAKE IN MELROSE INDUSTRIES PLC TO 9.8 PCT FROM 7.84 PCT.  Full Article

‍Elliott Advisors Says To Support Melrose Offer​ For GKN
Friday, 23 Mar 2018 

March 23 (Reuters) - ‍ELLIOTT ADVISORS: :ANNOUNCES ITS INTENTION TO SUPPORT MELROSE OFFER​.CONFIRMS INTENT TO SUPPORT MELROSE OFFER AND ENCOURAGES OTHER GKN SHAREHOLDERS TO TENDER THEIR SHARES INTO OFFER​.‍SEPARATELY SENT A LETTER TO GKN BOARD, OUTLINING RATIONALE FOR SUPPORTING OFFER​.  Full Article

Melrose Comments on Article By Mergermarket Relating To GKN Offer
Friday, 23 Mar 2018 

March 23 (Reuters) - Melrose Industries PLC::NOTES ARTICLE PUBLISHED BY MERGERMARKET DATED 22ND MARCH 2018 RELATING TO ITS OFFER FOR GKN.CONFIRMS NO SPOKESPERSON AUTHORISED BY CO MADE COMMENTS IN RELATION TO CO BEING CONFIDENT IT WILL MEET MINIMUM THRESHOLD FOR SHAREHOLDER ACCEPTANCES.  Full Article

Melrose Says To Waive CFIUS, DSS Conditions To GKN Offer By April 17
Friday, 23 Mar 2018 

March 23 (Reuters) - Melrose Industries Plc ::WAIVER OF THE CFIUS AND DSS CLEARANCE CONDITIONS.CONTINUES TO HAVE DISCUSSIONS WITH CFIUS AND DSS IN U.S. IN RELATION TO OBTAINING CLEARANCE WITHIN EXPECTED TIMETABLE FOR FINAL OFFER FOR GKN.‍MELROSE CONFIRMS IT WILL WAIVE CFIUS AND DSS CONDITIONS TO ITS OFFER BY NO LATER THAN 17 APRIL 2018​.SAYS DETAILED DISCUSSIONS IN RESPECT OF POTENTIAL INTERIM MITIGATION MEASURES.‍DEADLINE FOR ACCEPTANCES OF FINAL OFFER IS 1.00 P.M. ON MARCH 29, 2018​.  Full Article

PRESS DIGEST- Financial Times - April 4

April 4 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.