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Shaftesbury PLC (SHB.L)

SHB.L on London Stock Exchange

543.00GBp
25 Nov 2020
Change (% chg)

1.00 (+0.18%)
Prev Close
542.00
Open
541.00
Day's High
544.50
Day's Low
536.50
Volume
5,290
Avg. Vol
529,042
52-wk High
947.49
52-wk Low
407.00

Latest Key Developments (Source: Significant Developments)

Shaftesbury raises 307 mln stg via share sale
Tuesday, 17 Nov 2020 

Nov 17 (Reuters) - Shaftesbury PLC ::RESULT OF OPEN OFFER AND OFFER FOR SUBSCRIPTION.COMPANY HAS RECEIVED VALID ACCEPTANCES FROM QUALIFYING SHAREHOLDERS UNDER THEIR BASIC OPEN OFFER ENTITLEMENTS IN RESPECT OF 33,300,683 NEW SHARES, REPRESENTING APPROXIMATELY 89.8% OF OPEN OFFER SHARES.CAPITAL RAISING REMAINS CONDITIONAL ON APPROVAL OF RESOLUTIONS BY SHAREHOLDERS AT COMPANY'S GENERAL MEETING TO BE HELD LATER TODAY.QUALIFYING SHAREHOLDERS WHO HAVE VALIDLY APPLIED FOR OPEN OFFER SHARES WILL RECEIVE THEIR FULL OPEN OFFER ENTITLEMENT..BASED ON VALID APPLICATIONS AND COMMITMENTS RECEIVED, GROSS PROCEEDS OF CAPITAL RAISING HAVE BEEN DETERMINED TO BE £307.0 MILLION, WHICH INCLUDES ALL OF ADDITIONAL £10.0 MILLION RAISED VIA OFFER FOR SUBSCRIPTION.  Full Article

Shaftesbury Intends To Raise About 297 Mln Stg
Thursday, 22 Oct 2020 

Oct 22 (Reuters) - Shaftesbury PLC ::PROPOSED FIRM PLACING, PLACING & OPEN OFFER & OFS.ISSUE OF UP TO 37,147,884 NEW SHARES THROUGH FIRM PLACING.INTENTION TO RAISE GROSS PROCEEDS OF APPROXIMATELY £297.0 MILLION BY WAY OF A FULLY UNDERWRITTEN FIRM PLACING AND PLACING AND OPEN OFFER.NEW SHARES WILL BE ISSUED AT AN ISSUE PRICE OF 400 PENCE PER NEW SHARE..BOARD INTENDS TO RESUME DIVIDEND PAYMENTS AS SOON AS IT CONSIDERS PRUDENT.  Full Article

Shaftesbury Says Collected 41% Of Rents Due For Six Months To September 30
Friday, 25 Sep 2020 

Sept 25 (Reuters) - Shaftesbury PLC ::SHAFTESBURY - WEST END HAS SEEN A GRADUAL RECOVERY IN FOOTFALL WITH RETURN OF LOCAL AND DOMESTIC LEISURE VISITORS AND ITS OFFICE-BASED WORKFORCE.SHAFTESBURY PLC - 41% OF RENTS DUE FOR SIX MONTHS TO 30 SEPTEMBER 2020 COLLECTED.SHAFTESBURY PLC - ENQUIRIES FOR COMMERCIAL SPACE CONTINUE BUT AT A CONSIDERABLY LOWER VOLUME THAN WE WOULD NORMALLY EXPECT AT THIS TIME OF YEAR..SHAFTESBURY PLC - BOARD HAS DECIDED NOT TO DECLARE A FINAL DIVIDEND IN RESPECT OF YEAR ENDING 30 SEPTEMBER 2020.SHAFTESBURY PLC - INTEREST COVER COVENANT WAIVERS FOR PERIODS OF NINE TO TWELVE MONTHS FROM APRIL 2020 COMPLETED.SHAFTESBURY PLC - CONSTRUCTIVE DISCUSSIONS NOW UNDERWAY TO EXTEND COVENANT DURATION.  Full Article

Shaftesbury Says HY Underlying Net Property Income Before Covid-19 Related Provisions Was Up 2.1%
Wednesday, 10 Jun 2020 

June 10 (Reuters) - Shaftesbury PLC ::SHAFTESBURY PLC - HY UNDERLYING NET PROPERTY INCOME(1), BEFORE COVID-19 RELATED PROVISIONS, UP 2.1% TO £49.6M (31.3.2019: £48.6M).SHAFTESBURY PLC - HY UNDERLYING EPRA EARNINGS(1): £28.7M, UP 5.1%.SHAFTESBURY PLC - HY EPRA NAV £8.78, DOWN 10.6%.SHAFTESBURY - GROWING IMPACT OF MEASURES TO ADDRESS PANDEMIC ARE HAVING A MATERIAL IMPACT ON NORMAL PATTERNS OF LIFE AND COMMERCE.SHAFTESBURY - HY UNDERLYING NET PROPERTY INCOME AFTER COVID-19 RELATED PROVISIONS: £46.2M..SHAFTESBURY PLC - DISCUSSIONS UNDERWAY WITH C. 800 COMMERCIAL TENANTS TO AGREE TAILORED SOLUTIONS ON RENTS AND SERVICE CHARGES..SHAFTESBURY PLC - AIM TO COLLECT C. 50% OF RENTS DUE FROM APRIL TO SEPTEMBER 2020 OVER TIME..SHAFTESBURY PLC - MOVING PERMANENTLY TO MONTHLY RENTS IN ADVANCE FOR ALL COMMERCIAL TENANTS FROM OCTOBER 2020..SHAFTESBURY PLC - LEASING ACTIVITY EXPECTED TO INCREASE AS CONFIDENCE RETURNS..  Full Article

Capital & Counties To Acquire 26.3% Shareholding In Shaftesbury
Monday, 1 Jun 2020 

June 1 (Reuters) - Capital & Counties Properties PLC ::CAPITAL & COUNTIES - ACQUISITION OF SIGNIFICANT STAKE - SHAFTESBURY PLC.CAPITAL & COUNTIES PROPERTIES - TO ACQUIRE 26.3% SHAREHOLDING IN SHAFTESBURY ACROSS TWO TRANCHES FOR TOTAL CONSIDERATION OF £436 MILLION.CAPITAL & COUNTIES PROPERTIES PLC - PROPOSED DEAL AT A PRICE OF 540 PENCE PER SHAFTESBURY SHARE.CAPITAL & COUNTIES PROPERTIES - ACQUISITION OF 64.4 MILLION SHARES IN CASH IS EXPECTED TO COMPLETE ON 3 JUNE 2020..CAPITAL & COUNTIES PROPERTIES PLC - ROTHSCHILD & CO IS ACTING AS LEAD FINANCIAL ADVISER AND SPONSOR TO CAPCO ON TRANSACTION..CAPITAL & COUNTIES PROPERTIES PLC - BOFA SECURITIES IS ACTING AS FINANCIAL ADVISER AND CORPORATE BROKER TO CAPCO ON TRANSACTION..CAPITAL & COUNTIES PROPERTIES PLC - INVESTMENT RESULTS IN AN LTV OF 30%, WITH £525 MILLION OF CASH AND UNDRAWN COMMITTED FACILITIES.CAPITAL & COUNTIES PROPERTIES - DECIDED NOT TO COMPLETE RETURN OF £100 MILLION TO SHAREHOLDERS THROUGH SHARE BUYBACK PROGRAMME ANNOUNCED EARLIER THIS YEAR.  Full Article

Capital & Counties Properties Says In Talks On Potential Acquisition Of A Stake In Shaftesbury
Friday, 29 May 2020 

May 29 (Reuters) - Capital & Counties Properties PLC ::JSE: CCO - STATEMENT REGARDING PRESS SPECULATION.CAPITAL & COUNTIES PROPERTIES PLC - CONFIRMS THAT IT IS IN DISCUSSIONS REGARDING POTENTIAL ACQUISITION OF A 26.3 PER CENT SHAREHOLDING IN SHAFTESBURY.CAPITAL & COUNTIES PROPERTIES- CONFIRMS IT IS IN DISCUSSIONS REGARDING POTENTIAL ACQUISITION OF A 26.3 PER CENT SHAREHOLDING IN SHAFTESBURY.  Full Article

Capco Confirms That It Is In Talks On Potential Acquisition Of 26.3% Shareholding In Shaftesbury
Thursday, 28 May 2020 

May 28 (Reuters) - Capital & Counties Properties PLC ::CAPITAL & COUNTIES - STATEMENT REGARDING PRESS SPECULATION.CAPITAL & COUNTIES PROPERTIES PLC - CONFIRMS THAT IT IS IN DISCUSSIONS REGARDING POTENTIAL ACQUISITION OF A 26.3 PER CENT SHAREHOLDING IN SHAFTESBURY.  Full Article

Shaftesbury Sees FY EPRA Earnings Significantly Below Current Market Expectations
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Shaftesbury PLC ::SHAFTESBURY PLC - COVID-19 UPDATE.SHAFTESBURY PLC - FULL YEAR EPRA EARNINGS (YEAR ENDING 30 SEPTEMBER 2020) ARE NOW EXPECTED TO BE SIGNIFICANTLY BELOW CURRENT MARKET EXPECTATIONS.SHAFTESBURY PLC - £150 MILLION HAS BEEN DRAWN AGAINST OUR COMMITTED REVOLVING CREDIT FACILITIES AS PART OF A PRUDENT APPROACH TO CASH MANAGEMENT.SHAFTESBURY PLC - NO INTERIM DIVIDEND WILL BE DECLARED.SHAFTESBURY PLC - £150 MILLION HAS BEEN DRAWN AGAINST OUR COMMITTED REVOLVING CREDIT FACILITIES.SHAFTESBURY PLC - 31 MARCH 2020 VALUATION LIKELY TO INCLUDE A STATEMENT FROM INDEPENDENT VALUERS HIGHLIGHTING MATERIAL UNCERTAINTY.SHAFTESBURY PLC - FOR NOW, FINANCIAL COVENANTS IN OUR DEBT ARRANGEMENTS ARE CURRENTLY WELL-COVERED.SHAFTESBURY PLC - DIVIDEND POSITION FOR FULL YEAR WILL BE KEPT UNDER REVIEW.SHAFTESBURY - SUPPORTING CO'S COMMERCIAL OCCUPIERS WITH SOLUTIONS, INCLUDING RENT DEFERRAL.  Full Article

Shaftesbury Plc Posts FY Profit After Tax 26 Mln STG
Tuesday, 26 Nov 2019 

Nov 26 (Reuters) - Shaftesbury PLC ::SHAFTESBURY 2019 FULL YEAR RESULTS.FY PROFIT AFTER TAX 26 MILLION STG VERSUS 175.5 MILLION STG YEAR AGO.FY NET PROPERTY INCOME UP 4.5% TO £98.0M (2018: £93.8M).FINAL DIVIDEND: 9.0P PER SHARE.  Full Article

UPDATE 1-Britain's Shaftesbury seeks to collect 50% of rents due from April-Sept

June 10 Shaftesbury said on Wednesday it would aim to collect 50% of rents due for the months between April and September and permanently move commercial tenants on to monthly rents from October as part of moves to reset leases hit by the coronavirus crisis.