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SIG PLC (SHI.L)

SHI.L on London Stock Exchange

32.86GBp
14 Aug 2020
Change (% chg)

-0.44 (-1.32%)
Prev Close
33.30
Open
32.62
Day's High
32.86
Day's Low
31.72
Volume
2,103,323
Avg. Vol
8,827,140
52-wk High
134.32
52-wk Low
14.38

Latest Key Developments (Source: Significant Developments)

SIG Says Proposed Capital Issue Comprises Investment From CD&R Sunshine S.À R.L
Thursday, 9 Jul 2020 

July 9 (Reuters) - SIG PLC ::RESULTS OF OPEN OFFER.PROPOSED CAPITAL ISSUE COMPRISES INVESTMENT FROM CD&R SUNSHINE S.À R.L OF £60 MILLION AND A FIRM PLACING AND PLACING AND OPEN OFFER OF £105 MILLION.  Full Article

SIG Says Capital Raise Will Raise Gross Proceeds Of £165 Mln
Friday, 19 Jun 2020 

June 19 (Reuters) - SIG PLC ::SIG PLC - CAPITAL RAISE WILL RAISE GROSS PROCEEDS OF £165 MILLION.SIG PLC - FIRM PLACEES HAVE AGREED TO SUBSCRIBE FOR 200 MILLION FIRM PLACED SHARES AT ISSUE PRICE.SIG PLC - OPEN OFFER SHARE AT 30 PENCE FOR EVERY 4 EXISTING ORDINARY SHARES.  Full Article

SIG Plc Appoints Ian Ashton As Group Financial Officer
Friday, 29 May 2020 

May 29 (Reuters) - SIG PLC ::SIG PLC - APPOINTMENT OF CFO AND NON-EXECUTIVE DIRECTOR.SIG PLC - APPOINTS IAN ASHTON AS PERMANENT GROUP FINANCIAL OFFICER.SIG PLC - APPOINTS SIMON KING AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 JULY 2020..SIG PLC - ASHTON REPLACES KATH KEARNEY-CROFT.  Full Article

SIG Plc Plans To Raise £150 Mln With Clayton Dubilier & Rice
Friday, 29 May 2020 

May 29 (Reuters) - SIG PLC ::SIG PLC - TAKEN DECISIVE ACTIONS TO ADDRESS 2019 PERFORMANCE.SIG PLC - INTENTION TO RAISE APPROXIMATELY £150M IN NEW EQUITY IN COMING WEEKS.SIG PLC - PROPOSED EQUITY RAISE OF £150M WITH CLAYTON, DUBILIER & RICE INVESTMENT.SIG PLC - CD&R HAS AGREED TO INVEST UP TO £85M.SIG PLC - IKO, LARGEST SHAREHOLDER, HAS CONFIRMED THAT IT IS FULLY SUPPORTIVE OF COMPANY'S NEW STRATEGY AND EQUITY RAISE.SIG PLC - FY STATUTORY LOSS BEFORE TAX FROM CONTINUING OPERATIONS OF £112.7M (2018: PROFIT BEFORE TAX OF £10.3M).SIG PLC - CD&R HAS AGREED TO INVEST UP TO £85M, WITH A GUARANTEED MINIMUM OF £72.5M, CONDITIONAL ON C.£150M OF EQUITY BEING RAISED.SIG PLC - FY UNDERLYING REVENUE DECLINE OF 9.0%.SIG PLC - CD&R IS EXPECTED TO HOLD APPROXIMATELY 25% OF TOTAL ENLARGED ISSUED SHARE CAPITAL.SIG PLC - CD&R WILL TAKE TWO SEATS ON BOARD OF SIG.SIG PLC - IKO CONFIRMED THAT IT IS FULLY SUPPORTIVE OF COMPANY'S NEW STRATEGY AND EQUITY RAISE.SIG PLC - GROUP REVENUES FELL £138.9M DURING MARCH AND APRIL FROM PRIOR YEAR, A DECLINE OF 37%.SIG PLC - BOARD HAS TAKEN DECISION TO NOT DECLARE A FULL YEAR DIVIDEND.SIG PLC - "2019 RESULTS, ALBEIT IN LINE WITH JANUARY GUIDANCE, ARE DISAPPOINTING".SIG PLC - GROUP HAD RE-OPENED OVER 80% OF UK AND IRELAND SITES BY MIDDLE OF MAY.SIG PLC - FURLOUGHING OF EMPLOYEES, WITH OTHER WAGE SAVING INITIATIVES, ENABLED GROUP TO RETAIN INCREMENTAL C.£8M OF CASH IN PERIOD TO MAY.  Full Article

UK's CMA Says Kingspan Abandons Building Solutions Deal During Probe
Thursday, 21 May 2020 

May 21 (Reuters) - UK's Competition and Markets Authority (CMA): :UK'S CMA - KINGSPAN HAS ABANDONED ITS PROPOSED DEAL WITH BUILDING SOLUTIONS DURING AN IN-DEPTH CMA PROBE.UK'S CMA - WILL BE CANCELLING PHASE 2 MERGER INVESTIGATION INTO KINGSPAN & BUILDING SOLUTIONS DEAL.  Full Article

SIG Says No Change To Guidance For Underlying Profit Before Tax For Year
Thursday, 30 Apr 2020 

April 30 (Reuters) - SIG PLC ::NO CHANGE TO GUIDANCE FOR UNDERLYING PROFIT BEFORE TAX FOR YEAR ENDED 31 DEC 2019 OF C.£42 MILLION.IN LAST WEEK, GROUP COMMENCED RE-OPENING SELECTED SITES ACROSS DISTRIBUTION & ROOFING BUSINESSES.GROUP PLANNING FOR MAJORITY OF SITES TO BE OPEN BY MID-MAY.  Full Article

UK's CMA Refers Phase 2 Investigation Of Proposed Disposal Of Building Solutions To Kingspan Group​
Tuesday, 7 Apr 2020 

April 7 (Reuters) - SIG PLC ::UK'S CMA - FOUND THAT KINGSPAN’S ANTICIPATED PURCHASE OF BUILDING SOLUTIONS RAISES COMPETITION CONCERNS IN THE SUPPLY OF SPECIALIST INSULATION PANELS..UK'S CMA - PHASE 1 INVESTIGATION FOUND THAT KINGSPAN, BUILDING SOLUTIONS DEAL COULD LEAVE COS' CUSTOMERS WITH FEW ALTERNATIVE SUPPLIERS TO CHOOSE FROM.  Full Article

SIG Notes CMA's Phase 2 Investigation Referral Of Proposed Sale Of Building Solutions
Tuesday, 7 Apr 2020 

April 7 (Reuters) - SIG PLC ::UPDATE RE BUILDING SOLUTIONS DISPOSAL.REFERRAL FOR PHASE 2 INVESTIGATION OF PROPOSED DISPOSAL OF BUILDING SOLUTIONS TO KINGSPAN GROUP.SIG NOTES THAT CMA HAS ANNOUNCED THAT IT HAS REFERRED PROPOSED DISPOSAL OF BUILDING SOLUTIONS TO KINGSPAN GROUP FOR PHASE 2 INVESTIGATION.  Full Article

SIG Says Temporary Closure Of UK And Ireland Trading Sites
Monday, 30 Mar 2020 

March 30 (Reuters) - SIG PLC ::SIG PLC - TEMPORARY CLOSURE OF UK AND IRELAND TRADING SITES.SIG PLC - TEMPORARY CLOSURE OF UK AND IRELAND TRADING SITES AND FURTHER COST SAVING MEASURES.SIG PLC - DEEMED APPROPRIATE FOR ALL MEMBERS OF BOARD TO TAKE A 50% CUT IN PAY AT THIS TIME, FROM 1 APRIL 2020.SIG PLC - FOR YEAR ENDED 31 DECEMBER 2019 ANTICIPATED UNDERLYING PROFIT BEFORE TAX FOR YEAR WILL BE IN LINE WITH GUIDANCE OF C.£42 MILLION.  Full Article

SIG Sees FY Profit Before Tax In Line With Guidance, Suspends Dividend
Thursday, 26 Mar 2020 

March 26 (Reuters) - SIG PLC ::SIG PLC - TRADING UPDATE.SIG PLC - FY ANTICIPATED THAT UNDERLYING PROFIT BEFORE TAX FOR YEAR WILL BE IN LINE WITH GUIDANCE OF C.£42 MILLION.SIG PLC - GROUP HAS POSTED AN OPERATING LOSS OF C£9M FOR FIRST TWO SLOWER TRADING MONTHS OF YEAR WITH LIKE-FOR-LIKE SALES DOWN C.11%.SIG PLC - TAKEN DECISION NOT TO DECLARE A FULL YEAR DIVIDEND.SIG PLC - HAS CASH RESOURCES OF C.£135M.SIG PLC - IS IN DIALOGUE WITH ITS LENDING GROUP IN ORDER TO RELEASE ADDITIONAL LIQUIDITY AS REQUIRED.SIG PLC - NOT POSSIBLE TO PROVIDE EARNINGS GUIDANCE FOR CURRENT FINANCIAL YEAR.SIG PLC - WILL ALSO SEEK TO MAKE USE OF TAX RELIEF AND OTHER GOVERNMENT MEASURES AS THEY BECOME AVAILABLE.SIG PLC - PROCESS TO COMPLETE SALE OF BUILDING SOLUTIONS BUSINESS IS ONGOING, SEES COMPLETION IN Q3 2020 IF CMA DOES NOT INVESTIGATE DEAL FURTHER.  Full Article

UPDATE 2-UK stocks end lower on Sino-U.S. tensions, but mark monthly gains

* FTSE 100, FTSE 250 gain for the month (Adds details, updates to close)