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DS Smith PLC (SMDS.L)

SMDS.L on London Stock Exchange

371.80GBp
21 Nov 2019
Change (% chg)

-6.90 (-1.82%)
Prev Close
378.70
Open
375.20
Day's High
375.60
Day's Low
370.40
Volume
3,479,451
Avg. Vol
4,508,208
52-wk High
390.00
52-wk Low
285.83

Latest Key Developments (Source: Significant Developments)

DS Smith Sees Unchanged HY Financial Performance
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - DS Smith PLC ::DS SMITH - EXPECTATIONS FOR OVERALL FINANCIAL PERFORMANCE FOR HY REMAINING UNCHANGED.DS SMITH PLC - ANTICIPATE GOOD MARGIN PROGRESSION IN HY, CONSISTENT WITH UPGRADED TARGET OF 10% TO 12% RETURN ON SALES..DS SMITH - EXPECT COMPLETION OF DISPOSAL OF PLASTICS DIVISION WITH ANTICIPATED NET PROCEEDS OF C.£400 MILLION AROUND END OF THIS CALENDAR YEAR.DS SMITH - GOT NOTIFICATION FROM SELLER OF INTERSTATE RESOURCES OF THEIR INTENTION TO SELL HALF OF THEIR 20% RESIDUAL HOLDING IN INTERSTATE.DS SMITH - IN HY PROGRESS WITH INTEGRATION OF EUROPAC BEEN 'EXCELLENT' WITH DELIVERY OF SYNERGIES IN LINE WITH UPGRADED EUR 70 MILLION SYNERGY TARGET.DS SMITH PLC - EXPECT COMPLETION OF DISPOSAL OF PLASTICS DIVISION WITH ANTICIPATED NET PROCEEDS OF C.£400 MILLION AROUND END OF CALENDAR YEAR.  Full Article

UK's CMA Says Liqui-Box/DS Smith Deal Will Not Be Referred To Phase 2
Monday, 30 Sep 2019 

Sept 30 (Reuters) - UK'S CMA::UK'S CMA - MERGER BETWEEN LIQUI-BOX AND FLEXIBLE PLASTIC PACKAGING BUSINESS OF DS SMITH WILL NOT BE REFERRED TO PHASE 2.  Full Article

DS Smith Says FY Adjusted PBT Up 31%, Raises Europac Deal Synergies
Thursday, 13 Jun 2019 

June 13 (Reuters) - DS Smith PLC ::FY ADJUSTED PROFIT BEFORE TAX £569M UP 31%.FY REVENUE £6,171M UP 12%.FY PROFIT BEFORE TAX £350M UP 35%.FY DIVIDEND PER SHARE 16.2P.ACQUISITION OF EUROPAC - UPGRADE TO SYNERGIES FROM EUR 50M TO EUR 70M.SALE OF PLASTICS DIVISION AGREED.RAISE MEDIUM-TERM RETURN ON SALES TARGET, UP TO 10 - 12 PER CENT.VOLUME WEAKNESS IN EXPORT-LED MARKETS IN H2, IN GERMANY, BUT EXPECT THIS TO IMPROVE DURING CURRENT YEAR.FY NORTH AMERICA BUSINESS HAS PERFORMED WELL AHEAD OF INITIAL EXPECTATIONS.CONSIDERED AND PLANNED FOR THE POTENTIAL IMPACT OF BREXIT ON BUSINESS.MADE PLANS FOR CONTINGENCY LEVELS OF SPARE PARTS AND OTHER ESSENTIAL ITEMS FOR CONTINUOUS RUNNING.DS SMITH, ON A POTENTIALLY DISORDERLY BREXIT, SAYS EXPECT DISRUPTION TO OWN OPERATIONS TO BE RELATIVELY CONTAINED.DS SMITH SAYS NOT IMMUNE FROM DISRUPTION THAT MIGHT OCCUR IN EVENT OF DISORDERLY BREXIT, INCLUDING IMPACT OF CHANGES IN ORDER PATTERNS FROM CUSTOMERS.UK OPERATIONS UTILISE PAPER MANUFACTURED AT CO'S KEMSLEY MILL IN KENT, UK, IN ADDITION TO PAPER FROM OTHER MILLS ON CONTINENTAL EUROPE.  Full Article

DS Smith Says Gareth Davis' Term As Chair Extended To Jan. 2021, After Which He Will Retire
Wednesday, 29 May 2019 

May 29 (Reuters) - DS Smith PLC ::GARETH DAVIS' TERM AS CHAIRMAN HAS BEEN EXTENDED TO 3 JANUARY 2021.A RECRUITMENT PROCESS FOR GARETH'S REPLACEMENT WILL BE STARTED AT APPROPRIATE TIME.EXPECTED THAT GARETH DAVIS' WILL THEN RETIRE FROM BOARD IN JANUARY 2021.  Full Article

Europac Shares To Delist From Barcelona Stock Exchange Effective Feb. 20
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Europac ::SHARES TO BE EXCLUDED FROM TRADING ON BARCELONA STOCK EXCHANGE EFFECTIVE FEB. 20.  Full Article

DS Smith Names Rupert Soames As Non-Executive Director
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - DS Smith PLC ::DIRECTORATE CHANGE.APPOINTMENT OF RUPERT SOAMES TO COMPANY'S BOARD AS A NON-EXECUTIVE DIRECTOR.  Full Article

DS Smith To Carry Out Squeeze-Out Of Europac Shares At 16.80 Euro/Shr
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - DS Smith PLC :TO CARRY OUT SQUEEZE-OUT OF EUROPAC <<>> SHARES AT 16.80 EUROS PER SHARE.SAYS AFTER SQUEEZE-OUT IS COMPLETED SHARES OF EUROPAC <<>> WILL BE DELISTED.  Full Article

Europac Board Of Directors Positively Assesses Bid Price In DS Smith Takeover
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Europac ::BOARD OF DIRECTORS OF EUROPAC POSITIVELY ASSESSES OFFER PRICE FROM DS SMITH PLC <<>>.  Full Article

Spanish Regulator Approves DS Smith's Europac Acquisition
Monday, 26 Nov 2018 

Nov 26 (Reuters) - DS Smith PLC ::DS SMITH PLC - BOARD OF SPANISH SECURITIES MARKET COMMISSION (CNMV) HAS TODAY AUTHORISED ITS PROPOSED ACQUISITION OF PAPELES Y CARTONES DE EUROPA, S.A.DS SMITH PLC - ANTICIPATES OFFER DOCUMENTATION BEING POSTED TO SHAREHOLDERS OF EUROPAC AS SOON AS PRACTICABLE.  Full Article

Europac: Takeover Bid Launched By DS Smith Has Been Authorised - Regulator
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Takeover Bid For Papeles Y Cartones De Europa ::LAUNCHED BY DS SMITH <<>> HAS BEEN AUTHORISED - REGULATOR.  Full Article

UPDATE 1-Packager DS Smith says stocking up on spare parts ahead of Brexit

June 13 Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain's planned exit from the European Union, but expected disruption to its operations to be "relatively contained".