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2 February 2017 NORTHACRE PLC ("Northacre" or the "Company") Matched Bargain Facility Northacre PLC, announces that a matched bargain facility has been put in place in order to facilitate trading in the Company's Ordinary Shares pursuant to the Company's cancellation of admission of its Ordinary Shares to trading on AIM on 12 January 2016 (the "Cancellation"). In addition, the major shareholder of the Company, Spadille Limited, advises that its previously announced order to purchase Ordinary Shares in the market at a price of 100 pence per Ordinary Share remains in place on Asset Match following the Cancellation. This order is a 35 per cent. premium to the closing mid-market price on 8 December 2016, being the day prior to the announcement of the Cancellation. For more information, or for shareholders who wish to dispose of their shares in Northacre, please click on the link or contact Asset Match directly on the contact details provided. For further information, please contact: Northacre plc Klas Nilsson, Non-Executive Chairman +44 (0) 20 7349 8000 Niccolò Barattieri di San Pietro (Chief Executive Officer) Asset Match Ben Weaver +44 (0) 20 7248 2788 Matthew Wilson
looking at the projected end dates for the ongoing developments a payout should be due in early 2016. GLA
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12499884.html
For NTA!
Rns....
Good to see some trades here and all buys!
Stock available now at 66.75p and can sell at premium 63.5p
MMs very cagey with this stock, know if they push the bid to quick will get bombarded with stock from all the divi hunters who want out at 80+. Sit tiight folks another project on the horizon. Prices falling in London, Dubai big boys will splash some cash??
Cant buy any stock online .... surely they need to tick this up?
Nice tick up on 1000 shares!!!!!
Could get interesting this week, with no stock available on Friday and the dividend to be paid end of week could easily spike up here!
Still can't buy online another tick up due!
Premium being paid 68p.... no stock online again!
NO STOCK online to buy.... major tick up coming imo!!
Yes it is quite special i have had both of them over the last year plus and the 5000 shares have cost me 6p now i think that is quite special Lunatic dont you ???
Developments1 Palace Street will be the only residential development overlooking the gardens of Buckingham Palace. This unique attribute along with its imposing Grade II listed façade will facilitate us in delivering the best residential development in London. This opportunity was sourced and completed by ADCM with Northacre PLC committing to contribute £10m of equity. Since completion took place in early January 2014, we have been working closely with Squire and Partners in order to fully redesign the approved scheme. We expect to submit a new planning application by the middle of July 2014. Should we receive planning approval in the autumn, we will be starting demolition in January 2015. Vicarage Gate House is progressing according to the development plan with practical completion scheduled for March 2015. The construction phase has been running very smoothly and no major issues have arisen. Sales have been progressing well and three units have been reserved/exchanged. We have achieved over £4,000 per square foot on the penthouse which is a record for the area. 33 Thurloe Square is an imposing Grade II listed property overlooking the Victoria & Albert Museum. It was the original residence of Sir Henry Cole the first director of the museum, hence of historic importance for the area. This opportunity was sourced by ADCM and Northacre PLC contributed 15% of the equity. All our planning objectives were achieved. We secured listed building consent to increase the square footage of the existing property along with consent to build a double basement. This increased the total square footage from 4,777 to 6,500 square feet. As we were about to start work on site we received an unsolicited offer for £12,750,000 which represents a significant premium to the market. We exchanged contracts on 6th June 2014 and completed on 24th June 2014. We achieved a net IRR of over 30% for our investors along with a substantial return for Northacre PLC in terms of development management fees, performance fee and return on our invested equity. This site is adjacent to Vicarage Gate House and is a development of 8 apartments. These two interconnected period buildings will allow us to develop four lateral flats which are very rare in these kinds of buildings. We started works on site at the end of June 2014 with completion due twelve months after. Chester Square This is a two year project for a private client. Northacre PLC was appointed as a development manager and Intarya, the Group's interior design team, will be working on the interior architecture and furnishings. The client selected Northacre PLC as he wanted a company who had a strong track record in achieving complicated planning and one with a true understanding of the high-end market. The Lancasters This project has proved to be an excellent long term investment with a total dividend income of £50m.
The shares went ex- div today meaning anyone buying today will not get dividend but can buy stock at great price!
why was yesterday the cut off day when the rns states friday?
Its like the Vodafone deal ,Your getting your own money back .
Last day to buy for special dividend of 35p!!! Sure it will open lower tomorrow but I expect it to rally during next few days just like LSL did last week after special dividend of 21p!
Yeah right,but what price will it open at on monday
From what I've understood, I only need to hold the shares on 22nd to be eligble for 40% dividend? Is there anything else I should be aware of as I can't find any other info?
15k buy at premium 94p! should get back around £5310 gross dividend :-)
Special dividend yield about 40% ... not bad at all :-)
Northacre PLC Circular, Dividend and Withdrawal of Resolutions Share On Facebook Print Alert TIDMNTA RNS Number : 1986P Northacre PLC 14 August 2014 Northacre PLC ("Northacre" or the "Company") Posting of Circular, Dividend and Withdrawal of Resolutions Northacre has today posted a circular to shareholders in connection with the proposals set out in its announcement of 13 August 2014 (the "Circular") and convening a general meeting of the Company ("General Meeting"). The Company has also today declared an interim dividend of 35.43 pence per ordinary share, payable on 5 September 2014 to shareholders on the register on 22 August 2014. The General Meeting will be held at 11.00 am on 8 September 2014 at the Company's offices, 8 Albion Riverside, 8 Hester Road, London SW11 4AX. A copy of the Circular will be available on the Company's website shortly. Separately, further to the Notice of Annual General Meeting (the "AGM") accompanying the Company's annual report and accounts for the year ended 28 February 2014, the Company announces that resolutions 6 and 7 are being withdrawn. The AGM will be held at 9.30am on 26 August 2014 at the Company's offices.