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UPDATE: Bonmarche CEO, CFO And Non-Executive Sell Shares To Spectre

Mon, 01st Jul 2019 18:20

(Alliance News) - Bonmarche Holdings PLC on Monday said several directors have accepted a mandatory unconditional cash offer by Spectre Holdings Ltd and disposed of their shareholdings in the company.

Shares in clothing retailer Bonmarche closed up 2.0% at 11.99 pence.

Earlier on Monday, Bonmarche reported that Spectre Holdings Ltd held a 66% stake in the company on Friday last week.

Spectre was required to make a mandatory offer for Bonmarche in April when it acquired 26.2 million Bonmarche shares, taking it to a 52% majority stake.

Bonmarche's board initially rejected the 11.445 pence per share offer, which valued the company at just GBP5.7 million, but changed its mind last Wednesday after a tough first quarter.

On Thursday, however, Spectre also changed its mind and announced plans to withdraw the offer early, given Bonmarche's poor trading performance. The offer is to close on Friday next week, but remains open until then.

Turning back to director dealings, Chief Executive Officer Helen Connolly sold 42,542 shares at the offer price, worth GBP4,869. Meanwhile, Chief Financial Officer Stephen Alldridge and Senior Independent Non-Executive Director Ishbel Macpherson disposed of 508,910 shares for GBP58,245 and 25,000 shares for GBP2,861, respectively.

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19 Mar 2019 07:50

Bonmarche shares tumble as it issues another profit warning

(Sharecast News) - Shares in Bonmarche tumbled on Tuesday after the womenswear retailer warned of a worse-than-expected full-year loss - its third profit warning in six months - as trading since the beginning of March has been "significantly" weaker.

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25 Jan 2019 07:46

LONDON MARKET PRE-OPEN: Vodafone Confirms Outlook; Fuller's Exits Beer

LONDON (Alliance News) - Equities prices in London are seen opening slightly higher Friday, despite a stronger pound set to hinder overseas-exposed FTSE 100 stocks. In early corporate news, has an

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25 Jan 2019 07:38

Bonmarche Q3 sales drop less than expected

(Sharecast News) - Bonmarche posted a drop in third-quarter sales on Friday but said trading remains in line with the revised guidance given at the update in December and the winter sale has started well.

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23 Jan 2019 12:10

Workspace Group Appoints Seasoned Director Ishbel Macpherson To Board

LONDON (Alliance News) - Workspace Group PLC on Wednesday said it has appointed Ishbel Macpherson as non-executive director with immediate effect.Macpherson is currently senior independent

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18 Jan 2019 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 21 January Premier Veterinary GroupFull Year ResultsWilliam HillTrading Operations

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13 Dec 2018 10:51

WINNERS & LOSERS SUMMARY: Outsourcers G4S And Serco Lead FTSE 250

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 5.2%. Revenue for the financial year to

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13 Dec 2018 09:35

Bonmarche Warns On Profit As Key Sales Periods Come Up Short

LONDON (Alliance News) - Bonmarche Holdings PLC on Thursday issued a profit warning after sales during Black Friday and the beginning of the key Christmas period were weaker than shares dropped to

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13 Dec 2018 08:35

Bonmarché warns on profits again, citing 'unprecedented' high street conditions

(Sharecast News) - Bonmarché's shares dived on Thursday after the company warned profits will be lower as store sales are hit by Brexit worries and "unprecedented" high street trading conditions.

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20 Nov 2018 14:41

Bonmarche interim profit drops amid flat sales but FY guidance backed

(Sharecast News) - Budget women's clothing retailer Bonmarche - which warned on profits back in September - posted a drop in interim profit on Tuesday amid flat sales.

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20 Nov 2018 10:37

Bonmarche Interim Profit Falls As Expects Annual Reduction

LONDON (Alliance News) - Bonmarche Holdings PLC on Tuesday posted a drop in interim pretax profit, hampered by weaker consumer sentiment and falling footfall, as it renewed its guidance for annual

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27 Sep 2018 09:07

Bonmarche blames high street woes for profit warning

(Sharecast News) - Bonmarche blamed waning interest in high street shopping for a sharp downturn in store sales that will cause profit to shrink this year.

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26 Jul 2018 09:34

Bonmarche first-quarter sales boosted by online

(Sharecast News) - Women's value retailer Bonmarche was on the rise as it said first-quarter sales were boosted by its online offering.

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19 Jul 2018 16:21

UK Shareholder Meetings Calendar - Next 7 Days

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19 Jun 2018 17:07

LONDON MARKET CLOSE: Spiralling Tariff Troubles Drive Stocks Lower

LONDON (Alliance News) - Risk-off sentiment dominated on Tuesday after the US-China tariff dispute further deteriorated.While the foreign-earner heavy FTSE 100 ended lower, London's blue-chip was

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19 Jun 2018 12:03

LONDON MARKET MIDDAY: Risk-Off Trade After Tariff Spat Intensifies

LONDON (Alliance News) - A continuation of the US-China tariff saga knocked London stocks on Tuesday at midday, with Ashtead also dragging on the FTSE 100 after the release of its of

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