Latest Share Chat

DJAN.L Share News (DJAN)

DJAN.L Information

There is currently no data for DJAN

Daejan Shares Soar On Merger Offer From Major Shareholder Freshwater

Fri, 21st Feb 2020 09:14

(Alliance News) - Freshwater Group Ltd will buy remaining stake in Daejan Holdings PLC for GBP80.50 in cash per share, the British property company said Friday.

Daejan shares were trading 55% higher in London at 8,010.00 pence each.

Freshwater Group currently owns 79.5% of entire issued share capital of Daejan.

Daejan said Freshwater's subsidiary Dock Newco is offering GBP80.50 in cash for each Daejan share. The offer price values the entire issued shares capital of Daejan at GBP1.31 billion and 20.5% of free float shares at GBP269.5 million.

The financial terms of the offer are final and will not be increased, the company noted.

Solly Benaim, independent director of Daejan, said: "The offer represents an opportunity for shareholders to realise in cash their investment in Daejan at a premium of approximately 56% to the prevailing share price and I intend to recommend shareholders to vote in favour of the offer."

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

More News

16 Aug 2013 07:08

Daejan on track for first quarter

FTSE 250 property group Daejan confirmed income was in line with expectations in the first quarter of the year. A brief quarterly statement reported no significant sales had been made in the period to end-June in UK or USA, but that the second quarter should see more interest. The group's major p

29 Nov 2012 10:35

Daejan back in profit

FTSE 250 property business Daejan bounded back into profit in the first half but warned it was "by no means clear" when sustained growth would return to its markets. The firm posted pre-tax profits of £23.3m in the six months to the end of September, up from a £121,000 loss the previous year. The

16 Aug 2012 07:47

Daejan plodding along nicely

Daejan Holdings, a FTSE 250 property business, has reported net rental income in line with expectations for the first three months of the financial year. During the period the firm continued to make progress with its major project to refurbish and extend its existing property Africa House in Kings

11 Jul 2012 15:11

FTSE 250 movers: Britvic dives after recall cost soars

Soft drinks group Britvic plummeted after saying the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro drinks could cost the company up to 25m pounds. Added to this, poor weather conditions and weak consumer sentiment means the group now expects to deliver a full-year results at the bottom e

11 Jul 2012 10:43

Daejan profits halve but divi inches higher

FTSE 250 property business Daejan more than halved its pre-tax profits for the year ended March 31st but kept investors on side with a total dividend of 76p per share, up 1p on last year's payout. Pre-tax profit declined from £84.4m to £41.8m, gross rental income for the year came in at £92.96m (2

17 Aug 2011 13:01

Daejan makes steady progress

Property business Daejan has reported that its net rental income for the period ending 30 June was in line with expectations. In a statement the company said: "There were no significant sales of property in the first quarter. "The major project to refurbish and extend our existing property Africa

10 Feb 2011 13:18

Small caps round-up: Enegi Oil, Assura, Pressure Tech...

Enegi Oil says the pressure results from the ongoing chemical soak at its PaP#1 Garden Hill South (GHS) well in Newfoundland are "positive". A second chemical soak is planned to improve connectivity even further. Chemicals and acid will be injected down the wellbore at a significantly higher pressu

22 Dec 2010 14:28

FTSE 250 movers: CSR extends gains

Bluetooth chip specialist CSR is leading the risers, closely following by property group Daejan Holdings and sports chain Sport Direct International. Weather disruptions are sending some stocks lower with retailers Dixons, Dunelm and SuperGroup among the worst performers, and public transport group

7 Jul 2010 14:45

Daejan Holdings FY Pretax Profit GBP61.13M Vs Loss GBP248.04M

LONDON (Dow Jones)--Daejan Holdings PLC (DJAN.LN), said Wednesday that it made pretax profit of GBP61.13 million for the year ended March 31, compared with loss of GBP248.04 million MAIN FACTS: -Gross rental income GBP85.88 million versus GBP83.92 million -Basic and diluted Earnings per

30 Nov 2009 12:09

London midday: Share prices steady down

UK share prices are stabilising at lower levels after hopes of a continued rebound from the Dubai-inspired shake-out on Thursday were quashed by disappointing UK consumer confidence figures. Figures from market research firm Gfk NOP showed consumer sentiment fell to -17 from -13 in October. Middle

17 Aug 2009 13:12

Daejan's rental income on track

Property group Daejan Holdings said net rental income in the period from 1 April to 30 June in both the UK and USA is in line with expectations. Sales of properties are rarely evenly spaced throughout the year and this year is no exception with no significant sales of property to report in the fir

15 Jul 2009 17:50

Daejan dives into the red

Property group Daejan Holdings slumped into the red in the year to end-March after taking a £262m hit on the value of its properties. In the year to 31 March 2009 the company made a loss before tax of £248m, versus a pre-tax profit the year before of £47.1m. Gross rental income rose to £83.9m from

Latest Share Chat

DJAN.L Share News (DJAN)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Daejan Shares Soar On Merger Offer From Major Shareholder Freshwater

Login to your account

Quickpicks are a member only feature

Login to your account