Less Ads, More Data, More Tools Register for FREE

Pin to quick picksITE Group Share News (ITE)

  • There is currently no data for ITE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

ITE Group acquires portfolio of events in Africa

Fri, 06th Mar 2015 14:33

Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares.ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake.The group said put and call options were in place over the next ten years to entitled it to acquire the remaining shares for an overall consideration of £50m.Broker Numis Securities led £12m a fundraising with the placing of 7.2m shares at a price of 167.5p apiece to help fund the acquisition.Chief executive Russell Taylor said the acquisition will expand the business in Africa, where "economic growth rates are expected to be high and the exhibition industry is currently at an early stage of development".The deal is expected to increase earnings in the first twelve months.Shares were up 5.95% to 185.68p on Friday at 14:34.
More News
29 Jan 2015 07:38

ITE Group says like-for-like Russia volumes sales trending down 20 pct

Jan 29 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said full-year like-for-like volumes sales in its biggest market Russia were running 20 percent less than this time last year, hurt by the fall in oil prices and a weak rouble. ITE, which earns about 70 percent o

Read more
29 Jan 2015 06:15

UK AGM, EGM Calendar - Week Ahead

Read more
28 Jan 2015 15:59

UK AGM, EGM Calendar - Week Ahead

Read more
28 Jan 2015 06:13

UK AGM, EGM Calendar - Week Ahead

Read more
27 Jan 2015 16:04

UK AGM, EGM Calendar - Week Ahead

Read more
27 Jan 2015 06:20

UK AGM, EGM Calendar - Week Ahead

Read more
26 Jan 2015 16:07

UK AGM, EGM Calendar - Week Ahead

Read more
26 Jan 2015 06:18

UK AGM, EGM Calendar - Week Ahead

Read more
23 Jan 2015 16:02

UK AGM, EGM Calendar - Week Ahead

Read more
23 Jan 2015 06:12

UK AGM, EGM Calendar - Week Ahead

Read more
22 Jan 2015 16:35

UK AGM, EGM Calendar - Week Ahead

Read more
21 Dec 2014 20:24

MEDIA-ITE to buy shipping and logistics intelligence provider Breakbulk for 20 mln stg -Sky

-- Source link: (http://bit.ly/1JDSTE4) -- Note: Reuters has not verified this story and does not vouch for its accuracy

Read more
2 Dec 2014 14:41

ITE Group chief executive sells shares to buy house

ITE Group's chief executive officer, Russell Taylor, decided to sell part of his stake in the company to purchase a house, raising £755,000. Taylor, who joined the exhibitions and conferences organiser company in 2003, sold 500,000 shares at 151p each. He now holds a total of 1.5m shares. The move

Read more
2 Dec 2014 09:50

ITE Group results affected by Russian and Ukrainian trading conditions

ITE Group, an exhibitions and conferences organiser, said currency headwinds and difficult trading conditions in Russia and Ukraine affected their revenues for the full year. Revenues were down at £174m from £192.3m a year earlier, dragging profits before tax from £43.9m to £41.5m. Earnings per sha

Read more
2 Dec 2014 09:28

CORRECTED-Russia sanctions, weak rouble to hurt ITE Group in 2015

(In second paragraph, corrects to say booked revenue was about 17 percent lower, not 15 percent) Dec 2 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said its booked revenue for next year was lower than a year earlier and that sanctions imposed on Russia and the wea

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.