focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJLH.L Share News (JLH)

  • There is currently no data for JLH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

John Lewis of Hungerford sells & leaseback factory, proposes delisting

Thu, 11th May 2023 12:37

(Alliance News) - John Lewis of Hungerford PLC on Thursday announced the sale and leaseback of its freehold purpose-built factory and administrative headquarters in Wantage, Oxfordshire.

John Lewis of Hungerford has also said it intends to seek shareholder approval to cancel the company's ordinary shares from trading on AIM.

John Lewis of Hungerford is a specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture.

The company plans to re-register as a private limited company and undertake a share buyback through a tender offer which will allow shareholders who wish to do so the opportunity to sell shares.

The directors believe that tender offers made would be worth approximately 10% of the company's ordinary shares, around 1.5 pence per share.

Chief Executive Officer and Acting Chair Kiran Noonan said: "The sale and leaseback transaction with TOF Corporate Trustees secures a strong strategic partnership with a fund committed to developing the Grove Business Park.

"The proposed cancellation of trading in our shares on AIM is a key part of the Board's plan to ensure management time is exclusively focused on the progress of the Company."

John Lewis of Hungerford shares were trading 11.9% lower at 1.30 pence on Thursday afternoon.

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Aug 2014 11:03

UK WINNERS & LOSERS: Just Eat Delivers Tasty Revenue Growth

Read more
12 Aug 2014 09:35

John Lewis of Hungerford changes its name to Grove

Kitchen and bedroom supplier John Lewis of Hungerford (JLH) is changing its name and splitting its manufacturing, retail and installation businesses. JLH said it was planning to call itself Grove (Oxfordshire) - after the name of the address of its head office - to reflect a re-structuring of the b

Read more
12 Aug 2014 08:27

John Lewis Of Hungerford To Change Name, Reorganise Business

Read more
11 Jun 2014 12:35

UK MIDDAY BRIEFING: J Sainsbury Sales Down Again, But Stock Gains

LONDON (Alliance News) - J Sainsbury Wednesday reported another drop in like-for-like sales, its second consecutive quarterly decline after nine years of unbroken sales growth.

The UK's third-largest supermarket chain by market share posted a 1.1% decline in like-f

Read more
11 Jun 2014 10:44

UK WINNERS & LOSERS: Supermarkets Up, Airlines Down

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
-------
FTSE 100 - WINNERS
-------
J Sainsbury, up 2.5%, Tesco, up 0.6%, and WM Morri

Read more
11 Jun 2014 09:19

John Lewis Of Hungerford Says Investments Will Dent Operating Profit

LONDON (Alliance News) - John Lewis of Hungerford PLC Wednesday said it continues to trade ahead of the volumes experienced last year, with dispatched sales and the forward order book up 8.9% on a year earlier. But the kitchen and furniture designer and manufacturer warned operating profit

Read more
11 Jun 2014 07:31

UK MORNING BRIEFING: Sainsbury's Leads FTSE 100 Gainers

LONDON (Alliance News) - Sainsbury's leads FTSE 100 gainers at the open Wednesday despite reporting its second consecutive decline in quarterly sales.

However, the overall market has opened lower, depressed by a group of ex-dividend stocks such as VodafoneRead more

12 May 2014 15:03

DIRECTOR DEALINGS: John Lewis Of Hungerford Executive Sells Shares

LONDON (Alliance News) - John Lewis of Hungerford PLC Monday said Finance Director Karen Stanley sold 500,000 shares at 2.3 pence per share, and now no longer holds any shares in the company. Shares in the UK kitchens manufacturer were up 2.5% at 2.46 pence Monday afternoon. By Rowena

Read more
1 May 2014 15:49

Sinclair IS Pharma CEO grows stake to 8.75m shares

The Chief Executive Officer (CEO) of AIM-listed Sinclair IS Pharma this week added 285,844 to his stake, while fellow board member Stuart Swanson made the modest purchase of 12,774 shares. CEO Chris Spooner paid 30.88p, spending a total of £106,047. His shareholding in the pharmaceutical group now

Read more
1 May 2014 11:45

DIRECTOR DEALINGS: John Lewis of Hungerford's John Lewis Sells Shares

LONDON (Alliance News) - John Lewis of Hungerford PLC Thursday said Non-Executive Director John Lewis sold 5 million shares at a price of 2.00 pence per share Wednesday. Following this transaction, Lewis holds a beneficial interest in 72.5 million shares, representing 38.8% of the issued sh

Read more
17 Apr 2014 09:02

John Lewis of Hungerford First-Half Profit Up As Revenue Rises

LONDON (Alliance News) - John Lewis of Hungerford PLC Thursday reported a higher pretax profit and revenues for the first-half of the year, boosted by growth in both its products and installations. The kitchen and furniture designer and manufacturer said that in the six months to February 2

Read more
17 Apr 2014 07:24

UK MORNING BRIEFING: Diageo Sales Dip On Emerging Market Hit

LONDON (Alliance News) - Spirits and alcoholic beverage giant Diageo Thursday reported another dip in sales in the third quarter due to further volume declines and weaker Emerging Markets. The world's largest spirits producer, and a major producer of beer and wine, said that organic net sal

Read more
14 Feb 2014 08:39

John Lewis of Hungerford To Open Chiswick Showroom

LONDON (Alliance News) - John Lewis of Hungerford PLC Friday said it has exchanged contracts with an unnamed firm to lease a new showroom in Chiswick, west London. The showroom is expected to open in May and will become the 15th in the portfolio, including the bedroom-only showroom opened i

Read more
27 Jan 2014 15:14

John Lewis Of Hungerford Says Christmas Trading In Line With Expectations

LONDON (Alliance News) - John Lewis of Hungerford PLC Monday said trading over the Christmas period was in line with expectations, and its sales and forward order book now stands 16% higher than last year at GBP3.6 million. The kitchen and furniture designer and manufacturer said it is stil

Read more
6 Jan 2014 16:08

New Cable & Wireless CEO spends almost triple his salary on shares

The new Chief Executive Officer of Cable & Wireless Communications has acquired 4.3m shares in the company after starting his new role at the beginning of the month. Bentley, who was the Managing Director of British Gas from 2007 to 2013, spent a total of just under £2.45m, equivalent to approxima

Read more

Quickpicks are a member only feature

Login to your account