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IN BRIEF: PV Crystalox Solar Launches GBP2 Million Tender Offer

Thu, 16th Jul 2020 21:18

PV Crystalox Solar PLC - the silicon wafers manufacturer - Says it will proceed to return up to GBP2 million of surplus capital to shareholders by way of a tender offer at a price of 55 pence per share. The tender offer will open on Friday. The tender price represents a premium of 17% to the closing price of 47.2p per share on Monday. The maximum number of shares that may be acquired under the tender offer is 3.6 million, representing 50% of PV Crystalox's issued share capital. The tender offer will close on September 9. The company also announced that it will request the cancellation of the listing of its shares on the standard segment of the London Stock Exchange's Main Market.

Current stock price: 53.50 pence

Year-to-date change: down 16%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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19 Aug 2009 08:20

London open: Ex-divs weigh

Footsie is in the red following yesterday's good gains and despite decent performance on Wall Street overnight. Former Bank of Ireland governor Richard Burrows is to be the new chairman of Lucky Strike maker British American Tobacco when Jan du Plessis steps down from the position on 1 November. B

19 Aug 2009 07:57

PV Crystalox profit halves

Silicon wafers supplier PV Crystalox Solar is confident of a "robust" performance in the second half despite reporting a 57% slump in earnings for the first six months of 2009. Earnings before interest and tax for the half year ended 30 June fell to €21.5m from €50.5m a year earlier on revenue down

14 Jul 2009 17:09

London close: Stocks pull out of tailspin

Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn

14 Jul 2009 14:10

London afternoon: Footsie climbs despite weak retailers

London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar

14 Jul 2009 12:11

London midday: Early gains are consolidated

The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu

15 May 2009 16:29

London close: Footsie ends on low note

London closed lower after a lacklustre afternoon session with losses on properties and travel companies outweighing gains on miners. Shocking figures from property giant Land Securities on Wednesday still cast a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lowe

15 May 2009 14:10

London afternoon: Travel companies trip Footsie

London continues its gentle downward drift, with losses on properties and travel companies outweighing gains on miners. The market seems unlikely to get any sort of lift from Wall Street which is expected to open moderately weaker. Shocking figures from property giant Land Securities on Wednesday

15 May 2009 13:41

FTSE 250 movers: Renishaw in focus

Microscope maker Renishaw says cost cutting will offset the impact of tough market conditions and claims an operating loss for the second half is expected to be "somewhat less" than the £10m flagged in March. The company, which supplies microscopes, scanning probes and other devices, has already a

15 May 2009 12:15

London midday: Rally stalls

Weak properties and oils have pitched the Footsie into the red, despite the continued strength of banks and miners. Shocking figures from property giant Land Securities on Wednesday are still casting a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lower but Hammer

15 May 2009 08:48

London open: Banks give Footsie a boost

Banks have helped Footsie make a bright start with reports that Barclays is considering new offers for its iShares arm boosting the whole sector. Barclays may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division for

15 May 2009 07:08

PV Crystalox revenues on the slide

PV Crystalox Solar, which produces silicon wafers for use in solar power generation systems, expects first half revenues to take a 10% dive from last year's half-yearly revenues. The company has seen a further decline in demand for its products since its preliminary results announcement at the end

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