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Regus CEO places 37m shares

Tue, 20th Sep 2016 09:01

(ShareCast News) - Mark Dixon, the founder and chief executive officer of flexible workspace provider Regus is selling 37m shares, equivalent to a 4% stake in the company, in an accelerated bookbuild.The shares are being placed at 275p each, with JPMorgan Cazenove acting as sole bookrunner. The placing will take Dixon's stake down to 27.7% from 31.7%.Back in May 2015, Dixon placed 30m shares in the company at 245p per share.Olivetree said: "As is typical with these types of executive sell downs, many will question the motivations behind such a sale however it is worth noting that Dixon has sold down on several occasions in the past, with the stock making new highs in the aftermath."It said the stock has been particularly well liked in the sector over the last couple of years, but recent Brexit worries and faltering business confidence have weighed on leasing figures on a constant currency basis, with the stock 17% below its November 2015 highs following an indifferent reception to first-half numbers in August. At 0920 BST, Regus shares were down 5.6% to 273.50p..
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4 Nov 2016 16:42

Directors dealings: Regus finance chief picks up shares despite poor technical backdrop

(ShareCast News) - Regus's finance chief, Dominik de Daniel, picked up a large batch of stock despite the shares' daunting technical aspect. Dominik bought 173,000 shares on 4 November at an individual price of 239.7p for a total amount of £414,684.60, Regus said in a statement. The provider

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3 Nov 2016 07:52

Regus to set up Swiss holding company outside EU

(ShareCast News) - Workplace provider Regus is to set up a new holding company outside the EU in Switzerland called International Working Group as part of its plan to provide work solutions across multiple brands. The new holding company will be incorporated in Jersey but have its headquarters in Sw

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12 Oct 2016 06:33

Bodycote Appoints Ex-Regus CFO Dominique Yates As Finance Director

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15 Aug 2016 10:50

Canaccord Genuity cuts Regus target price on uncertainty in UK

(ShareCast News) - Analysts at Canaccord Genuity cut their target price on Regus's shares to reflect part of the risk arising from their worst case scenario for the UK market. The flexible workspace provider's business model was highly sensitive to the macroeconomic health of its markets, analysts M

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10 Aug 2016 15:59

LONDON MARKET CLOSE: Stocks Extend Rally Despite Brent Nearing USD44

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10 Aug 2016 12:41

Wednesday newspaper share tips: Regus, Standard Life

(ShareCast News) - Regus appears to be on to something with its flexible business model and markets have caught on, the Financial Times´s Lex column said. Its stock was trading near its 2016 high on a price-to-earnings multiple of close to 25. The real estate firm not only owns its properties,

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10 Aug 2016 11:44

Numis downgrades Regus, says shares 'up with events'

(ShareCast News) - Regus slumped on Wednesday, suffering a second day of losses as Numis downgraded its stance on the stock to 'hold' from 'buy' following the company's first-half results, saying the shares are up with events. The FTSE 250 workspace provider said on Tuesday that first-half profit ro

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10 Aug 2016 11:05

LONDON MARKET MIDDAY: Stocks Consolidate Gains After Four-Day Rally

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10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

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9 Aug 2016 09:43

WINNERS & LOSERS SUMMARY: Worldpay Bid Up After Strong First Half

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12 Jul 2016 02:39

WeWork CEO sees $1 billion revenue run-rate in 2017

ASPEN, Colo., July 11 (Reuters) - The chief executive of WeWork said on Monday that the co-working office space provider would hit a revenue run-rate of $1 billion next year. WeWork, one of the biggest 'unicorns' - startups worth more than $1 billion - recently raised more than $400 million

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7 Jun 2016 15:07

DIRECTOR DEALINGS: Regus Non-Executive Director Buys Shares

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25 May 2016 12:04

RBC upgrades Regus after underperformance

(ShareCast News) - Flexible workspace solutions provider Regus got a boost on Wednesday as RBC Capital Markets upped the stock to 'outperform' from 'sector perform' and lifted the price target to 400p from 300p. The Canadian bank said the stock's recent underperformance was a good buying opportunity

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25 May 2016 08:11

BUZZ-Regus: RBC upgrades after sell-off

** Office space supplier Regus +3.9%, among top FTSE 250 gainers in decent volume ** RBC Capital Markets - rated at 5 stars for recommendation accuracy on Regus, per StarMine - upgrades stock to "outperform" v "sector perform" ** Cites co's unrivaled market position, significant expan

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