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United Kingdom

Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

502.50GBp
15 Jan 2019
Change (% chg)

-8.50 (-1.66%)
Prev Close
511.00
Open
516.50
Day's High
524.50
Day's Low
502.50
Volume
354,018
Avg. Vol
1,192,873
52-wk High
1,146.80
52-wk Low
335.00

Latest Key Developments (Source: Significant Developments)

Woodford Investment Management Discloses 14.16 Pct Stake In Kier Group - Filing
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Kier Group PLC ::WOODFORD INVESTMENT MANAGEMENT LTD DISCLOSES 14.16 PERCENT STAKE IN KIER GROUP PLC - FILING.  Full Article

Prudential Discloses 7.93 Pct Stake In Kier Group
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Kier Group PLC ::PRUDENTIAL PLC GROUP OF COMPANIES DISCLOSES 7.93 PERCENT STAKE IN KIER GROUP PLC - FILING.  Full Article

Kier Group Completes Sale Of Shares In KHSA Limited
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Kier Group PLC ::KIER GROUP PLC - COMPLETION OF DISPOSAL.KIER GROUP PLC - COMPLETION OF DISPOSAL OF KIER SHARE IN KHSA LIMITED TO DOWNER GROUP.KIER GROUP PLC - COMPLETED DISPOSAL OF KHSA LIMITED TO DOWNER GROUP FOR A TOTAL CONSIDERATION OF UP TO AUS$43.7M.  Full Article

Kier Group Says CEO Mursell Buys 37,380 Shares Of 1 Pence Each In Co After Rights Issue
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Kier Group PLC ::KIER GROUP SAYS CEO MURSELL BUYS 37,380 SHARES OF 1 PENCE EACH IN CO AFTER CO'S RIGHTS ISSUE OF 64.5 MILLION SHARES AT 409 PENCE PER SHARE.KIER GROUP SAYS FINANCE DIRECTOR DEW BUYS 19,465 SHARES OF 1 PENCE EACH IN CO AFTER GROUP'S RIGHTS ISSUE OF 64.5 MILLION SHARES AT 409 PENCE PER SHARE.  Full Article

Bookrunners To Sell Up To 28.1 Mln New Kier Shares In Further Discounted Placing
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Peel Hunt::PEEL HUNT LLP NUMIS SECURITIES LTD KIER GROUP PLC - PROPOSED PLACING OF ORDINARY SHARES IN KIER GROUP.BLOCK TRADE - KIER GROUP: PEEL HUNT, NUMIS ACTING AS JOINT BOOKRUNNERS TO SELL UP TO 28.1 MILLION SHARES OF 1P EACH IN CAPITAL OF KIER.BLOCK TRADE - KIER GROUP PLC: BOOKRUNNER PEEL HUNT SAYS PRICE PER PLACING SHARE IS EXPECTED TO BETWEEN 360-375 PENCE PER SHARE.BLOCK TRADE - KIER GROUP: BOOKRUNNER PEEL HUNT SAYS SELLERS SUBSCRIBED FOR 28.1 MILLION SHARES IN AGGREGATE, EQUAL TO ABOUT 17.33 PER CENT. OF KIER'S ENTIRE ISSUED SHARE CAPITAL.BLOCK TRADE - KIER: BOOKRUNNER PEEL HUNT SAYS IF PLACING PROCEEDS, EACH SELLER TO ENTER 1 CALENDAR MONTH LOCK UP UNDERTAKING FOR SHARES NOT SOLD AFTER PLACING.  Full Article

Kier Says Bookrunners Think Unlikely Subscribers Can Be Procured At 409 P/Share For Rump Placing
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Kier Group PLC ::RESULTS OF RUMP PLACING.BLOCKTRADE: KIER - BOOKRUNNERS OF OPINION IT IS UNLIKELY THAT SUBSCRIBERS CAN BE PROCURED AT A PRICE PER NEW SHARE WHICH IS AT LEAST EQUAL TO 409 PENCE/NEW SHARE.BLOCKTRADE:KIER - JOINT BOOKRUNNERS TO SUBSCRIBE FOR 28.1 MILLION NEW SHARES, INSTITUTIONAL INVESTOR SUB-UNDERWRITERS SUBSCRIBING FOR 12.1 MILLION SHARES.BLOCKTRADE-KIER - JOINT BOOKRUNNERS, INSTITUTIONAL INVESTOR SUB-UNDERWRITERS TO SUBSCRIBE FOR NEW SHARES AT 409P/SHARE ISSUE PRICE.  Full Article

Peel Hunt Risks Associated With Kier Group's Net Debt Increased Significantly After September
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Peel Hunt::KIER GROUP: PEEL HUNT SAYS PRINCIPAL REASON FOR RIGHTS ISSUE WAS THE RISKS ASSOCIATED WITH THE PERCEPTION THAT NET DEBT WAS TOO HIGH.KIER GROUP: PEEL HUNT SAYS RISKS ASSOCIATED WITH NET DEBT HAD INCREASED SIGNIFICANTLY IN THE PERIOD AFTER THE FY18 RESULTS (SEPTEMBER).  Full Article

Kier Group Received Valid Acceptances For 37.66 Pct Of Shares For Rights Issue
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Kier Group PLC ::RESULTS OF RIGHTS ISSUE.ANNOUNCES THAT 33 FOR 50 RIGHTS ISSUE OF 64,455,707 NEW SHARES AT 409 PENCE PER NEW SHARE ANNOUNCED ON 30 NOVEMBER 2018 ( "RIGHTS ISSUE") CLOSED FOR ACCEPTANCES AT 11:00 A.M.KIER GROUP PLC - RECEIVED VALID ACCEPTANCES IN RESPECT OF 24,276,286 NEW SHARES, REPRESENTING APPROXIMATELY 37.66 PER CENT.COMPANY RECEIVED VALID ACCEPTANCES IN RESPECT OF 24,276,286 NEW SHARES, REPRESENTING APPROXIMATELY 37.66 PER CENT. OF TOTAL NUMBER OF NEW SHARES TO BE ISSUED PURSUANT TO FULLY UNDERWRITTEN RIGHTS ISSUE.IT IS EXPECTED THAT NEW SHARES WILL COMMENCE TRADING, FULLY PAID, ON LONDON STOCK EXCHANGE PLC'S MAIN MARKET FOR LISTED SECURITIES ON 20 DECEMBER 2018..KIER WILL RECEIVE £250M NET CASH PROCEEDS OF RIGHTS ISSUE BY 28 DECEMBER 2018..NOTWITHSTANDING ABOVE, JOINT BOOKRUNNERS WILL NOT BE OBLIGED TO ENDEAVOUR TO PROCURE SUBSCRIBERS IF, AT ANY TIME PRIOR TO 5.00 P.M. ON 21 DECEMBER 2018.JOINT BOOKRUNNERS, SUBJECT TO THEIR SUB-UNDERWRITING ARRANGEMENTS, WILL SUBSCRIBE FOR ANY NEW SHARES THEN UNSUBSCRIBED AT ISSUE PRICE..JOINT BOOKRUNNERS WILL ENDEAVOUR TO PROCURE SUBSCRIBERS FOR REMAINING 40,179,421 NEW SHARES NOT VALIDLY TAKEN UP IN RIGHTS ISSUE, INCLUDING 3,077 NEW SHARES REPRESENTING FRACTIONAL ENTITLEMENTS IN RESPECT OF RIGHTS ISSUE ( "PLACING"), FAILING WHICH JOINT BOOKRUNNERS HAVE AGREED TO ACQUIRE, ON A SEVERAL BASIS, ANY REMAINING NEW SHARES.  Full Article

Goldman Sachs Raises Stake To 6.39 Pct From 2.58 Pct In Kier Group
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Goldman Sachs Group Inc ::THE GOLDMAN SACHS GROUP RAISES STAKE TO 6.39 PERCENT FROM 2.58 PERCENT IN KIER GROUP PLC - FILING.  Full Article

Kier Group Proposes To Raise About £264 Mln By Way Of A Rights Issue
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Kier Group PLC ::ANNOUNCEMENT OF RIGHTS ISSUE.33 FOR 50 FULLY UNDERWRITTEN APPROXIMATELY £264 MILLION RIGHTS ISSUE.CURRENT TRADING AND OUTLOOK FOR FY19 REMAIN IN LINE WITH BOARD'S EXPECTATIONS.RIGHTS ISSUE UNDERTAKEN TO REINFORCE KIER'S STRONG POSITIONS IN ITS GROWING MARKETS OVER LONG-TERM.FORECASTING YEAR-END NET CASH POSITION FOR FY19; TARGETING AN ANNUALISED AVERAGE NET DEBT:EBITDA RATIO OF LESS THAN 1X.TARGETING DIVIDEND COVER OF 5X UNDERLYING EARNINGS PER SHARE IN FY19 AND, THEREAFTER, DIVIDEND COVER OF APPROXIMATELY 2.5X.NET PROCEEDS OF RIGHTS ISSUE OF APPROXIMATELY £250 MILLION WILL ENABLE GROUP TO ACCELERATE ITS NET DEBT REDUCTION PROGRAMME.NET PROCEEDS OF RIGHTS ISSUE WILL BE USED TO PAY DOWN PART OF BALANCE DRAWN UNDER GROUP'S REVOLVING CREDIT FACILITY.  Full Article

PRESS DIGEST- British Business - Jan 14

Jan 14 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.