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United Kingdom

Provident Financial PLC (PFG.L)

PFG.L on London Stock Exchange

438.02GBp
10:08am BST
Change (% chg)

-6.98 (-1.57%)
Prev Close
445.00
Open
449.60
Day's High
449.60
Day's Low
437.00
Volume
41,658
Avg. Vol
600,827
52-wk High
716.00
52-wk Low
435.70

Latest Key Developments (Source: Significant Developments)

Invesco Cuts Stake To 20.89% From 21.79% In Provident Financial
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Provident Financial PLC ::INVESCO LTD CUTS STAKE TO 20.89% FROM 21.79% IN PROVIDENT FINANCIAL PLC - FILING.  Full Article

St. James's Place Discloses 5% Stake In Provident Financial
Monday, 10 Jun 2019 

June 10 (Reuters) - Provident Financial PLC ::ST. JAMES'S PLACE PLC DISCLOSES STAKE OF 5.0% IN PROVIDENT FINANCIAL AS OF JUNE 5 - FILING.  Full Article

Woodford-Backed Non-Standard Finance (NSF) Considers Dropping Hostile Provident Bid - Bloomberg
Tuesday, 4 Jun 2019 

June 4 (Reuters) - :WOODFORD-BACKED NON-STANDARD FINANCE (NSF) CONSIDERS DROPPING HOSTILE PROVIDENT BID - BLOOMBERG, CITING SOURCES.  Full Article

Non-Standard Finance Says Co Has Decided To Lapse Offer For Provident Financial
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Non-Standard Finance Plc ::OFFER FOR PROVIDENT FINANCIAL PLC - LAPSE OF OFFER.NON-STANDARD FINANCE- CO UNDERSTANDS THAT REGULATORY CONDITION FOR OFFER FOR FOR PROVIDENT FINANCIAL WILL NOT BE SATISFIED BY MIDNIGHT ON 5 JUNE 2019.NSF HAS DECIDED, WITH CONSENT OF TAKEOVER PANEL, TO LAPSE OFFER.AS OF MIDNIGHT ON 5 JUNE 2019, OFFER WILL LAPSE AND WILL NOT BE CAPABLE OF FURTHER ACCEPTANCE.AS OF MIDNIGHT ON 5 JUNE 2019, PROVIDENT SHAREHOLDERS WHO HAVE ACCEPTED OFFER WILL CEASE TO BE BOUND BY SUCH ACCEPTANCES.NON-STANDARD FINANCE - ENLARGED NSF GROUP WOULD NOT HAVE SUFFICIENT REGULATORY CAPITAL ON CONSOLIDATED BASIS AT COMPLETION.EACH OF CO'S BUSINESSES REMAINS FULLY AUTHORISED BY FCA.LAPSING OF OFFER DOES NOT AFFECT CAPITAL OR REGULATORY POSITION OF NSF GOING FORWARD.NON-STANDARD FINANCE- CO'S FINAL DIVIDEND FOR 2018 OF 2.00P PER SHARE WILL BE PAID ON 7 JUNE 2019 TO THOSE NSF SHAREHOLDERS ON REGISTER ON 24 MAY 2019.NSF EXPECTS TO PAY AN INTERIM DIVIDEND LATER THIS YEAR IN ACCORDANCE WITH ITS NORMAL PRACTICE.CO ENSURED THAT SIGNIFICANT PROPORTION OF DEAL-RELATED COSTS WERE ON A SUCCESS-ONLY BASIS.NON-STANDARD FINANCE- TOTAL FEES FOR TRANSACTION ARE EXPECTED TO AMOUNT TO BETWEEN £10.0 MILLION AND £10.5 MILLION BEFORE VAT, AT LOWER-END OF RANGE ESTIMATED.NSF CONFIRMS THAT FEES OF TRANSACTION WILL BE MET FROM ITS EXISTING RESOURCES.FEES OF TRANSACTION WILL BE TREATED AS AN EXCEPTIONAL ITEM IN 2019 HALF YEAR RESULTS.  Full Article

Provident Financial investor Janus Henderson to reject NSF's bid
Tuesday, 4 Jun 2019 

June 4 (Reuters) - PROVIDENT FINANCIAL PLC ::PROVIDENT FIN.PLC. NON-STANDARD FIN - JANUS HENDERSON INVESTORS STATEMENT RE NSF'S OFFER.PROVIDENT FINANCIAL PLC - BOARD URGES ITS SHAREHOLDERS TO TAKE NO ACTION IN RELATION TO NSF OFFER..PROVIDENT FINANCIAL PLC - HOLDERS OF APPROXIMATELY 21.6 PER CENT. OF PROVIDENT SHARES HAVE PUBLICLY STATED THEY DO NOT INTEND TO ACCEPT NSF OFFER.PROVIDENT FINANCIAL - JANUS HENDERSON INVESTORS' CURRENT INTENTION IS TO NOT ACCEPT OFFER MADE BY NSF FOR PROVIDENT FINANCIAL GROUP.  Full Article

Provident Believes NSF Would Need To Waive CMA Condition To Declare Offer Unconditional
Wednesday, 29 May 2019 

May 29 (Reuters) - Provident Financial : :PROVIDENT FIN.PLC. NON-STANDARD FIN - RESPONSE TO ANNOUNCEMENT FROM THE CMA.PROVIDENT FINANCIAL - NOTES ANNOUNCEMENT FROM CMA STATING THAT IT HAS COMMENCED ITS INVESTIGATION INTO UNSOLICITED OFFER FROM NON-STANDARD FINANCE.PROVIDENT FINANCIAL PLC - PROVIDENT BOARD HAS RAISED SIGNIFICANT CONCERNS IN RELATION TO NSF'S PROPOSED REMEDY OF THE DEMERGER OF LOANS AT HOME.PROVIDENT FINANCIAL - NOTES ANNOUNCEMENT FROM CMA STATING IT HAS COMMENCED INVESTIGATION INTO UNSOLICITED OFFER FROM NSF FOR CO.PROVIDENT- "PROVIDENT BOARD FURTHER NOTES THAT IT IS NOW BEYOND ANY DOUBT THAT SUCH INVESTIGATION WILL NOT BE CONCLUDED BEFORE 5 JUNE 2019".PROVIDENT FINANCIAL PLC - 5 JUNE 2019 IS LATEST DATE FOR NSF TO DECLARE OFFER WHOLLY UNCONDITIONAL.PROVIDENT FINANCIAL PLC - IN ORDER TO DECLARE OFFER WHOLLY UNCONDITIONAL, PROVIDENT BOARD BELIEVES THAT NSF WOULD NEED TO WAIVE CMA CONDITION.  Full Article

Non-Standard Finance Provides Statement On Offer For Provident Financial
Tuesday, 28 May 2019 

May 28 (Reuters) - Non-Standard Finance PLC ::STATEMENT ON OFFER FOR PROVIDENT FINANCIAL.STATEMENT ON OFFER FOR PROVIDENT FINANCIAL.NSF HAS AGREED WITH PANEL THAT ALL PROVIDENT SHAREHOLDERS WILL HAVE RIGHT TO WITHDRAW THEIR ACCEPTANCES UNTIL 5 JUNE 2019.NSF HAD RECEIVED VALID ACCEPTANCES IN RESPECT APPROXIMATELY 53.54% PROVIDENT SHARES AS AT MAY 24.INDEPENDENT SHAREHOLDERS WITH OVER 50% VOTING RIGHTS CAPABLE OF CASTING ON "WHITEWASH" RESOLUTION APPROVE WAIVER OF ANY REQUIREMENT FOR OFFER.INDEPENDENT SHAREHOLDERS WITH OVER 50% VOTING RIGHTS CAPABLE OF CASTING ON "WHITEWASH" RESOLUTION TO VOTE IN FAVOUR OF ANY RESOLUTION AT MEETING.  Full Article

Non-Standard Finance Engaging With Provident Shareholders Yet To Accept Offer
Tuesday, 21 May 2019 

May 21 (Reuters) - Non-Standard Finance PLC ::NON-STANDARD FINANCE PLC - BOARD REMAINS OPTIMISTIC ABOUT FULL YEAR OUTLOOK.NON-STANDARD FINANCE PLC - CONTINUED STRONG LOAN BOOK GROWTH SINCE START OF YEAR.NON-STANDARD FINANCE PLC - FURTHER YEAR-ON-YEAR REDUCTION IN OVERALL RATE OF IMPAIRMENT.NON-STANDARD FINANCE PLC - CONTINUING TO ENGAGE WITH PROVIDENT FINANCIAL SHAREHOLDERS THAT HAVE YET TO ACCEPT OFFER.NON-STANDARD FINANCE PLC - WORKING TOWARDS SATISFYING ALL OF OTHER OUTSTANDING OFFER CONDITIONS FOR PROVIDENT.  Full Article

Schroders still opposes Non-Standard Finance offer for Provident Financial
Monday, 20 May 2019 

May 20 (Reuters) - Provident Financial Plc ::PROVIDENT FIN.PLC. NON-STANDARD FIN - SCHRODERS STATEMENT REGARDING NSF'S OFFER.SAYS PROVIDENT BOARD BELIEVES THAT OFFER IS SIGNIFICANTLY FLAWED AND VALUE DESTRUCTIVE, AND URGES ITS SHAREHOLDERS TO TAKE NO ACTION IN RELATION TO NSF'S OFFER..PROVIDENT WE REMAIN OF VIEW THAT IT IS IN BEST INTERESTS OF THOSE PFG SHAREHOLDERS WHO ARE NOT ALSO SHAREHOLDERS IN NSF TO REJECT NSF OFFER- SCHRODERS.PROVIDENT- IT IS IN BEST INTERESTS OF THOSE PFG SHAREHOLDERS WHO ARE NOT ALSO SHAREHOLDERS IN NSF TO REJECT NSF OFFER- SCHRODERS.  Full Article

Non-Standard Financial Updates On CMA Process For Proposed Provident Takeover
Monday, 13 May 2019 

May 13 (Reuters) - Non-Standard Finance PLC ::NON-STANDARD FIN PROVIDENT FIN.PLC. - STATEMENT ON OFFER FOR PROVIDENT FINANCIAL.NON-STANDARD FINANCE PLC - IN FINAL STAGE OF DISCUSSIONS WITH CMA AS TO WHEN WE CAN MAKE CMA FILING.NSF - BOARD EXPECTS TO BE ABLE TO MAKE CMA FILING SHORTLY, AT WHICH POINT 40 WORKING DAY INITIAL PERIOD FOR CMA'S PHASE I INVESTIGATION WILL COMMENCE.NSF- IF CMA'S APPROVAL NOT BEEN RECEIVED BY STIPULATED DATE WILL HAVE A DECISION AS TO WHETHER OR NOT TO WAIVE CMA CONDITION AND PROCEED TO COMPLETION.NSF - FULLY EXPECT TO REACH AGREEMENT IN PRINCIPLE ON APPROPRIATE REMEDY WITH CMA DURING INITIAL PHASE I REVIEW PROCESS.NSF- IF NSF ELECTS TO PROCEED TO COMPLETION WOULD EXPECT THEN TO BE SUBJECT TO A TEMPORARY 'HOLD SEPARATE' PERIOD.  Full Article

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