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SIG PLC (SHI.L)

SHI.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SIG CEO Says UK Suppliers Stockpiling Raw Materials Ahead Of Brexit
Friday, 21 Sep 2018 

Sept 21 (Reuters) - SIG PLC ::SIG PLC CEO SAYS SUPPLIERS IN THE UK ARE STOCKPILING RAW MATERIALS AHEAD OF BREXIT.  Full Article

SIG PLC Posts HY Underlying Pretax Profit Of 26.9 Mln Stg
Friday, 21 Sep 2018 

Sept 21 (Reuters) - SIG PLC ::H1 REVENUE FELL 4 PERCENT TO 1.382 BILLION STG.HY UNDERLYING PRE-TAX PROFIT 26.9 MILLION STG VERSUS 34.4 MILLION STG LAST YEAR.DIVIDEND PER SHARE 1.25P VERSUS 1.25P LAST YEAR.HY PRE-TAX PROFIT 19.9 MILLION STG VERSUS LOSS OF 10.7 MILLION STG LAST YEAR.FIRST HALF DID NOT PROVIDE TRADING BACKDROP WE WANTED, WITH SIGNIFICANT CHALLENGES IN UK MARKET AS A RESULT OF POOR WEATHER.TRADING ENVIRONMENT ACROSS MAINLAND EUROPE AND IRELAND HAS BEEN POSITIVE IN HY.REMAIN OPTIMISTIC OF DELIVERING A FULL YEAR RESULT IN LINE WITH OUR EXPECTATIONS.SALES IN UK & IRELAND DECLINED BY 2.3% ON A LIKE-FOR-LIKE BASIS IN HY.  Full Article

SIG to issue 44,700 new shares through private placement
Wednesday, 11 Jul 2018 

July 11(Reuters) - SIG Co Ltd <4386.T>:Says it will issue 44,700 new shares through private placement to Okasan Securities Co., Ltd., with subscribe date on July 13 and payment date on July 17 .Okasan Securities Co Ltd will pay 82.2 million yen in total to co.  Full Article

SIG Plc Appoints Alan Lovell And Cyrille Ragoucy As Non-Executive Directors
Wednesday, 4 Jul 2018 

July 4 (Reuters) - SIG PLC ::DIRECTORATE CHANGE.ALAN LOVELL AND CYRILLE RAGOUCY HAVE BEEN APPOINTED NON-EXECUTIVE DIRECTORS OF COMPANY WITH EFFECT FROM 1 AUGUST 2018.COMPANY CONFIRMS THAT MEL EWELL WILL RETIRE AS A NON-EXECUTIVE DIRECTOR OF BOARD WITH EFFECT FROM 31 JULY 2018.  Full Article

UK Building Distributor SIG Appoints Ernst & Young As External Auditor
Wednesday, 4 Jul 2018 

July 4 (Reuters) - SIG PLC ::TRADING UPDATE AND APPOINTMENT OF EXTERNAL AUDITOR.SIG PLC - BOARD EXPECTATIONS FOR 2018 REMAIN UNCHANGED.SIG PLC - ANNOUNCES APPOINTMENT OF ERNST & YOUNG LLP AS ITS EXTERNAL AUDITOR.SIG PLC - HY GROUP REVENUES FROM CONTINUING OPERATIONS OVER PERIOD INCREASED BY 0.6%.SIG PLC - GROUP LIKE-FOR-LIKE ("LFL") REVENUES FOR FIRST HALF OF YEAR WERE IN LINE WITH PRIOR YEAR.SIG - PROVIDING THERE IS NO FURTHER DETERIORATION IN UK MARKET CONDITIONS, EXPECTATIONS FOR UNDERLYING PROFITABILITY FOR FULL YEAR REMAIN UNCHANGED.SIG PLC - EXTENDING ITS USUAL INTERIM REPORTING TIMETABLE AND WILL ANNOUNCE ITS INTERIM RESULTS FOR HALF YEAR ENDED 30 JUNE 2018 ON FRIDAY 21 SEPT.SIG PLC - COST BENEFITS COUPLED WITH GROUP'S NORMAL SEASONALITY, SHOULD ENABLE US TO DELIVER A SIGNIFICANTLY STRONGER SECOND HALF TO YEAR.  Full Article

Sig Says Sale Of VJ Technology for 29.7 Mln Stg
Tuesday, 26 Jun 2018 

June 26 (Reuters) - SIG PLC ::DISPOSAL OF VJ TECHNOLOGY.DEAL CONSIDERATION FROM SALE IS EXPECTED TO BE C.£29.7M.PROCEEDS WILL REDUCE NET DEBT.AGREED TO SELL VJ TECHNOLOGY TO PRIMARY CAPITAL, A UK PRIVATE EQUITY INVESTMENT FIRM, FOLLOWING A COMPETITIVE DISPOSAL PROCESS.GROUP REMAINS CONFIDENT OF MEETING ITS HEADLINE FINANCIAL LEVERAGE TARGET OF 1.0 - 1.5X FOR CURRENT FINANCIAL YEAR.PROFITS OF VJT EXCLUDED FROM UNDERLYING OPERATIONS; NO IMPACT ON GROUP'S EXPECTATIONS FOR CURRENT YEAR UNDERLYING PROFIT.  Full Article

Kames Capital Cuts Stake In SIG To 2.41 Pct - Filing
Monday, 4 Jun 2018 

June 4 (Reuters) - SIG PLC ::KAMES CAPITAL CUTS STAKE IN SIG PLC TO 2.41 PERCENT FROM 3.95 PERCENT EARLIER - FILING.  Full Article

SIG Plc says Board Expectations for 2018 Remain Unchanged
Thursday, 10 May 2018 

May 10 (Reuters) - SIG PLC ::ISSUES A TRADING UPDATE FOR 1 JANUARY TO 30 APRIL 2018 , IN ADVANCE OF ITS ANNUAL GENERAL MEETING.BOARD EXPECTATIONS FOR 2018 REMAIN UNCHANGED.GROUP REVENUES FROM CONTINUING OPERATIONS OVER PERIOD FOR JAN 1 TO 30 APRIL 2018 INCREASED BY 2.2%.CONTINUED CONFIDENCE IN TRADING CONDITIONS ACROSS MAINLAND EUROPE AND IRELAND BUT ONGOING CHALLENGES IN PARTS OF UK CONSTRUCTION SECTOR.CONTINUE TO PROGRESS PLANS TO DELIVER SIGNIFICANT IMPROVEMENT IN OPERATIONAL AND UNDERLYING FINANCIAL PERFORMANCE.EXPECT STRONGER SECOND HALF TO YEAR, REFLECTING BOTH NORMAL SEASONALITY AND BENEFIT OF ONGOING COST AND MARGIN ACTIONS COMING THROUGH IN H2.  Full Article

SIG Plc says group like-for-like revenues for 2017 were ahead by 4.0 pct
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - SIG Plc ::TRADING UPDATE AND CHAIR OF REMUNERATION COMMITTEE.GROUP REVENUE FROM CONTINUING OPERATIONS FOR 2017 INCREASED BY 7.5% TO C. £2.8BN.GROUP LIKE-FOR- LIKE ("LFL") REVENUES FOR 2017 WERE AHEAD BY 4.0%, IN LINE WITH OUR EXPECTATIONS.TRADING CONDITIONS IN CONSTRUCTION MARKETS ACROSS MAINLAND EUROPE CONTINUED TO SHOW SIGNS OF IMPROVEMENT.IMPROVEMENT IN CONFIDENCE IN MAINLAND EUROPEAN MARKETS CONTINUES TO MITIGATE A WEAKER SECOND HALF MARGIN PERFORMANCE IN UK.OVERALL EXPECTATIONS FOR UNDERLYING PROFITABILITY FOR FULL YEAR REMAIN UNCHANGED.LFL REVENUES WERE UP BY 2.1% IN UK & IRELAND DURING 2017.HAS INITIATED A RIGOROUS REVIEW OF CONTROLS AROUND CHEQUE ISSUANCE AND WILL PROVIDE A FURTHER UPDATE AT TIME OF ITS FULL YEAR RESULTS.CONTINUES TO TARGET A 1.0-1.5X LEVERAGE RANGE DURING 2018 AND IS AIMING TO MAINTAIN LEVERAGE BELOW 1.0X OVER MEDIUM TERM.IS ANTICIPATING HEADLINE FINANCIAL LEVERAGE OF C.1.9X AT 31 DECEMBER 2017.  Full Article

SIG ‍Plc appoints Andrew Allner as a non-executive director and chairman
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - SIG Plc :‍ANDREW ALLNER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN WITH EFFECT FROM 1 NOVEMBER 2017​.NAMED ANDREW ALLNER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN WITH EFFECT FROM 1 NOVEMBER 2017​.  Full Article

UPDATE 2-SIG seeing some signs of suppliers stockpiling -CEO

* SIG highly dependent on suppliers of raw material- CEO (Recasts with CEO comments)