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DS Smith PLC (SMDS.L)

SMDS.L on London Stock Exchange

342.30GBp
22 Mar 2019
Change (% chg)

-14.90 (-4.17%)
Prev Close
357.20
Open
358.10
Day's High
359.00
Day's Low
341.90
Volume
5,392,666
Avg. Vol
5,511,770
52-wk High
542.45
52-wk Low
285.83

Latest Key Developments (Source: Significant Developments)

DS Smith To Sell Plastics Division For $585 Mln
Wednesday, 6 Mar 2019 

March 6 (Reuters) - DS Smith PLC ::SALE OF PLASTICS DIVISION AND TRADING UPDATE.PROPOSED DEAL FOR $585 MILLION.EXPECT NET CASH PROCEEDS AFTER TAXATION, TRANSACTION ADJUSTMENTS AND EXPENSES OF APPROXIMATELY £400MILLION..REACHED AGREEMENT TO SELL PLASTICS DIVISION TO OLYMPUS PARTNERS.US BUSINESS CONTINUES TO PERFORM WELL WITH STRONG MARGINS AND RETURNS AHEAD OF ACQUISITION CASE.SALE IS EXPECTED TO RESULT IN A SUBSTANTIAL EXCEPTIONAL GAIN AND BE MARGINALLY EPS DILUTIVE.IN PERIOD SINCE 1 NOVEMBER 2018, TRADING HAS CONTINUED TO BE STRONG, IN LINE WITH OUR EXPECTATIONS.CHRISTMAS PERIOD ESPECIALLY BUSY FOR E-COMMERCE FOCUSSED CUSTOMERS WITH SECTOR LEADING OFFERING SUPPORTING CUSTOMERS.IN US BUSINESS, GROUP MARGINS ARE EXPECTED TO PROGRESS FURTHER IN SECOND HALF OF FINANCIAL YEAR.CASH PROCEEDS EXPECTED TO BE USED TO REDUCE FINANCIAL GEARING OF CO, IN LINE WITH MEDIUM-TERM TARGET OF NET DEBT/EBITDA AT OR BELOW 2.0X.  Full Article

Regulator To Suspend Trading On Europac Shares Until Exclusion From Trading
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Papeles y Cartones de Europa ::MARKET REGULATOR CNMV TO SUSPEND TRADING ON SHARES OF PAPELES Y CARTONES DE EUROPA WITH EFFECT FROM MARKET CLOSE ON FEB. 6.SUSPENSION WILL REMAIN EFFECTIVE UNTIL EXCLUSION FROM TRADING OF SHARES OF EUROPAC.  Full Article

DS Smith Says Conditions To Purchase Remaining Europac Shares Have Been Met
Friday, 25 Jan 2019 

Jan 25 (Reuters) - DS Smith PLC ::SMITH (DS) PLC - DS SMITH - EUROPAC OFFER UPDATE.DS SMITH PLC - CONDITIONS FOR DS SMITH PURCHASING REMAINING SHARES ON A COMPULSORY BASIS HAVE BEEN MET.DS SMITH - EXPECTS TO ACQUIRE OUTSTANDING 1.17% OF SHARE CAPITAL AND FOR EUROPAC TO BE DE-LISTED FROM SPANISH STOCK EXCHANGES BY END OF FEBRUARY 2019.  Full Article

DS Smith Sets Squeeze Out Date For Europac To Feb. 15
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - DS Smith Plc ::SETS SQUEEZE OUT DATE FOR EUROPAC <<>> TO FEB. 15.  Full Article

Europac Appoints Miles Roberts As New Chairman
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Europac ::CHAIRMAN JOSE MIGUEL ISIDRO RINCON RESIGNS.TO NAME MILES ROBERTS AS NEW CHAIRMAN.  Full Article

DS Smith Receives Acceptances Representing 98.8 Pct Of Europac's Total Share Capital
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - DS Smith PLC ::EUROPAC RESULT OF FINAL OFFER.FINAL CONDITION OF DS SMITH'S PROPOSED ACQUISITION OF EUROPAC HAS BEEN SATISFIED.NOTES BOARD OF SPANISH SECURITIES MARKET COMMISSION ANNOUNCED RESULT OF TENDER OFFER BY CO TO EUROPAC SHAREHOLDERS.ACCEPTANCES REPRESENTING 98.8% OF TOTAL SHARE CAPITAL OF EUROPAC HAVE BEEN RECEIVED BY DS SMITH.COMPLETION OF ACQUISITION EXPECTED TO TAKE PLACE AROUND 22 JANUARY.  Full Article

DS Smith Bid For Europac Accepted By 98.83 Pct Of Shares - CNMV
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Comision Nacional del Mercado de Valores (CNMV)::DS SMITH <<>> BID FOR EUROPAC <<>> ACCEPTED BY 98.83 PERCENT OF SHARES TO WHICH BID WAS ADDRESSED.  Full Article

DS Smith Extends Acceptance Period For Europac Bid To Jan. 11
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - DS Smith ::EXTENDS ACCEPTANCE PERIOD FOR EUROPAC <<>> TO JAN. 11, 2019.  Full Article

DS Smith Explores Sale of Plastics Division; HY Profit Rises
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - DS Smith PLC ::DS SMITH PLC -HY REPORTED REVENUE £3,073M +15%.DS SMITH PLC - HY ADJUSTED OPERATING PROFIT £304M +32%.DS SMITH PLC - HY PROFIT BEFORE TAX £162M +27%.DS SMITH PLC - INTERIM DIVIDEND PER SHARE 5.2P +14%.DS SMITH PLC - OUTLOOK REMAINS POSITIVE AS WE BEGIN OUR SECOND HALF WITH GOOD MOMENTUM.DS SMITH PLC - RECOVERY OF PAPER PRICE INCREASES THAT HAS BEEN ONGOING OVER PAST 12 - 18 MONTHS IS NOW COMPLETED.DS SMITH - HAS CONCLUDED THAT IT IS AN ATTRACTIVE ASSET WITH GOOD GROWTH PROSPECTS, AND NOW EXPLORING OPPORTUNITIES FOR A POTENTIAL SALE OF DIVISION.DS SMITH PLC - AS SUCH, PLASTICS DIVISION IS NOW BEING TREATED AS DISCONTINUED.  Full Article

DS Smith Confirms Underwriters Procured Subscribers For New Ordinary Shares
Wednesday, 25 Jul 2018 

July 25 (Reuters) - DS Smith PLC ::CONFIRMS UNDERWRITERS PROCURED SUBSCRIBERS FOR ALL 10.2 MILLION NEW ORDINARY SHARES FOR WHICH VALID ACCEPTANCES WERE NOT RECEIVED AT 500P/SHARE.  Full Article

RPT-German stocks - Factors to watch on March 15

BERLIN/FRANKFURT, March 15 The following are some of the factors that may move German stocks on Friday: