Proactiveinvestors United Kingdom A&J Mucklow Group PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom A&J Mucklow Group PLC RSS feed en Fri, 24 May 2019 12:58:38 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Form 8.3 - A&J Mucklow Group plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524121120_14087166/ Fri, 24 May 2019 12:11:20 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524121120_14087166/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - LondonMetric Property Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524120004_14087137/ Fri, 24 May 2019 12:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524120004_14087137/ <![CDATA[RNS press release - Form 8.5 (EPT/NON-RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524115502_14087102/ Fri, 24 May 2019 11:55:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524115502_14087102/ <![CDATA[RNS press release - Form 8.3 - A&J Mucklow Group plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524114313_14087062/ Fri, 24 May 2019 11:43:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524114313_14087062/ <![CDATA[RNS press release - Form 8.5 (EPT/RI)- A&J Mucklow Group plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524112452_14087003/ Fri, 24 May 2019 11:24:52 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524112452_14087003/ <![CDATA[RNS press release - Form 8.3 - [MUCKLOW (A & J) GROUP PLC] ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524105744_14086958/ Fri, 24 May 2019 10:57:44 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524105744_14086958/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - A&J Mucklow Group Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524082630_14086587/ Fri, 24 May 2019 08:26:30 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190524082630_14086587/ <![CDATA[RNS press release - Chelverton UK Dividend Trust plc - Form 8.3 - A&J Mucklow Group plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/PRNRNS_201905231100PR_NEWS_UKDISCLO_0085/ Thu, 23 May 2019 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/PRNRNS_201905231100PR_NEWS_UKDISCLO_0085/ <![CDATA[RNS press release - Form 8.3 - A&J Mucklow Group Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523153647_14085701/ Thu, 23 May 2019 15:36:47 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523153647_14085701/ <![CDATA[RNS press release - Form 8.3 - LondonMetric Property Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523153358_14085696/ Thu, 23 May 2019 15:33:58 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523153358_14085696/ <![CDATA[RNS press release - Form 8.3 - LondonMetric Property plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523152515_14085688/ Thu, 23 May 2019 15:25:15 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523152515_14085688/ <![CDATA[RNS press release - Form 8.3 - A&J Mucklow Group Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/BWIPREM_20190523005474/ Thu, 23 May 2019 15:16:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/BWIPREM_20190523005474/ <![CDATA[RNS press release - Form 8.3 - A&J Mucklow Group plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523151005_14085658/ Thu, 23 May 2019 15:10:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523151005_14085658/ <![CDATA[News - A & J Mucklow succumbs to £415mln offer from LondonMetric ]]> https://www.proactiveinvestors.co.uk/companies/news/220844/a--j-mucklow-succumbs-to-415mln-offer-from-londonmetric-220844.html Shares in A & J Mucklow Group PLC (LON:MKLW) soared after the board recommended a shares plus cash offer from LondonMetric Property PLC (LON:LMP).

Mucklow shares rose 19% to 650p after LondonMetric revealed it had made a recommended offer worth around 655.2p a share, valuing its fellow property group at around £415mln.

READ A&J Mucklow looking for CEO as executive chairman steps back; first-half profits fall

LondonMetric is offering 2.19 of its shares plus 204.5p in cash for every Mucklow share.

The takeover, if approved, will be effected by a scheme of arrangement. Shareholders representing around 39.4% of the entire issued share capital of Mucklow have indicated they will vote in favour of the takeover.

"The combination of their assets, of which approximately 70% is in distribution and industrial property, is consistent with our strategy of increasing our urban logistics exposure,” declared Patrick Vaughan, the chairman of LondonMetric.

“The combination has compelling strategic and portfolio rationale with strong operational and financial benefits. I am delighted to say that we think this deal will be immediately earnings enhancing for shareholders. There will be work to do, but we are excited by the reversionary and asset management potential of their assets which will underpin and further support our progressive dividend policy," he added,

Rupert Mucklow, the chairman of the family firm who has been filling in as chief executive as well, said he was confident that LondonMetric is the right fit for Mucklow.

“The combination recognises the value of the Mucklow portfolio and resolves the uncertainty around succession planning. I am excited about the future for the combined group as a more resilient and diversified UK-REIT," Mucklow said.

Shares in LondonMetric were up 0.4% at 206.6p.

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Thu, 23 May 2019 08:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220844/a--j-mucklow-succumbs-to-415mln-offer-from-londonmetric-220844.html
<![CDATA[RNS press release - Recommended Cash and Share Offer for A&J Mucklow ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523070013_14084427/ Thu, 23 May 2019 07:00:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190523070013_14084427/ <![CDATA[RNS press release - Doc re. Half Yearly Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190301140135_13987653/ Fri, 01 Mar 2019 14:01:35 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190301140135_13987653/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190226155942_13982520/ Tue, 26 Feb 2019 15:59:42 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190226155942_13982520/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190221100234_13977168/ Thu, 21 Feb 2019 10:02:34 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190221100234_13977168/ <![CDATA[News - Mucklow looking for CEO as executive chairman steps back; first half profits fall ]]> https://www.proactiveinvestors.co.uk/companies/news/214446/mucklow-looking-for-ceo-as-executive-chairman-steps-back-first-half-profits-fall-214446.html A&J Mucklow Group PLC (LON:MKLW) shares slipped on Tuesday as the property firm accompanied its first-half results with the news that it is looking for a chief executive officer (CEO) with Rupert Mucklow, currently executive chairman, looking to step back.

The company said Mucklow, who has been an executive director for 24 years, will also take on the role of managing director following the departure of Justin Parker until a CEO is appointed.

In its results for the six months ended 31 December 2018, the London main market listed company reported a statutory pre-tax profit of £17.2m including a revaluation surplus of £8.7m.

This was lower than the statutory pre-tax profit of £29.9m posted for the six months ended in December 2017, when a revaluation surplus of £14.1m and a profit on disposal of investment properties of £7.7m were also included.

The underlying pre-tax profit, which excludes revaluation movements and profit on the sale of investment and trading properties, was £0.5m higher at £8.5m (31 December 2017: £8.0m). The EPRA net asset value per ordinary share increased by 13p to 572p (30 June 2018: 559p).

The company, which focuses on industrial and commercial property in the Midlands recorded an occupancy rate of 97.6% over the reporting period.

“Occupancy levels have remained high and our rent roll has continued to grow, mainly on the back of reletting space and achieving higher rental levels, particularly from our industrial and logistics properties. This has resulted in further improvements in underlying pre-tax profit and net asset value per share,” commented Mucklow.

The company said it will pay an interim dividend of 10.48p per ordinary share, an increase of 3% over last year‘s 10.18p.

Mucklow shares were down 0.2% at 504p in early trading.

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Tue, 12 Feb 2019 10:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214446/mucklow-looking-for-ceo-as-executive-chairman-steps-back-first-half-profits-fall-214446.html
<![CDATA[RNS press release - Half-year Report - six months to 31.12.18 ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190212070006_13965643/ Tue, 12 Feb 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190212070006_13965643/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190110122147_13930729/ Thu, 10 Jan 2019 12:21:47 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20190110122147_13930729/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181123100750_13878516/ Fri, 23 Nov 2018 10:07:50 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181123100750_13878516/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181113155323_13865522/ Tue, 13 Nov 2018 15:53:23 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181113155323_13865522/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181113070005_13864163/ Tue, 13 Nov 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181113070005_13864163/ <![CDATA[RNS press release - Board Changes ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181105090435_13854794/ Mon, 05 Nov 2018 09:04:35 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181105090435_13854794/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181010123822_13823632/ Wed, 10 Oct 2018 12:38:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181010123822_13823632/ <![CDATA[RNS press release - Annual Financial Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181004162801_13817243/ Thu, 04 Oct 2018 16:28:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181004162801_13817243/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181001114205_13811243/ Mon, 01 Oct 2018 11:42:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20181001114205_13811243/ <![CDATA[RNS press release - Preliminary Results Announcement ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180904070011_13777451/ Tue, 04 Sep 2018 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180904070011_13777451/ <![CDATA[RNS press release - Doc re. Board Changes ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180820115830_13761452/ Mon, 20 Aug 2018 11:58:30 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180820115830_13761452/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180725095934_13730719/ Wed, 25 Jul 2018 09:59:34 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180725095934_13730719/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180525090552_13655575/ Fri, 25 May 2018 09:05:52 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180525090552_13655575/ <![CDATA[RNS press release - Doc re. Half Yearly Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180302103021_13552732/ Fri, 02 Mar 2018 10:30:21 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180302103021_13552732/ <![CDATA[RNS press release - Half-yearly Report - six months ended 31.12.17 ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180213070003_13530579/ Tue, 13 Feb 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180213070003_13530579/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180111161545_13493717/ Thu, 11 Jan 2018 16:15:45 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20180111161545_13493717/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171221122735_13474570/ Thu, 21 Dec 2017 12:27:35 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171221122735_13474570/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171121163254_13439470/ Tue, 21 Nov 2017 16:32:54 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171121163254_13439470/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171114155753_13431436/ Tue, 14 Nov 2017 15:57:53 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171114155753_13431436/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171114070002_13430092/ Tue, 14 Nov 2017 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171114070002_13430092/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171109151156_13426654/ Thu, 09 Nov 2017 15:11:56 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171109151156_13426654/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171102100614_13418184/ Thu, 02 Nov 2017 10:06:14 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171102100614_13418184/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171030162631_13413691/ Mon, 30 Oct 2017 16:26:31 +0000 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171030162631_13413691/ <![CDATA[RNS press release - Disposal ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171020105406_13403885/ Fri, 20 Oct 2017 10:54:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171020105406_13403885/ <![CDATA[RNS press release - Annual Financial Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171006120410_13389011/ Fri, 06 Oct 2017 12:04:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20171006120410_13389011/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170921070002_13370098/ Thu, 21 Sep 2017 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170921070002_13370098/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170908170045_13357273/ Fri, 08 Sep 2017 17:00:45 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170908170045_13357273/ <![CDATA[RNS press release - Preliminary results - year ended 30 June 2017 ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170905070002_13351573/ Tue, 05 Sep 2017 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170905070002_13351573/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170710121858_13289593/ Mon, 10 Jul 2017 12:18:58 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170710121858_13289593/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170517115809_13229016/ Wed, 17 May 2017 11:58:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/17586/LSE20170517115809_13229016/