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BBA Aviation plc (BBA) Ordinary 29.76p

Sell:300.60p Buy:301.00p 0 Change: 5.60p (1.83%)
FTSE 250:0.26%
Market closed Prices as at close on 11 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

BBA Aviation plc Ordinary 29.76p

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Nov 2019)

The Board of BBA Aviation plc has announced proposals of a reorganisation of the Company's Share Capital and a return of cash to Shareholders.

 

The Company intends to return USD835 million to Shareholders by way of a Special Dividend of USD0.8071 per pre-consolidated Share. Payment of the dividend will be made to shareholders at the close of business on 22 November 2019 and is expected to be paid on or shortly after 13 December 2019.

 

Alongside the return of cash, Shareholders on the same date will have their holding consolidated, receiving 4 new Shares in place of every 5 previously held. The Share Consolidation is designed to maintain the comparability of the Company's Share price before and after the Special Dividend. It is expected that the value of your remaining Shares immediately after the Consolidation, plus the value of your Special Dividend, will be broadly comparable with the value of your Shareholding immediately before the Consolidation.

 

In addition to the Consolidation, the Company is also proposing to change its name to Signature Aviation plc at the same time. The new consolidated Shares are expected on Monday 25 November 2019.

 

The proposals are subject to Shareholder approval at a General Meeting to be held on 22 November 2019. If you wish to vote in respect of the proposals you will need to give us your instruction below before our noon on Tuesday 19 November 2019 deadline.

 

Please note, if the proposals are approved, we will credit the new post-Consolidation Signature Aviation plc Shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 25 November 2019.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by email. Please note that any instruction you give must be based on the full details provided in the email and not on the summary information outlined above. 

×
Sell:300.60p
Buy:301.00p
Change: 5.60p (1.83%)
Market closed Prices as at close on 11 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

BBA Aviation plc Ordinary 29.76p

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Nov 2019)

The Board of BBA Aviation plc has announced proposals of a reorganisation of the Company's Share Capital and a return of cash to Shareholders.

 

The Company intends to return USD835 million to Shareholders by way of a Special Dividend of USD0.8071 per pre-consolidated Share. Payment of the dividend will be made to shareholders at the close of business on 22 November 2019 and is expected to be paid on or shortly after 13 December 2019.

 

Alongside the return of cash, Shareholders on the same date will have their holding consolidated, receiving 4 new Shares in place of every 5 previously held. The Share Consolidation is designed to maintain the comparability of the Company's Share price before and after the Special Dividend. It is expected that the value of your remaining Shares immediately after the Consolidation, plus the value of your Special Dividend, will be broadly comparable with the value of your Shareholding immediately before the Consolidation.

 

In addition to the Consolidation, the Company is also proposing to change its name to Signature Aviation plc at the same time. The new consolidated Shares are expected on Monday 25 November 2019.

 

The proposals are subject to Shareholder approval at a General Meeting to be held on 22 November 2019. If you wish to vote in respect of the proposals you will need to give us your instruction below before our noon on Tuesday 19 November 2019 deadline.

 

Please note, if the proposals are approved, we will credit the new post-Consolidation Signature Aviation plc Shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 25 November 2019.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by email. Please note that any instruction you give must be based on the full details provided in the email and not on the summary information outlined above. 

×
Sell:300.60p
Buy:301.00p
Change: 5.60p (1.83%)
Market closed Prices as at close on 11 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

BBA Aviation plc Ordinary 29.76p

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Nov 2019)

The Board of BBA Aviation plc has announced proposals of a reorganisation of the Company's Share Capital and a return of cash to Shareholders.

 

The Company intends to return USD835 million to Shareholders by way of a Special Dividend of USD0.8071 per pre-consolidated Share. Payment of the dividend will be made to shareholders at the close of business on 22 November 2019 and is expected to be paid on or shortly after 13 December 2019.

 

Alongside the return of cash, Shareholders on the same date will have their holding consolidated, receiving 4 new Shares in place of every 5 previously held. The Share Consolidation is designed to maintain the comparability of the Company's Share price before and after the Special Dividend. It is expected that the value of your remaining Shares immediately after the Consolidation, plus the value of your Special Dividend, will be broadly comparable with the value of your Shareholding immediately before the Consolidation.

 

In addition to the Consolidation, the Company is also proposing to change its name to Signature Aviation plc at the same time. The new consolidated Shares are expected on Monday 25 November 2019.

 

The proposals are subject to Shareholder approval at a General Meeting to be held on 22 November 2019. If you wish to vote in respect of the proposals you will need to give us your instruction below before our noon on Tuesday 19 November 2019 deadline.

 

Please note, if the proposals are approved, we will credit the new post-Consolidation Signature Aviation plc Shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 25 November 2019.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by email. Please note that any instruction you give must be based on the full details provided in the email and not on the summary information outlined above. 

×
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Financial results for the last 5 years

Values are quoted in the stock's local currency: US dollar.

Income Statement: 31/12/2018 31/12/2017 31/12/2016 31/12/2015 31/12/2014
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Revenue: 2,347.30 1,857.30 2,149.10 1,714.00 2,289.80
Operating Profit / (Loss): 223.60 215.70 152.70 103.30 151.70
Net Interest: (66.30) (61.50) (63.90) (35.30) (28.80)
Profit Before Tax: 147.20 157.60 (82.20) 77.40 152.40
Profit after tax from continuing operations: 118.70 118.50 (19.30) 69.70 162.50
Discontinued Operations:   
Profit after tax from discontinuing operations: 19.20 0.80 (79.60) 13.40 n/a
Profit for the period: 137.90 119.30 (98.90) 83.10 162.50
Attributable to:   
Equity holders of parent company: 137.60 119.40 (98.90) 83.20 162.80
Minority Interests / Other Equity: 0.30 (0.10) n/a (0.10) (0.30)
Total Dividend Paid: c n/a c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: 11.50¢ 11.50¢ -1.90¢ 9.80¢ 24.69¢
Diluted: 11.40¢ 11.40¢ -1.90¢ 9.70¢ 24.40¢
Adjusted: 21.00¢ 21.80¢ 19.40¢ 18.00¢ 21.97¢
Dividend per Share: $0.14 $0.13 $0.13 $0.14 $0.16
Balance Sheet: 31/12/2018 31/12/2017 31/12/2016 31/12/2015 31/12/2014
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: 779.90 845.50 875.60 645.00 635.90
Intangible Assets: 2,520.50 2,437.90 2,492.20 1,155.80 1,151.60
Investment Properties: n/a n/a n/a n/a n/a
Investments: 53.50 41.40 40.10 12.00 7.40
Other Financial Assets: n/a n/a n/a n/a n/a
Other Non-Current Assets: 18.80 20.20 19.60 30.30 38.60
  3,372.70 3,345.00 3,427.50 1,843.10 1,833.50
Current Assets:   
Inventories: 120.30 249.90 235.80 221.30 204.30
Trade and Other Receivables: 261.30 322.10 296.80 341.70 385.30
Cash at Bank & In Hand: 109.30 153.50 182.50 966.40 166.30
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: 407.60 n/a 269.10 2.00 6.50
  898.50 725.50 984.20 1,531.40 762.40
Other Assets: n/a n/a n/a n/a n/a
Total Assets: 4,271.20 4,070.50 4,411.70 3,374.50 2,595.90
Liabilities:   
Current Liabilities:   
Borrowings: 2.60 124.40 1.20 12.30 20.40
Other Current Liabilities: 648.80 566.20 696.90 505.90 543.30
  651.40 690.60 698.10 518.20 563.70
Net Current Assets: c n/a c n/a c n/a c n/a c n/a
Non-Current Liabilities:   
Borrowings: 1,439.80 1,199.70 1,548.20 511.10 778.40
Provisions: 200.00 174.40 160.00 113.60 99.50
Other Non-Current Liabilities: 35.80 72.60 86.80 63.20 75.30
  1,675.60 1,446.70 1,795.00 687.90 953.20
Other Liabilities: n/a n/a n/a n/a n/a
Total Liabilities: 2,327.00 2,137.30 2,493.10 1,206.10 1,516.90
Net Assets: 1,944.20 1,933.20 1,918.60 2,168.40 1,079.00
Capital & reserves:   
Share Capital: 509.30 509.00 508.70 508.50 252.30
Share Premium Account: 1,594.50 1,594.50 1,594.50 1,594.40 733.10
Other Reserves: (152.00) (121.70) (134.00) (137.90) (95.80)
Retained Earnings: (9.90) (50.10) (52.20) 208.20 194.40
Shareholders Funds: 1,941.90 1,931.70 1,917.00 2,173.20 1,084.00
Minority Interests / Other Equity: 2.30 1.50 1.60 (4.80) (5.00)
Total Equity: 1,944.20 1,933.20 1,918.60 2,168.40 1,079.00

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Financials provided by Digital Look Ltd.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.