Shareholder Services; FAQs & Contacts; AGM 2021; . SAGKF Equity-to-Asset as of today (May 07, 2022) is 0.08. Stagecoach Group is not owned by hedge funds. NEG also intends to continue using the Stagecoach brand. National Express Group PLC (LSE:NEX) entered into an agreement to acquire Stagecoach Group plc (LSE:SGC) from a group of shareholders for approximately £470 Million on December 14, 2021. The main points of the return of cash are set out below One-off Return of Cash of approximately £340m to shareholders In depth view into Stagecoach Group Equity-to-Asset explanation, calculation, historical data and more Shareholder information on the . National Express has urged Stagecoach shareholders to back its merger offer over a rival takeover bid from DWS, which the board said 'materially undervalues' the firm. 12/14/2021 EDT Send by mail : Return of Cash On 7 October 2011, a general meeting of the shareholders of Stagecoach Group plc approved proposals to return approximately £340m to its shareholders. Some shareholders have asked for more information on the tax implications of the Return of Cash in 2011, the Return of Value in 2007 and the Return of Capital in 2004. Stagecoach had agreed to the National Express all . Stagecoach shareholders will own approximately 25%. DWS Infrastructure is building a transportation business and has invested in . Under the deal, National Express shareholders would own about 75% of the combined group and Stagecoach 25%. (if applicable) US 4. The Company is principally engaged in the sale and operation of passenger transport. National Express' takeover of rival Stagecoach has been gazumped by a Germanasset management. A £595 million approach tabled today by DWS Infrastructure, part of German asset management firm the DWS Group, is driving the proposed £1.9 billion merger off the road. The lawsuit names Netflix, co-CEOs Reed Hastings and Ted Sarandos, and CFO Spencer Neumann as defendants. The merger, which will be voted on by shareholders, values Perth-based Stagecoach at around £437million. Sign your name in Box 2. The Stagecoach Directors have decided unanimously to withdraw their recommendation for the National Express (NEX.L) offer and intend to recommend unanimously the offer to Stagecoach shareholders . . Under the terms of the transaction, National Express Group will issue 0.36 New National Express Shares in exchange for each Stagecoach Share. Stagecoach Chief Executive Martin Griffiths said the DWS deal "will open a new and exciting chapter". Complete Box 1 by writing in the number of Stagecoach Shares for which you would like to accept the Offer. The outlook remains unchanged at ratings under review.This rating action follows Stagecoach's announcement on 9 March 2022 that its Board has recommended that its shareholders accept an all-cash . More Ground Transport Source link Stagecoach said the £594.9m cash offer will offer investors a 37.2 premium on the 76.55p closing price on 8 March. Stagecoach Group plc has issued its interim results for the six months ended 30 October 2021. "We also believe it will deliver positive outcomes both now and in the long-term for all of our key stakeholders: the . AN unexpected development in the Stagecoach takeover story has emerged, and it could spell good news for Scotland as well as shareholders in the transport giant.. Stagecoach Group plc is a United Kingdom-based transport company. Stagecoach Group plc. Go Behind-the-Scenes at Stagecoach 2022. . The disposal reduced the overall number of shares held by Sir Brian Souter . 3 / 29. . Stagecoach Group (LON:SGC) Share Price Passes Above 200 Day Moving Average of $85.26. Stagecoach, which was founded by brother-and-sister Ann Gloag and Brian Souter, a former SNP donor, said the CMA's decision to step in will delay the planned sale of parts of its inter-city coach businesses to ComfortDelGro Corporation Limited. Issuer Details ISIN GB00B6YTLS95 Issuer Name STAGECOACH GROUP PLC UK or Non-UK Issuer UK 2. . Pan-European Infrastructure III said cash payable to StageCoach shareholders would be financed through equity capital. The move will also see Stagecoach sell its 35% interest in Scottish Citylink, the marketing, retail and customer service activities of Megabus UK and the Falcon South . Stagecoach said the £594.9m cash offer will offer investors a. Tuesday 14 December 2021 11:11. That would value the Perth-based group at . In a letter . In that sense, it can be argued that the DWS bid is on the cheap. Under the terms of the tie-up, National Express shareholders would own around 75% of the combined group and Stagecoach shareholders around 25%. NEW YORK (Reuters) - Gaming equipment company Turtle Beach Corp on Thursday said it is exploring a sales process as it considers ways to maximize value for shareholders. The Stagecoach board confirmed that it no "longer [intends] to recommend the . Tax Information. Shareholder enquiries Link Group Stagecoach Group Share Register 10th Floor Central Square 29 Wellington Street Leeds LS1 4DL Telephone: +44 (0)371 664 0443 (Calls are charged at the standard geographic rate and will vary by provider. DWS Infrastructure's third pan-European infrastructure fund PEIF III is offering 105 pence in cash for each Stagecoach share, an offer which represents a 37.2% premium the London-listed transport company's last closing price of 76.55 pence. National Express and rival Stagecoach have sealed an all-share deal that will forge a £1.9bn transport operating group. Calls from outside the UK will be charged at the applicable international rate. "The National Express board believes the combination provides Stagecoach shareholders with the opportunity to participate fully in the exciting future of the industry and the compelling growth and. Stagecoach's commercial revenues are now back at 40% of their pre-Covid level. The fate of Stagecoach now rests in the hands of its shareholders and whether they decide to accept the DWS offer by the deadline of 21 May. Shareholder Breakdown; Share Price Calculator; Dividend Calculator; Total Return Calculator; Interactive factsheet; Shareholder Breakdown Analysis of shareholders at 1 May 2021. . About 50 roles are expected to be cut under plans to slash annual costs by at least £45m . The deal, which has still to be voted on by shareholders, valued Stagecoach at some £437 million. According to the terms of the deal, National Express shareholders will own approximately 75% of the combined group and Stagecoach shareholders the remaining 25%. About 20 climate activists were arrested Monday during a protest at the Wells Fargo corporate headquarters in San Francisco. "In deciding to unanimously recommend the offer, the Stagecoach directors consider that the . On Wednesday 8 March, Stagecoach announced that it recommending to its shareholders to accept a cash offer of £594.9m from Inframobility UK Bidco Limited, a company indirectly wholly owned by Pan-European Infrastructure III, an infrastructure fund managed and advised by DWS Infrastructure. NEX's CEO, Ignacio Garat, will keep his gig. Dividends have been really beneficial for Stagecoach Group shareholders, and that cash payout explains why its total shareholder loss of 84%, over the last 5 years, isn't as bad as the share price . It had seemed that the company . If the alternative deal with DWS proceeds instead, it is expected to complete during the first half of 2022 . Transport group Stagecoach has ditched its backing of a £1.9bn merger with National Express and agreed to a higher rival £595m takeover. Shareholder information on the base cost allocation for UK capital gains tax regarding the 2011 Return of Cash is available here. A £ . DWS is a long-term infrastructure investor which says . By Svea Herbst-Bayliss. Over two weeks remain until the deadline for Stagecoach shareholders to confirm their acceptance of the bid, which is 1300hrs on Saturday 21 May. National Express made its approach 12 years after it spurned the offer of a £1.7bn merger from Stagecoach. Shares in Stagecoach ended 36% up on the day despite the verdict, with shareholders set to profit from the DWS bid replacing the all-share deal apparently sealed in December, that would have. The price is a 37% premium to Stagecoach's closing share price of 76.55 . Registered Office: 10 Dunkeld Road, Perth PH1 5TW, Scotland, Registered in Scotland. Last week National Express's £470million bid was gatecrashed by the German investment firm, which offered £595million. National Express has urged Stagecoach shareholders to back its merger offer over a rival takeover bid from DWS, which the board said 'materially undervalues' the firm. March 29, 2022 | americanbankingnews.com. It seeks damages for investors who traded Netflix shares between Oct. 19, 2021 and April . So existing Stagecoach shareholders would have had the option to keep holding shares in the combined company in the hope of future business recovery. Is the DWS Infrastructure bid on the cheap? That will leave them owning a quarter of the new company. The deal requires the support of shareholders with 75 per cent of the company's stock. If you leave the box blank, you will be deemed to have accepted the Offer for all of your Stagecoach Shares that you hold and they will all be sold to PEIF III Bidco if the offer is declared unconditional. The new bid at 105p a share has been unanimously approved by the Stagecoach board, which withdrew support for the National . The merger will see the two travel giants create a company worth around £1.9bn based on their current market capitalisations. DWS will offer Stagecoach shareholders 105 pence in cash, which is a 37% premium to its closing price on Tuesday. Stagecoach Group Plc -- Moody's places Stagecoach's Baa3 ratings on review. The proposal, which will be voted on by shareholders, values Perth-based Stagecoach at . An affiliate of DWS Infrastructure, advised by Freshfields, will buy Herbert Smith-led Scottish transport group Stagecoach for about £594.9 million ($784 million), the companies said Wednesday . Three-quarters . Each Stagecoach Shareholder is urged to consult their independent professional adviser immediately regarding the tax consequences of acceptance of the Offer. GERMAN asset manager DWS yesterday published its final offer to Stagecoach, giving the company's shareholders until 21 May to accept it. and NEG shareholders will own approximately 75% of the combined group. The Company operates through three segments: UK Bus (regional operations), UK Bus (London) and UK Rail. March 17, 2022 | proactiveinvestors.com.au. Stagecoach shareholders will receive 0.36 new National Express shares for each Stagecoach share, handing them about 25 per cent of the combined company. Under the terms of the tie-up, National Express shareholders would own around 75% of the combined group and Stagecoach shareholders around 25%. Stagecoach's board and Gloag, another major shareholder, have now all . The Stagecoach share price soared 37% this morning, to sit around the £1.05 per share price of the new bid. Stagecoach has notified that connected parties of Sir Brian Souter, Non-Executive Director, and his sister, Dame Ann Gloag have disposed of 11,568,454 ordinary shares in the company to institutional shareholders, representing 2.1% of the company's issued share capital. Last week National Express's . The firm is recommending an acquisition by investor DWS. PEIF III Bidco is pleased to announce that, as at 3.00 p.m. on 3 May 2022, valid acceptances of the Offer had been received in respect of 71,861,136 Stagecoach Shares, representing approximately . Stagecoach shareholders will end up owning just 25% or so of the enlarged group but its chair, Ray O'Toole, will be chair of the enlarged group. A merger between rivals National Express and Stagecoach could unlock higher dividends for shareholders compared with DWS's offer, National Express said today. National Express says its offer for Stagecoach is 'superior' to DWS bid. Under the new offer accepting shareholders of the public transport operator will get 105 pence in cash for each share held. National Express Group PLC entered into an agreement to acquire Stagecoach Group plc from a group of shareholders for approximately £470 Million. Under the terms of the potential takeover, Stagecoach shareholders would receive 0.36 new National Express shares for each Stagecoach share, giving them a 25% stake in the merged group. This new buyout comes after National Express and Stagecoach announced in December they had reached agreement on an all-share combination which would have seen a new group owned 25 per cent by Stagecoach shareholders and 75 per cent by National Express shareholders. Registered Number: 100764 It takes advantage of the reduced Stagecoach share price that has resulted from the . Holly Williams. StageCoach shares closed 37.2%higherat around 104.4 pence, almost in line with Inframobility's offer price of 105 pence per share in cash. Earlier this month, Stagecoach's board accepted a brand new £595m money supply from the German fund in lieu of a beforehand agreed £1.9bn merger with UK transport firm Nationwide Categorical. As of close of business on 20 September 2021, the deal represents a premium relative to the price of Stagecoach stock of approximately 18% on respective closing share prices. company Turtle Beach Corp on Thursday said it is exploring a sales process as it considers ways to maximize value for shareholders. It comes after the two companies confirmed in September that they were in . Stagecoach shareholders are in line to receive 0.36 of a share in the combined company for every Stagecoach share they own. The group entered the building at 420 Montgomery St. about 10 a.m. and then several chained themselves to an antique Wells Fargo stagecoach on display . The deal, which will be voted on by shareholders . Martin Griffiths, Stagecoach Chief Executive, said: "Greener and smarter public transport is central to delivering government ambitions around decarbonisation, levelling up of communities, driving . Climate activists occupy Wells Fargo HQ ahead of shareholder meeting. Under the terms of the potential combination, Stagecoach shareholders would receive 0.36 new National Express ordinary shares for each of their ordinary shares, resulting in them owning around 25% . However Nationwide Categorical has urged Stagecoach's shareholders to not settle for the DWS bid and argued that its merger with Stagecoach offers "superior value". Stagecoach scraps dividend for shareholders amid lower bus passenger numbers and the demise of rail franchises. Dame Ann Gloag, a founder of the company who still holds 10.5 per cent of shares, gave an irrevocable . Pan-European Infrastructure III said cash payable to. Shareholders of the British transport firm Stagecoach have till Might 21 to just accept a takeover bid from the German funding fund DWS Infrastructure. The firms revealed that around 50 roles are expected to be cut under plans to slash annual costs by at . Inframobility is owned by Pan-European Infrastructure III, SCSp, which is in turn managed and advised by infrastructure investment manager DWS Alternatives Global Limited (DWS Infrastructure). The Offer is being made for the securities of a UK company and is subject to UK disclosure requirements, which are different from those of the United States . National Express has urged Stagecoach shareholders to back its merger offer over a rival takeover bid from DWS, which the board said 'materially undervalues' the firm. It admitted that the deal, which is subject to shareholder approval, was also likely to . DWS Head of Infrastructure Hamish Mackenzie says that by lowering the acceptance threshold, the would-be purchaser is "demonstrating its commitment to the acquisition of Stagecoach and providing . 2. Stagecoach, which was founded by brother-and-sister Ann Gloag and Brian Souter, a former SNP donor, said the CMA's decision to step in will delay the planned sale of parts of its inter-city coach businesses to ComfortDelGro Corporation Limited. Stagecoach Shareholders are advised to read the Offer Document and (in respect of Stagecoach Shares held in certificated form) the acceptance forms accompanying the Offer Document carefully when. British bus and rail operator StageCoach on Wednesday backed a 594.9 million pound ($780 million) takeover offer from a European infrastructure fund that trumps a bid by rival National Express. German asset manager DWS published today its final offer to Stagecoach, giving the company's shareholders until 21 May to accept it. Stagecoach said it intends to recommend that its shareholders accept the DWS offer. The deal, which will be voted on by shareholders, values Stagecoach at around £437 million. The destiny of Stagecoach now rests within the arms of its shareholders and whether or not they resolve to simply accept the DWS provide by the deadline of 21 Might. Last week National Express's . Columbia Management Investment Advisers, LLC is currently the largest shareholder, with 18% of shares outstanding. What this means for shareholders For shareholders who want to sell their shares now, this. British bus and rail operator Stagecoach Group plc is supporting a £594.9 million takeover offer from Inframobility (Inframobility UK Bidco Limited). Under the terms of the new all-share tie-up, National Express owns around 75% of the combined group while Stagecoach shareholders own around 25%. Notice to US Stagecoach Shareholders. The board of Inframobility UK Bidco Limited or PEIF III Bidco, and the board of Stagecoach Group plc have agreed on the terms of a recommended cash offer to be made by PEIF III Bidco to acquire the entire issued and to be issued ordinary share capital of Stagecoach ().PEIF III Bidco is a company indirectly wholly owned by Pan-European Infrastructure III, SCSp or PEIF III, an infrastructure . It comes after Stagecoach withdrew its earlier recommendation to shareholders that they agree a purchase by National Express. The return of cash took place on 21 October 2011. The merger, which will be voted on by shareholders, values Perth-based Stagecoach at around £437million. National Express has criticised the rival offer for Stagecoach from DWS Infrastructure as one that "materially undervalues" the Perth-based business.. For context, the second largest . According to National Express, a . Details of the shareholder Name City of registered office Country of . 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