Melrose Industries - neue Runde mit Nortek

Antwort auf Oginvest 23.04.23 13:42:28 Uhr

Link zum neuen Melrose Thread, auch infolge neuer ISIN angelegt:
https://www.wallstreet-online.de/diskussion/1368497-1-10/mel…

Completion of the Demerger of Dowlais and Melrose Share Consolidation

20 April 2023 - Melrose Industries PLC (“Melrose” or the “Company”) has today completed the demerger of the GKN Automotive, GKN Powder Metallurgy and GKN Hydrogen businesses from the Company into Dowlais Group plc (“Dowlais”) (the “Demerger”).

Prior to the Demerger, the Company undertook a three for one consolidation of the existing Melrose ordinary shares after 6:00 p.m. on 19 April 2023 (the “Melrose Share Consolidation”). In order to ensure that no outstanding fractional amount of a new Melrose ordinary share existed following the Melrose Share Consolidation, two existing Melrose ordinary shares were allotted and issued to Investec Bank plc after close of trading on 19 April 2023 at a price of 163.125 pence per existing Melrose ordinary share, being the closing middle-market price on 19 April 2023. Admission and dealings in the new Melrose ordinary shares on the London Stock Exchange commenced at 8.00 a.m. (London time) today (20 April 2023).

...

Simon Peckham, Chief Executive Officer of Melrose, commented: “We are very happy to complete today the demerger of Dowlais. We thank shareholders for their support. We are confident that Dowlais will have a very successful independent future led by Liam and his team. It has been a pleasure to be involved in the improvement of the Dowlais businesses.

For Melrose, the focus is now on the continued development of the Aerospace business which over the next few years has the opportunity to clearly establish itself as a leading focussed aerospace business making £1 billion of EBITDA.”

https://www.melroseplc.net/media/announcements/2023/completi…

With eye on IRA, Dowlais targets U.S. rare earth magnets for electric vehicles

LONDON, April 20 (Reuters) - UK auto supplier Dowlais (DWL.L) is developing rare earth magnets for production in the U.S. market as carmakers look to source more parts locally and benefit from subsidies provided by the Inflation Reduction Act (IRA), its top executive said on Thursday.

The company aims to launch production within 12 to 18 months and is talking to a wide range of carmakers and top tier suppliers about providing them for electric vehicles (EVs), CEO Liam Butterworth told Reuters.

"We see the IRA as a very good opportunity for us because the people building electric motors will have sourcing challenges as 95% of the world's magnets today come from China," Butterworth said. "We're working right the way down to rare earth sources to make sure that we've got the right supply chain in place."

...
https://www.reuters.com/business/autos-transportation/with-e…

StockMarketWire.com - Melrose Industries, the British multinational manufacturing company that specialises in buying and improving underperforming businesses, has announced that each of the two special resolutions and one ordinary resolution associated with the proposed return of capital of approximately £730 million, were passed by shareholders at a general meeting held today.

https://www.stockmarketwire.com/article/7209581/Melrose-Indu…

schaun mer mal....

One of Britain’s most successful buyout specialists, the industrial conglomerate Melrose Industries, is going green with the creation of a division that will develop new methods of storing hydrogen.

https://www.ft.com/content/d8178402-9b65-4d50-8a1a-57845d65a…

New aircraft hydrogen propulsion system partnership: U of Birmingham and GKN Aerospace
https://www.hydrogenfuelnews.com/hydrogen-propulsion-system/…

GKN powers up hydrogen fuel cell development and eyes 2026 service entry

https://www.flightglobal.com/aerospace/gkn-powers-up-hydroge…

GKN gehört Melrose

Hier muss mal wieder leben in den Thread:

MELRO = Wasserstoff und Fliegen

With big net-zero targets to meet, the government is funding hydrogen developments too, including several new grants announced today, with the biggest going to an aviation-focused project led by Melrose Industries's (LON:MRO) GKN Aerospace arm.

https://www.proactiveinvestors.co.uk/companies/news/939754/h…

sie klopfen sich selbst mächtig auf die Schulter

und scheinen zufrieden mit ihren "Fortschritten" zu sein;

in den Zahlen sehe ich (noch) nicht dergleichen

10 May 2018 07:00
AGM Trading Update

Melrose Industries PLC (“Melrose”) publishes the following trading update for the four months from 1 January 2018 to 29 April 2018 (the “Period”), ahead of its Annual General Meeting taking place later today.

The ownership percentage of GKN PLC has increased to 94% by the close of business on 9 May 2018 and is expected to reach 100% in June 2018.

An announcement was made on 24 April 2018 which detailed the trading performance by GKN in the first thirteen weeks of 2018, a period prior to Melrose ownership.

Further guidance on future plans for GKN will be given at the Melrose half year results announcement in the first week of September.

Given the recent acquisition of GKN, your Board intends to review the existing Melrose remuneration arrangements and expects to consult with shareholders in the coming months.

Within Nortek, Air Management has continued to invest in significant new product development programmes which are expected to result in market leading product launches over the next year as well as improving order pipelines. In addition, significant investment is being made in the manufacturing footprint and operations to improve efficiencies and performance.

Security and Smart Technology acquired IntelliVision for $35 million, a US company that develops and implements video and artificial intelligence analytics technology which will transform Security’s smart capabilities. This acquisition gives Security and Smart Technology access to a range of recognition and detection analytics which should put us at the forefront of developments in the security marketplace.

As announced previously, a lower margin contract manufacturing arrangement winds down this year with sales of approximately $150 million in 2017. The company has retained the higher margin sensors associated with this arrangement of roughly $40 million and is replacing the balance with other products but the rollout of these has been slower than expected.

Ergotron is at the initial stages of a sale process, with US corporate tax likely being due on the excess of the sale price above $350 million.

As guided previously, foreign currency movements are creating a headwind for 2018. If exchange rates stay as they were at the end of April for the balance of the year this will cause a headwind of approximately 11% to the Nortek results.

Trading levels at Brush are unchanged and its substantial restructuring plans are proceeding on time and on budget.


Christopher Miller, Chairman of Melrose said:

“We are very excited by what is in store for Melrose over the next few years. We look forward to working with the GKN employees to transform the prospects of the businesses through significant investment. Nortek and Brush also remain an important focus for Melrose with continuing plans to increase their value and prospects.”

-ends-

neues Target:

Antwort auf R-BgO 28.12.17 14:09:45 Uhr

GKN plc: http://www.melroseplc.net/media/news-releases/?year=2017&cat…

ein Jahr seitwärts...

Vorgeschichte

Antwort auf R-BgO 06.01.17 12:45:04 Uhr

Thread: Melrose Industries plc - hat Elster übernommen

...da neue WKN nun auch neuer Thread.