Latest Share Chat

Millennium & Copthorne Hotels Share News (MLC)

Millennium & Copthorne Hotels Information

There is currently no data for MLC

Malin returns EUR140 million to shareholders through tender offer

Tue, 21st Mar 2023 15:32

(Alliance News) - Malin Corp PLC on Tuesday said it will return EUR140 million to shareholders, through a tender offer.

In February, the Dublin-based investor in life sciences companies launched a EUR140 million tender offer.

It said it would acquire 15.1 million shares at the tender price of EUR9.30 per existing share. This represented a 25% premium on its share price at close on February 15, being the last business day before the initial announcement.

Malin shares were flat at EUR8.20 in Dublin on Tuesday afternoon. The company has a market capitalisation of EUR283 million.

The shares represent around 44% of the company's issued share capital.

"We are delighted to continue to deliver on our long-standing commitment to return the excess capital of the business to our shareholders with this proposed return of up to EUR140 million by way of a tender offer," Chair Liam Daniel said in February.

"This return of capital follows the divestment of our entire stake in Immunocore which generated cash proceeds of approximately EUR145 million and other inflows from our investee companies of approximately EUR21 million during 2022.

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

25 Jun 2013 07:24

Tuesday broker round-up UPDATE

African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k

7 Jun 2013 06:51

Friday broker round-up UPDATE

Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un

2 May 2013 09:18

UPDATE 1-M&C Hotels cuts profit target as Asia slowdown bites

* Q1 pretax profit down 34.7 pct to 16.9 mln stg * Q1 Revpar up 1.6 pct * FY profit to be 140-150 mln stg vs 160 mln stg consensus * Shares down 4 pct By Neil Maidment LONDON, May 2 (Reuters) - Hotelier Millennium & Copthorne said full-year profit would fall below e

2 May 2013 08:35

Millennium & Copthorne Hotels sees profits fall in first quarter

Millennium & Copthorne Hotels saw first quarter pre-tax profit fall 34.7 per cent on the previous year as the company closed accommodation for refurbishments. Pre-tax profit for the first three months of the year dropped to £16.9m from the prior year's £25.9m, reflecting a 3.6% decline in revenue

2 May 2013 07:32

M&C Hotels lowers full-year profit guidance

LONDON, May 2 (Reuters) - Hotelier Millennium & Copthorne said on Thursday full-year pretax profit could be as much as 13 percent below analysts' consensus forecast, after a slowdown in its core Asian market hit first quarter trading. "I would recommend that the 160 million pounds (full-ye

2 May 2013 06:49

M&C Hotels profit hit by Asia and Europe slowdown

* Q1 pretax profit down 34.7 pct to 16.9 mln stg * Q1 Revpar up 1.6 pct * Says tough trading in Asia and Europe unlikely to abate * Continues to review acquisition opportunities LONDON, May 2 (Reuters) - Hotelier Millennium & Copthorne said profit fell by over a third in

2 Apr 2013 07:50

Millennium & Copthorne moves ahead with plans in Korea

A wholly-owned subsidiary of Millennium & Copthorne Hotels has completed its purchase and sale agreement with Woo Yang Industrial Development Company to acquire a plot of land with a total area of 1,563.7m sq. The plot is adjacent to the Millennium Seoul Hilton Hotel in Korea. The transaction fo

25 Mar 2013 07:12

Monday broker round-up UPDATE

Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3

7 Mar 2013 07:25

Thursday broker round-up UPDATE

Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No

5 Mar 2013 07:15

Tuesday broker round-up UPDATE

Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar

22 Feb 2013 16:56

London close: FTSE ends higher after US Fed comments

Markets returned to positive territory on Friday, with investors making the most of cheaper prices one day after the biggest single session decline this year. The index ended seven points up on the week. The main reason for the day's advance was the endorsement given by the President of the US Fe

22 Feb 2013 15:10

FTSE 250 movers: Millennium & Copthorne dives on results

Shares in Millennium & Copthorne Hotels dropped after it revealed that total full year revenue had declined by 6.4 per cent in 2012, despite an increase in revenue per available room (RevPAR). Total revenue fell from £820.5m to £768.3m, while RevPAR on a constant currency basis rose 3.9% from £64.

22 Feb 2013 07:52

London open: Miners bounce back on Fed remarks

The London market has opened clearly in the blue this morning, bouncing back strongly from the previous day's losses and with miners in the lead. That follows yesterday's finish by the main Wall Street indices well of their lows. Of note, the President of the US Federal Reserve bank of St.Louis gav

22 Feb 2013 07:51

UPDATE 1-M&C has tough start to 2013 as annual profit slips

* RevPAR down 1.1 pct in first 6 weeks of 2013 vs 3.4 pct rise in 2012 * Headline FY pretax profit down 15.0 pct to 157.7 mln stg * FY RevPAR grew by 3.4 pct; Q4 up 0.9 pct * Says will monitor acquisition opportunities LONDON, Feb 22 (Reuters) - Hotelier Millennium & Copth

22 Feb 2013 07:30

London pre-open: FTSE to regain some of yesterday's losses

City sources predict the FTSE 100 will open up 30 points from yesterday's close of 6,292, clawing back some of yesterday's heavy losses after hawkish comments from the Federal Reserve weighed heavily on markets. Last night US stock markets extended losses on the back of the previous night's releas

Latest Share Chat

Millennium & Copthorne Hotels Share News (MLC)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Malin returns EUR140 million to shareholders through tender offer

Login to your account

Quickpicks are a member only feature

Login to your account