Nov 22 (Reuters) - Ibstock Plc IBST.L :
- IBSTOCK - SALE OF ENTIRE ISSUED SHARE CAPITAL OF GLEN-GERY TO BRICKWORKS LIMITED FOR AN ENTERPRISE VALUE OF US$110 MILLION ON A DEBT FREE CASH FREE BASIS
- PROCEEDS RECEIVED BY GROUP WILL BE USED TO REPAY DEBT
- IBSTOCK - AS A RESULT OF DISPOSAL, AND IN COMBINATION WITH UNDERLYING CASH GENERATION, EXPECT CO'S NET DEBT TO BE AROUND £50 MILLION BY END OF 2018
- PREVIOUSLY ANNOUNCED ENHANCED MAINTENANCE PROGRAM IN ITS UK BRICK BUSINESS IS PROGRESSING WELL
- GROUP REMAINS ON COURSE TO DELIVER ADJUSTED EBITDA OF £121 MILLION TO £125 MILLION FOR YEAR ENDED 31 DECEMBER 2018
- IBSTOCK -AS UNCERTAINTY AROUND ONGOING NEGOTIATIONS FOR UK'S WITHDRAWAL FROM EU PERSISTS, MARKET BACKDROP IN NEW BUILD HOUSING SECTOR REMAINS POSITIVE
News: BKW Ibstock Announces Sale Of Glen-Gery To Brickworks Limited
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Last
$35.12 |
Change
-1.140(3.14%) |
Mkt cap ! $5.376B | |||
| Open | High | Low | Value | Volume |
| $36.40 | $36.40 | $34.94 | $30.61M | 865.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 643 | $35.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.27 | 643 | 2 |
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| BKW (ASX) Chart |