DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report Halfords Group plc Annual Report and Accounts for the period ended 3 April 2015 www.halfordscompany.com Stock Code: HFD Halfords Group plc Group Halfords GETTING INTO GEAR 2015 Annual Report and Accounts for the period ended 3 April 2015 23744-04 PROOF DOCUMENT SHELL 09-02-2015 Introduction to HALFORDS For more than 110 years Halfords has been synonymous with travel. We are the UK’s leading retailer of automotive and cycling products, and the leading independent operator in auto repair. Many of our brands hold number one sales positions, and we see clear opportunities to grow market share in the short and long-term future. Our vision is clear: we help and inspire our customers with their life on the move. GROUP AT A POINT RETAIL GLANCE STRATEGY HELPING AND RETAIL INSPIRING To deliver growth in retail across our three CUSTOMERS strategic pillars, we are pursuing a five-point WITH THEIR LIFE programme called Getting Into Gear, which is designed to deliver a significantly improved ON THE MOVE customer experience. Read more on Retail Strategy on pages 14 and 15 GROUP POINT AUTOCENTRES STRATEGY 4 STRATEGY AUTOCENTRES Our footprint of over 300 Autocentres puts us within convenient reach of the majority of the UK population, meaning we are uniquely placed to Read the Operational Review on fulfil our first strategic pillar, Supporting Drivers of page 12 Every Car. Read more on Autocentres Strategy on pages 16 and 17 23744-04 PROOF DOCUMENT SHELL 09-02-2015 STRATEGIC OUR FINANCIAL SHAREHOLDER REPORT GOVERNANCE STATEMENTS INFORMATION OVERVIEW FACTS AND FIGURES STRATEGIC REPORT OVERVIEW Group Highlights 2 Chairman’s Statement 3 305 467 Marketplace 4 AUTOCENTRES RETAIL STORES IN Business Model 6 1 1 Material Issues 8 ACROSS THE UK THE UK AND ROI STRATEGY Operational Review 12 Retail Strategy 14 Autocentres Strategy 16 Milestones 18 2,000 8,000 Sustainability 19 AUTOCENTRE RETAIL PERFORMANCE 2 2 Key Performance Indicators 22 COLLEAGUES COLLEAGUES Chief Financial Officer’s Review 25 RISK Risks and Uncertainties 32 GOVERNANCE Board of Directors 38 160k £1bn Directors’ Report 39 Corporate Governance Report 42 PRODUCTS GROUP Nomination Committee Report 50 ONLINE REVENUE Audit Committee Report 52 Remuneration Committee Report 56 — Remuneration Policy Sumnmary 58 1 As at 3 April 2015 — Annual Remuneration Report 62 2 In addition there are circa 1,000 colleagues in our support centre, supply chain and warehouse and distribution Directors’ Responsibilities 71 operations FINANCIAL STATEMENTS Auditor’s Report 74 ONLINE REPORT CORPORATE WEBSITE Index to Financials 76 halfords.annualreport2015.com www.halfordscompany.com Consolidated Income Statement 77 Consolidated Statement of Read our Annual Report online, including the full Catch up with our latest news and learn more 78 Remuneration Policy. about Halfords on our corporate website. Comprehensive Income Consolidated Statement of Financial Position 79 Consolidated Statement of Changes in Shareholders’ Equity 80 Consolidated Statement of Cash Flows 81 Accounting Policies 83 Notes to the Financial Statements 89 Company Balance Sheet 106 Reconciliation of Movements in Total Shareholders’ Funds 107 Accounting Policies 108 Notes to the Financial Statements 109 SHAREHOLDER INFORMATION Five Year Record 112 Key Performance Indicators 112 Company Information 113 Integrated Reporting IBC STOCK CODE: HFD halfords.annualreport2015.com 01 23744-04 PROOF DOCUMENT SHELL 09-02-2015 STRATEGIC REPORT > OVERVIEW GROUP HIGHLIGHTS FINANCIAL HIGHLIGHTS Revenue Underlying profit before tax Underlying basic earnings £m £m per share pence +6.9% +11.4% +13.8% 43.2p £125.6m £1,004.9m £939.7m 33.7p 32.7p £92.2m £871.3m 28.8p £869.7m £863.1m £81.1m 27.7p £72.8m £72.0m 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Underlying EBITDA EBITDA margin Dividend per ordinary share £m % pence +8.7% +18bps +15.4% 22.0p 22.0p 17.6% £153.2m 17.1p 16.5p 14.3% £123.6m 14.3p £109.9m 11.9% 10.9% 10.8% £103.4m £101.1m 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 OPERATIONAL HIGHLIGHTS 72 46% 77% STORES TRADING RETAIL COLLEAGUES RETAIL NET UNDER REFRESHED THROUGH GEAR 2 PROMOTER SCORE FORMAT +11.4 % +14.3 % 4 GROWTH IN GROWTH IN ONLINE CYCLE REPUBLIC SHOPS CYCLING SALES RETAIL SALES OPENED IN THE YEAR All FY15 numbers presented on this page represent the 52 week proforma results for the period ended 27 March 2015. Getting Into Gear 02 Halfords Group plc Integrated Annual Report for the period ended 3 April 2015 23744-04 PROOF DOCUMENT SHELL 09-02-2015 STRATEGIC OUR FINANCIAL SHAREHOLDER REPORT GOVERNANCE STATEMENTS INFORMATION OVERVIEW CHAIRMAN’S STATEMENT “ This was another year of strong revenue growth, this time against tough comparatives. We are delighted to have exceeded £1bn Group Revenue. Our strategy is also progressing well as we build a sustainable platform for future growth.” I am pleased to report strong On behalf of the Board I would like to thank all financial results for Halfords and 11,000 of our colleagues for their enthusiasm and further progress on our strategic commitment to the journey this business is on. I priorities. would also like to thank both Matt Davies, who bn left at the end of April, and Andrew Findlay, who £1 At the core of our strategy is customer service leaves later this year. It has been a real pleasure GROUP REVENUE and investment in our colleagues, proposition and working with both of them – their contribution to infrastructure. In Retail, colleagues progressed Halfords has been outstanding. well through their Gear 2 training and we have more refreshed stores, launched Cycle Republic In May 2015 the Board appointed Jill McDonald and significantly strengthened authority in our key as Chief Executive Officer and we are looking categories. Autocentres has a clear strategy under forward to the significant contribution she will new leadership and has delivered an improved make. She joins a business that I believe is in sales performance whilst continuing to invest. great shape, with significant opportunities ahead. There is still more to do in both Retail and The new financial year has started positively, with % Autocentres; FY16 will be a busy year of activity, continued progress in delivering our strategic +7.0 with the business supported by a tailwind of priorities. RETAIL LIKE-FOR-LIKE momentum and a strong, engaged team of Dennis Millard management and colleagues. Chairman SALES The financial results for the year and confidence 4 June 2015 in the future prospects have enabled the Board to recommend a full year dividend of 16.5 pence, an increase of 15.4%. OUR NEW CHIEF EXECUTIVE Halfords is a business and a brand that resonates with me and so I was delighted when offered the opportunity to become Chief Executive. In my first few weeks here I have been really impressed with the commitment and enthusiasm of our colleagues, and it is very apparent that the focus on delivering customer service excellence is becoming embedded in the DNA of the business. Halfords has clearly made great progress on its strategic plans in the last year, and we will continue to deliver the priorities for FY16, as well as looking and planning further ahead. I look forward to working with the entire team of management and colleagues to continue the positive journey that this company is on and to build upon it even further. Jill McDonald Chief Executive Officer 4 June 2015 STOCK CODE: HFD halfords.annualreport2015.com 03 23744-04 PROOF DOCUMENT SHELL 09-02-2015 STRATEGIC REPORT > OVERVIEW MARKETPLACE “ Our presence in the auto, cycling and leisure markets WE CONTINUE TO GROW is unique in the UK. Backed by a heritage and MARKET SHARE IN OUR brand trusted by millions, CORE SECTORS, BUILDING our position is strong, and we’re well-placed to AND MAINTAINING LEADING thrive in changing market POSITIONS. conditions.” MARKETPLACE Our product ranges continue to evolve in line with Halfords operates in a number market requirements and advances in automotive of retail and service markets technology. For example, stop-start batteries are becoming increasingly prevalent and we have the across our 467 stores1 and 305 right equipment and fully-trained colleagues to be 1 autocentres throughout the UK. able to cater to this demand, both in our Retail Our products and services can be grouped into stores and our Autocentres. auto, cycling and leisure, and our presence in We have seen good growth in some subsections these markets is unique. With 90% of the UK of our in-car technology offering. In-car cameras population living within a 20 minute drive of one of (‘dash cams’) have proved very popular, with our locations, we are within convenient access for a full fitting service just landed. In multimedia, a large customer base. connectivity and streaming technology, this year Backed by a heritage and brand trusted by saw us launch an Apple-certified system and an millions, our position is strong, and we’re well- Android one is coming soon. placed to thrive in changing market conditions. The sat nav market continues to decline, but SUPPORTING DRIVERS OF EVERY CAR this is becoming an increasingly smaller and less The number of drivers in the UK (the “car parc”) is important part of our business. Key products such increasing. It is estimated that there are currently as child car seats continue to be important for approximately 700,000 new drivers each year and customers and are providing growth. the number of car registrations is growing faster Likewise, the services we offer alongside our than the number of cars being written off. The products continue to evolve, as evidenced by number of miles driven in the UK increased again the continued success of our “3Bs” (bulbs, in 2014, having declined during the recession.
Load more

Recommended publications
  • May CARG 2020.Pdf
    ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN.
    [Show full text]
  • Committed to Journeysbetter Making Customers'
    Committed to making customers’ journeys better Halfords Group plc Group Halfords Annual Report and Accounts for the period ended 1 April 2016 for and Accounts Annual Report Halfords Group plc Annual Report and Accounts for the year ended 1 April 2016 Stock Code: HFD www.halfordscompany.com slugline Introduction to For more than 110 years Halfords has been synonymous with travel. We are the UK’s leading retailer of automotive and cycling products, and a leading independent operator in auto repair. Many of our brands hold number one sales positions, and we see clear opportunities to grow market share in the short and long-term future. Our Vision Our vision is clear: • To be first choice for customers’ life on the move • We will achieve this by being Committed to Making Customers’ Journeys Better 462 Retail stores in the UK and ROI (as of 1 April 2016) 314 Autocentres across the UK (as of 1 April 2016) 10 Cycle Republic stores (as of 1 April 2016) £1bn Group Revenue Business Model Evolved for future orientation Pages 10 and 11 Defining our CSR Strategy Integrated into every aspect of business Page 10 Strategy Connected strategic thinking Pages 14 and 20 Risk Identifies key material interdependencies Page 30 Our Integrated Report This is our third integrated report and is designed to provide a concise In producing this report we overview of how we generate value for all stakeholders. By following have: built upon the key an integrated reporting model, we aim to show how our competitive advantage is sustainable in the short, medium, and long term.
    [Show full text]
  • 10 Upper Bank Street Technical
    TEN UPPER BANK STREET CANARY WHARF ESTATE 01 TEN UPPER BANK STREET SUMMARY GRADE A OFFICE ACCOMMODATION WITH EXCELLENT NATURAL LIGHT - LANDMARK BUILDING SITUATED IN THE HEART OF CANARY WHARF - COLUMN-FREE TOWER FLOORS WITH PANORAMIC VIEWS - 57,000 SQ FT TRADING FLOORS WITH DIRECT ESCALATOR ACCESS - ACCESS STRAIGHT ON TO JUBILEE PLACE AND UNDERGROUND - OPPORTUNITY FOR DEDICATED SELF-CONTAINED ENTRANCE AND RECEPTION - ENHANCED CAT A SPECIFICATION - WATER FRONTAGE ON TWO SIDES - CANARY WHARF TO HEATHROW AIRPORT IN 39 MINUTES WITH COMPLETION OF CROSSRAIL IN 2018 02 TEN UPPER BANK STREET RECEPTION AN IMPRESSIVE WELCOME TO YOUR NEW OFFICE... The expansive, light-filled reception benefits from high quality finishes including limestone, granite and marble. The entrance is conveniently located on the doorstep of Jubilee Place - a lively hub of shops, bars and restaurants - and the Jubilee Line Canary Wharf station, DLR and underground car parks. 03 TEN UPPER BANK STREET NOT JUST AN ADDRESS EVERYTHING YOU WOULD EXPECT FROM A WORLD CLASS OFFICE BUILDING, AND MORE... - Swimming pool - Gym - Squash courts - Cycling changing room / showers - Treatment rooms - Event space - Staff restaurant *Please note, some facilities are only available to larger lettings 04 TEN UPPER BANK STREET NOT JUST AN ADDRESS EVERYTHING YOU NEED TO ENTERTAIN YOUR CLIENTS AND INSPIRE YOUR TEAM - Level 30 private dining rooms - 250 seat auditorium - Client lounge - Private meeting rooms - Basement car parking - Hospitality lounge *Please note, some facilities are only available
    [Show full text]
  • Places for People Capital Markets Plc Places for People Homes Limited Places for People Treasury Plc
    OFFERING CIRCULAR PLACES FOR PEOPLE CAPITAL MARKETS PLC (incorporated in England as a public limited company under the Companies Act 2006 with registered number 7623063) and PLACES FOR PEOPLE HOMES LIMITED (incorporated in England as a registered society with limited liability under the Co-operative and Community Benefit Societies Act 2014 with registration number 19447R and registered with the Regulator of Social Housing under the Housing and Regeneration Act 2008 (as amended), with number L0659) and PLACES FOR PEOPLE TREASURY PLC (incorporated in England as a public limited company under the Companies Act 2006 with registered number 9272235) £2,000,000,000 Euro Medium Term Note Programme Under this £2,000,000,000 Euro Medium Term Note Programme (the Programme), Places for People Capital Markets plc, Places for People Homes Limited and Places for People Treasury plc (the Issuers and each an Issuer and references to the relevant Issuer being to the Issuer of the relevant Notes) may from time to time issue notes (the Notes) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). The payment of all amounts due in respect of Notes issued by Places for People Capital Markets plc and Places for People Treasury plc will be jointly and severally guaranteed by Places for People Homes Limited, Places for People Living+ Limited, Castle Rock Edinvar Housing Association Limited, Cotman Housing Association Limited and Derwent Housing Association Limited (each a Guarantor and, together, the Capital Markets/Treasury Guarantors). The payment of all amounts due in respect of Notes issued by Places for People Homes Limited will be jointly and severally guaranteed by Places for People Living+ Limited, Castle Rock Edinvar Housing Association Limited, Cotman Housing Association Limited and Derwent Housing Association Limited (each a Guarantor and, together, the Homes Guarantors).
    [Show full text]
  • Important Notice
    IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. IMPORTANT: You must read the following before continuing. The following applies to the Prospectus attached to this electronic transmission, and you are therefore advised to read this carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES OF THE ISSUER FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS. THE FOLLOWING PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. PERSON. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
    [Show full text]
  • Pdf, As Defined As Eligible Projects in the Section "Use of Proceeds"
    BASE LISTING PARTICULARS ARLA FOODS AMBA (incorporated as a co-operative in the Kingdom of Denmark) AND ARLA FOODS FINANCE A/S (incorporated with limited liability in the Kingdom of Denmark) and in respect of the Notes issued by Arla Foods Finance A/S, guaranteed by ARLA FOODS AMBA EUR 750,000,000 Euro Medium Term Note Programme ___________________________________ Under the Euro Medium Term Note Programme described in this base listing particulars (the "Base Listing Particulars") (the "Programme"), Arla Foods amba ("Arla Foods") and Arla Foods Finance A/S ("Arla Finance") (each an "Issuer" and together the "Issuers"), subject to compliance with all relevant laws, regulations and directives, may from time to time issue euro medium term notes (the "Notes"). Notes issued pursuant to the Programme may include Notes issued by each Issuer designated as "Danish Notes" in the applicable Pricing Supplement. The payment of all amounts due in respect of any Notes issued by Arla Finance will be unconditionally and irrevocably guaranteed by Arla Foods (the "Guarantor"). The Notes may be issued on a continuing basis to one or more of the Dealers specified herein and any additional Dealer appointed under the Programme from time to time by the Issuer (each a "Dealer" and together the "Dealers"), which appointment may be for a specific issue or on an on-going basis. This Base Listing Particulars does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 as amended (the "EU Prospectus Regulation"). The Issuer is not offering the Notes in any jurisdiction in circumstances that would require a prospectus to be prepared pursuant to the EU Prospectus Regulation.
    [Show full text]
  • 19666 Sq Ft / 1827 Sq M
    25 CANADA SQUARE CLEAR ADVANTAGE 25 CANADA SQUARE CANARY WHARF CLEAR ADVANTAGE 25 CANADA SQUARE CLEAR ADVANTAGE 25 CANADA SQUARE OFFERS OCCUPIERS UP TO 175,000 SQ FT OF THE HIGHEST, QUALITY OFFICE SPACE IN LONDON. POSITIONED AT THE CENTRE OF CANARY WHARF, 25 CANADA SQUARE IS ONE OF THE TALLEST BUILDINGS IN EUROPE AT 200 METRES AND PROVIDES UNIQUE VIEWS ACROSS LONDON AND THE SOUTH EAST. SPACE ON THE UPPER FLOORS FROM 2,500 SQ FT IS IMMEDIATELY AVAILABLE. 25 CANADA SQUARE CLEAR ADVANTAGE GETTING HERE CANARY WHARF CONTINUES TO PROVE TO BE EUROPE’S MOST SUCCESSFUL BUSINESS DESTINATION, WITH OVER 93,000 PEOPLE CURRENTLY WORKING HERE DAILY. 69,759 TRAVEL ON 695 JUBILEE LINE TRAINS AND 30,000 ON 1,300 DLR TRAINS, 7,500 JOURNEYS ARE MADE DAILY USING 5 BUS ROUTES, THERE ARE ALSO EXTENSIVE CYCLE PATHS AND UNDERGROUND CAR PARKING FACILITIES ON SITE. THE CAPACITY OF BOTH THE DLR AND JUBILEE LINES ARE BEING INCREASED BY 2009. 25 CANADA SQUARE CLEAR ADVANTAGE BEING HERE 75 RESTAURANTS, BARS AND EATERIES DELIVERING A WIDE VARIETY OF CULINARY EXPERIENCES FROM TAPENYAKI TO TAKEAWAYS EVERY DAY. CANARY WHARF IS THE SECOND LARGEST SHOPPING DESTINATION IN LONDON OFFERING 740,000 SQ FT OF RETAIL SPACE (OVER 800,000 PEOPLE SHOP HERE WEEKLY), THERE ARE OVER 105 SHOPS EMPLOYING 4,400 PEOPLE, 3 SUPERMARKETS, 10 BANKS, 4 MEDICAL CENTRES, 6 CRÈCHES, 2 HEALTH CLUBS AND 4 HOTELS PROVIDING HIGH QUALITY ACCOMMODATION. 25 CANADA SQUARE CLEAR ADVANTAGE AT THE CENTRE OF IT ALL 25 CANADA SQUARE IS POSITIONED DIRECTLY IN THE CENTRE OF THE CANARY WHARF DISTRICT OVERLOOKING CANADA SQUARE AND CAN BE ACCESSED DIRECTLY FROM ALL TRANSPORT, RETAIL AND LEISURE AMENITIES, VIA THE COVERED PEDESTRIAN NETWORKS BELOW GROUND AT CONCOURSE LEVEL.
    [Show full text]
  • BUILDING 7 Westferry Circus, E14 4HB
    TO LET - OFFICE THE COLUMBUS BUILDING 7 Westferry Circus, E14 4HB Key Highlights · 15,650 sq ft · 72 car parking spaces · 20 motocycle spaces · 55 bike spaces · 4 passenger lifts · Showers and lockers · Air conditioning SAVILLS West End 33 Margaret Street London W1G 0JD 020 7499 8644 savills.co.uk Location London Underground’s Jubilee line links you to the West End, London Bridge and Waterloo, while the DLR takes you to Bank and London City Airport in no time. Add in local buses and extensive cycle networks as well as over 300 Santander Cycle docking stations and any journey is easy. Canary Wharf Pier offers up to eleven services an hour east and west along the river. When train services begin, Crossrail will make travelling to and from Canary Wharf even easier. It will provide fast, direct access to the City, West End, Heathrow and Reading to the west; and Stratford, Shenfield and Woolwich to the east. Description A unique riverside position, The Columbus Building offers remarkable yet attainable river views in Central London. It has been comprehensively remodelled and redesigned to create 160,000 sq ft of Grade A office space, across eight upper office floors. The Columbus Building offers one of the most attractive and dynamic working environments in Central London. Bright open spaces, a dual entrance reception and simple floorplates create an attractive environment. It is a 5 minute walk from Canary Wharf Underground Station, Crossrail Place, Canary Wharf DLR and Westferry DLR. Accommodation The accommodation comprises of the following Name Sq ft Sq m Tenure Availability 7th 15,650 1,453.93 To let Available Total 15,650 1,453.93 Specification Comprehensively remodelled, Grade A office accommodation.
    [Show full text]
  • FIRSTRAND BANK LIMITED Euro Medium Term Note
    FIRSTRAND BANK LIMITED (Registration Number 1929/001225/06) (incorporated with limited liability in South Africa) U.S.$1,500,000,000 Euro Medium Term Note Programme This Base Prospectus has been approved by the United Kingdom Financial Services Authority (the ‘‘FSA’’), which is the United Kingdom competent authority for the purposes of Directive 2003/71/EC (the ‘‘Prospectus Directive’’) and relevant implementing measures in the United Kingdom, as a base prospectus issued in compliance with Article 5.4 of the Prospectus Directive and relevant implementing measures in the United Kingdom for the purpose of giving information with regard to the issue of notes (‘‘Notes’’) issued under the Euro Medium Term Note Programme (the ‘‘Programme’’) described in this Base Prospectus during the period of twelve months after the date hereof. Applications have been made for such Notes to be admitted during the period of twelve months after the date hereof to listing on the Official List of the FSA and to trading on the gilt edged and fixed interest market of the London Stock Exchange plc which is a regulated market for the purpose of Directive 2004/39/EC (the Markets in Financial Instruments Directive) (the ‘‘London Stock Exchange’’). The Programme also permits Notes to be issued on the basis that they will not be admitted to listing, trading and/or quotation by any competent authority, stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation by such other or further competent authorities, stock exchanges and/or quotation systems as may be agreed with the Issuer.
    [Show full text]
  • Sthree Plc R Eport & Accounts 2008
    SThree plc Report & Accounts 2008 SThree plc Company Information and Corporate Advisers Executive Directors Registrars (ordinary shares) Russell Clements Capita Registrars Gary Elden Northern House Alex Smith Woodsome Park Sunil Wickremeratne Fenay Bridge Huddersfield Non-Executive Directors HD8 0GA Tel: (UK) 0871 664 0300* Sir Anthony Cleaver Tel: (Non UK) +44 208 639 3399 Paul Bowtell Email: [email protected] Alicja Lesniak Web: www.capitaregistrars.com Tony Ward * Calls at 10p per minute plus network extras Nadhim Zahawi Solicitors Secretary and Registered Office Linklaters Steve Hornbuckle One Silk Street 41-44 Great Windmill Street London London EC2Y 8HQ W1D 7NB Clifford Chance LLP 10 Upper Bank Street Company number London E14 5JJ 3805979 Financial Advisers & Stockbrokers Contact details UBS Investment Bank Tel: 020 7292 3838 1 Finsbury Avenue Fax: 020 7292 3839 London Email: [email protected] EC2M 2PP Web: www.sthree.com Investec Investment Banking Auditors 2 Gresham Street PricewaterhouseCoopers LLP London EC2V 7QP 1 Embankment Place London WC2N 6RH Financial PR Citigate Dewe Rogerson 3 London Wall Buildings London Wall London EC2M 5SY SThree plc Contents 1 Board of Directors and Secretary 3 Chairman’s Statement 5 Financial Highlights 6 Chief Executive Officer’s Review 10 Chief Financial Officer’s Review 12 Directors’ Report 18 Directors’ Remuneration Report 24 Corporate Governance Report 30 Corporate Social Responsibility Report 35 Audit Opinion 37 Consolidated Income Statement 38 Balance Sheets (Consolidated and Company) 39 Consolidated Statement of Changes in Equity 40 Company Statement of Changes in Equity 41 Cash Flow Statement 42 Notes to the Financial Statements 88 Five Year Financial Summary Inside Back Cover Shareholder information Board of Directors and Secretary Report & Accounts 2008 The Board brings together a wealth of experience across differing sectors and businesses on an international basis.
    [Show full text]
  • CYBG PLC (Incorporated with Limited Liability Under the Laws of England and Wales)
    CYBG PLC (incorporated with limited liability under the laws of England and Wales) £450,000,000 8 per cent. Fixed Rate Reset Perpetual Subordinated Contingent Convertible Notes The issue price of the £450,000,000 8 per cent. Fixed Rate Reset Perpetual Subordinated Contingent Convertible Notes (the "Notes") of CYBG PLC (the "Issuer") is 99.924 per cent. of their principal amount. On issue, all of the Notes will be subscribed for by National Australia Bank Limited ("NAB"). From (and including) 8 February 2016 (the "Issue Date") to (but excluding) 8 December 2022 (the "First Reset Date"), the Notes bear interest at the rate of 8 per cent. per annum. From (and including) each Reset Date to (but excluding) the next following Reset Date, the Notes will bear interest at a rate which is the aggregate of the margin of 6.25 per cent. per annum and the applicable 5-year sterling mid-market swap rate. The interest rate following any Reset Date may be less than the initial interest rate and/or the interest rate that applies immediately prior to such Reset Date. Subject to the conditions set out herein, interest, if any, shall be payable semi-annually in arrear on 8 June and 8 December of each year (each an "Interest Payment Date"), except that the first date on which interest may be paid will be 8 June 2016 (also an "Interest Payment Date") in respect of the period beginning on (and including) the Issue Date and ending on (but excluding) 8 June 2016. Payments on the Notes shall be made in pounds sterling without deduction for or on account of taxes imposed or levied by the United Kingdom or any political subdivision or any authority thereof or therein having power to tax, except in the circumstances described under "Terms and Conditions of the Notes—Taxation".
    [Show full text]
  • Energy-Efficient Lighting Using the Latest LED Technology Dialight Is the Recognised World Leader in Energy-Efficient Lighting
    Dialight plc Annual report and accounts 2011 Energy-efficient lighting using the latest LED technology Dialight is the recognised world leader in energy-efficient lighting. Since our beginnings producing instrument panel lighting for aircraft and motor vehicles, through to our primary role in the development of LED applications, Dialight is leading the lighting revolution for industrial users across the world. We are uniquely positioned to deliver complete LED solutions for a growing, global client base... Our key strengths We are unique in our ability to consistently develop and deliver Expertise our products to a Highly skilled engineering continually expanding teams in Europe and the customer base. US are constantly engaged in developing new and improved existing products for our customers. Our results Group revenue 2010: £99.2m Dividend per share 2010: 8.0p Signals/Illumination revenue 2010: £61.1m £113.5m +14.4% 10.0p +25% £78.8m +29.0% 113.5 10.0 78.8 99.2 8.0 61.1 77.9 77.3 6.6 6.0 46.4 63.4 5.7 43.4 33.4 07 08 09 10 11 07 08 09 10 11 07 08 09 10 11 Operating profit 2010: £11.2m Cash balance 2010: £10.4m Lighting 2010: £11.6m £15.1m +34.6% £13.7m +25% £26.3m +128% 15.1 13.7 26.3 11.2 10.4 9.1 6.6 11.6 5.3 5.5 5.5 4.1 3.9 07 08 09 10 11 07 08 09 10 11 09 10 11 01 Overview ...we now continue to grow and evolve Find out how we Operating review have been delivering our priorities Page 10–11 Innovation Products are specifically Value creation developed for our chosen The combination of typical markets.
    [Show full text]