|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||1.0600 - 1.0600|
|52-week range||0.4000 - 1.3500|
|Beta (5Y monthly)||1.99|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||05 Jan 2011|
|1y target est||N/A|
The rail and bus operator sold two American businesses for £3.3 billion, a deal that proved unpopular with some shareholders.
FirstGroup had earlier promised to pay shareholders 365 million pounds on the 3.3 billion pound sale of FirstStudent and FirstTransit. While a majority of shareholders backed the deal in May, top two investors including Coast Capital had opposed the sale and the size of the returns. FirstGroup, which closed the sale on Wednesday evening, plans to use the rest of the sale proceeds to pay down debt and contribute to its UK pension schemes.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Thursday 22 July 2021