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Mothercare plc (MTC.L)

LSE - LSE Delayed price. Currency in GBp
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13.50-0.95 (-6.57%)
At close: 4:29PM BST
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Previous close14.45
Open14.42
Bid13.45 x 0
Ask13.90 x 0
Day's range13.05 - 14.55
52-week range3.70 - 19.61
Volume523,832
Avg. volume1,055,424
Market cap60.351M
Beta (5Y monthly)0.85
PE ratio (TTM)3.29
EPS (TTM)4.10
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date04 Jan 2012
1y target est18.00
  • Pizza Hut creditors to vote on restaurant closure plan
    Yahoo Finance UK

    Pizza Hut creditors to vote on restaurant closure plan

    If passed, the deal will result in the permanent closure of 29 of Pizza Hut UK’s 244 restaurants, putting around 450 jobs at risk.

  • Globe Newswire

    Notice of AGM

    24 August 2020Mothercare plc ("the Company")NOTICE OF ANNUAL GENERAL MEETING The Annual General Meeting of Mothercare plc will be held at the Company’s head office at Westside 1, London Road, Hemel Hempstead, Hertfordshire, HP3 9TD at 11.00 am on Wednesday 23 September 2020.The Company has today published the full Notice of Annual General Meeting on its website, www.mothercareplc.com.In accordance with LR 9.6.1R and LR 9.6.3R a copy of the Notice of Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk//nsm/nationalstoragemechanismIn line with current government guidance, shareholders are requested not to attend in person but to submit their votes by proxy.  If shareholders attempt to attend in person, they will unfortunately be refused entry this year. Further, as announced in the Transformation Plan Update, a combination of factors including the discontinued businesses and COVID-19, have complicated the audit process meaning that more time is necessary in order to finalise the audit and financial statements.  As a result, the shareholder resolutions relating to receiving the audited financial statements and the auditor’s and directors’ reports, approving the directors’ remuneration report and the re-appointment and remuneration of the auditor will be tabled at a separate “accounts meeting” of shareholders to be held no later than 29 December 2020.  Notice of the general meeting and the annual report and accounts will be published in due course. . Please see the full Notice of Annual General Meeting for further details.Lynne Medini Group Company Secretary Mothercare plcMHP Communications:07551 170451mothercare@mhpc.comSimon Hockridge Tim Rowntree Alistair de Kare-Silver

  • Globe Newswire

    Further re Transformation Plan Update

    Mothercare plc: Transformation Plan UpdateMothercare plc ("Mothercare", "the Company" or "the Group") today provides the following updateFranchise arrangementsIn recent months we have been in close discussion with both our international franchise and manufacturing partners to modernise and improve our commercial relationships to mutual benefit, with the objective of improving pricing and quality for our franchise partners and reducing financial and operational risk for our manufacturing partners. We are pleased to report that following these constructive discussions we have successfully launched a more sustainable and less capital-intensive business model going forward, with effect from the Autumn/Winter 2020 season. This new model results in our franchise partners contracting to pay for products directly to our manufacturing partners, thus removing the timing mismatch we were experiencing with the reduction in our payment terms and so improving the Group’s working capital requirements. We believe this new way of working will ultimately have the added benefits of improving pricing for franchise partners, which in turn should better incentivise retail sales growth and assist our manufacturing partners in reinstating credit insurance for future seasons.UK franchiseOn 19 August we completed the detailed contractual arrangements for the appointment of Boots UK Limited ("Boots") as our UK and Republic of Ireland franchise partner. This will be for an initial period of ten years and the terms and royalty rates arrangements are commensurate with those of the Company’s other franchise agreements.Mothercare branded clothing will be available in a large number of Boots stores across the UK and Ireland from this autumn with home and travel products (including pushchairs and car seats) available in larger Boots stores, as well as online at www.boots.com. Boots is at the heart of one of the largest healthcare businesses in the world and Mothercare will dovetail well as the specialist brand for parents and young children in both Boots stores and online.Alshaya GroupWe are also delighted to have entered into a new twenty-year franchise agreement with the Alshaya Group, our most significant franchise partner. We highly value this long-standing and continuing strong commercial relationship, and we look forward to contributing to an extended period of mutually beneficial partnership growth in the future.Other mattersAs previously announced in March this year we emerged from the transaction and execution risks associated with the administration of Mothercare UK Limited and the associated restructuring of the business in November 2019. We reported on 23 January that the administration of Mothercare UK Limited had resulted in a substantial reduction in the amounts owed and, albeit with some potential claims still outstanding, we still estimate the shortfall that the Group may have an obligation to make good as some £10 million. Discussions continue with a number of parties in relation to the potential refinancing of the Group’s debt facilities in line with the guidance given in our most recent announcement of 22 June 2020.In the Transformation Plan Update on 22 June 2020 we also announced that we were reviewing the timetable for publication of our audited annual report and accounts for the year ended 28 March 2020. A combination of factors including the discontinued businesses and COVID-19, have complicated the audit process meaning that more time is necessary in order to finalise the audit and financial statements. As a result, the standard shareholder resolutions relating to receiving the audited financial statements and the auditor’s and directors’ reports, approving the directors’ remuneration report and the re-appointment and remuneration of the auditors will be tabled at a separate “accounts meeting” of shareholders to be held no later than 29 December 2020. Notice of the general meeting and publication of the annual report and accounts will be published in due course. The AGM will be held no later than 30 September 2020 and the notice of meeting will be circulated in due course.Change of Registered OfficeWith effect from 4 August 2020 the Company’s registered office is Westside 1, London Road, Hemel Hempstead, HP3 9TD.EndsFor further information:Mothercare plcinvestorrelations@mothercare.comAndrew Cook, Chief Financial OfficerKevin Rusling, Chief Operating Officer                                                Numis Securities Ltd (Financial Adviser)020 7260 1000Luke BordewichHenry Slater MHP Communications07709 496 125mothercare@mhpc.comSimon HockridgeTim RowntreeAlistair de Kare-Silver