RNS Number: 6612 V FTSE Russell 09 April 2019. Debenhams: Constituent Deletion Changes in FTSE UK Index Series. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
NOTICE TO THE HOLDERS OF THE DEBENHAMS PLC £225,000,000 5.25 PER CENT. Immediately following their appointment, the Joint Administrators sold the Company's shares in the Group, to Celine UK Newco I Limited, an entity owned by certain of the Company's secured lenders following which Celine UK Newco I Limited acceded to the trust deed governing the Notes as an...
RNS Number: 6359 V Debenhams plc 09 April 2019 9 April 2019 FOR IMMEDIATE RELEASE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. Underlying business has access to £200 m funding;.
Department stores group Debenhams has asked for its shares to be suspended with immediate effect and warned that it is set to hand control of its operating businesses to its lenders, wiping out the shareholders' equity. The company states that transferring its subsidiaries into “the ownership of a lender-approved entity” would ensure the “stability and continuing trading” of its subsidiaries, with “no disruption” to the group's business, customers, employees, pension holders, suppliers or operations. An offer by Sports Direct international, which owns nearly 30% of the group, to underwrite a £200m rescue fundraising has been rejected by Debenhams’ board and lenders. Sports Direct says it continues to consider a £61m takeover of the company at 5p per share.
RNS Number: 5850 V Debenhams plc 09 April 2019 9 April 2019 FOR IMMEDIATE RELEASE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THIS ANNOUNCEMENT CONTAINS PRICE SENSITIVE INFORMATION.
RNS Number: 5825 V Debenhams plc 09 April 2019 9 April 2019 FOR IMMEDIATE RELEASE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. The Board confirms that it received a revised,...
RNS Number: 4652 V Debenhams plc 08 April 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4633 V Debenhams plc 08 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Debenhams (DEB) shares were back in ascendence this morning after its largest shareholder Sports Direct (SPD) addressed press speculation that it has offered to underwrite a £150m equity issuance by the struggling department store chain. The offer is still conditional on Mike Ashley being appointed Debenhams’ new chief executive and on the company’s lenders writing off £148m-worth of debt. In Sports Direct’s view, the equity issuance would “form part of a comprehensive refinancing” of the company. The sports chain is still deliberating a potential takeover offer for Debenhams – first mooted at the end of March – although it has until 22 April to make a firm offer for the company. We remain sellers of Debenhams.
RNS Number: 4362 V Debenhams plc 08 April 2019 FORM 8. PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER. Rules 8.1 and 8.2 of the Takeover Code.
Sports Direct International Plc (SPD.L) Announced that it continues to seek to constructively engage with the Debenhams board and, as one of a number of potential options under consideration, it has made a proposal to Debenhams under which it would underwrite a £150 million pre-emptive equity issuance to existing Debenhams shareholders. The company also wishes to confirm that, in addition to consideration of the Equity Issuance, it continues to give active consideration to its pre-conditional possible offer for Debenhams at 5p in cash per ordinary share announced on 25 March 2019 (the "Possible Offer").
Sports Direct International has confirmed that it has made a proposal to underwrite a £150m equity issue by Debenhams. The issue, which would be on a pre-emptive basis to existing Debenhams shareholders, would form part of a comprehensive refinancing. It would require Sports Direct founder Mike Ashley to be installed as Debenhams' chief executive, while the department store group’s lenders would have to agree to a debt write-off at £148m. The equity issue would be an alternative to Sports Direct’s £61m pre-conditional possible offer for Debenhams at 5p per share. Sports Direct already holds a 29.9% stake in the group. Sports Direct has until April 22 to announce a firm intention to make an offer and says it continues to actively evaluate all possible options to support the company.
RNS Number: 3444 V Debenhams plc 05 April 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3436 V Debenhams plc 05 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8309 U Debenhams plc 02 April 2019 TR-1. Paul Eardley, Company Secretary, Tel: 020 3549 6000. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8283 U Debenhams plc 02 April 2019 TR-1. Paul Eardley, Company Secretary, Tel: 020 3549 6000. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Debenhams Plc
DEB.L
Debenhams Plc
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  • SHARES IN ISSUE
    1.23B

Company Profile

Debenhams is leading international, multi-channel brand with a proud British heritage which trades out of 240 stores across 28 countries. Co's gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions. Co's has a top four market share in womenswear and menswear and a top ten share in childrenswear. It leads the market in premium health and beauty.

Classification

Market Indices-

Locations

HQ
Regent's Place
10 Brock Street
London
NW1 3FG
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