Anuncio • May 24
Hyve Group Announces Removal of the Ordinary Shares from the Official List The Financial Conduct Authority (FCA) removed the Ordinary Shares of 10p each; fully paid, Premium Equity Commercial Companies of Hyve Group Plc from the Official List effective from May 23, 2023. Anuncio • May 23
Cancellation of Listing and Dealings in Hyve Shares Is Expected on 23 May 2023 Hyve Group plc ("Hyve") and Heron UK Bidco Limited ("Bidco") announced that, following the delivery of the Scheme Court Order to the Registrar of Companies on 22 May 2023, the Scheme has now become Effective in accordance with its terms and the entire issued share capital of Hyve is now owned by Bidco. Hyve Shareholders on the register at the Scheme Record Time, being 6:00 p.m. on 19 May 2023, will receive 121 pence in cash for each Scheme Share. Suspension of listing and dealings in Hyve Shares: The listing of Hyve Shares on the premium listing segment of the Official List of the Financial Conduct Authority and the admission to trading of Hyve Shares on the London Stock Exchange's Main Market for listed securities was suspended with effect from 7:30 a.m. on 22 May 2023. Cancellation of listing and dealings in Hyve Shares: An application has been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of Hyve's listing on the premium listing segment of the Official list and the trading of Hyve Shares on the London Stock Exchange's Main Market, which is expected to take place by 8:00 a.m. on 23 May 2023. Settlement: The latest date for the dispatch of cheques to Hyve Shareholders and settlement through CREST for cash consideration due under the Scheme is 5 June 2023. As a result of the Scheme having become Effective, share certificates in respect of Hyve Shares have ceased to be valid documents of title and entitlements to Hyve Shares held in uncertificated form in CREST have been cancelled. Anuncio • May 22
Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index (GBP) Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index (GBP) Anuncio • May 19
De-Listing of Hyve Shares Expected to Take Effect on 23 May 2023 Hyve Group plc ("Hyve") and Heron UK Bidco Limited ("Bidco") announced that the Court has on 18 May 2023 sanctioned the scheme of arrangement under Part 26 of the Companies Act (the "Scheme") by which the recommended cash acquisition of the entire issued and to be issued share capital of Hyve by Bidco (the "Acquisition") is being implemented. The Scheme will become effective upon the Scheme Court Order being delivered to the Registrar of Companies, which is expected to take place on 22 May 2023. Next steps: Applications have been made for the suspension of: (i) trading in Hyve Shares on the London Stock Exchange's Main Market for listed securities and (ii) the listing of Hyve Shares on the premium listing segment of the Official List of the Financial Conduct Authority, and such suspensions are expected to take effect by 8:00 a.m. on 22 May 2023. The last day of dealings in, and for the registration and transfer of, Hyve Shares is therefore expected to be 19 May 2023. The de-listing of Hyve Shares from the premium listing segment of the Official list of the Financial Conduct Authority and the cancellation of the admission to trading of Hyve Shares on the London Stock Exchange's Main Market for listed securities have also been applied for and, subject to the Scheme becoming Effective, are expected to take effect by 8:00 a.m. on 23 May 2023. Anuncio • May 06
Hyve Group Announces Update on its Cancellation of Listing As announced on 3 May 2023, Hyve Group Plc Shareholders voted to approve the Scheme at the Court Meeting and the General Meeting held on 3 May 2023 in connection with the recommended cash offer for the entire issued and to be issued ordinary share capital of Hyve by Heron UK Bidco Limited. The Scheme Court Hearing has been scheduled for 18 May 2023 and the Scheme is therefore expected to become Effective on 22 May 2023. Suspension of listing of, and dealings in, Hyve Shares is expected before markets open on 22 May 2023. Cancellation of listing of Hyve Shares is expected on 23 May 2023. Anuncio • Jan 27
Hyve Group plc Appoints Julie Harris as Non-Executive Director, Effective 2 February 2023 Hyve Group plc announced the appointment of Julie Harris as non-executive director of the board of directors effective 2 February 2023. Julie has a leadership and management background in the media and information technology sectors and is currently Chief Executive Officer of Comparison Technologies, a position she has held since November 2019. Julie has over 25 years' experience of working in B2B and B2C media and events businesses delivering on digital transformation and has been a NED of Which? Ltd. for the last five years. Julie has been in executive leadership roles for over 10 years and has led teams in the UK and internationally, launching, acquiring and growing businesses, developing tech products and driving significant value. Julie has created diverse, inclusive and high-performance environments in the organizations she has been a part of. At Hyve, Julie will take on the role of ESG Committee Chair, providing Board-level oversight of the delivery of the Group's ESG strategy. Anuncio • Jan 25
Hyve Group Plc to Report First Half, 2023 Results on May 16, 2023 Hyve Group Plc announced that they will report first half, 2023 results on May 16, 2023 Anuncio • Jan 04
Hyve Group Plc, Annual General Meeting, Feb 01, 2023 Hyve Group Plc, Annual General Meeting, Feb 01, 2023, at 09:00 Coordinated Universal Time. Location: Hyve Group plc offices, 2 Kingdom Street, London W2 6JG London United Kingdom Reported Earnings • Dec 15
Full year 2022 earnings released: UK£0.086 loss per share (vs UK£0.056 loss in FY 2021) Full year 2022 results: UK£0.086 loss per share (further deteriorated from UK£0.056 loss in FY 2021). Revenue: UK£122.5m (up 122% from FY 2021). Net loss: UK£24.7m (loss widened 68% from FY 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Nick Backhouse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be €0.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 62% in 2 years. Earnings is forecast to grow by 89% in the next 2 years. Reported Earnings • May 27
First half 2022 earnings released: UK£0.043 loss per share (vs UK£0.065 profit in 1H 2021) First half 2022 results: UK£0.043 loss per share (down from UK£0.065 profit in 1H 2021). Revenue: UK£58.6m (up UK£53.7m from 1H 2021). Net loss: UK£12.5m (down 173% from profit in 1H 2021). Over the next year, revenue is forecast to grow 23%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Director Nick Backhouse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 04
Less than half of directors are independent Following Non-Executive Director Anna Bateson's arrival on 01 March 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Director Nick Backhouse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: UK£0.056 loss per share (up from UK£1.72 loss in FY 2020). Revenue: UK£55.2m (down 48% from FY 2020). Net loss: UK£14.8m (loss narrowed 95% from FY 2020). Revenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 135%, compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 21
First half 2021 earnings released: EPS UK£0.059 (vs UK£2.17 loss in 1H 2020) First half 2021 results: Revenue: UK£10.4m (down 89% from 1H 2020). Net income: UK£15.5m (up UK£185.0m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 56% per year. Anuncio • Apr 09
Hyve Group plc Provides Revenue Guidance for the First Half of 2021 Hyve Group Plc provided revenue guidance for the first half of 2021. Revenue for the first half is expected to be approximately £10 million; this includes revenue from Groceryshop Spring Meetup which performed more than 10% ahead of expectations. Is New 90 Day High Low • Feb 17
New 90-day high: €1.62 The company is up 57% from its price of €1.03 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.34 per share. Anuncio • Feb 04
Hyve Group Plc to Report First Half, 2021 Results on May 18, 2021 Hyve Group Plc announced that they will report first half, 2021 results on May 18, 2021 Anuncio • Jan 21
Hyve Group Plc, Annual General Meeting, Jan 21, 2021 Hyve Group Plc, Annual General Meeting, Jan 21, 2021, at 09:00 Coordinated Universal Time. Anuncio • Dec 23
Hyve Group Plc (LSE:HYVE) acquired Retail Meetup, LLC from Anil D. Aggarwal and Simran Rekhi Aggarwal for £27.8 million. Hyve Group Plc (LSE:HYVE) acquired Retail Meetup, LLC from Anil D. Aggarwal and Simran Rekhi Aggarwal for £27.8 million on December 21, 2020. As per terms, Hyve Group Plc paid initial consideration of £18.8 million with an earn out capped at £9.0 million based on the EBITDA of the two events scheduled for fiscal year 2021, payable in the fourth quarter of 2021. The acquisition will be funded through existing debt facilities and cash reserves.
Hyve Group Plc (LSE:HYVE) completed the acquisition of Retail Meetup, LLC from Anil D. Aggarwal and Simran Rekhi Aggarwal on December 21, 2020. Reported Earnings • Dec 02
Full year 2020 earnings released: UK£1.72 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£105.1m (down 52% from FY 2019). Net loss: UK£303.7m (down UK£306.9m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 62% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 02
Revenue beats expectations Revenue exceeded analyst estimates by 0.02%. Over the next year, revenue is expected to shrink by 1.2% compared to a 2.7% growth forecast for the Media industry in Germany. Is New 90 Day High Low • Nov 12
New 90-day high: €1.08 The company is up 20% from its price of €0.89 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.86 per share. Is New 90 Day High Low • Oct 22
New 90-day low: €0.58 The company is down 29% from its price of €0.82 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.59 per share. Anuncio • Oct 06
Management of Hyve Group Plc (LSE:HYVE) acquired businesses in Azerbaijan and Uzbekistan from Hyve Group plc for £9.5 million. Management of Hyve Group Plc (LSE:HYVE) acquired businesses in Azerbaijan and Uzbekistan from Hyve Group plc for £9.5 million on October 1, 2020. Mayfield Merger Strategies acted as the financial advisor to Hyve Group Plc.
Management of Hyve Group Plc (LSE:HYVE) completed the acquisition of businesses in Azerbaijan and Uzbekistan from Hyve Group plc on October 1, 2020. Anuncio • Sep 24
Hyve Group plc Announces Executive Changes, Effective 30 September 2020 Hyve Group plc announced that Andrew Beach, Chief Financial Officer (CFO), has decided to step down from the Board and will leave the Group on 30 September 2020. Andy will remain available over the next few months to ensure a smooth and orderly handover to his internal successor, John Gulliver, currently Group Chief Operating Officer (COO). Is New 90 Day High Low • Sep 23
New 90-day low: €0.68 The company is down 47% from its price of €1.29 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.26 per share. 