Aankondiging • Apr 08
Senior to Make an Application for the Cancellation of Trading of Shares on the Main Market and for the Cancellation of the Listing of Shares on the Official List The boards of Zeus UK Bidco Limited ("BidCo") and Senior plc announced that they have reached agreement on the terms of a recommended cash acquisition pursuant to which BidCo shall acquire the entire issued and to be issued ordinary share capital of Senior (other than the Existing Tinicum Shares) (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. Prior to the Scheme becoming effective, Senior shall make an application for the cancellation of trading of Senior Shares on the Main Market and for the cancellation of the listing of Senior Shares on the Official List, in each case to take effect on or shortly after the Effective Date. The last day of dealings in Senior Shares on the Main Market is expected to be the Business Day immediately prior to the Effective Date and no transfers shall be registered after 6.00 p.m. on that date. On the Effective Date, share certificates in respect of Senior Shares shall cease to be valid and entitlements to Senior Shares held within the CREST system shall be cancelled. It is also proposed that, following the Effective Date and after its shares are delisted, Senior shall be re-registered as a private limited company. Aankondiging • Apr 02
Arcline Investment Management LP cancelled the acquisition of Senior plc (LSE:SNR). Arcline Investment Management LP proposed to acquire Senior plc (LSE:SNR) on February 21, 2026. A cash consideration will be paid by Arcline Investment Management LP.
Richard Shaw, Louise Campbell and James Cliffe of Lazard & Co., Limited acted as financial advisor for Senior plc. Chris Squire and Sam Barnett of Jefferies International Limited acted as financial advisor for Senior plc. Jonathan Wilcox and Will Wickham of Numis Securities Limited acted as financial advisor for Senior plc.
Arcline Investment Management LP cancelled the acquisition of Senior plc (LSE:SNR) on April 1, 2026. Aankondiging • Mar 13
Senior plc, Annual General Meeting, May 08, 2026 Senior plc, Annual General Meeting, May 08, 2026. Location: the offices of senior plc, 59 61 high street, rickmansworth, hertfordshire, wd3 1rh, United Kingdom Aankondiging • Mar 06
Senior plc Confirms Receipt of Preliminary Non-Binding All-Cash Offer from Arcline Investment Management Further to its announcements on February 27, 2026 and March 3, 2026 regarding the receipt of all-cash proposals for its entire issued and to be issued share capital, Senior plc (LSE:SNR) ("Senior" or the "Company") notes the recent media speculation. Senior confirms that, on February 21, 2026, it received a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. ("Arcline") to acquire the entire issued and to be issued share capital of the Company. Discussions with Arcline and other potential offerors remain ongoing. There can be no certainty that an offer will be made, nor as to the terms of any offer. A further announcement will be made as and when appropriate. As previously announced on February 27, 2026 and March 3, 2026, the Panel Executive has granted a dispensation from the requirements of Rules 2.4(a) and 2.4(b) of the Code such that the Company is not required to identify in any announcement any potential offeror with which the Company is in talks, or from which an approach has been received, unless that potential offeror has been specifically identified in any rumour or speculation (as is the case in respect of Arcline in this announcement). In accordance with Rule 2.6(a) of the Code Arcline is required, by no later than April 1, 2026, being 28 days following the date of this announcement, either to announce a firm intention to make an offer for Senior in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Senior, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This announcement is being made by Senior without the consent of Arcline. Aankondiging • Mar 05
Arcline Investment Management LP proposed to acquire Senior plc (LSE:SNR). Arcline Investment Management LP proposed to acquire Senior plc (LSE:SNR) on February 21, 2026. A cash consideration will be paid by Arcline Investment Management LP.
Richard Shaw, Louise Campbell and James Cliffe of Lazard & Co., Limited acted as financial advisor for Senior plc. Chris Squire and Sam Barnett of Jefferies International Limited acted as financial advisor for Senior plc. Jonathan Wilcox and Will Wickham of Numis Securities Limited acted as financial advisor for Senior plc. Aankondiging • Feb 27
Advent International Confirms It Is Considering A Possible Offer for Senior plc Advent International Limited, in its capacity as adviser to Advent International, L.P., the manager of and /or adviser to certain private equity funds ("Advent") notes the recent press speculation and confirms that it is considering a possible offer for Senior plc (LSE:SNR). There can be no certainty that an offer will be made for Senior nor as to the terms on which any offer might be made. A further announcement will be made in due course when appropriate. In accordance with Rule 2.6(a) of the Code, Advent must, by not later than 5.00 pm (London time) on 27 March 2026, either announce a firm intention to make an offer for Senior in accordance with Rule 2.7 of the Code or announce that Advent does not intend to make an offer for Senior, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. Rule 2.4(c)(iii) Disclosure: Advent confirms that it is not aware of any dealings in Senior shares that would require it to offer a minimum level, or particular form, of consideration under Rule 6 or Rule 11 of the Code. However, prior to this announcement it has not been practicable for Advent to make enquiries of all persons acting in concert with it to determine whether any dealings in Senior shares by such persons give rise to a requirement under Rule 6 or Rule 11 of the Code for Advent, if it were to make an offer, to offer any minimum level, or particular form, of consideration. Any such details shall be announced as soon as practicable and in any event by no later than the deadline for Advent's Opening Position Disclosure. Aankondiging • Jan 02
Sullivan Street Partners Limited completed the acquisition of Aerostructures business of Senior plc from Senior plc (LSE:SNR). Sullivan Street Partners Limited agreed to acquire Aerostructures business of Senior plc from Senior plc (LSE:SNR) for £200 million on July 17, 2025. A cash consideration of £150 million will be paid by Sullivan Street Partners Limited. As part of consideration, £200 million is paid towards assets of Aerostructures business of Senior plc. The transaction comprises a sale of the assets of the US businesses Senior Aerospace AMT / Damar, Senior Aerospace Jet / Ketema; the assets of the UK business Senior Aerospace Weston; all of the issued shares held in Upeca Aerotech Sdn. Bhd (Malaysia); and all of the issued shares held in Senior Aerospace (Thailand) Limited.
For the period ending December 31, 2024, Aerostructures business of Senior plc reported total revenue of £272.4 million, operating loss of £6.5 million and net loss of £9.4 million. As of December 31, 2024, Aerostructures business of Senior plc reported total assets of £273.8 million and total common equity of £167.8 million. The sale of Aerostructures to Sullivan Street Partners for a total enterprise value of up to £200m, representing 13.1x 2024 EBITDA. The transaction proceeds will be used to reduce net debt and fund a c.£40m share buyback programme.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is September 1, 2025 to December 31, 2025. Richard Shaw and James Cliffe of Lazard Freres & Co. Ltd acted as financial advisor to Senior plc. Victoria MacDuff, Aleezeh Liaqat, Mike Lane, Phil Linnard, Lorna Nsoatabe, John Nevin , Ed Fife and David Ives of Slaughter and May acted as legal advisor to Senior plc. Steen Associates Limited acted as Financial advisor to Sullivan Street Partners Limited. Electra Callan, Christopher Chubb, tuart Brinkworth, Alex Dell, Janelene Chen, Ben Eaton, Timothy Keeler, Michael Liebner, Jason Hungerford and Paul Whitfield-Jones,Iain Roberts,Tim Baines, Miriam Bruce and Mark Hills of Mayer Brown International LLP acted as legal advisor to Sullivan Street Partners Limited.
Sullivan Street Partners Limited completed the acquisition of Aerostructures business of Senior plc from Senior plc (LSE:SNR) on December 31, 2025. Aankondiging • Nov 22
Senior plc Provides Earnings Guidance for the Year 2025 Senior plc provided earnings guidance for the year 2025. The board anticipates full year Group performance to be comfortably above previous expectations. Aankondiging • Nov 20
Senior plc to Report Fiscal Year 2025 Results on Mar 02, 2026 Senior plc announced that they will report fiscal year 2025 results on Mar 02, 2026 Aankondiging • Aug 04
Senior plc Approves an Interim Dividend, Payable on 14 November 2025 Senior plc Board has approved an interim dividend of 0.85 pence per share, representing a 13% increase compared to the prior year (first half 2024: 0.75 pence). This will be paid on 14 November 2025 to shareholders on the register at the close of business on 17 October 2025. Aankondiging • Jul 18
Senior plc (LSE:SNR) announces an Equity Buyback for £40 million worth of its shares. Senior plc (LSE:SNR) announces a share repurchase program. Under the program, the company will repurchase up to £40 million worth of its shares. Repurchases will be funded from cash proceeds arising from the sale of Aerostructures business. Aankondiging • Jul 03
Senior plc to Report First Half, 2025 Results on Aug 04, 2025 Senior plc announced that they will report first half, 2025 results on Aug 04, 2025 Aankondiging • Apr 30
Sullivan Street Reportedly Nears Deal for Senior's Aerostructures Unit Investment firm Sullivan Street Partners Limited is nearing a deal for British engineering group Senior plc (LSE:SNR)’s aerostructures unit, which supplies components to Airbus SE and Boeing Co., people with knowledge of the matter said. London-based Sullivan Street could reach a final agreement with Senior in the coming weeks, the people said, asking not to be identified because the information is private. A deal would value Senior’s aerostructures operations at about £200 million ($268 million) including debt, the people said. Sullivan Street is poised to beat out other suitors including investment firm AURELIUS Equity Opportunities SE & Co. KGaA (HMSE:AR40), the people said. While talks are advanced, an agreement could still be delayed or fall apart, the people said. Representatives for Senior and Aurelius declined to comment. A spokesperson for Sullivan Street couldn’t be reached for comment. Senior said last week that it had made “further good progress” and “detailed discussions with parties are ongoing.” A sale would end a long search by the company, which has been working with adviser Lazard Inc. to sell the aerostructures business since 2019. Aankondiging • Mar 08
Senior plc, Annual General Meeting, Apr 25, 2025 Senior plc, Annual General Meeting, Apr 25, 2025. Location: the offices of senior plc, 59 61 high street, wd3 1rh, rickmansworth United Kingdom Aankondiging • Jan 17
Senior plc to Report Fiscal Year 2024 Results on Mar 03, 2025 Senior plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Mar 03, 2025 Aankondiging • Jan 03
Senior plc Announces Retirement of Susan Brennan as Independent Non-Executive Director, Member of the Audit, Nominations and Remuneration Committees Having reached the ninth anniversary of her initial appointment to the Senior plc Board as an independent non-executive Director, Susan Brennan will be retiring from the Board and as a member of the Audit, Nominations and Remuneration Committees at the conclusion of the Company's next Annual General Meeting which is due to be held in April 2025. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 19% over the past three years. New Risk • Sep 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Aug 07
First half dividend of UK£0.0075 announced Shareholders will receive a dividend of UK£0.0075. Ex-date: 17th October 2024 Payment date: 15th November 2024 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 93% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 06
First half 2024 earnings released: EPS: UK£0.026 (vs UK£0.028 in 1H 2023) First half 2024 results: EPS: UK£0.026 (down from UK£0.028 in 1H 2023). Revenue: UK£501.4m (up 4.0% from 1H 2023). Net income: UK£10.9m (down 6.0% from 1H 2023). Profit margin: 2.2% (down from 2.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Jul 29
Senior plc to Report First Half, 2024 Results on Aug 05, 2024 Senior plc announced that they will report first half, 2024 results on Aug 05, 2024 Aankondiging • Jul 01
Senior plc Appoints Zoe Clements as A Non-Executive Director, Effective 1 September 2024 Senior plc announced the appointment of Zoe Clements as a non-executive Director with effect from 1 September 2024. Zoe Clements is an investment, private equity and finance professional with over 15 years of board experience, and over 25 years of executive experience, notably in a private equity context. She has previously sat on a range of consumer, retail, leisure, healthcare and professional services boards as a non-executive Director. She is a current non-executive Director of Pantheon International Plc and of JPMorgan Emerging Markets Investment Trust plc, and is also a Member of the Social Investment Advisory Committee of the Growth Impact Fund and a Trustee of the Money and Mental Health Policy Institute. She qualified as a Chartered Accountant with PwC. Other than her roles as non-executive Director of Pantheon International Plc and of JPMorgan Emerging Markets Investment Trust plc, Zoe Clements does not hold, or has not held in the past 5 years any position where she is or was acting in the capacity of a director of a publicly quoted company. As a Director of Senior plc, she will also be a member of the Company's Audit, Remuneration and Nominations Committees. Upcoming Dividend • Apr 25
Upcoming dividend of UK£0.017 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%). Aankondiging • Mar 09
Senior plc, Annual General Meeting, Apr 26, 2024 Senior plc, Annual General Meeting, Apr 26, 2024, at 11:30 Coordinated Universal Time. Location: the offices of Senior plc, 59-61 High Street, Rickmansworth, WD3 1RH Rickmansworth United Kingdom Declared Dividend • Mar 07
Final dividend of UK£0.017 announced Shareholders will receive a dividend of UK£0.017. Ex-date: 2nd May 2024 Payment date: 31st May 2024 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (171% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.9% EPS decline seen over the last 5 years. Aankondiging • Mar 05
Senior plc Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 31 May 2024 Senior plc has proposed a final dividend of 1.70 pence per share for the year ended 31 December 2023 (2022 - 1.00 pence). This will be paid on 31 May 2024 to shareholders on the register at close of business on 3 May 2024. This brings the total dividends, paid and proposed for 2023, to 2.30 pence per share (2022 - 1.30 pence). Reported Earnings • Mar 04
First half 2023 earnings released: EPS: UK£0.028 (vs UK£0.024 in 1H 2022) First half 2023 results: EPS: UK£0.028 (up from UK£0.024 in 1H 2022). Revenue: UK£482.3m (up 20% from 1H 2022). Net income: UK£11.6m (up 15% from 1H 2022). Profit margin: 2.4% (down from 2.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 4 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Aankondiging • Feb 27
Senior plc to Report Fiscal Year 2023 Results on Mar 04, 2024 Senior plc announced that they will report fiscal year 2023 results on Mar 04, 2024 Aankondiging • Nov 20
Senior plc Reaffirms Earnings Guidance for the Full Year 2023 Senior plc reaffirmed earnings guidance for the full year 2023. For the period, the company expected strong growth for the Group in 2023 are unchanged. Aankondiging • Nov 10
Senior plc Appoints Joe Vorih as A Non-Executive Director with Effect from 1 January 2024 Senior plc announced the appointment of Joe Vorih as a non-executive Director with effect from 1 January 2024. Since February 2022, Joe Vorih has been the Chief Executive Officer of Genuit Group plc, a leading provider of sustainable water, climate and ventilation products and systems. Joe was previously president of HBK, a division of and key platform business within Spectris plc. Prior to that, he worked for Clarcor Corporation, a NYSE listed business delivering filtration solutions and Danaher Corporation, also a US listed global business in industrial, test and medical equipment. He has a Bachelor of Science and a Master of Science in Mechanical Engineering from the Massachusetts Institute of Technology and an MBA from Rensselaer Polytechnic Institute. Other than his role as the Chief Executive Officer of Genuit Group plc, Joe Vorih does not hold, or has not held in the past 5 years any position where he is or was acting in the capacity of a director of a publicly quoted company. As a Director of Senior plc, he shall also be a member of the Company's Audit, Remuneration and Nominations Committees. Reported Earnings • Aug 01
First half 2023 earnings released: EPS: UK£0.028 (vs UK£0.024 in 1H 2022) First half 2023 results: EPS: UK£0.028 (up from UK£0.024 in 1H 2022). Revenue: UK£482.3m (up 20% from 1H 2022). Net income: UK£11.6m (up 15% from 1H 2022). Profit margin: 2.4% (down from 2.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Aankondiging • Jul 04
Senior plc to Report First Half, 2023 Results on Jul 31, 2023 Senior plc announced that they will report first half, 2023 results on Jul 31, 2023 Upcoming Dividend • Apr 20
Upcoming dividend of UK£0.01 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.4%). Recent Insider Transactions • Mar 17
Key Executive recently sold €54k worth of stock On the 9th of March, Bindi Foyle sold around 28k shares on-market at roughly €1.90 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Bindi's only on-market trade for the last 12 months. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: UK£0.049 (vs UK£0.058 in FY 2021) Full year 2022 results: EPS: UK£0.049 (down from UK£0.058 in FY 2021). Revenue: UK£848.4m (up 29% from FY 2021). Net income: UK£20.2m (down 17% from FY 2021). Profit margin: 2.4% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Aankondiging • Jan 24
Senior plc to Report Fiscal Year 2022 Results on Feb 27, 2023 Senior plc announced that they will report fiscal year 2022 results on Feb 27, 2023 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 15% share price gain to €1.58, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 5.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.77 per share. Buying Opportunity • Dec 28
Now 22% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be €1.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 21% in a year. Earnings is forecast to grow by 46% in the next year. Aankondiging • Nov 29
Senior plc (LSE:SNR) acquired substantially all of the assets of Spencer Aerospace Manufacturing, LLC for approximately $100 million. Senior plc (LSE:SNR) signed a definitive agreement to acquire substantially all of the assets of Spencer Aerospace Manufacturing, LLC for approximately $100 million on June 9, 2022. Senior will pay $60 million for Spencer Aerospace, comprising an initial consideration of $30 million in cash at completion and a further $30 million 12 months after completion. An additional $40 million is potentially payable in milestone amounts, dependent on the financial performance of Spencer Aerospace, during the period between completion of the acquisition and 31 December 2026. The final earnout milestone would become payable upon Spencer Aerospace's annual revenue reaching $40 million, representing revenue growth to more than 300% of expected 2022 revenue. The transaction will be funded using the Group's existing borrowing facilities. Spencer had Revenue of $5.9 million, gross assets of $12 million and EBITDA loss $1.9 million as of December 31, 2021. The current management team will remain with the Company following acquisition. The acquisition is subject to customary closing conditions. The acquisition is expected to complete in Q3 2022. The transaction is expected to be accretive to adjusted earnings per share in the first full year of ownership. As of September 16, 2022, final regulatory approval is likely to be received around the end of 2022, at which point Senior and Spencer Aerospace expect the acquisition to complete.
Senior plc (LSE:SNR) completed the acquisition of substantially all of the assets of Spencer Aerospace Manufacturing, LLC on November 28, 2022. Reported Earnings • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£19.6m from profit in 1H 2021). Profit margin: (down from 5.9% in 1H 2021). Over the next year, revenue is forecast to grow 13%, compared to a 26% growth forecast for the industry in Germany. Aankondiging • Jul 12
Senior plc to Report First Half, 2022 Results on Aug 01, 2022 Senior plc announced that they will report first half, 2022 results on Aug 01, 2022 Aankondiging • Jun 10
Senior plc (LSE:SNR) signed a definitive agreement to acquire substantially all of the assets of Spencer Aerospace Manufacturing, LLC for approximately $100 million. Senior plc (LSE:SNR) signed a definitive agreement to acquire substantially all of the assets of Spencer Aerospace Manufacturing, LLC for approximately $100 million on June 9, 2022. Senior will pay $60 million for Spencer Aerospace, comprising an initial consideration of $30 million in cash at completion and a further $30 million 12 months after completion. An additional $40 million is potentially payable in milestone amounts, dependent on the financial performance of Spencer Aerospace, during the period between completion of the acquisition and 31 December 2026. The final earnout milestone would become payable upon Spencer Aerospace's annual revenue reaching $40 million, representing revenue growth to more than 300% of expected 2022 revenue. The transaction will be funded using the Group's existing borrowing facilities. Spencer had Revenue of $5.9 million, gross assets of $12 million and EBITDA loss $1.9 million as of December 31, 2021. The current management team will remain with the Company following acquisition. The acquisition is subject to customary closing conditions. The acquisition is expected to complete in Q3 2022. The transaction is expected to be accretive to adjusted earnings per share in the first full year of ownership. Recent Insider Transactions • Mar 03
Independent Chairman recently bought €170k worth of stock On the 1st of March, Ian King bought around 100k shares on-market at roughly €1.70 per share. This was the largest purchase by an insider in the last 3 months. Ian has been a buyer over the last 12 months, purchasing a net total of €308k worth in shares. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.058 (up from UK£0.38 loss in FY 2020). Revenue: UK£658.7m (down 10% from FY 2020). Net income: UK£24.2m (up UK£182.7m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.9%, compared to a 17% growth forecast for the industry in Germany. Aankondiging • Feb 24
Senior plc to Report Fiscal Year 2021 Results on Feb 28, 2022 Senior plc announced that they will report fiscal year 2021 results on Feb 28, 2022 Aankondiging • Jun 23
Lone Star Global Acquisitions, Ltd. cancelled the acquisition of Senior plc (LSE:SNR). Lone Star Global Acquisitions, Ltd. made a preliminary conditional proposal to acquire Senior plc (LSE:SNR) for approximately £740 million on May 20, 2021. Pursuant to the terms of the proposal, Lone Star Global Acquisitions, Ltd. will acquire all the issued and outstanding shares in Senior plc at £1.76 per share. On June 14, 2021, Lone Star made bid of £1.85 per share. On June 21, 201 Lone Star made a fifth and final proposal of £2 per share.There can be no certainty that an offer will be made. Lone Star Global Acquisitions, Ltd., is required, by no later than June 25, 2021, being 28 days after today's date, to either announce a firm intention to make an offer for Senior plc in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. On May 21, 2021, the Board of Directors of Senior plc unanimously rejected the proposal as it fundamentally undervalued Senior and its future prospects. On June 15, 2021, the bid got rejected.by the Board of Senior. The final proposal is subject to a number of customary pre-conditions, including the satisfactory completion of due diligence. As required by Rule 2.6(a) of the Code, Lone Star must, by not later than on June 25, 2021, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. Richard Shaw and Louise Campbell of Lazard & Co., Limited acted as financial advisors to Senior plc and Chris Emmerson of Goldman Sachs International acted as financial advisor to Lone Star Global Acquisitions, Ltd.
Lone Star Global Acquisitions, Ltd. cancelled the acquisition of Senior plc (LSE:SNR) on June 22, 2021. As on June 22, 2021, the Board unanimously rejected this fifth and final proposal. As per Board the offer continues to fundamentally undervalue Senior and its future prospects. Recent Insider Transactions • Mar 19
Independent Chairman recently bought €137k worth of stock On the 17th of March, Ian King bought around 100k shares on-market at roughly €1.37 per share. This was the largest purchase by an insider in the last 3 months. Ian has been a buyer over the last 12 months, purchasing a net total of €392k worth in shares. Aankondiging • Mar 12
Senior plc, Annual General Meeting, Apr 23, 2021 Senior plc, Annual General Meeting, Apr 23, 2021, at 08:00 Coordinated Universal Time. Location: 59/61 High Street, Rickmansworth, WD3 1RH Rickmansworh United Kingdom Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 5.8% compared to a 18% growth forecast for the Aerospace & Defense industry in Germany. Reported Earnings • Mar 10
Full year 2020 earnings released: UK£0.38 loss per share (vs UK£0.07 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£733.6m (down 34% from FY 2019). Net loss: UK£158.5m (down UK£187.7m from profit in FY 2019). Aankondiging • Mar 06
PCX Aerostructures, LLC entered into an agreement to acquire Senior Aerospace Connecticut from Senior plc (LSE:SNR) for $74 million. PCX Aerostructures, LLC entered into an agreement to acquire Senior Aerospace Connecticut from Senior plc (LSE:SNR) for $74 million on March 5, 2021. The consideration is payable in cash at completion and subject to customary completion adjustments. The transaction is expected to close in first half of 2021, subject to customary closing conditions. The net proceeds will be used to further strengthen Senior's balance sheet and provide greater flexibility for the Senior group to operate within its capital deployment framework. Lazard & Co., Limited acted as financial advisor, and Buchanan Ingersoll & Rooney PC as legal advisor to Senior on the transaction. Aankondiging • Feb 23
Senior plc to Report Fiscal Year 2020 Final Results on Mar 08, 2021 Senior plc announced that they will report fiscal year 2020 final results on Mar 08, 2021 Aankondiging • Jan 28
Senior plc(LSE:SNR) dropped from FTSE 350 Index (GBP) Senior plc(LSE:SNR) dropped from FTSE 350 Index (GBP) 
