Announcement • Jul 02
De La Rue plc(LSE:DLAR) dropped from FTSE All-Share Index (GBP) De La Rue plc(LSE:DLAR) dropped from FTSE All-Share Index (GBP) Announcement • Jun 19
De La Rue Expects Shares Cancelation Effective July 03 On 15 April 2025,the boards of directors of ACR Bidco Limited ("Bidco") and De La Rue plc ("De La Rue") announced that they had reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of De La Rue (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Act 2006 (the "Scheme"). On 9 May 2025, De La Rue published a scheme document in connection with the Acquisition, setting out the terms and conditions of the Scheme (the "Scheme Document"). On 3 June, the requisite approvals from Shareholders for the implementation of the Scheme were obtained and on 11 June we announced that the Secretary of State had confirmed to Bidco and De La Rue that no further action would be taken in relation to the Acquisition under the National Security and Investment Act 2021. The Company expects Scheme Court Hearing on 30 June 2025, Suspension of listing of, and dealings in, De La Rue Shares by 7.30 a.m. on 2 July 2025 with Effective Date 2 July 2025. Cancellation of listing on the Official List and trading on the Main Market of De La Rue Shares expected to be on 8.00 a.m. on 3 July 2025. Announcement • Apr 17
Atlas FRM LLC agreed to acquire De La Rue plc (LSE:DLAR) from Schroder Investment Management Limited, Crystal Amber Fund Limited (AIM:CRS), managed by Crystal Amber Asset Management (Guernsey) Limited, Richard Griffiths and others for approximately £250 million. Atlas FRM LLC agreed to acquire De La Rue plc (LSE:DLAR) from Schroder Investment Management Limited, Crystal Amber Fund Limited (AIM:CRS), managed by Crystal Amber Asset Management (Guernsey) Limited, Richard Griffiths and others for approximately £250 million on April 15, 2025. The cash consideration payable to the De La Rue Shareholders under the terms of the Acquisition is intended to be financed by equity funding to be invested indirectly by the Atlas Funds.
De La Rue Directors, who have been so advised by Deutsche Numis as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. Accordingly, the De La Rue Directors intend to recommend unanimously that the De La Rue Shareholders vote or procure votes in favour of the Scheme at the Court Meeting and the Resolution to be proposed at the General Meeting. Bidco has received irrevocable undertakings or a letter of intent to vote or procure votes in favour of the Scheme at the Court Meeting and the Resolution to be proposed at the General Meeting (or, if Bidco exercises its right to implement the Acquisition by way of a Takeover Offer, to accept such offer) with respect to a total of 79.14% De La Rue Shares (representing approximately 40.30% of the De La Rue Shares in issue on April 14, 2025. Once the approvals have been obtained at the Court Meeting and the General Meeting and the other Conditions have been satisfied or (where applicable) waived, the Scheme must be sanctioned by the Court at the Sanction Hearing before it can become Effective. The Acquisition is conditional, amongst other things, upon: a) the approval of the Scheme by a majority in number representing not less than 75% in value of the Scheme Shareholders entitled to vote and present and voting, either in person or by proxy, at the Court Meeting (or at any adjournment, postponement or reconvention of such meeting) on or before the 22nd day after the expected date of the Court Meeting to be set out in the Scheme Document in due course (or such later date as may be agreed between Bidco and De La Rue and the Court may allow); b) the passing of the Resolution necessary to implement the Scheme by the requisite majority at the General Meeting to be held on or before the 22nd day after the expected date of the General Meeting to be set out in the Scheme Document (or such later date, if any, as Bidco and De La Rue may agree and the Court may allow); c) satisfaction of the NSIA Condition; and d) satisfaction of the NFDISO Condition. The deal has been unanimously approved by the board of De La Rue. The acquisition is currently expected to be completed during the third quarter of 2025, subject to the satisfaction or (where applicable) waiver of the conditions. an expected timetable of key events relating to the acquisition will be provided in the scheme document.
Jonathan Wilcox, Luke Bordewich and Kevin Cruickshank of Numis Securities Limited acted as financial advisor and David Weinberg of Lazard & Co., Limited acted as financial advisor to Atlas FRM LLC. King & Spalding International LLP acted as legal advisor to Atlas FRM. Bird & Bird LLP acted as legal advisor to De La Rue. Computershare Investor Services PLC acted as information agent to De La Rue. Announcement • Jan 09
Disruptive Capital GP Limited and Pension SuperFund Capital entities proposed to acquire De La Rue plc (LSE:DLAR) for £245 million. Disruptive Capital GP Limited and Pension SuperFund Capital entities proposed to acquire De La Rue plc (LSE:DLAR) for £245 million on January 9, 2025.Disruptive Capital GP Limited and Pension SuperFund Capital entities have received a preliminary possible conditional cash offer from the PSFC Entities of £1.25 per share The Possible Cash Offer would be conditional, amongst other things, on the successful completion of the already announced planned sale of the Authentication division to Crane NXT, Co., waivable at the PSFC Entities' discretion. Jonathan Wilcox, Luke Bordewich and Kevin Cruickshank of Numis Securities Limited acted as financial advisor and Stuart Donnelly and Ed Brown of Brunswick Group and Brunswick Group LLP acted as financial advisor to De La Rue. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Brian Small was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 13
De La Rue plc Confirms Discussions with Disruptive Capital GP Limited and Pension Superfund Capital Entities De La Rue plc (LSE:DLAR) ("De La Rue" or the "Company") noted the recent press speculation regarding a possible offer for the Company. The Board of De La Rue confirmed that, whilst it has not received an offer for the whole Company, it is in discussions with Disruptive Capital GP Limited and Pension SuperFund Capital entities (together the "PSFC Entities") regarding a proposal to take a possible equity stake in the business. The PSFC Entities have indicated that they are not seeking statutory control of the Company and have confirmed their support for the Company's management and current strategy, including the announced disposal of the Authentication division and the ongoing discussions with other parties in relation to the Company's Currency division. The latest proposal received is in relation to a possible partial offer for up to forty per cent. of the issued share capital of De La Rue at £1.25 per share (the "Partial Offer"). Consent of the Takeover Panel would be needed for the making of such a Partial Offer, which would also be subject to the approval of De La Rue's Shareholders. Discussions with other parties in relation to the disposal of the Group's Currency division also continue to progress. At this stage there can be no certainty that any proposal to acquire the Currency division will be made, nor as to its terms. Following this announcement and the possibility of a Partial Offer which could result in the PSFC Entities being interested in shares carrying 30 per cent. or more of the voting rights of De La Rue, the Company is now considered to be in an "offer period" as defined in the Code, and the dealing disclosure requirements listed below will apply. Rule 2.6(a) of the Code requires that the PSFC Entities must, by no later than 5.00 p.m. on 9 January 2025, being the 28th day following the date of this announcement, either announces a firm intention to make a Partial Offer for De La Rue in accordance with Rule 2.7 of the Code or announces that it does not intend to make a Partial Offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. Announcement • Nov 27
De La Rue plc to Report First Half, 2025 Results on Dec 12, 2024 De La Rue plc announced that they will report first half, 2025 results on Dec 12, 2024 New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Buy Or Sell Opportunity • Jul 30
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €1.16. The fair value is estimated to be €0.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 26
Full year 2024 earnings released: UK£0.10 loss per share (vs UK£0.29 loss in FY 2023) Full year 2024 results: UK£0.10 loss per share (improved from UK£0.29 loss in FY 2023). Revenue: UK£310.3m (down 11% from FY 2023). Net loss: UK£20.0m (loss narrowed 64% from FY 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Jul 26
De La Rue plc, Annual General Meeting, Sep 25, 2024 De La Rue plc, Annual General Meeting, Sep 25, 2024. New Risk • Jul 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • Apr 17
De La Rue plc to Report Fiscal Year 2024 Results on Jun 18, 2024 De La Rue plc announced that they will report fiscal year 2024 results on Jun 18, 2024 Reported Earnings • Dec 21
First half 2024 earnings released: UK£0.062 loss per share (vs UK£0.13 loss in 1H 2023) First half 2024 results: UK£0.062 loss per share (improved from UK£0.13 loss in 1H 2023). Revenue: UK£161.5m (down 1.7% from 1H 2023). Net loss: UK£12.2m (loss narrowed 50% from 1H 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Oct 07
De La Rue plc to Report Q2, 2024 Results on Dec 19, 2023 De La Rue plc announced that they will report Q2, 2024 results on Dec 19, 2023 Announcement • Sep 08
De La Rue plc Announces Executive Changes, Effective September 8, 2023 De La Rue plc announced, Margaret Rice-Jones will be retiring from the Board at annual general meeting. Further to her retirement, and as previously announced appointment of Brian Small to the Board on 8 September 2023. He will take over Margaret's role as Chair of the Remuneration Committee, as well as joining the Audit, Ethics and Nominations Committees. Margaret's role as Senior independent Director will be taken over by Nick Bray as he relinquishes his role of Audit Committee Chair to Mark Hoad. Announcement • Aug 12
De La Rue plc Appoints Brian Small as A Non-Executive Director to the Board, Effective 8 September 2023 De La Rue plc announced that it has appointed Brian Small as a Non-Executive Director to the Board, effective 8 September 2023. He is a chartered accountant and an experienced FTSE 250 CFO with broad general management experience in retail, wholesale and consumer-branded manufacturing. Brian was the CFO for JD Sports Fashion plc from 2004 to 2018 before retiring to focus on non-executive roles. He was also a non-executive director of Boohoo.com from 2019 to earlier in 2023. Brian is currently an independent Non-Executive Director at Pendragon plc and Mothercare plc (where he is also chair of the Audit and Risk Committee). Accordingly, the Board believes that Brian's broad sector experience, financial and city background make him a valuable addition to the Company's Board. Announcement • Jul 23
De La Rue plc, Annual General Meeting, Sep 07, 2023 De La Rue plc, Annual General Meeting, Sep 07, 2023. Reported Earnings • Jun 30
Full year 2023 earnings released: UK£0.29 loss per share (vs UK£0.11 profit in FY 2022) Full year 2023 results: UK£0.29 loss per share (down from UK£0.11 profit in FY 2022). Revenue: UK£349.7m (down 6.8% from FY 2022). Net loss: UK£55.9m (down 370% from profit in FY 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Jun 27
Dean Moore Joins as Non-Executive Director of De La Rue plc Cineworld Group plc announced that its Senior Independent Director, Dean Moore, has been appointed as a Non-Executive Director of De La Rue plc with effect from 26 June 2023. Announcement • Jun 20
De La Rue plc Announces Margaret Rice-Jones Declines Re-Election De La Rue plc announced that, Margaret Rice-Jones a Non-executive Director of the Company, has advised that she does not intend to seek re-election as a Director of the Company at the 2023 AGM, having reached the end of her initial three-year term. This will allow her to focus on the increasing time requirements of her other commitments. Announcement • Jun 13
De La Rue plc Announces Resignation of Catherine Ashton as a Director De La Rue plc announced that Catherine Ashton has resigned as a Director of the Company in order to create time to take up future international commitments. Announcement • May 19
De La Rue plc Announces Board Changes De La Rue plc announced that, following a comprehensive selection process, it has appointed Clive Whiley as non-executive chairman of the board, effective immediately. Clive Whiley has forty years' experience, both as an executive and non-executive director, across a wide range of industries and geographies in regulated and listed company governance positions. He is currently Chairman of Mothercare plc, and Senior Independent Non-Executive Director of Griffin Mining Limited and Sportech plc. He was previously Chairman of Dignity plc and a non-executive director of Grand Harbour Marina plc (listed in Malta), Camper & Nicholsons Marina Investments Limited and Stanley Gibbons Group plc. Clive was responsible for successfully guiding Mothercare's emergence as an internationally-focused brand business alongside, at Dignity, leading twelve per cent of the UK funeral market in the eye of the Covid-19 pandemic and is capable of operating in all operational, financial or regulatory circumstances. Nick Bray, who stepped into the role of Interim Chairman after Kevin Loosemore's resignation became effective on 1 May 2023, will now return to his previous role as a Non-Executive Director and chairman of the Audit Committee. Announcement • Nov 25
Crystal Amber Provides Information to the Shareholders On November 24, 2022, Crystal Amber stepped up its campaign, with founder Richard Bernstein describing the latest profit warning as a 'Liz Truss moment' for Loosemore - referencing the short and troubled tenure of the former prime minister, who quit after just after seven weeks. Crystal Amber stated that it Called on De La Rue plc to launch a strategic review, including a potential sale. Crystal Amber stated that making staff redundant is not a strategy - it's a tragedy and De La Rue was a great Company but it's being outclassed by its competitors. Crystal Amber expressed that rather than accept responsibility, the chairman is blaming everyone else - including Crystal Amber as shareholders - for being a distraction for articulating Crystal Amber justifiable concerns. In addition, Crystal Amber stated that this is not about the survival of Loosemore as chairman, and it is about the long-term survival of the Company and Kevin Loosemore needs to accept responsibility and leave town now. Reported Earnings • Nov 24
First half 2023 earnings released: UK£0.13 loss per share (vs UK£0.049 profit in 1H 2022) First half 2023 results: UK£0.13 loss per share (down from UK£0.049 profit in 1H 2022). Revenue: UK£164.3m (down 8.3% from 1H 2022). Net loss: UK£24.6m (down 359% from profit in 1H 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-executive Director Catherine Ashton was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Nov 10
De La Rue Plc Response to Crystal Amber's Open Letter On November 10, 2022, the Board of De La Rue plc announced the response of open letter to the Company's shareholders from Crystal Amber Fund Limited that the Board unanimously disagrees with the analysis portrayed by the incomplete correspondence contained in the letter and will make no further comment. In addition, the Board confirms that the Company's Interim Results will be announced on 23 November 2022. Announcement • Oct 28
De La Rue plc to Report First Half, 2023 Results on Nov 23, 2022 De La Rue plc announced that they will report first half, 2023 results on Nov 23, 2022 Announcement • Sep 14
De La Rue plc Appoints Mark Hoad as A Non-Executive Director, Effective from 29 September 2022 TT Electronics plc announced that Mark Hoad, an Executive Director of the Company, has been appointed to the board of De La Rue plc as a Non-Executive Director with effect from 29 September 2022. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 24% share price gain to €1.17, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 45% over the past three years. Announcement • Sep 02
De La Rue plc Announces Appointment of David Sharratt as Managing Director with Effect from 12 September 2022 De La Rue plc announced that it has appointed David Sharratt as Managing Director of the Group's Authentication division, with effect from 12 September 2022. David will join the Group Executive Leadership Team. This appointment follows the decision by Andrew Clint, current Managing Director of the Group's Authentication division, to resign to pursue other opportunities after three years leading the division, and over 13 years with the Company. David Sharratt has over 25 years' experience growing businesses across a number of sectors, including mobile computing and software, renewable energy and chemicals. Most recently, he was Vice President, International for Array Technologies, where he delivered significant sales growth across EMEA and Latin America, including securing substantial business in a number of new countries. Prior to this, David held various business development leadership positions at Honeywell International, including in their Global Tracking, Scanning and Mobility, and Chemicals business units. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 17% share price gain to €1.02, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 55% over the past three years. Announcement • Jun 25
De La Rue plc, Annual General Meeting, Jul 27, 2022 De La Rue plc, Annual General Meeting, Jul 27, 2022. Reported Earnings • May 27
Full year 2022 earnings released: EPS: UK£0.11 (vs UK£0.037 in FY 2021) Full year 2022 results: EPS: UK£0.11 (up from UK£0.037 in FY 2021). Revenue: UK£375.1m (down 5.6% from FY 2021). Net income: UK£20.7m (up 229% from FY 2021). Profit margin: 5.5% (up from 1.6% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.7% compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 32% per year. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Managing Director of Currency & Executive Director Ruth Euling was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €1.44, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Commercial Services industry in Europe. Total loss to shareholders of 68% over the past three years. Reported Earnings • Nov 27
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: UK£0.049 (up from UK£0.01 in 1H 2021). Revenue: UK£179.2m (down 1.9% from 1H 2021). Net income: UK£9.50m (up UK£8.00m from 1H 2021). Profit margin: 5.3% (up from 0.8% in 1H 2021). Revenue exceeded analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 6.6%, compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Nov 24
De La Rue Provide Revenue Guidance for Fiscal Year 2021-2022 De La Rue plc trading for fiscal 2021/22 to date continuing to be positive, the outlook for revenue for the full year remain in line with the Board's expectations. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS UK£0.037 (vs UK£0.30 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£397.4m (down 16% from FY 2020). Net income: UK£6.30m (down 82% from FY 2020). Profit margin: 1.6% (down from 7.3% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • May 28
Full year 2021 earnings released: EPS UK£0.037 (vs UK£0.33 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£397.4m (down 15% from FY 2020). Net income: UK£6.30m (down 82% from FY 2020). Profit margin: 1.6% (down from 7.4% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 17% share price gain to UK£2.24, the stock is trading at a trailing P/E ratio of 5.1x, up from the previous P/E ratio of 4.4x. This compares to an average P/E of 18x in the Commercial Services industry in Germany. Total return to shareholders over the past three years is a loss of 63%. Is New 90 Day High Low • Feb 26
New 90-day high: €1.95 The company is up 7.0% from its price of €1.82 on 27 November 2020. The German market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Commercial Services industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.02 per share. Announcement • Jan 28
De La Rue plc to Report Fiscal Year 2021 Results on May 26, 2021 De La Rue plc announced that they will report fiscal year 2021 results on May 26, 2021 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 17% share price gain to UK£1.86, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 20x in the Commercial Services industry in Europe. Total return to shareholders over the past three years is a loss of 71%. Reported Earnings • Nov 28
First half 2021 earnings released: EPS UK£0.01 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£179.7m (down 23% from 1H 2020). Net income: UK£1.50m (up UK£12.6m from 1H 2020). Profit margin: 0.8% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 19
New 90-day high: €1.85 The company is up 11% from its price of €1.67 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.29 per share. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 17% share price gain to UK£1.73, the stock is trading at a trailing P/E ratio of 4.9x, up from the previous P/E ratio of 4.2x. This compares to an average P/E of 17x in the Commercial Services industry in Europe. Total return to shareholders over the past three years is a loss of 73%. Is New 90 Day High Low • Oct 08
New 90-day high: €1.84 The company is up 26% from its price of €1.46 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.77 per share. Announcement • Sep 22
De La Rue plc Announces Appointment of Rt Hon Baroness Catherine Ashtonand Margaret Rice-Jones as Non-executive Directors De La Rue plc announced the appointments of Rt Hon Baroness Catherine Ashtonand Margaret Rice-Jones as a Non-executive Directors of the Company. The appointments will take effect immediately. Baroness Catherine Ashton is the former British European Union (EU) Trade Commissioner, representing the EU in global trade negotiations. As EU High Representative she created the European External Action Service overseeing its 140 Diplomatic Missions and 8 military operations and she chaired the EU Foreign Affairs, Defence and Development Councils. Baroness Ashton was also responsible for high profile negotiations on behalf of the UN Security Council. She is currently a Member of the Global Advisory Board of GardaWorld Corp. Margaret Rice-Jones has extensive experience within innovative technology businesses, bringing particular expertise in software and digital platforms. She has an engineering background and has operated at Board level in a number of executive and non-executive roles. Last year Margaret was appointed to Chair Penguin Portals Limited. She is also Chair of Origami Energy Limited and a non-executive director of Holiday Extras Limited. Margaret was Chair of Skyscanner Limited from 2013 to 2016, when it was sold to CTrip for £1.4 billion, and a director of Xaar plc from 2015 to 2020, where she was the senior independent director and chair of the remuneration committee. Announcement • Jul 08
De La Rue plc has completed a Follow-on Equity Offering in the amount of £100 million. De La Rue plc has completed a Follow-on Equity Offering in the amount of £100 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,909,091
Price\Range: £1.1
Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing