Tillkännagivande • Mar 13
London Stock Exchange Cancels Trading in Kitwave Shares on AIM Effective from 13 March 2026 Further to the announcement made by Kitwave Group plc ("Kitwave") and Kite UK Bidco Limited ("BidCo") on 12 March 2026 that the Scheme had become Effective in accordance with its terms, Kitwave announced that, following an application by Kitwave to the London Stock Exchange, the London Stock Exchange has cancelled trading in Kitwave Shares on AIM with effect from 7.00 a.m. 13 March 2026. Tillkännagivande • Mar 12
OEP Capital Advisors L.P. completed the acquisition of Kitwave Group plc (AIM:KITW) from the group of shareholders. OEP Capital Advisors L.P. reached an agreement to acquire Kitwave Group plc (AIM:KITW) from the group of shareholders for approximately £250 million on January 22, 2026. A cash consideration valued at £2.95 per share will be paid by OEP Capital Advisors, L.P. The cash consideration payable by BidCo under the terms of the Acquisition will be funded from equity to be invested by the OEP Funds pursuant to the terms of the Equity Commitment Letter. The Scheme remains conditional on, and will become Effective upon, the delivery of a copy of the Scheme Court Order to the Registrar of Companies, which is expected to occur on March 12, 2026.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board. The expected completion of the transaction is January 22, 2026 to March 31, 2026.
As per the announcement dated February 26, 2026, The transaction is approved by shareholders of Kitwave Group plc. As of March 10, 2026, Kitwave Group plc and OEP Capital Advisors L.P. are pleased to announce that, at the Sanction Hearing held, the High Court of Justice in England and Wales has sanctioned the Scheme. The Board of Kitwave further announces that 165,777 new ordinary shares of £0.01 each in Kitwave ("New LTIP Shares") have been allotted and issued to satisfy the exercise of share options and vesting of share awards held by persons (including certain directors) under the Kitwave Share Plan and that 142,222 new ordinary shares have been allotted and issued to satisfy the exercise of the Kitwave Warrants over 142,222 Kitwaves Shares by Canaccord Genuity Limited ("New Canaccord Shares"). Accordingly, an application was made by Kitwave for the 307,999 New Ordinary Shares to be admitted to trading on AIM, and admission to trading on AIM is expected to take place on March 11, 2026 and upon Admission Kitwave will have in issue 84.045 million ordinary shares.
The transaction is expected to close on March 12, 2026.
Andrew Welby, Simon Chaudhuri and Max Hunt of Moelis & Company UK LLP acted as financial advisor for OEP Capital Advisors, L.P. Harry Rees, Bobbie Hilliam and Elizabeth Halley-Stott of Canaccord Genuity Limited acted as financial advisor for Kitwave Group plc. Norton Rose Fulbright LLP acted as legal advisor for OEP Capital Advisors, L.P. Harry Thimon and John Papadakis of Ashurst LLP acted as legal advisor for Kitwave Group plc.
OEP Capital Advisors L.P. completed the acquisition of Kitwave Group plc (AIM:KITW) from the group of shareholders on March 12, 2026. As the Scheme has now become Effective, Marnie Millard and Teresa Octavio have tendered their resignations and stepped down as non-executive directors on the Kitwave Board. David Brind has also stepped down as a director of Kitwave and Mark Earl has been appointed as a director of Kitwave. Dealings in Kitwave Shares on AIM will be suspended with effect from 7.30 a.m. on March 12, 2026. Tillkännagivande • Jan 23
Kitwave to Apply for the Cancellation of Trading of the Shares on AIM The boards of directors of Kitwave Group plc and Kite UK Bidco Limited (BidCo) announced that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of Kitwave (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, application will be made by Kitwave for the cancellation of trading of the Kitwave Shares on AIM to take effect on or shortly after the Effective Date. The last day of dealings in, and registration of transfers of, Kitwave Shares on AIM is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 p.m. on that date. On the Effective Date, share certificates in respect of Kitwave Shares will cease to be valid and entitlements to Kitwave Shares held within the CREST system will be cancelled. Kitwave Shareholders shall be required to return share certificates to Kitwave or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are de-listed, Kitwave shall be re-registered as a private limited company. Tillkännagivande • Jan 22
OEP Capital Advisors L.P. reached an agreement to acquire Kitwave Group plc (AIM:KITW) from the group of shareholders for £251 million. OEP Capital Advisors L.P. reached an agreement to acquire Kitwave Group plc (AIM:KITW) from the group of shareholders for £251 million on January 22, 2026. A cash consideration valued at £2.95 per share will be paid by OEP Capital Advisors, L.P. The cash consideration payable by BidCo under the terms of the Acquisition will be funded from equity to be invested by the OEP Funds pursuant to the terms of the Equity Commitment Letter.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board. The expected completion of the transaction is January 22, 2026 to March 31, 2026.
Andrew Welby, Simon Chaudhuri and Max Hunt of Moelis & Company UK LLP acted as financial advisor for OEP Capital Advisors, L.P. Harry Rees, Bobbie Hilliam and Elizabeth Halley-Stott of Canaccord Genuity Limited acted as financial advisor for Kitwave Group plc. Norton Rose Fulbright LLP acted as legal advisor for OEP Capital Advisors, L.P. Ashurst LLP acted as legal advisor for Kitwave Group plc. Tillkännagivande • Jan 16
Kitwave Group plc Announces Termination of Gerard Thomas Murray as Director, Effective January 13, 2026 Kitwave Group Plc terminated the appointment of Mr. Gerard Thomas Murray as director effective January 13, 2026. Tillkännagivande • Jan 14
Kitwave Group plc Announces Directorate and Committee Changes, with effect from January 14, 2026 Kitwave Group PLC announced that Gerard Murray, Non-Executive Director, will be stepping down from the Board with immediate effect. Following the departure of Mr. Murray, Dr Marnie Millard (Chair of the Company) will act as interim chair of the Audit Committee and Teresa Octavio (Independent Non-Executive Director) will act as interim chair of the Remuneration Committee. The Company will commence a search for a new Non-Executive Director and update shareholders as appropriate. Tillkännagivande • Jul 02
Kitwave Group plc Declares Interim Dividend for the Six Months to 30 April 2025, Payable on 31 July 2025 The Board of Kitwave Group plc has declared an increased interim dividend of 4.00 pence per share (first half 2024: 3.85 pence per share) for the six months to 30 April 2025. This dividend will be paid on 31 July 2025 to shareholders on the register at the close of business on 11 July 2025 and the ex-dividend date will be 10 July 2025. Tillkännagivande • Jun 10
Kitwave Group plc to Report First Half, 2025 Results on Jul 01, 2025 Kitwave Group plc announced that they will report first half, 2025 results on Jul 01, 2025 Tillkännagivande • Mar 06
Kitwave Group plc, Annual General Meeting, Mar 28, 2025 Kitwave Group plc, Annual General Meeting, Mar 28, 2025. Location: the offices of muckle llp, time central, 32 gallowgate, ne1 4bf, newcastle upon tyne United Kingdom Tillkännagivande • Mar 04
Kitwave Group plc Recommends Final Dividend for the Financial Year Ended 31 October 2024 Kitwave Group plc has declared that it is recommending a final dividend of 7.45 pence per ordinary share, subject to approval at the Annual General Meeting("AGM")to be held on 28 March 2025, which will, if approved, result in a total dividend for the financial year ended 31 October 2024 of 11.30 pence per ordinary share(Fiscal year 2023: 11.20 pence per ordinary share). Tillkännagivande • Feb 12
Kitwave Group plc to Report Fiscal Year 2024 Results on Mar 04, 2025 Kitwave Group plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Mar 04, 2025 New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €4.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.96, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 125% over the past three years. Reported Earnings • Jul 05
First half 2024 earnings released: EPS: UK£0.073 (vs UK£0.091 in 1H 2023) First half 2024 results: EPS: UK£0.073 (down from UK£0.091 in 1H 2023). Revenue: UK£297.0m (up 8.0% from 1H 2023). Net income: UK£5.08m (down 20% from 1H 2023). Profit margin: 1.7% (down from 2.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Declared Dividend • Jul 05
First half dividend of UK£0.038 announced Shareholders will receive a dividend of UK£0.038. Ex-date: 11th July 2024 Payment date: 2nd August 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 36% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jun 13
Kitwave Group plc to Report First Half, 2024 Results on Jul 02, 2024 Kitwave Group plc announced that they will report first half, 2024 results on Jul 02, 2024 Recent Insider Transactions • Apr 19
Insider recently sold €743k worth of stock On the 17th of April, John Hope sold around 175k shares on-market at roughly €4.25 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.6m more than they bought in the last 12 months. Tillkännagivande • Mar 30
Kitwave Group plc (AIM:KITW) acquired Total Foodservice Solutions Limited for £21 million. Kitwave Group plc (AIM:KITW) acquired Total Foodservice Solutions Limited for £21 million on March 28, 2024. The transaction has been funded from the Group's current banking facilities. For period ended April 30, 2023, turnover of €25.4 million and net assets of €8.5million. Cash acquired €4 million. Bobbie Hilliam and Alex Orr of Canaccord Genuity Limited acted as financial advisor to Kitwave.Kitwave Group plc (AIM:KITW) completed the acquisition of Total Foodservice Solutions Limited on March 28, 2024. Upcoming Dividend • Mar 28
Upcoming dividend of UK£0.074 per share Eligible shareholders must have bought the stock before 04 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Declared Dividend • Mar 01
Final dividend of UK£0.074 announced Shareholders will receive a dividend of UK£0.074. Ex-date: 4th April 2024 Payment date: 26th April 2024 Dividend yield will be 3.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 36% per year over the past 3 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is less than the 60% EPS decline seen over the last 5 years. Tillkännagivande • Feb 29
Kitwave Group plc Recommends Final Dividend for the Year 2023 The Board of Kitwave Group plc recommended a final dividend of 7.45 pence per ordinary share (fiscal year 2022: 6.75 pence) for the year 2023, subject to approval at the AGM, which, if approved, will result in an increase in the total dividend for the year of 21.1% to 11.20 pence per ordinary share (fiscal year 2022: 9.25 pence). Tillkännagivande • Feb 28
Kitwave Group plc, Annual General Meeting, Mar 22, 2024 Kitwave Group plc, Annual General Meeting, Mar 22, 2024, at 10:30 Coordinated Universal Time. Location: Muckle LLP, Time Central,32 Gallowgate, Newcastle upon Tyne, NE1 4BF New Castle upon Tyne United Kingdom Agenda: To recommend a final dividend of 7.45 pence per ordinary share. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: UK£0.27 (vs UK£0.20 in FY 2022) Full year 2023 results: EPS: UK£0.27 (up from UK£0.20 in FY 2022). Revenue: UK£602.2m (up 20% from FY 2022). Net income: UK£19.0m (up 32% from FY 2022). Profit margin: 3.1% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Tillkännagivande • Feb 12
Kitwave Group plc to Report Fiscal Year 2023 Results on Feb 27, 2024 Kitwave Group plc announced that they will report fiscal year 2023 results on Feb 27, 2024 New Risk • Jan 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 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: Minor Risks High level of debt (45% net debt to equity). Latest financial reports are more than 6 months old (reported April 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Tillkännagivande • Nov 21
Kitwave Group plc (AIM:KITW) acquired Wlg (holdings) Limited. Kitwave Group plc (AIM:KITW) acquired Wlg (holdings) Limited on November 20, 2023.Kitwave Group plc (AIM:KITW) completed the acquisition of Wlg (holdings) Limited on November 20, 2023. Recent Insider Transactions • Jul 07
CFO & Director recently sold €1.9m worth of stock On the 4th of July, David Brind sold around 500k shares on-market at roughly €3.79 per share. This transaction amounted to 54% 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 David's only on-market trade for the last 12 months. Tillkännagivande • Jul 06
Kitwave Group plc Declares Interim Dividend for the Six Months to 30 April 2023, Payable on 4 August 2023 Kitwave Group plc declared an interim dividend of 3.75 pence per share(H1 2022: 2.50 pence per share)for the six months to 30 April 2023. It will be paid on 4 August 2023 to shareholders on the register at the close of business on 14 July 2023 and the ex-dividend date will be 13 July 2023. New Risk • Jul 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 04
First half 2023 earnings released: EPS: UK£0.091 (vs UK£0.063 in 1H 2022) First half 2023 results: EPS: UK£0.091 (up from UK£0.063 in 1H 2022). Revenue: UK£275.0m (up 23% from 1H 2022). Net income: UK£6.36m (up 44% from 1H 2022). Profit margin: 2.3% (up from 2.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Tillkännagivande • Jun 13
Kitwave Group plc to Report First Half, 2023 Results on Jul 04, 2023 Kitwave Group plc announced that they will report first half, 2023 results on Jul 04, 2023 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.46, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 16x in the Consumer Retailing industry in Europe. Total returns to shareholders of 94% over the past year. Upcoming Dividend • Mar 31
Upcoming dividend of UK£0.068 per share at 3.4% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.08, the stock trades at a trailing P/E ratio of 13.7x. Average forward P/E is 16x in the Consumer Retailing industry in Europe. Total returns to shareholders of 91% over the past year. Recent Insider Transactions • Mar 08
Insider recently sold €849k worth of stock On the 1st of March, Michael Young sold around 324k shares on-market at roughly €2.62 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €798k more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: UK£0.20 (vs UK£0.024 in FY 2021) Full year 2022 results: EPS: UK£0.20 (up from UK£0.024 in FY 2021). Revenue: UK£503.1m (up 32% from FY 2021). Net income: UK£14.3m (up UK£13.2m from FY 2021). Profit margin: 2.9% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Tillkännagivande • Feb 13
Kitwave Group plc to Report Fiscal Year 2022 Results on Feb 28, 2023 Kitwave Group plc announced that they will report fiscal year 2022 results on Feb 28, 2023 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.50, the stock trades at a trailing P/E ratio of 18.1x. Average forward P/E is 15x in the Consumer Retailing industry in Europe. Total returns to shareholders of 64% over the past year. Tillkännagivande • Jan 30
Kitwave Group plc Appoints Maria Teresa Octavio Ariznabarreta to the Board as Non-Executive Director, Effective February 1, 2023 Kitwave Group plc announced the appointment of Teresa Octavio to the Board as Non-Executive Director, with effect from 1 February 2023. Teresa has a wealth of advisory and board experience and, throughout her career, has been responsible for improving and developing companies' growth strategy, culture, performance management, governance and organisational effectiveness. Teresa has held a number of executive roles at global businesses, including at Kantar Consulting and consumer-facing multinationals Diageo plc and Procter & Gamble. She has also acted as a board advisor at omnichannel company DAME and as an independent advisor for a number of board and C-suite individuals. Teresa holds a Sloan Masters MSc in Leadership & Strategy from London Business School, Digital Business Transformation certification from Imperial College, and The Financial Times Non-Executive Director Diploma accreditation. Miss. Maria Teresa Octavio Ariznabarreta (aged 54), also known as Maria Teresa Octavio or Teresa Octavio, has no current directorships or former directorships within the past 5 years. Tillkännagivande • Dec 13
Kitwave Group plc (AIM:KITW) acquired Westcountry Food Holdings Ltd for £29 million. Kitwave Group plc (AIM:KITW) acquired Westcountry Food Holdings Ltd for £29 million on December 12, 2022. The Acquisition will be incorporated into Kitwave's existing Foodservice division which currently comprises the trading operations of H.B. Clark & Co. (Successors) Limited, David Miller Frozen Foods Limited and M. J. Baker Foodservice Limited. The acquisition will be funded from current banking facilities and new three year revolving credit facility. For the year ended January 1, 2022, Westcountry Food reported turnover of £29.7 million and net assets of £11 million.
Kitwave Group plc (AIM:KITW) completed the acquisition of Westcountry Food Holdings Ltd on December 12, 2022. Board Change • Nov 18
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. COO, Group Operations Director, Head of Frozen & Chilled Division and Director Ben Maxted was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 06
First half 2022 earnings released First half 2022 results: EPS: UK£0.063. Revenue: UK£223.3m (flat on 1H 2021). Net income: UK£4.43m (up UK£4.43m from 1H 2021). Profit margin: 2.0% (up from null in 1H 2021). Over the next year, revenue is forecast to grow 10%, compared to a 7.5% growth forecast for the industry in Germany. Tillkännagivande • Jul 05
Kitwave Group plc Declares an Interim Dividend for the Financial Year to 31 October 2022, Payable on 5 August 2022 The Board of Kitwave Group plc declared an interim dividend of 2.50 pence per share for the financial year to 31 October 2022. It will be paid on 5 August 2022 to shareholders on the register at the close of business on 15 July 2022 and the ex-dividend date will be 14 July 2022. Tillkännagivande • Jun 16
Kitwave Group plc to Report First Half, 2022 Results on Jul 05, 2022 Kitwave Group plc announced that they will report first half, 2022 results on Jul 05, 2022 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. 3 non-independent directors. COO, Group Operations Director, Head of Frozen & Chilled Division and Director Ben Maxted was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 05
Independent Non-Executive Director recently bought €51k worth of stock On the 1st of April, Gerard Murray bought around 30k shares on-market at roughly €1.72 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Mar 31
Upcoming dividend of UK£0.045 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 29 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Within top quartile of German dividend payers (3.7%). Higher than average of industry peers (4.1%). Tillkännagivande • Mar 03
Kitwave Group plc, Annual General Meeting, Mar 25, 2022 Kitwave Group plc, Annual General Meeting, Mar 25, 2022. Agenda: To recommend a final dividend of 4.5 pence per ordinary share. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: UK£380.7m (down 3.5% from FY 2020). Net income: UK£1.10m (up UK£1.05m from FY 2020). Profit margin: 0.3% (up from 0% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 8.3% growth forecast for the retail industry in Germany. Tillkännagivande • Mar 01
Kitwave Group plc Recommends Final Dividend for 2021 Kitwave Group plc is recommending a final dividend of 4.5 pence per ordinary share, subject to approval at the Annual General Meeting to be held on 25 March 2022, which will, if approved, result in a total dividend for the year of 6.75 pence per ordinary share. Tillkännagivande • Feb 12
Kitwave Group plc (AIM:KITW) acquired M.J. Baker Foodservice Ltd for £24.5 million. Kitwave Group plc (AIM:KITW) acquired M.J. Baker Foodservice Ltd for £24.5 million on February 11, 2022. The transaction has been funded from the existing banking facilities available to the Kitwave Group. The M.J. Baker team will join Kitwave. The Board believes that the Acquisition will be immediately earnings enhancing. Bobbie Hilliam and Alex Aylen of Canaccord Genuity Group Inc. acted as financial advisors to Kitwave Group.
Kitwave Group plc (AIM:KITW) completed the acquisition of M.J. Baker Foodservice Ltd on February 11, 2022. Tillkännagivande • Feb 09
Kitwave Group plc to Report Fiscal Year 2021 Results on Feb 28, 2022 Kitwave Group plc announced that they will report fiscal year 2021 results on Feb 28, 2022