Tillkännagivande • Mar 30
Marston's PLC to Report First Half, 2026 Results on May 12, 2026 Marston's PLC announced that they will report first half, 2026 results on May 12, 2026 Tillkännagivande • Dec 15
Marston's PLC, Annual General Meeting, Jan 28, 2026 Marston's PLC, Annual General Meeting, Jan 28, 2026. Location: the farmhouse at mackworth, the folly suite, 60 ashbourne road, derby de22 4ly, United Kingdom Tillkännagivande • Oct 08
Marston's PLC to Report Fiscal Year 2025 Results on Nov 25, 2025 Marston's PLC announced that they will report fiscal year 2025 results on Nov 25, 2025 Tillkännagivande • Jun 26
Marston's plc Announces Chief Financial Officer Changes Marston's PLC announced the appointment of Stephen Hopson as Chief Financial Officer following a comprehensive search and selection process. Stephen will succeed Hayleigh Lupino, who is leaving the Company to pursue a new opportunity outside of the Group, as previously announced. Stephen joins Marston's from Topps Tiles plc where he has served on the Executive team and Board as CFO since November 2020. Stephen brings to the role more than 10 years of senior leadership experience across the leisure and retail sectors, including as Director of Central Finance for Western Europe at Molson Coors Beverage Company, and five years of Finance Director roles at Travis Perkins plc. Previously he spent 11 years at Mitchells & Butlers plc, where he was responsible for investor relations among other functions. Stephen is a Chartered Management Accountant and holds an MBA from Warwick Business School.
Stephen will join the Group and the Board on 8 September 2025. Hayleigh Lupino will remain with the Company until the end of the financial year (27 September 2025) to ensure an orderly transition. Tillkännagivande • Mar 04
Marston's PLC Announces Departure of Hayleigh Lupino as CFO Marston's PLC announces that Hayleigh Lupino, Chief Financial Officer (CFO), has informed the Board of her decision to leave the business to pursue a new opportunity outside of the Group. She will remain with Marston's as CFO and an Executive Director for the remainder of the financial year until October 2025 to ensure a smooth transition while her successor is appointed. The process to recruit a new Chief Financial Officer is underway and a further update will be issued in due course. Tillkännagivande • Jan 21
Marston's PLC to Report First Half, 2025 Results on May 13, 2025 Marston's PLC announced that they will report first half, 2025 results on May 13, 2025 Tillkännagivande • Dec 19
Marston's PLC, Annual General Meeting, Jan 21, 2025 Marston's PLC, Annual General Meeting, Jan 21, 2025. Location: the farmhouse at mackworth, the folly suite, 60 ashbourne road, derby de22 4ly, United Kingdom Tillkännagivande • Sep 11
Admiral Taverns Limited acquired Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS). Admiral Taverns Limited entered into an agreement to acquire Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS) on September 10, 2024. Noel Moffitt of Christie, Owen & Davies Ltd. acted as financial advisor for Marston's PLC.
Admiral Taverns Limited completed the acquisition of Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS) on September 10, 2024. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chair Ken Lever was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 31
Carlsberg UK Holdings Limited completed the acquisition of remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS). Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited. Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston’s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC. The CMBC Transaction is anticipated to close in the third quarter of 2024. Completion is targeted before the end of July 2024. J.P. Morgan Securities plc acted as the financial advisor to Marston's. Alex Dustan, David Johnson, Gareth Miles, Bertrand Louveaux, Chris Sharpe, Duncan Blaikie from Slaughter and May acted as legal advisors to Marston's PLC (LSE:MARS).
Carlsberg UK Holdings Limited completed the acquisition of remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) on July 29, 2024. Tillkännagivande • Jul 24
Marston's PLC to Report Fiscal Year 2024 Results on Dec 03, 2024 Marston's PLC announced that they will report fiscal year 2024 results on Dec 03, 2024 Tillkännagivande • Jul 09
Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million. Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited. Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston’s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC. The CMBC Transaction is anticipated to close in the third quarter of 2024. Tillkännagivande • Jul 04
Marston's PLC Announces Board Changes Marston's PLC announced that, following an extensive external process,Kenneth (‘Ken’) Lever has been appointed as independent non-executive Chair of the Company with effect from 8 July 2024. Ken Lever succeeds William Rucker who, as previously announced, steps down from the Board on the same date. Ken will also be appointed as Chair of the Nomination Committee. Ken is an experienced business leader, having held a number of senior executive and non-executive positions at UK listed firms, across multiple sectors including retail, manufacturing, construction, software and business services. He is currently Non-executive Chair at Cirata PLC, Senior Independent Director at Rockwood Strategic plc, and Deputy Chair of Rainier Developments Limited. Ken has recently retired from the Board of Vertu Motors PLC and was previously the Non-Executive Chair of Biffa plc and RPS Group plc and a Non-Executive Director at Blue Prism plc. New Risk • Jun 12
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 6.8% 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. This is currently the only risk that has been identified for the company. Tillkännagivande • Mar 12
Marston's PLC Announces William Rucker Step Down from His Role as Director and Chair of the Board, Effective from 8 July 2024 Marston's PLC announced that following five and a half years as Chair of the Group, William Rucker has informed the Board of his intention to step down from his role as Director and Chair of the Board with effect from 8 July 2024 in view of his other increased business commitments which include William becoming Chair Designate of the British Land Company PLC with effect from 9 July 2024. The Nominations Committee, led by Senior Independent Director, Octavia Morley, is overseeing a comprehensive search process to appoint his successor. Tillkännagivande • Jan 24
Marston's plc Approves the Election of Rachel Osborne as Director Marston's PLC announced that at its Annual General Meeting, held on 23 January 2024, approved the election of Rachel Osborne as Director. Tillkännagivande • Jan 23
Marston's PLC to Report First Half, 2024 Results on May 14, 2024 Marston's PLC announced that they will report first half, 2024 results on May 14, 2024 Tillkännagivande • Dec 21
Marston's PLC, Annual General Meeting, Jan 23, 2024 Marston's PLC, Annual General Meeting, Jan 23, 2024, at 10:00 Coordinated Universal Time. Location: The Farmhouse at Mackworth, The Folly Suite 60 Ashbourne Road, DE22 4LY Derby United Kingdom Agenda: To receive and adopt the Company's audited accounts and the reports of the Directors of the Company and the Independent Auditors for the 52 week period ended 30 September 2023; to approve the Annual Report on Remuneration for the period ended 30 September 2023; to elect the Directors and to consider Re-election of Directors. Reported Earnings • Dec 06
Full year 2023 earnings released: UK£0.015 loss per share (vs UK£0.22 profit in FY 2022) Full year 2023 results: UK£0.015 loss per share (down from UK£0.22 profit in FY 2022). Revenue: UK£872.3m (up 9.1% from FY 2022). Net loss: UK£9.30m (down 107% from profit in FY 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 29
Marston's PLC Announces Board Changes, with Effect from 23 January 2024 Marston's PLC announced that Matthew Roberts, who has served as a non-executive director and Chair of the Audit Committee since 2017, will retire from the Board with effect from 23 January 2024, after conclusion of the Company's AGM. The Board extends its Matthew for his valuable contribution and hard work during his time with the Company. Marston's PLC is also pleased to announce the appointment of Rachel Osborne, who will join the Board as an independent non-executive director and Chair of the Audit Committee with effect from 23 January 2024. Rachel will join the Nomination and Remuneration Committees at the same time. Until last year, Rachel served as Chief Executive Officer of Ted Baker and is currently a non-executive director and Chair of the Audit Committee at Ocado Group plc. In addition, Rachel is a qualified Chartered Accountant and brings a wealth of recent and relevant financial, consumer and retail experience to the Board, having previously served as the Chief Financial Officer of multiple listed companies including Ted Baker, Debenhams plc and Domino's Pizza Group. Tillkännagivande • Nov 17
Marston's plc Announces CEO Changes Marston's PLC announces that, having navigated the Company through the pandemic and more recently the challenging macroeconomic conditions, Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a smooth handover of responsibilities. The Board announced that following an external process, Justin Platt has been appointed as Chief Executive Officer with effect from 10 January 2024. William Rucker, Chair, will support the management transition in the short interim period with the Executive team reporting directly into him. Justin has over 30 years' experience in hospitality and consumer-facing businesses, having spent the last 12 years at Merlin Entertainments; most recently as Chief Strategy Officer and prior to that in a variety of operational leadership roles. Justin has a proven track record of delivering sustainable business growth through his clarity of strategic focus, a passion for enhancing customer experiences and a relentless focus on business results delivery. Justin's combination of operational and strategic experience in multi-site leisure businesses equips him perfectly to lead Marston's through the next phase of its development. Tillkännagivande • Jul 25
Marston's PLC to Report Fiscal Year 2023 Results on Dec 05, 2023 Marston's PLC announced that they will report fiscal year 2023 results on Dec 05, 2023 New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Buying Opportunity • Jun 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 4.7% per annum over the same time period. Reported Earnings • May 16
First half 2023 earnings released: UK£0.045 loss per share (vs UK£0.031 profit in 1H 2022) First half 2023 results: UK£0.045 loss per share (down from UK£0.031 profit in 1H 2022). Revenue: UK£407.0m (up 10% from 1H 2022). Net loss: UK£28.8m (down 249% from profit in 1H 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 24
Marston's PLC to Report First Half, 2023 Results on May 16, 2023 Marston's PLC announced that they will report first half, 2023 results on May 16, 2023 Tillkännagivande • Dec 22
Marston's PLC, Annual General Meeting, Jan 24, 2023 Marston's PLC, Annual General Meeting, Jan 24, 2023, at 10:00 Coordinated Universal Time. Reported Earnings • Dec 07
Full year 2022 earnings released: EPS: UK£0.22 (vs UK£0.20 loss in FY 2021) Full year 2022 results: EPS: UK£0.22 (up from UK£0.20 loss in FY 2021). Revenue: UK£799.6m (up 99% from FY 2021). Net income: UK£137.2m (up UK£265.5m from FY 2021). Profit margin: 17% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
First half 2022 earnings released: EPS: UK£0.031 (vs UK£0.15 loss in 1H 2021) First half 2022 results: EPS: UK£0.031 (up from UK£0.15 loss in 1H 2021). Revenue: UK£369.7m (up UK£314.6m from 1H 2021). Net income: UK£19.4m (up UK£111.9m from 1H 2021). Profit margin: 5.2% (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 11%, compared to a 36% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 07
Marston's plc Announces the Appointment of Nick Varney as a Non-Executive Director to the Board, Effective 1 July 2022 Marston's PLC announced the appointment of Nick Varney as a Non-executive Director to the Board, with effect from 1 July 2022. Nick will also join the Nomination Committee and the Remuneration Committee. Nick has over 30 years' experience in the Leisure industry and was appointed Chief Executive Officer of Merlin Entertainments in 1999. In addition, Nick is a Board member of UK Hospitality, the trade body representing the UK's hospitality and tourism industry. Reported Earnings • Dec 01
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: UK£401.7m (down 22% from FY 2020). Net loss: UK£128.3m (loss narrowed 63% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 95%, compared to a 26% growth forecast for the restaurants industry in Germany. Executive Departure • Oct 06
CEO & Executive Director Ralph Findlay has left the company During their tenure, earnings grew by 22% annually compared to the industry average, which went down by 19%. As of June 2021, Ralph still personally held 1.29m shares (€1.3m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.54 years. Executive Departure • Aug 04
Senior Independent Director Carolyn Bradley has left the company On the 31st of July, Carolyn Bradley's tenure as Senior Independent Director ended after 4.5 years in the role. As of March 2021, Carolyn still personally held only 25.00k shares (€29k worth at the time). Carolyn is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.38 years. Tillkännagivande • Feb 02
Platinum Equity Advisors, LLC cancelled the acquisition of Marston's PLC (LSE:MARS) for approximately £690 million. Platinum Equity Advisors, LLC made a non-binding proposal to acquire Marston's PLC (LSE:MARS) for approximately £580 million in December 2020. As a part of consideration, Platinum Equity Advisors will acquire Marston's PLC at an offer per share of 88 pence each. The proposal was unanimously rejected by the Board of Marston's PLC. Platinum Equity Advisors, LLC made a revised non-binding proposal to acquire Marston's PLC (LSE:MARS) for approximately £630 million in December 2020. As a part of consideration, Platinum Equity Advisors will acquire Marston's PLC at an offer per share of 95 pence each. The proposal was again rejected unanimously by the Board of Marston's PLC. Platinum Equity Advisors, LLC made a revised non-binding proposal to acquire Marston's PLC (LSE:MARS) on January 29, 2021. The Board of Marston's PLC will evaluate the Proposal with its advisors and a further announcement will be made in due course. In accordance with Rule 2.6(a) of the Code, Platinum Equity Advisors, LLC, is required, by no later than 5.00 p.m. (London time) on February 26, 2021, to either announce a firm intention to make an offer for Marston's PLC. This deadline can be extended with the consent of the Takeover Panel (the "Panel") in accordance with Rule 2.6(c) of the Code.
Justine Warren and Matthew Smallwood of Instinctif Partners Limited and James Mitford, Anastasia Volnova, Dwayne Lysaght and Jonty Edwards of JPMorgan Cazenove Ltd. acted as financial advisors to Marston's PLC.
Platinum Equity Advisors, LLC cancelled the acquisition of Marston's PLC (LSE:MARS) for approximately £690 million on February 1, 2021. As a part of consideration, Platinum Equity Advisors will acquire Marston's PLC at an offer per share of 105 pence each. The Board of Directors of Marston's PLC unanimously rejected the proposal. Is New 90 Day High Low • Feb 02
New 90-day high: €0.98 The company is up 87% from its price of €0.52 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.46 per share. Tillkännagivande • Feb 01
Marston’s Reveals Talks of Potential Cash Offer from Platinum Equity Advisors Marston's PLC (LSE:MARS) revealed it is in talks about a potential cash offer from US private equity firm Platinum Equity Advisors. Under takeover rules, Platinum now has until February 26 to make a firm bid. Marston’s said: ‘The board will evaluate the proposal with its advisers and a further announcement will be made in due course. ‘There can be no certainty that any firm offer will be made for the company, nor as to the terms on which any firm offer might be made.’ Marston’s also struck a deal last month to manage more than 150 pubs on behalf of South Wales-based Brains, saving around 1,300 jobs. But it was not yet clear whether that arrangement would be affected by the potential takeover, a spokesman said. Marston’s is the latest pubs operator to attract interest from private equity amid a flurry of deals in the sector over the past five years. Is New 90 Day High Low • Jan 14
New 90-day high: €0.90 The company is up 88% from its price of €0.48 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality 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 €1.38 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €0.83 The company is up 84% from its price of €0.45 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.31 per share. Tillkännagivande • Dec 25
Marston's PLC, Annual General Meeting, Jan 27, 2021 Marston's PLC, Annual General Meeting, Jan 27, 2021, at 09:00 Coordinated Universal Time. Location: Marston's Talent Academy, Summerfield Road Worcestershire West Midlands United Kingdom Agenda: To receive and adopt the Company's audited accounts and the reports of the Directors of the Company and the Independent Auditors for the 53 week period ended 3 October 2020; to approve the Annual Report on Remuneration for the period ended 3 October 2020; to consider re-election of Directors; to re-appoint KPMG LLP as Independent Auditors, until the conclusion of the next AGM of the company in 2022; and to consider other matters. Is New 90 Day High Low • Nov 11
New 90-day high: €0.66 The company is up 18% from its price of €0.56 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.17 per share. 
