Inactive Instrument

Circle Property Plc

Equities

CRC

JE00BYP0CK63

Real Estate Development & Operations

Circle Property to hold meeting for capital return

January 20, 2023 at 03:08 pm EST

Circle Property PLC - London-based buyer, developer and manager of regional office assets in UK - Plans to return capital to shareholders through the issue and redemption of B shares. Expects that the first return of capital will take place in March for a minimum of GBP30 million and up to approximately GBP46 million. Believes that this is one of the fairest and most efficient ways of returning cash. Notes that the return is subject to resolutions at its extraordinary general meeting on February 15. Plans to reduce its capital to GBP4.1 million from GBP44.1 million by cancelling and extinguishing capital to the extent of GBP1.36.

Current stock price: 219.10 pence

12-month change: up 5.3%

By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Circle Property Plc

Skelton Developments Limited acquired Concorde Business Park, Maidenhead from Circle Property Plc for approximately £12.3 million.	Feb. 23	CI
HILLA GROUP NORTHAMPTON LIMITED completed the acquisition of Victory House from Circle Property Plc.	Jan. 23	CI
Corum Asset Management completed the acquisition of Milton Keynes in Jersey from Circle Property Plc.	23-08-21	CI
Circle Property to leave FTSE AIM All-Share Index June 1	23-05-26	AN
FTSE 100 Closes Down 0.35% After Corporate Updates; Melrose Industries Shines on Guidance Lift	23-05-17	DJ
Circle Property plummets as confirms AIM cancellation	23-05-17	AN
AIM WINNERS & LOSERS: Purplebricks sells itself to rival for GBP1	23-05-17	AN
Circle Property Sells Last Asset to Portman Finance Group for GBP3 Million	23-05-04	MT
FTSE 100 Closes Thursday Down on Further US -2-	23-05-04	DJ
Circle Property shares jump on final sale of remaining asset	23-05-04	AN
UK Mutual Firms Need to Prepare For Worsening -2-	23-05-04	DJ
Portman Finance Limited acquired 300 Pavilion Drive, Northampton from Circle Property Plc for Â£2.85 million.	23-05-03	CI
Inland Homes completes GBP2.5 million fund raise	23-04-13	AN
TRADING UPDATE: Tekmar launches fund raising, Artemis Chair resigns	23-03-31	AN
FTSE 100 Index Closed Down 1% on Increased Global Banking Fears	23-03-17	DJ
AdEPT Technology shareholders greenlight takeover	23-03-17	AN
Circle: Which bank will host the USDC? - Crypto Recap	23-03-17
UK Budget's Pension Changes Are More Material Than Might First Appear	23-03-17	DJ
BOE's March 23 Rate Decision is Finely Balanced	23-03-17	DJ
Sterling Could Fall Even if BOE Lifts Rates, Says Commerzbank	23-03-17	DJ
FTSE 100 Rises as Banking Sector Fears Ease	23-03-17	DJ
Somerset Properties Limited acquired Somerset House from Circle Property Plc.	23-03-16	CI
US banks collapse and its impact on the crypto space	23-03-15
FTSE 100 Ends Week Down as US Inflation Rise Hits Stocks Globally	23-02-24	DJ
Circle Property sells property as plans to delist from AIM	23-02-24	AN

Chart Circle Property Plc

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Company Profile

Circle Property Plc is a property investment company. The Company invests in commercial properties. The Company's portfolio consists of approximately nine commercial property investments and developments in the United Kingdom. The portfolio totals approximately 335,446 square feet of accommodation, the majority of which, by floor area, is in the office sector. The Company's property portfolio includes 36 Great Charles Street, which is located in Birmingham; Somerset House, 37 Temple Street, which is located in Birmingham; Kents Hill Business Park, Kents Hill, which is located in Milton Keynes; Concorde Park, Concorde Road, which is located in Maidenhead; Elizabeth House, which is located in London Road, Staines; Cheltenham House, Temple Street, which is located in Birmingham and 720 Aztec West, Almondsbury, which is located in Bristol, and more.

Sector

Real Estate Development & Operations

Calendar

2024-08-07 - Q4 2024 Earnings Release (Projected)

More about the company

Sector Office Real Estate Development

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Office Real Estate Development