Harworth Group PLC FTSE 250 Inclusion
17 September 2024 - 4:00PM
RNS Regulatory News
RNS Number : 4136E
Harworth Group PLC
17 September 2024
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 17 September
2024
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Harworth Group plc
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("Harworth" or "the
Group")
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Harworth Group FTSE 250
Inclusion
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Harworth Group plc, a leading regenerator of
land and property for sustainable development and investment, is
pleased to announce that the Group will become a constituent of the
FTSE 250 Index effective from the start of trading today, 17
September 2024, having satisfied the eligibility criteria during
the Index's recent Quarterly Review.
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Active in the Industrial & Logistics and
Residential sectors, Harworth has consistently delivered against
its growth targets and achieved market leading returns. Since
re-listing as Harworth on the London Stock Exchange in 2015, the
Group has grown its Statutory Net Assets by 137%, whilst delivering
a 10% average annual total accounting return and, last week
reported EPRA NDV per share growth of 3.5% and a total return of
4.0% for the first six months of 2024.
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To date, the Group has directly developed around
2 million sq. ft. of Industrial & Logistics space whilst also
masterplanning sites and enabling land sales for the delivery of
more than 5 million sq. ft. of Industrial & Logistics space and
over 10,000 Residential plots.
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The Group's extensive pipeline now includes 9.6
million sq. ft. of consented Industrial & Logistics space,
expected to deliver up to £0.8 billion of Gross development value
by the end of 2027. Harworth remains confident in its strategy to
reach £1 billion EPRA NDV by the end of 2027, and to grow its
Investment Portfolio to £0.9 billion by the end of 2029.
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Lynda Shillaw,
Chief Executive at Harworth commented:
"Entering the FTSE 250 is a significant milestone for
Harworth, it's a testament to the dedication of our people and
their ability to consistently deliver against our strategic
objectives. This achievement highlights our commitment to
sustainable growth and the continued support of our
shareholders."
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For further
information
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Harworth Group
plc
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Lynda Shillaw (Chief Executive)
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T: +44 (0) 7436 167 285
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Kitty Patmore (Chief Financial
Officer)
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E: investors@harworthgroup.com
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Luke Passby (Head of Investor Relations &
Communications)
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FTI
Consulting
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Dido Laurimore
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T: +44 (0) 20 3727 1000
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Richard Gotla
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E: Harworth@fticonsulting.com
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Eve Kirmatzis
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About
Harworth
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Listed on the equity shares (commercial
companies) category of the Main Market of the London Stock
Exchange, Harworth Group plc (LSE: HWG) is a leading sustainable
regenerator of land and property for development and investment
which owns, develops and manages a portfolio of over 14,000 acres
of land on over 100 sites located throughout the North of England
and Midlands. The Group specialises in the regeneration of large,
complex sites, in particular former industrial sites, into new
Industrial & Logistics and Residential developments to create
sustainable places where people want to live and work, supporting
new homes, jobs and communities across the regions and delivering
long-term value for all stakeholders. Visit www.harworthgroup.com
for further information. LEI: 213800R8JSSGK2KPFG21.
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