REG - Cardiff Property PLC - Final Results
30/11/2021 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211130:nRSd9391Ta&default-theme=true
RNS Number : 9391T Cardiff Property PLC 30 November 2021
THE CARDIFF PROPERTY PUBLIC LIMITED COMPANY
AND ITS SUBSIDIARIES
LEI: 213800GE3FA4C52C1N05
FOR RELEASE 7.00 AM 30 November 2021
THE CARDIFF PROPERTY PLC
(The group, including Campmoss, specialises in property investment and
development in the Thames Valley. The total portfolio including the jointly
controlled Campmoss investment and development portfolio, valued in excess of
£34m, is primarily located to the west of London, close to Heathrow Airport
and in Surrey and Berkshire.)
PRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
Highlights:
2021 2020
Restated
Net Assets £'000 28,442 29,080
Net Assets Per Share £ 25.49 24.35
Profit Before Tax £'000 1,259 1,940
Earnings Per Share - Basic and diluted pence 91.91 146.7
Dividend Per Share pence 18.5 17.6
Gearing % Nil Nil
Richard Wollenberg, Chairman, commented:
"The Thames Valley property market has seen an initial recovery from the
difficulties experienced over the past two years although a return to
pre-pandemic levels is likely to take some time.
The property market will continue to be sensitive to political and economic
changes as well as any further measures required by the pandemic, however
during the year under review an increased level of confidence has certainly
returned to most sectors of the property market.
The Thames Valley office letting market has shown some signs of recovery and
encouragingly we have noticed a large number of our tenants returning to their
offices. The level of office enquiries has also increased over recent months.
Office rental levels which were very challenging over recent periods have
improved with 5-year lease terms and rental linked to the retail price index
being acceptable to most Landlords and Tenants."
For further information:
The Cardiff Property plc Richard Wollenberg 01784 437444
Shore Capital Patrick Castle 020 7468 7923
THE CARDIFF PROPERTY PUBLIC LIMITED COMPANY
AND ITS SUBSIDIARIES
PRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
Chairman's Statement
Dear Shareholder,
The Thames Valley property market has seen an initial recovery from the
difficulties experienced over the past two years although a return to
pre-pandemic levels is likely to take some time.
The property market will continue to be sensitive to political and economic
changes as well as any further measures required by the pandemic, however
during the year under review an increased level of confidence has certainly
returned to most sectors of the property market.
The Thames Valley office letting market has shown some signs of recovery and
encouragingly we have noticed a large number of our tenants returning to their
offices. The level of office enquiries has also increased over recent months.
Office rental levels which were very challenging over recent periods have
improved with 5-year lease terms and rental linked to the retail price index
being acceptable to most Landlords and Tenants.
As indicated in our review of our business, demand for business units has been
strong in the last quarter and rental increases of up to 10% have been
achieved at our properties at Windsor and Maidenhead. Our retail interests
which include Campmoss Property Company Limited ("Campmoss"), primarily in
Bracknell and Egham, have proved resilient in a difficult market as the
portfolio includes a high number of shops many of which were able to remain
open during the period of lock down and continued to trade successfully.
As in the previous financial year the Group continued to liaise closely with
all tenants and where necessary assisting with cash flow by agreeing rental
payments of monthly in arrears rather than the usual quarterly in advance.
Excluding development properties by value, 43.7% of the Group's portfolio
relates to the retail sector, 9.8% to small business units, 14.4% to
residential and 32.1% offices. Rent collection for the Group over the last two
quarters has been 89% of that invoiced.
The residential market remained reasonably active with asking prices
consistent with last year. The residential development at Woking, Surrey,
being undertaken by Campmoss in partnership with a well-known local developer,
completed after the year end with construction costs in line with budget. I am
pleased to report that at the time of writing 31 sales have been completed
with a further 18 apartments reserved.
The residential letting market remained firm with all the Group's apartments
let on Assured Shorthold Tenancy Agreements.
The Thames Valley commercial property investment market has been reasonably
active with institutional and private investors attracted to the high returns
available. The Thames Valley continues to be popular for investors with
Maidenhead, Woking, Bracknell and Windsor being particularly sought after. The
number of investments available in all sectors has markedly reduced as
existing investors are finding it difficult to source opportunities that
retain the level of income currently being received.
FINANCIAL
For the year to 30 September 2021, the Group profit before tax was £1.26m
(2020 restated: £1.94m). This figure includes an investment property value
increase of £0.53m (2020: £0.15m decrease) for the Group and a profit of
£0.07m (2020: £1.36m) in respect of our post tax profit and pre-dividend
share of Campmoss Property Company Limited and Campmoss Property Developments
Limited ("Campmoss Group"), our 47.62% owned joint venture. During the year,
the Company received a dividend of £0.50m (2020: £0.64m) from its investment
in Campmoss Property.
Revenue for the year which represented gross rental income, excluding
Campmoss, totalled £0.60m (2020: £0.65m).
The profit after tax attributable to shareholders for the financial year was
£1.08m (2020 restated: £1.79m) and the earnings per share was 91.91p (2020
restated: 146.68p).
At the year-end, the Company's commercial portfolio was valued by Kempton Carr
Croft at a total of £5.92m (2020: £5.81m) this valuation excludes the
Company's freehold office property which was also valued by Kempton Carr Croft
and is included in the balance sheet at valuation classified as property,
plant and equipment.
Property when completed and retained for re-sale is held as stock at the lower
of cost or net realisable value. At the year-end this related to commercial
property owned by First Choice Plc at The Windsor Business Centre.
The Group's total property portfolio, including the jointly controlled
Campmoss Group's investment and development portfolio, was valued at £34.8m
(2020: £35.7m). The value has marginally decreased over the year primarily
due to the disposal of Clivemont House offset by additions to Britannia
Wharf. Residential property at Alston House and Gowring House Bracknell and
the residential development at Britannia Wharf, Woking are held as stock in
Campmoss.
The Company's share of the net assets of Campmoss Group was £15.9m (2020:
£16.3m).
The Group's total net assets as at the year-end were £28.44m (2020 restated:
£29.08m) equivalent to £25.49 per share (2020 restated: £24.35) an increase
of 4.7% over the year (2020: 6.6%). The Group, including Campmoss Group, has
adequate financial facilities and resources to complete works in progress and
the current development programme. Cash balances are held on short term
deposit. At the year-end, the Company had nil gearing (2020: nil). During the
year the Company purchased and cancelled 78,525 (2020: 45,694) ordinary shares
at a total cost of £1,492,000. (2020: £773,000).
The Company may hold in treasury any of its own shares purchased. This gives
the Company the ability to reissue treasury shares and provides greater
flexibility in the management of its capital base. At the year end the Company
held nil (2020 : nil) shares in treasury. Any shares purchased by the Company
not held in treasury will be cancelled and the number of shares in issue
reduced accordingly.
Pursuant to share buybacks that took place between 30 November 2020 and 24
September 2021 and already announced, the Concert Party, comprising myself and
my family members, now holds more than 50 per cent. of the Company's voting
share capital and accordingly is able to increase its aggregate shareholding
in the Company without incurring any obligation under Rule 9 to make a general
offer to the Company's other shareholders. Furthermore, I together with my
wife are now interested in 50.18 per cent. of the Company's voting share
capital and accordingly we are able to increase further our shareholdings in
the Company without incurring any obligation under Rule 9 to make a general
offer to the Company's other shareholders. Accordingly, a further Rule 9
Waiver will not be required in respect of any future buybacks after the
current authorities expire at the forthcoming AGM.
The Company proposes to continue its policy of purchasing its own shares,
whether to be held in treasury or to be cancelled, and a resolution renewing
the Directors' authority will be placed before the forthcoming Annual General
Meeting to be held on 17 January 2022. This authority will only be exercised
in circumstances where the Directors regard such purchases to be in the best
interests of shareholders as a whole. Full details are available on the
Company's website www.cardiff-property.com (http://www.cardiff-property.com) .
Current IFRS accounting requires that deferred tax is chargeable on the
difference between, the cost of properties, including applicable indexation
and quoted investments and their current market value. However, IFRS
accounting does not require the same treatment in respect of the Group's
unquoted investment in Campmoss Group, our 47.62% owned joint venture, which
represents a substantial part of the Company's net assets. Whilst provision is
made in Campmoss accounts for deferred tax, should the shares held in Campmoss
be disposed of, for indicative purposes, based on the value in the Company's
balance sheet at the year-end this would result in a tax liability of £3.9m
(2020 : £3.1m) equivalent to £3.56 (2020: £2.60) per share calculated using
a tax rate of 25% (2020: 19%). This information is provided to shareholders as
an additional non-statutory disclosure.
DIVIDEND
The Directors recommend a final dividend of 13.5p per share (2020: 12.8p)
making a total dividend for the year of 18.5p (2020: 17.6p), an increase of
5.1%. The final dividend will be paid on 1 February 2022 to shareholders on
the register at 18 January 2022.
THE PROPERTY PORTFOLIO
The Group continues to concentrate its property activities in the Thames
Valley, primarily to the west of London, close to Heathrow Airport and in
Surrey, Berkshire and Buckinghamshire.
During the year the Company completed a number of new lettings in Egham,
Windsor and Maidenhead whilst progressing development plans at Windsor and
Cardiff.
The Campmoss Group portfolio is predominantly let reflecting an active
management policy. Planning permission for a Care Home at The Priory, Burnham
was recently refused and an appeal together with a revised application is
currently being prepared. New lettings were negotiated at Bracknell and
Burnham. An updated office planning application for Highway House, Maidenhead
is scheduled to be lodged shortly.
QUOTED INVESTMENTS
The Company retains a small portfolio of quoted retail bonds and equity
investments the former providing an attractive medium-term income stream. The
value of the portfolio marginally decreased over the year as a number of bonds
neared their maturity date but remains in excess of original cost. The equity
investments include Aquila Services Group plc and Galileo Resources plc. I
remain a Non-Executive Director of both.
RELATIONSHIP AGREEMENT
The Company has entered into a written and legally binding relationship
agreement with myself, its controlling shareholder, to address the
requirements of LR9.2.2AD of the Listing Rules.
MANAGEMENT AND TEAM
In difficult circumstances the Group has performed well over the year and I
wish to take this opportunity of thanking all the members of our property team
and our Joint Venture partner for their support and achievements over the
year.
OUTLOOK
I expect the property market to continue its recovery with events over the
last two years focussing the minds of many property investors and tenants.
Supply of materials and labour difficulties currently being experienced by the
building industry will certainly lead to increased building costs. This in
turn will embed higher capital values in existing property portfolios. Whilst
property may well receive additional government taxation attention, the high
yields currently available from commercial property will remain attractive
compared to low rates of interest offered elsewhere.
The property market in the Thames Valley will remain challenging however I
look forward to reporting further progress at the half year.
J. Richard Wollenberg
Chairman
29 November 2021
Consolidated Income Statement
FOR THE YEAR ENDED 30 SEPTEMBER 2021
2021 2020
Restated
£'000 £'000
Revenue 596 650
Cost of sales (33) (65)
Gross profit 563 585
Administrative expenses (502) (532)
Other operating income 553 579
Operating profit before fair value movement on investment
properties 614 632
Fair value movement on investment properties 533 (148)
Operating profit 1,147 484
Financial income 54 54
Financial expense (9) (34)
Profit on sale of investment - 74
Share of profit of Joint Venture 67 1,362
Profit before taxation 1,259 1,940
Taxation (181) (148)
Profit for the financial year attributable to equity
Holders 1,078 1,792
Earnings per share on profit for the
financial year - pence
Basic and diluted 91.91 146.7
Dividends
Final 2020 paid 12.8p (2019: 12.5p) 152 155
Interim 2021 paid 5.0p (2020 4.8p) 59 58
211 213
Final 2021 proposed 13.5p (2020: 12.8p) 151 153
These results relate entirely to continuing operations. There were no
acquisitions or disposals in either year.
Consolidated statement of comprehensive income and expense
FOR THE YEAR ENDED 30 SEPTEMBER 2021
2021 2020
Restated
£'000 £'000
Profit for the financial year
1,078 1,792
Items that cannot be reclassified subsequently to profit or loss
Net change in fair value of other properties 8 (55)
Net change in fair value of investments at fair value through comprehensive (21) (14)
income
Total comprehensive income and expense for the year attributable
to the equity holders of the Parent Company 1,065 1,723
Consolidated Balance Sheet
AT 30 SEPTEMBER 2021
2021 2021 2020 2020
Restated Restated
£'000 £'000 £'000 £'000
Non-current assets
Freehold investment properties 5,968 5,857
Property, plant, and equipment 240 228
Right of use asset 155 165
Investment in Joint Venture 15,890 16,323
Other financial assets 1,073 925
23,326 23,498
Current assets
Inventory and work in progress 689 688
Trade and other receivables 140 238
Term deposits 1,907 1,748
Cash and cash equivalents 3,594 3,773
6,330 6,447
Total assets 29,656 29,945
Current liabilities
Trade and other payables (752) (529)
Corporation tax (158) (50)
(910) (579)
Non-current liabilities
Lease liability (178) (184)
Deferred tax liability (126) (102)
Total liabilities (1,214) (865)
Net assets 28,442 29,080
Equity
Called up share capital 223 239
Share premium account 5,076 5,076
Other reserves 2,478 2,475
Investment property fair value reserve 1,814 3,139
Retained earnings 18,851 18,151
Total equity 28,442 29,080
Net assets per share £25.49 £24.35
Consolidated Cash Flow Statement
FOR THE YEAR ENDED 30 SEPTEMBER 2021
2021 2020
£'000
Restated
£'000
Cash flows from operating activities
Profit for the year 1,078 1,792
Adjustments for:
Depreciation right of use assets 10 35
Depreciation fixed assets - 3
Financial income (54) (54)
Financial expense 9 34
Profit on sale of investments - (74)
Share of profit of Joint Venture (67) (1,362)
Fair value movement on investment properties (533) 148
Taxation 181 148
Cash flows from operations before changes in working capital 624 670
Acquisition of inventory and work in progress (1) (14)
Decrease/(increase) in trade and other receivables 97 (98)
Increase in trade and other payables 223 1
Cash generated from operations 943 559
Tax paid (43) (228)
Net cash flows from operating activities 900 331
Cash flows from investing activities
Interest received 49 61
Dividend from Joint Venture 500 643
Proceeds from sale of investment property 462 -
Acquisition of investment property, and plant and equipment (45) (13)
Acquisition of investments (169) (100)
Proceeds from sale of investments - 78
(Increase)/decrease in held term deposits (159) 1,336
Net cash flows from investing activities 638 2,005
Cash flows from financing activities
Purchase of own shares (1,492) (773)
Lease payments (14) (50)
Dividends paid (211) (213)
Net cash flows (used in)/from financing activities (1,717) (1,036)
Net (decrease)/increase in cash and cash equivalents (179) 1,300
Cash and cash equivalents at beginning of year 3,773 2,473
Cash and cash equivalents at end of year 3,594 3,773
Consolidated statement of changes in equity
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Called up share Share Other Investment Retained Total
capital
premium
reserves
property
earnings
equity
account
fair value
(note 21)
reserve*
£'000
£'000
£'000 £'000 £'000 £'000
At 30 September 2019 and 248 5,076 2,535 1,814 18,670 28,343
1 October 2019
Profit for the year as restated - - - - 1,792 1,792
Other comprehensive income - revaluation of investments - - (14) - - (14)
Net change in fair value of own use freehold property
-
-
(55)
-
-
(55)
Transactions with equity holders
Dividends - - - - (213) (213)
Purchase of own shares (9) - 9 - (773) (773)
Total transactions with equity holders (9) - 9 - (986) (986)
Fair value movements on investment properties - Cardiff - - - (148) 148 -
Fair value movements on investment properties - Campmoss Group - - - 1,473 (1,473) -
At 30 September 2020 239 5,076 2,475 3,139 18,151 29,080
At 1 October 2020 as previously stated 239 5,076 2,475 3,139 18,170 29,099
Prior year adjustment (note 3) - - - - (19) (19)
At 1 October 2020 restated 239 5,076 2,475 3,139 18,151 29,080
Profit for the year - - - - 1,078 1,078
Other comprehensive income - revaluation of investments - - (21) - - (21)
Net change in fair value of own use freehold property
-
-
8
-
-
8
Transactions with equity holders
Dividends - - - - (211) (211)
Purchase of own shares (16) - 16 - (1,492) (1,492)
Total transactions with equity holders (16) - 16 - (1,703) (1,703)
Fair value movements on investment properties - Cardiff - - - 526 (526) -
Disposal of property - Cardiff - - - (259) 259 -
Fair value movements on investment properties - Campmoss Group - - - (1,592) 1,592 -
At 30 September 2021
223 5,076 2,478 1,814 18,851 28,442
______ __ ____ ______ ______ ______ ___ ___
* - Includes fair value movements on investment properties held by Campmoss
Group, our Joint Venture, which are presented in investment property fair
value reserve to demonstrate these are unrealised.
Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. Basis of preparation
The consolidated results for the year ended 30 September 2021 and 2020 are
prepared under applicable International Financial Reporting Standards adopted
by the International Accounting Standards in conformity with the companies act
2006 ("adopted IFRS") and those parts of the Companies Act 2006 applicable to
companies reporting under IFRS and have been incorporated into the principal
accounting policies.
The financial information set out above does not constitute the company's
statutory financial statements for the years ended 30 September 2021 or 30
September 2020 but is derived from those financial statements. Statutory
financial statements for 2020 have been delivered to the Registrar of
Companies and those for 2021 will be delivered in due course. The auditor has
reported on those financial statements; their reports were (i) unqualified,
(ii) did not include a reference to any matters to which the auditor drew
attention by way of emphasis without qualifying their report and (iii) did not
contain a statement under section 498 (2) or (3) of the Companies Act 2006 in
respect of the financial statements for 2020 nor 2021.
Going concern
The financial statements have been prepared on a going concern basis, which
assumes that the Group will continue to meet its liabilities as they fall due.
The Group's activities, together with the factors likely to affect its future
development, performance and position are set out in the Chairman's Statement
and Strategic Report. The financial position of the Group, its property
portfolio under management, asset base, liquidity and key performance
indicators.
The Group has sufficient financial resources to enable it to continue to trade
and to complete the current maintenance and development programme. The Group
is ungeared, and the cash flow forecasts do not assume any debt being
required. Therefore, the Directors believe that the Group is well placed to
manage its business risks successfully despite the current economic
uncertainty, and the ongoing impact of the Covid-19 pandemic changing
behaviours and the impact on the Group's tenants.
The Group is in the enviable position of having significant cash balances at
30 September 2021, the Cardiff Group had cash balances of £3.6m and a further
£1.9m term deposits (generally with maturity dates of 95 days), in addition
the Company has investments of £1.1m of which £0.9m are readily marketable.
The Group has an operating cost base including tax and dividends of under £1m
per annum so even with no income for several years the Group would remain
solvent.
Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2021 (continued)
The Cardiff Group receives a management fee from Campmoss of around £0.5m per
annum, there is no reason to assume this income would not be received as the
Campmoss Group had cash balances at 30 September 2021, of £1.4m and a further
£5.3m term deposits (generally with maturity dates of 95 days) and in
addition Campmoss expect to receive a significant cash inflow from sales at
Britannia Wharf. Campmoss have a capital commitment of £0.8m to complete
its development programme at Britannia Wharf, which completed shortly after
the year end and including the Cardiff management fee an annual operating cost
base excluding development of under £1.5m, so Campmoss Group similarly has a
strong balance sheet.
New, revised or changes to existing financial reporting standards
Subject to the adoption of the IFRS's available for application noted below,
this announcement is prepared on the basis of the accounting policies as set
out in the most recently published set of annual financial statements.
IFRS
IFRS 16 - Leases was effective for the year ended 30 September 2020. IFRS 16
removes the distinction between operating and financial leases, which for
lessees resulted in almost all operating leases being brought on balance
sheet. The Group has restated 2020 results due to an operating lease needing
to be capitalised being omitted. See note 3 for further information.
A number of new standards and amendments to standards and interpretations have
been issued but are not yet effective for the current accounting period.
None are expected to have a material impact on the consolidated financial
statements of the Group.
2. Segmental analysis
The Group manages its operations in two segments, being property and other
investment and property development. Property and other investment relates to
the results for The Cardiff Property Company Limited where properties are held
as investment property with Property Development relating to the results of
First Choice Estates Plc and Thames Valley Retirement Homes Limited. The
results of these segments are regularly reviewed by the Board as a basis for
the allocation of resources, in conjunction with individual site investment
appraisals, and to assess their performance. Information regarding the results
and net operating assets for each reportable segment are set out below:
Property and other investment Property Development Eliminations 2021
Total
£'000 £'000 £'000 £'000
Rental income (wholly in the UK) 434 162 - 596
Property sales 462 - - 462
Profit before taxation 1,096 163 - 1,259
Net operating assets
Assets 26,607 4,851 (1,802) 29,656
Liabilities (2,765) (251) 1,802 (1,214)
Net assets 23,842 4,600 - 28,442
Property and other investment Property Development Eliminations 2020
Restated
Total
£'000 £'000 £'000 £'000
Rental income (wholly in the UK) 468 182 - 650
Property sales - - - -
Profit before taxation 1,667 273 - 1,940
Net operating assets
Assets 27,114 4,718 (1,887) 29,945
Liabilities (2,512) (240) 1,887 (865)
Net assets 24,602 4,478 - 29,080
"Eliminations" relate to inter segment transactions and balances which
cannot be specifically allocated but are eliminated on consolidation.
3. Prior year adjustment as a result of a correction of IFRS 16 lease
accounting
The Group and Company has restated 2020 results due to an operating lease
needing to be capitalised as a Right of Use asset under IFRS 16 on adoption of
the Standard in the prior period being omitted in error. The impact of the
prior year adjustment is set out below. As noted, no third balance sheet is
required as the error occurred in the year ended 30 September 2020 only and
has no impact on the year ended 30 September 2019.
Group 2020 Increase/ 2020
(decrease)
Restated
£'000 £'000 £'000
Balance sheet extract
Right to use asset - 165 165
Lease liability - (184) (184)
Net assets 29,099 (19) 29,080
Retained earnings 18,170 (19) 18,151
Total equity 29,099 (19) 29,080
Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2021 (continued)
Profit and loss extract
Cost of sales (115) 50 (65)
Gross profit 535 50 585
Administrative expenses (497) (35) (532)
Operating profit before fair value movement on investment 617 15 632
Operating profit 469 15 484
Financial expense - (34) (34)
Profit before tax 1,959 (19) 1,940
Profit for the financial year attributable to equity holders 1,811 (19) 1,792
Statement of comprehensive income (extract)
Profit for the financial year 1,811 (19) 1,792
Total comprehensive income and expense for the year attributable 1,742 (19) 1,723
to the equity holders of the Parent Company
EPS (basic and diluted) £24.36 £(0.01) £24.35
4. Earnings per share
Earnings per share has been calculated in accordance with IAS 33 - Earnings
Per Share using the profit after tax for the financial year of £1,078,000
(2020 restated: £1,792,000) and the weighted average number of shares as
follows:
Weighted average
number of shares
2021 2020
Restated
Basic and diluted shares 1,172,532 1,221,929
91.91 146.68
Earnings per share (p)
There is no difference between basic and diluted shares as the Company has no
share options in issue.
Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2021 (continued)
Financial Calendar
2021 30 November Final results for 2020 announced
2022 17 January Annual General Meeting/General Meeting
18 January Ex-dividend date for the final dividend
19 January Record date for the final dividend
1 February Final dividend to be paid
May Interim results for 2022 to be announced
July Interim dividend for 2022 to be paid
30 September Year end
Directors and Advisers
Directors Statutory Auditor
J Richard Wollenberg PKF Littlejohn. LLP
Chairman and chief executive
Karen L Chandler FCA
Finance director Stockbrokers and financial adviser
Shore Capital
Nigel D Jamieson BSc, FCSI
Independent non-executive director
Secretary Bankers
Karen L Chandler FCA HSBC Bank Plc
Non-executive director of wholly owned subsidiary Solicitors
First Choice Estates plc Blake Morgan LLP
Derek M Joseph BCom, FCIS
Charsley Harrison LLP
Head office Registrar and transfer office
56 Station Road Neville Registrars Ltd
Egham Neville House
Surrey TW20 9LF Steelpark Road
Telephone: 01784 437444 Halesowen
Fax: 01784 439157 B62 8HD
E-mail: webmaster@cardiff-property.com Telephone: 0121 585 1131
Website: www.cardiff-property.com
Registered office Registered number
56 Station Road 00022705
Egham
Surrey TW20 9LF
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END FR FESFWUEFSESFRecent news on Cardiff Property
See all newsREG - Cardiff Property PLC - Transaction in Own Shares
AnnouncementREG - Cardiff Property PLC - Transaction in Own Shares
AnnouncementREG - Cardiff Property PLC - Transaction in Own Shares
AnnouncementREG - Cardiff Property PLC - Result of AGM
AnnouncementREG - Cardiff Property PLC - Dividend Timetable
Announcement