REG - Cardiff Property PLC - Half-year Report
04/05/2023 07:15
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RNS Number : 3366Y Cardiff Property PLC 04 May 2023
THE CARDIFF PROPERTY PUBLIC LIMITED COMPANY
AND ITS SUBSIDIARIES
FOR RELEASE 7.00 AM 4 May 2023
THE CARDIFF PROPERTY PLC
LEI: 213800GE3FA4C52CIN05
The Group, including Campmoss, specialises in property investment and
development in the Thames Valley. The total portfolio under management, valued
in excess of £22m, is primarily located to the west of London, close to
Heathrow Airport and in Surrey and Berkshire.
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 31 MARCH 2023
Highlights:
Six months Six months Year
31 March 31 March 30 September
2023 2022 2022
(Unaudited)
(Audited)
(Unaudited)
Net assets £'000 29,657 29,059 29,812
Net assets per share £ 28.00 26.30 27.56
Profit before tax £'000 653 1,083 2,697
Earnings per share (basic and diluted) pence 49.42 91.03 218.23
Interim/total dividend 6.0 5.5 20.5
proposed per share pence
Gearing % Nil Nil Nil
Richard Wollenberg, Chairman, commented:
Activity in the Thames Valley property market improved in the first quarter of
this year following historically low levels at the end of 2022. Business
confidence has been affected by political and economic uncertainties with
increases in interest rates delaying any immediate prospects of recovery.
The office rental market remains slow despite employees returning to the
workplace, albeit with flexible working hours. The office investment market in
certain areas of the Thames Valley has seen interest from overseas investors
but again the number of completed transactions is low.
For further information:
The Cardiff Property plc Richard Wollenberg 01784 437444
Shore Capital Patrick Castle 020 7468 7923
THE CARDIFF PROPERTY PLC
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 31 MARCH 2023
INTERIM MANAGEMENT REPORT
Dear Shareholder,
Activity in the Thames Valley property market improved in the first quarter of
this year following historically low levels at the end of 2022. Business
confidence has been affected by political and economic uncertainties with
increases in interest rates delaying any immediate prospects of recovery.
The office rental market remains slow despite employees returning to the
workplace, albeit with flexible working hours. The office investment market in
certain areas of the Thames Valley has seen interest from overseas investors
but again the number of completed transactions is low.
The Group achieved new retail lettings at Market Street, Bracknell primarily
as a result of existing tenants renewing leases for terms of up to 5 years at
similar passing rents. A number of rent reviews were agreed at marginally
higher levels assisted by previously agreed increases linked to the Retail
Price Index.
Similar rental increases were achieved at Maidenhead Enterprise Centre,
Maidenhead which consists of small business units with industrial warehouse
use on the ground floor and offices above.
Management and liaison with the Group's tenants remains a priority and whilst
trading generally appears to be returning to pre-pandemic levels, inflation
worries and increasing general business outgoings are of concern. Where
necessary deferment of rent has been agreed with monthly rather than the usual
quarterly payments.
Residential values in the Thames Valley have experienced a downturn whilst
rental levels remained firm. Small increases have been achieved at the Group's
Bracknell residential portfolio all of which continue to be let on Assured
Shorthold Tenancies.
FINANCIALS
For the 6 months ending 31 March 2023 profit before tax amounted to £0.65m
(March 2022: £1.08m; September 2022; £2.70m). This figure includes an
after-tax profit from Campmoss Property Company Limited ("Campmoss") our
47.62% joint venture of £0.12m (March 2022: £0.66m; September 2022:
£0.87m). No dividends were received from the Company's investment in Campmoss
(March 2022: £1.0m, September 2022: £3.0m).
Revenue for the 6 months to 31 March 2023 represented by rental income,
totalled £0.34m (March 2022: £0.35m, September 2022: £0.70m). The Group's
share of revenue from Campmoss was £0.29m (March 2022: £7.75m, September
2022: £8.9m), represented by rental income of £0.29m (March 2022: £0.28m;
September 2022; £0.70m). No property sales were completed during the six
months to March 2023 (March 2022: £7.47m, September 2022 £8.2m). Rental
income and sales figures for Campmoss are not included in Group revenue.
Net assets of the Group as at 31 March 2023 were £29.66m (March 2022:
£29.06m, September 2022: £29.81m), equivalent to £28.00 per share (March
2022: £26.30; September 2022: £27.56). The Company's share of net assets in
Campmoss, included on the Group balance sheet, amounted to £13.88m (March
2022: £15.55m, September 2022: £13.76m).
Substantial cash balances are held on short term deposit by both Cardiff and
Campmoss, at the half year the company had £nil gearing (March 2022: £nil
September 2022 £nil).
The directors are of the opinion, other than as mentioned in this report,
there are no material changes in the investment value of the Group's portfolio
as at 31 March 2023.
As in previous years the freehold investment properties held by Cardiff will
be professionally valued at 30 September 2023.
The Company may hold in treasury any of its own shares purchased which gives
the Company the ability to re-issue treasury shares and provide greater
flexibility in the management of its capital base.
During the 6 months to 31 March 2023 the Company purchased 22,577 ordinary
shares (March 2022: 10,969 ordinary shares, September 2022: 34,199 ordinary
shares). All shares purchased by the Company not held in treasury have been
cancelled and the number of shares in issue reduced accordingly. There have
been no material events or material changes in assets, liabilities or related
party relationships since 30 September 2022.
Current IFRS accounting recommends that deferred tax is chargeable on the
difference between the indexed cost of properties and quoted investments and
their current market value. However, current IFRS accounting does not require
the same treatment in respect of the Group's unquoted investment in Campmoss
Property, the 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 only, based on
the value in the company's balance sheet at 31 March 2023 this would result in
a tax liability of £3.47m (March 2022: £3.89m, September 2022:
£3.44m) equivalent to £3.28 per share calculated using a tax rate of 25%
(March 2022: £3.52 per share, September 2022: £3.18 per share). This
information is provided to shareholders as an additional, non-statutory,
disclosure.
DIVIDEND
The directors have declared an interim dividend of 6.0p per share (interim
March 2022: 5.5p; final September 2022: 15.0p) an increase of 9.1% which will
be paid on 29 June 2023 to shareholders on the register at 26 May 2023.
THE INVESTMENT & DEVELOPMENT PORTFOLIO
The Group's freehold property portfolio, including those held by Campmoss,
remains located in the Thames Valley and in the neighbouring counties of
Surrey, Berkshire and Buckinghamshire.
Maidenhead Enterprise Centre, Maidenhead, comprises 6 individual business
units totalling 14,000 sq. ft. Units include industrial use on the ground
floor with offices above. All units are let on a mixture of short and medium
term leases.
The White House, Egham, comprises 5 ground floor retail units with
air-conditioned offices on the upper floor. Following the expiry of leases one
retail unit and part of the upper floor offices are available for letting.
The Windsor Business Centre, Windsor, comprises 4 business units all of which
are let on leases inclusive of a development break clause. A planning
application for the renewal of an existing consent for a new 21,000 sq. ft.
office scheme has been submitted and agents retained to seek pre-lettings. A
decision to commence development is likely to depend on securing suitable
lettings. The units remain available for sale.
Heritage Court, Egham, comprises 4 retail units let on medium term Leases with
the upper floor residential apartments previously sold on long leaseholds. The
adjoining freehold office property is occupied by the Company.
CAMPMOSS PROPERTY COMPANY LIMITED & SUBSIDIARIES
The Campmoss portfolio provides a range of office, retail and residential
properties in Burnham, Bracknell and Maidenhead.
Market Street, Bracknell, includes 4 adjacent buildings divided into 33 retail
units and 17 individual apartments on the upper floors of two of the
buildings. All retail units are let on medium term leases with the apartments
let on Assure Shorthold Tenancy Agreements. The apartments are also available
for sale.
The Priory, Stomp Road, Burnham, comprises 17,000 sq. ft. of office space and
an adjoining business centre occupying 9,000 sq. ft. At the beginning of the
year planning permission was granted for a new 70-bedroom care home whilst
retaining the existing business centre. Negotiations are currently taking
place to achieve a leasing commitment for the care home with a view to
proceeding with the development.
Highway House, Maidenhead retains a planning permission for a new 48,000 sq.
ft. gross Grade A office scheme. Any commencement of construction would be
subject to achieving sufficient pre-lettings which has so far proved
unsuccessful. A planning application for residential use was recently refused
and alternative uses for the site are being examined. The cleared site is
currently leased as a car park to an adjoining office user.
MANAGEMENT AND TEAM
Management of the Group's portfolio and its tenants is undertaken by our small
team based in Egham and I wish to take this opportunity of thanking all
members and our joint venture partner for their dedication and continued
support.
RELATIONSHIP AGREEMENT
The Company has entered into a written and legally binding Relationship
Agreement with myself, its controlling shareholder, to address the
requirements of LR9.2.2AR of the Listing Rules.
OUTLOOK
The majority of business owners wish to progress their individual businesses
despite uncertainties. There are occasional glimmers of confidence returning
to the property market and over the last few weeks the number of enquiries has
exceeded expectations. I do not expect any marked increase in rentals or
values in the short term but a return to full occupancy and increased trading
levels will provide encouragement for the business community which in turn
should benefit the property market.
The Group has a number of projects in hand, and I look forward to reporting
further at the year end.
J Richard Wollenberg
Chairman
3 May 2023
Condensed Consolidated Interim Income Statement
FOR THE SIX MONTHS ENDED 31 MARCH 2023
Six months Six months Year
31 March 31 March 30 September
2023 2022 2022
(Unaudited)
(Unaudited)
(Audited)
£'000 £'000
£'000
Revenue 339 348 703
Cost of sales (16) (22) (64)
______ ______ ______
Gross profit 323 326 639
Administrative expenses (300) (274) (461)
Other operating income 322 346 574
______ ______ ______
Operating profit before gains on investment properties and other investments 345 398
752
Fair value movement on revaluation of investment properties - - 299
______ ______ ______
Operating profit 345 398 1,051
Financial income 114 25 80
Financial expense (3) (4) (8)
Profit on sale of investments 75 - -
Profit on sale of investment properties - - 706
Share of results of Joint Venture 122 664 868
______ ______ ______
Profit before taxation 653 1,083 2,697
Taxation (123) (73) (291)
______ ______ ______
Profit for the period attributable to equity holders 530 1,010 2,406
______ ______ ______
Earnings per share on profit for the period - pence
Basic and diluted 49.42 91.03 218.23
______ ______ ______
Dividends
Final 2022 paid 15.0p (2021: 13.5p) 161 149 150
Interim 2022 paid 5.5p - - 60
______ ______ ______
161 149 210
______ ______ ______
Final 2022 proposed 15.0p - - 162
Interim 2023 proposed 6.0p (2022: 5.5p) 64 61 -
______ ______ ______
64 61 162
______ ______ ______
These results relate entirely to continuing operations. There were no acquisitions or disposals during these periods.
Condensed Consolidated Interim Statement of Comprehensive Income and Expense
FOR THE SIX MONTHS ENDED 31 MARCH 2023
Six months Six months Year
31 March 31 March 30 September
2023 2022 2022
(Unaudited)
(Unaudited)
(Audited)
£'000
£'000 £'000
Profit for the financial period 530 1,010 2,406
Items that cannot be reclassified subsequently to profit or loss
Net change in fair value of other properties - - 59
Net change in fair value of investments 22 (19) (94)
______ ______ ______
Total comprehensive income and expense for the period attributable to equity holders of the parent company 2,371
552 991
______ ______ ______
Condensed Consolidated Interim Balance Sheet
AT 31 MARCH 2023
31 March 31 March 30 September
2023 2023 2022
(Unaudited)
(Unaudited)
£'000 (Audited)
£'000
£'000
Non-current assets
Freehold investment properties 5,985 5,956 5,985
Property, plant and equipment 300 241 300
Right of use asset 140 150 145
Investment in Joint Venture 13,880 15,554 13,758
Other financial assets 837 1,054 898
______ ______ ______
Total non-current assets 21,142 22,955 21,086
_____ _____ ______
Current assets
Stock and work in progress 704 689 694
Trade and other receivables 244 182 223
Held to maturity cash deposits 8,263 1,088 4,041
Cash and cash equivalents 444 5,192 4,912
______ ______ ______
Total current assets 9,655 7,151 9,870
______ ______ ______
Total assets 30,797 30,106 30,956
______ ______ ______
Current liabilities
Trade and other payables (581) (511) (599)
Corporation tax (215) (240) (198)
______ ______ ______
Total current liabilities (796) (751) (797)
______ ______ ______
Non-current liabilities
Lease liability (168) (175) (172)
Deferred tax liability (176) (121) (175)
______ ______ ______
Total non-current liabilities (344) (296) (347
______ ______ ______
Total liabilities (1,140) (1,047) (1,144)
______ ______ ______
Net assets 29,657 29,059 29,812
______ ______ ______
Equity
Called up share capital 212 221 216
Share premium account 5,076 5,076 5,076
Other reserves 2,476 2,461 2,450
Investment property revaluation reserve 2,095 1,814 2,095
Retained earnings 19,798 19,487 19,975
______ ______ ______
Shareholders' funds attributable to equity holders 29,657 29,059 29,812
______ ______ ______
Net assets per share £28.00 £26.30 £27.56
______ ______ ______
Condensed Consolidated Interim Statement of Cash Flows
FOR THE SIX MONTHS ENDED 31 MARCH 2023
Six months Six months Year
31 March 31 March 30 September
2023 2022 2022
(Unaudited)
(Unaudited)
(Audited)
£'000
£'000 £'000
Cash flows from operating activities
Profit for the period 530 1,010 2,406
Adjustments for:
Depreciation right of use assets 5 5 10
Financial income (114) (25) (80)
Financial expense 3 4 8
Profit on sale of investment property - - (706)
Profit on sale of investment (75) - -
Share of profit of Joint Venture (122) (664) 868)
Fair value movement on revaluation on of investment properties - - (299)
Taxation 123 73 291
______ ______ ______
Cash flows from operations before changes in 350 403 762
working capital
Acquisition of inventory and work in progress (10) - (5)
(Increase)/decrease in trade and other receivables (28) (42) (67)
(Decrease)/increase in trade and other payables (18) (241) (128)
______ ______ ______
Cash generated from operations 294 120 562
Tax paid (98) - (218)
______ ______ ______
Net cash flows from operating activities 196 120 344
______ ______ ______
Cash flows from investing activities
Interest received 114 30 81
Dividend from Joint Venture - 1,000 3,000
Proceeds from sale of investment property - - 1,000
Acquisition of investments, and property, plant and equipment - 11 (39)
Proceeds from sale of investments 158 - 81
(Increase)/decrease in held term deposits (4,222) 818 (2,134)
______ ______ ______
Net cash flows from investing activities (3,950) 1,859 1,989
______ ______ ______
Cash flows from financing activities
Purchase of own shares (546) (225) (791)
Lease payments (7) (7) (14)
Dividends paid (161) (149) (210)
______ ______ ______
Net cash flows from financing activities (714) (381) (1,015)
______ ______ ______
Net decrease/(decrease) in cash and cash equivalents (4,468) 1,598 1,318
Cash and cash equivalents at beginning of period 4,912 3,594 3,594
______ ______ ______
Cash and cash equivalents at end of period 444 5,192 4,912
______ ______ ______
Condensed Consolidated Interim Statement of Changes in Equity
FOR THE SIX MONTHS ENDED 31 MARCH 2023
Investment
property
Share
revaluation
premium
reserve
Share
account Other
Retained Total
capital
reserves £'000
earnings
equity
£'000
£'000 £'000 £'000 £'000
At 30 September 2021 223 5,076 2,478 1,814 18,851 28,442
Profit for the period - - - - 1,010 1,010
Other comprehensive income - revaluation of investments - - (19) - - (19)
Transactions with equity holders - - - - (149) (149)
Dividends
Purchase of own shares (2) - 2 - (225) (225)
______ ______ ______ ______ ______ ______
Total transactions with equity holders (2) - 2 - (374) (374)
______ ______ ______ ______ ______ ______
At 31 March 2022 221 5,076 2,461 1,814 19,487 29,059
Profit for the period - - - - 1,396 1,396
Other comprehensive income - revaluation of investments - - (75) - - (75)
Net change in fair value of own use freehold property - - 59 - - 59
Transactions with equity holders - - - - (61) (61)
Dividends
Purchase of own shares (5) - 5 - (566) (566)
______ ______ ______ ______ ______ ______
Total transactions with equity holders (5) - 5 - (627) (627)
______ ______ ______ ______ ______ ______
Fair value movement on investment properties - Cardiff - - - 299 (299) -
Disposal of property - Cardiff - - - (171) 171 -
Fair value movement on investment properties - Campmoss Group - - - 153 (153) -
At 30 September 2022 216 5,076 2,450 2,095 19,975 29,812
Profit for the period - - - - 530 530
Other comprehensive income - revaluation of investments - - 22 - - 22
Transactions with equity holders - - - - (161) (161)
Dividends
Purchase of own shares (4) - 4 - (546) (546)
______ ______ ______ ______ ______ ______
Total transactions with equity holders (4) - 4 - (707) (707)
______ ______ ______ ______ ______ ______
At 31 March 2023 212 5,076 2,476 2,095 19,798 29,657
______ ______ ______ ______ ______ ______
Statement of Responsibility
FOR THE SIX MONTHS ENDED 31 MARCH 2023
The directors are responsible for preparing the condensed consolidated interim
financial statements for the six months ended 31 March 2023 and they confirm,
to the best of their knowledge and belief, that:
· the condensed consolidated set of interim financial statements
for the six months ended 31 March 2023 have been prepared in accordance with
IAS 34 - Interim Financial Reporting and in accordance with the requirements
of UK adopted international accounting standards and The Companies Act 2006;
· the interim management report includes a fair review of the
information required by:
a) DTR 4.2.7R of the Disclosure and Transparency Rules, being an
indication of important events that have occurred during the first six months
of the financial year and their impact on the condensed set of interim
financial statements and a description of the principal risks and
uncertainties for the remaining six months of the year; and
b) DTR 4.2.8R of the Disclosure and Transparency Rules, being related
party transactions that have taken place in the first six months of the
current financial year and that have materially affected the financial
position or performance of the group during that period; and any changes in
the related party transactions described in the last annual report that could
do so.
J Richard Wollenberg, Chairman
Karen L Chandler, Finance director
Nigel D Jamieson, Independent non-executive director
3 May 2023
Notes to the Condensed Consolidated Interim Financial Statements
FOR THE SIX MONTHS ENDED 31 MARCH 2023
1. Basis of preparation
This condensed set of financial statements has been prepared in accordance
with IAS 34 - Interim Financial Reporting in conformity with the requirements
of The Companies Act 2006. The condensed set of financial statements are
unaudited.
The annual financial statements of the Group are prepared in accordance with
UK-adopted international accounting standards and as applied in accordance
with the provisions of the Companies Act 2006. As required by the Disclosure
and Transparency Rules of the Financial Conduct Authority, the condensed set
of financial statements has been prepared applying the accounting policies and
presentation that were applied in the preparation of the Group's published
consolidated financial statements for the year ended 30 September 2022.
The comparative figures for the financial year ended 30 September 2022 are not
the Group's statutory accounts for that financial year. Those accounts have
been reported on by the Group's auditor and delivered to the registrar of
companies. The report of the auditor was: unqualified; did not give any
reference to any matters to which the auditor drew attention by way of
emphasis without qualifying their report; and did not contain a statement
under sections 498 (2) or (3) of the Companies Act 2006.
Accounting policies
The condensed consolidated interim financial statements have been prepared
applying the accounting policies that will be applied in the preparation of
the Group's financial statements for the year ended 30 September 2022.
Use of estimates and judgement
The preparation of financial statements in conformity with IFRS requires
management to make judgements, estimates and assumptions that affect the
application of accounting policies and the reported amounts of assets,
liabilities, income and expense. Actual results may differ from these
estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognised in the period in which the
estimates are revised and in any future periods affected. The key areas in
which estimates have been used and the assumptions applied are in valuing
investment properties and properties in the joint venture, in valuing
available for sale assets, in classifying properties and in the calculating of
provisions.
An external, independent valuer, having an appropriate recognised professional
qualification and recent experience in the location and category of property
being valued, values the company's property portfolio at the end of each
financial year. The directors of the joint venture value its portfolio each
year; such valuation takes into account yields on similar properties in the
area, vacant space and covenant strength. The directors of the group and joint
venture review the valuations for the interim financial statements.
A provision is recognised in the balance sheet when the Group has a present
legal or constructive obligation as a result of a past event and it is
probable that an outflow of economic benefit will be required to settle the
obligation. If the effect is material, provisions are determined by
discounting the expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money and, where appropriate,
the risks specific to the liability.
Going concern
The Group has sufficient financial resources to enable it to continue in
operational existence for the foreseeable future, to complete the current
maintenance and development programme and meet its liabilities as they fall
due. Accordingly, the directors consider it appropriate to continue to adopt
the going concern basis in preparing these interim financial statements.
Notes to the Condensed Consolidated Interim Financial Statements
FOR THE SIX MONTHS ENDED 31 MARCH 2023 (continued)
2. Segmental analysis
The Group manages its operations in two segments, being property and other
investment and property development. Property and other investment relate 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 Six months 31 March 2023
(Unaudited)
Total
£'000 £'000 £'000 £'000
Rental income (wholly in the UK) 223 116 - 339
Profit before taxation 376 277 - 653
Net operating assets
Assets 28,665 5,154 (3,022) 30,797
Liabilities (3,916) (246) 3,022 (1,140)
Net assets 24,749 4,908 - 29,657
Property and other investment Property Development Eliminations Six months 31 March 2022
(Unaudited)
Total
£'000 £'000 £'000 £'000
Revenue (wholly in the UK) 241 107 - 348
Profit before taxation 962 121 - 1,083
Net operating assets
Assets 27,074 4,882 (1,850) 30,106
Liabilities (2,680) (217) 1,850 (1,047)
Net assets 24,304 4,665 - 29,059
Property and other investment Property Development Eliminations Year September 2022
(Audited)
Total
£'000 £'000 £'000 £'000
Rental income (wholly in the UK) 494 209 - 703
Property sales 706 - - 706
Profit before taxation 2,433 264 - 2,697
Net operating assets
Assets 27,006 5,038 (1,088) 30,956
Liabilities (1,936) (296) 1,088 (1,144)
Net assets 25,070 4,742 - 29,812
"Eliminations" relate to inter segment transactions and balances which cannot
be specifically allocated but are eliminated on consolidation.
The operations of the Group are not seasonal.
3. Taxation
The tax position for the six-month period is estimated on the basis of the
anticipated tax rates applying for the full year.
4. Dividends
The interim dividend of 6.0p per share will be paid on 29 June 2023 to
shareholders on the register on 26 May 2023. Under accounting standards this
dividend is not included in the condensed consolidated interim financial
statements for the six months ended 31 March 2023.
5. Earnings per share
Earnings per share has been calculated using the profit after tax for the
period of £530,000 (March 2022: £1,010,000, year ended September 2022:
£2,406,000) and the weighted average number of shares as follows:
Weighted average number of shares
31 March 31 March 30 September
2023 2022 2021
(Unaudited) (Unaudited) (Audited)
Basic and diluted 1,072,675 1,109,477 1,102,357
_________ _________ _________
Earnings per share (p) 49.42 91.03 218.23
_________ _________ _________
Directors and Advisers
Directors Auditor
J Richard Wollenberg MHA MacIntyre Hudson
Chairman and chief executive
Karen L Chandler FCA
Finance director Stockbrokers and financial advisers
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
Charsley Harrison LLP
Derek M Joseph BCom, FCIS
Head office Registrar and transfer office
56 Station Road Neville Registrars Limited
Egham, TW20 9LF Neville House
Telephone: 01784 437444 Steelpark Road
Fax: 01784 439157 Halesowen
E-mail: webmaster@cardiff-property.com B62 8HD
Web: www.cardiff-property.com Telephone: 0121 585 1131
Registered office Registered number
56 Station Road 00022705
Egham, TW20 9LF
Financial Calendar
2023 4 May Interim results for 2023 announced
25 May Ex-dividend date for interim dividend
26 May Record date for interim dividend
29 June Interim dividend to be paid
30 September End of accounting year
December Final results for 2023 announced
2024 January Annual General Meeting
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AnnouncementREG - Cardiff Property PLC - Transaction in Own Shares
AnnouncementREG - Cardiff Property PLC - Result of AGM
AnnouncementREG - Cardiff Property PLC - Transaction in Own Shares
Announcement