REG - Harworth Group PLC - FTSE 250 Inclusion

HarworthAnnouncement

17/09/2024 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:20240917:nRSQ4136Ea&default-theme=true

RNS Number : 4136E  Harworth Group PLC  17 September 2024

 17 September 2024
 Harworth Group plc
 ("Harworth" or "the Group")

 Harworth Group FTSE 250 Inclusion

 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.

 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.

 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.

 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.

 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."

 For further information

 Harworth Group plc
 Lynda Shillaw (Chief Executive)                                T: +44 (0) 7436 167 285
 Kitty Patmore (Chief Financial Officer)                        E: investors@harworthgroup.com
 Luke Passby (Head of Investor Relations & Communications)

 FTI Consulting
 Dido Laurimore                                                 T: +44 (0) 20 3727 1000
 Richard Gotla                                                  E: Harworth@fticonsulting.com
 Eve Kirmatzis

 About Harworth

 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.

 

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  UPDBCGDCISBDGSL