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Harworth Group plc will become a constituent of the FTSE 250 Index, effective from the start of trading on 17 September 2024. This inclusion follows the company's satisfaction of the eligibility criteria during the Index's recent Quarterly Review.
| Date | 17 Sept 2024 |
| Time | 07:00:07 |
| Category | Corporate updates |
| ID | 4136E |
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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) |
T: +44 (0) 7436 167 285 |
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Kitty Patmore (Chief Financial Officer) |
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Luke Passby (Head of Investor Relations & Communications) |
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FTI Consulting |
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Dido Laurimore |
T: +44 (0) 20 3727 1000 |
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Richard Gotla |
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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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