Big Yellow Group PLC delivered mixed annual results, reporting a 2% increase in revenue and adjusted profit but a 38% statutory profit decline attributed to property fair value adjustments, while simultaneously appointing Helen Gordon as its new Senior Independent Non-Executive Director. Meanwhile, Evoke PLC extended the deadline for Bally's Intralot S.A. to make a firm offer, continuing discussions for a potential all-share combination. Separately, an independent director at Schroder Japan Trust PLC made a significant share purchase, signaling strong insider confidence.
Big Yellow Group BYG announced its results for the year ended 31 March 2026, reporting a 2% rise in revenue to £209.1 million and adjusted profit before tax of £117.5 million. This growth was mainly attributed to a 4% increase in average net rent per square foot. Despite this, statutory profit before tax decreased by 38% to £126.2 million, largely influenced by property fair value adjustments. Closing occupancy slightly declined by 1% to 4,985,000 sq ft, representing a 74.2% occupancy rate.
Big Yellow Group BYG announced the appointment of Helen Gordon as Senior Independent Non-Executive Director, effective 1 June 2027. Ms Gordon, currently Chief Executive Officer of Grainger and a non-executive director of Derwent London, is a chartered surveyor with significant experience across various real estate asset classes. Her appointment is expected to bring invaluable property and public company expertise to the board.
Evoke EVOK announced an extension to the deadline for Bally's Intralot to make a firm offer for the company, with the new deadline set for 5.00 p.m. on 8 June 2026. Constructive discussions are reportedly continuing regarding a possible all-share combination with a partial cash alternative, valued at 50 pence per share. The announcement reiterates that there remains no certainty that any offer will be made or as to its final terms.
Chrysalis Investments Limited reported that its Independent Director, Simon Holden, purchased 67,000 ordinary shares at a price of 0.787 pence per share. This transaction amounted to a total consideration of approximately £52,729. Such a significant personal investment by an independent director often indicates strong conviction in the company's valuation and future performance.