Further to our full year announcement to the market, we have engaged Colliers International to investigate market interest in the Colombo Street property, including the possible sale and leaseback of the property. Any sale or action resulting from this initiative would ultimately be subject to shareholder approval of Smiths City as a material transaction of Smiths City Group. The location
Zero Commission Small Shareholder Offer 01.07.15
NZX Market Release Smiths City Group Limited (SCY) – Zero Commission Small Shareholder Offer UNSOLICITED OFFER BY ZERO COMMISSION NZ LTD On 10th June 2015, Zero Commission NZ Limited advised, (as required by Section 163 of the Financial Markets Conduct Act 2014), that it intends to make an offer to selected small shareholders in Smiths City Group who are New
SMITHS CITY ANNOUNCES INCREASE IN SHAREHOLDER VALUE 29.06.15
The Directors of Smiths City Group Limited, the Christchurch based retailer, have announced an operating surplus after taxation for the 12 months to 30 April 2015 of $8.0 million (last year $4.1 million). Operating revenues for the 12 months were $221.4 million (last year $220.0million). The Directors have declared an unimputed final dividend of 2.5 cents (last year 2.5 cents)
SMITHS CITY GROUP ANNOUNCES RESIGNATION FROM THE BOARD NZX ANNOUNCEMENT 29.05.15
The Board of Directors of Smiths City Group Limited announce that, following the successful introduction of the new Chief Executive Officer, Mr Roy Campbell at 1st May 2015 that Mr Rick Hellings (Managing Director) resigns from the Board of Directors for the Group as from today, Friday 29th May 2015. The Board wishes to thank Mr Hellings for all he
DIRECTOR NOMINATION PERIOD NZX ANNOUNCEMENT 25.5.15
The Annual Meeting of shareholders of Smiths City Group Limited will be held in the Function Lounge, Hagley Oval, Riccarton Avenue, Central Christchurch; commencing at 10.30am on Tuesday 25 August 2015. Smiths City advises that the closing date for Director nominations is Thursday 25 June 2015. All nominations must be received by 4.00pm on the closing date. Nominations may be
SMITHS CITY BUILDING INSURANCE CLAIMS SETTLED 30.04.15
The Directors of Smiths City Group Limited are very pleased to advise final settlement of all insurance matters following the 2011 Christchurch earthquake. Payment has been received today of $5.6million (net of GST) in respect of the damaged Colombo Street, Christchurch, buildings. This brings the total of payments received for the site to $18million of which $7.2million has been spent
SMITHS CITY GROUP Announces APPOINTMENT OF CHIEF EXECUTIVE OFFICER- 14-04-15
The Board of Smiths City Group announced late last year that our Managing Director for the last 15 years – Rick Hellings – was stepping down and as a result a search process had commenced. We are pleased to announce the appointment of Roy Campbell as Chief Executive Officer. Roy will start on 1st May 2015. Commenting on the appointment,
CHANGE OF SUBSIDIARY NAME AND AGREEMENT WITH NEW BRAND AMBASSADOR – 29-01-15
The recent re-branding of the Group’s finance company from Smithcorp Finance Limited to Smiths City Finance Limited is the first step in a strategy to increase the profile and ultimately the size of the finance business and reflects the importance of consumer finance in the Group’s integrated “full service retail” model. The Directors are pleased to announce that Smiths City
SMITHS CITY GROUP REPORTS AN INCREASE IN HALF YEAR PROFIT AFTER TAX – 22-12-14
The Directors of Smiths City Group Limited, the Christchurch based retailers, have announced an operating surplus after taxation for the six months to 31 October 2014 of $4.266million compared with $1.903million last year – an increase of 124.1%. Operating revenues for the six months were $109.473million – up 0.9% on previous year of $108.504million. The Directors have declared an unimputed
APPOINTMENT OF NEW DIRECTOR – 01.12.14
The Board of Directors of Smiths City Group Limited (SCY) is pleased to announce that Ms Sheena Henderson has been appointed as an independent non-executive Director of the company. Sheena has a strong background in business leadership; global branding; retailing experience in the food sector; marketing and corporate advisory work at Board and Senior Management level. Sheena has over 20