Wilmington (WIL)

Sector:

Media

322.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 415.00p
  • 52 Week Low: 313.00p
  • Currency: UK Pounds
  • Shares Issued: 89.28m
  • Volume: 3,778
  • Market Cap: £287.48m
  • RiskGrade: 198

Wilmington sells Shoreditch office leasehold

By Josh White

Date: Thursday 04 May 2017

LONDON (ShareCast) - (ShareCast News) - Information, education and networking services provider Wilmington confirmed on Thursday that it exchanged contracts to sell the leasehold interest in its Underwood Street head office premises in Shoreditch, London for £7.3m in cash as part of 'Project 6th Gear'.
The London-listed firm said completion was expected by the end of June 2017.

At the same time as disposing of its leasehold interest, Wilmington said it was entering into a new 10-year market rate lease for a London head office premises near Aldgate.

It said the new head office space would accommodate Wilmington's London-based businesses while retaining the training facility recently acquired with the acquisition of SWAT Group.

The transactions were expected to be broadly cash neutral over the first five years of the new lease.

Wilmington said the disposed leasehold premises had a book value of £1.5m.

The proceeds of £7.3m before tax, fit out and disposal costs - which it estimated at £3.8m - would be used to initially reduce the group's debt, while providing greater acquisition and investment capacity in line with its stated strategy.

Wilmington said the new building would be operational from 31 December.

"The disposal of our Underwood Street premises is a key milestone for 'Project 6th Gear' and a major step in our drive to promote a more unified business," said chief executive Pedro Ros.

"We are looking forward to occupying our new head office space which will reflect a modern working environment, encourage closer collaboration, and emphasise our core values and culture."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Wilmington Market Data

Currency UK Pounds
Share Price 322.00p
Change Today -5.00p
% Change -1.53 %
52 Week High 415.00p
52 Week Low 313.00p
Volume 3,778
Shares Issued 89.28m
Market Cap £287.48m
RiskGrade 198

Wilmington Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.7% below the market average9.7% below the market average9.7% below the market average9.7% below the market average9.7% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
20.08% below the market average20.08% below the market average20.08% below the market average20.08% below the market average20.08% below the market average
23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average
Income
11.72% below the market average11.72% below the market average11.72% below the market average11.72% below the market average11.72% below the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average
Growth
50.98% below the market average50.98% below the market average50.98% below the market average50.98% below the market average50.98% below the market average
45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Wilmington Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Mar-25 31-Oct-24
Paid 04-Apr-25 04-Dec-24
Amount 3.00p 8.30p

Trades for 18-Jul-2025

Time Volume / Share Price
16:35 327 @ 322.00p
16:35 37 @ 322.00p
16:35 157 @ 322.00p
16:35 66 @ 322.00p
16:35 12 @ 322.00p

Wilmington Key Personnel

CEO Mark Milner

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