#epwn

Schroders plc snap up more Epwin Group PLC shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi     1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Epwin Group plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached   An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments   An event changing the breakdown of voting rights   Other (please specify):     3. Full name of person(s) subject to the notification obligation: iii Schroders plc 4. Full name of shareholder(s) (if different from 3.):iv   5. Date of the transaction and date on which the threshold is crossed or reached: v 28.01.15 6. Date on which issuer notified: 29.01.15 7. Threshold(s) that is/are crossed or reached: vi, vii From 12% – 13% 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of  voting rights x Direct Directxi Indirect xii Direct Indirect Ordinary 17,296,300 17,296,300 17,813,300 N/A 17,813,300 N/A 13.195% GB00BNGY4Y86

    B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration date xiii Exercise/ Conversion Periodxiv Number of voting rights that may be acquired if the instrument is exercised/ converted. % of voting rights             C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi Resulting situation after the triggering transaction Type of financial instrument Exercise price Expiration date xvii Exercise/ Conversion period xviii Number of voting rights instrument refers to

  % of voting rightsxix, xx

            Nominal Delta       Total (A+B+C) Number of voting rights Percentage of voting rights 17,813,300 13.195% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi  

Schroder Investment Management Limited                           17,292,000                       12.809%

Epwin Group performances, highlights the value in the shares says Zeus Capital

Zeus Capital’s thoughts on Epwin Group (LSE:EPWN) trading update this morning: “Epwin’s FY14 trading update released this morning indicates that results will meet expectations. This provides a great deal of confidence on the business hitting our £18.0m profit before tax expectations and highlights a stark valuation discrepancy relative to peers. The shares trade on a PER of just 7.9x in FY14 falling to 7.5x in FY15. In addition they offer a prospective yield of 7.5% with 1.8x earnings cover.

The good performance in FY14 will result in c. 25% growth in forecast profit before tax as management’s focus on operational efficiency leads to an improvement in margins, we forecast a 100bp increase in EBITA margins to 7.0%. In FY15 we estimate no further improvement, from either cost efficiencies or operational gearing, and only 2.2% improvement in revenue. We continue to view the RMI market positively, however, any material cyclical improvement in end markets is currently not discounted into our estimates for FY15 or FY16.

In addition to the good trading in H214, cash generation has been strong with the Group ending the year with a positive cash balance, despite paying £1.9m in dividend during the period. The dividend going forward is well covered by free cash flow at 2.2x FY15 falling to 1.8x in FY16, the first year the full cash impact is felt.

Epwin Group set to deliver favourable results says Jon Bednall, CEO

Jon Bednall, Chief Executive Officer, Epwin Group (LSE:EPWN) said: “The Group has had an exciting year, being admitted to trading on AIM on 24 July 2014, and is set to deliver favourable results for the year to 31 December 2014 that are in line with expectations for our maiden full year results.”

“We are delighted that Mike has agreed to join the Board.  He brings significant experience of working with quoted companies, having been a Non-executive Director of listed businesses since 2006 and this will strengthen the existing Board.”

“We are enthusiastic about the future and look forward to the formal announcement of results for the year to 31 December 2014 on 16 April 2015.”

  Epwin Group Plc (AIM: EPWN) the vertically integrated manufacturer of extrusions, mouldings and fabricated low maintenance building products, supplying the Repair, Maintenance and Improvement new build property and social housing sectors, has today given DirectorsTalk the following update:

-    Results for the year are in line with expectations and the Directors’ are pleased with the progress that the business has made and are positive about the future outlook.

  -    Cash flow has been strong and the Group has ended the year with a net cash balance, having already paid dividends of £1.9m in H2 2014.

  -    Mike O’Leary will join the Board as a Non-executive Director from 1 March 2015

  -    The Company will announce its audited results for the year ended 31 December 2014 on 16 April 2015.

  Epwin is pleased to announce the appointment of Mike O’Leary to the Board as Non-executive Director with effect from 1 March 2015.  Mike was joint COO at Misys plc between 1986 and 2000, running both their UK Insurance Division and US Healthcare Division. He was then CEO of Huon Corporation and also Marlborough Stirling plc. Since 2005 he has undertaken a number of non-executive roles.  He is currently non-executive Chairman of EMIS Group plc and a Non-executive Director of Headlam Group plc, where he has served since March 2006.

  Michael Kevin O’Leary, 62, has held the following directorships in the past 5 years:

  Current

  EMIS Group plc

Headlam Group plc

Oxford United Football Club Limited

ENSCO 1070 Limited

  Former

  Orion Imaging Limited

Five Valleys Property Company Limited

Digital Healthcare Limited

Psion Holdings Limited

Schroder PLC take major interest in Epwin Group PLC

    1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Epwin Group plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights ü An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached   An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments   An event changing the breakdown of voting rights   Other (please specify):     3. Full name of person(s) subject to the notification obligation: iii Schroders plc 4. Full name of shareholder(s) (if different from 3.):iv   5. Date of the transaction and date on which the threshold is crossed or reached: v 12.01.15 6. Date on which issuer notified: 14.01.15 7. Threshold(s) that is/are crossed or reached: vi, vii From 12% – 13%

Tenemos el placer de dar inicio a nuestro ciclo de charlas «Cross Mentoring» dirigido únicamente a las mentees de «emprendimiento«

Las sesiones van a realizarse en Roca Madrid Gallery, quien amablemente nos está recibiendo en sus instalaciones.

El día 06 de mayo, inauguramos el programa con nuestra primera invitada Mercedes Cubillo, con su sesión «Cuestionando el paradigma»

Vamos a resumir algunas reflexiones de la sesión:

En estos momentos,  la innovación  va tan rápido que todo nuestro entorno esta en continua  evolucion.

La resistencia a cambiar maneras de hacer, pensar, nuestros hábitos y valores;  no hacen mas que reforzar esto. Nos encontramos con rupturas que nos descolocan . Por ejemplo, la crisis. Hemos vivido en la certeza, que al seguir la misma fórmula de nuestros padres, teníamos el éxito asegurado.

Anteriormente se pensaba que, una casa, nos daba seguridad, al igual que un trabajo o la  familia eran para siempre Al aceptar el continuo  cambio, nos  cuestionarnos muchas cosas que creíamos seguras y ciertas «porque siempre se han hecho así» . Nos ayuda a enfrentarnos a este entorno de vértigo, aprendiendo  a encontrar la magia, cuando los cambios nos hacen salir de nuestra zona de confort.