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Vectura Group PLC Add to portfolio

FTAL:VEC, Jul 13, 08:19 UTC

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Wednesday, September 11


News

Vectura Group (LON:VEC) Rating Reiterated by Peel Hunt – Slater Sentinel

VEC

Vectura Group (LON:VEC)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Monday, ThisIsMoney.Co.Uk reports. Finally, Morgan Stanley reiterated a “buy” rating and set a GBX 160 ($2.09) target price on shares of Vectura Group in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Vectura Group stock opened at GBX 79.70 ($1.04) on Monday.

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Topics:
  • Business
  • Health
  • Financial

Tuesday, September 10


News

Vectura Group plc: Proposed Special Dividend and Share Consolidation, Share Buyback Programme and Dividend Reinvestment Plan

VEC

"Today we’re announcing our intention to increase our capital return from £50 million to £60 million reflecting our belief in a strong outlook and the cash generative nature of our business. Following feedback from our major shareholders, we believe the proposal of a special dividend coupled with an on-market share buyback programme delivers the right balance of speed and efficiency, whilst providing liquidity for the stock during a period of potential uncertainty in financial market conditions." JPMS will make its trading decisions in relation to the Share Buyback Programme independently of, and uninfluenced by, Vectura. The Company will announce any buyback of New Ordinary Shares no later than 7.30 a.m. on the business day following the calendar day on which the buyback occurred. Any valid applications or elections received after this time will not apply to the Special Dividend.

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  • Business
  • Financial

Wednesday, August 28


News

Vectura Group (OTCMKTS:VEGPF) Stock Price Down 3.1% – Slater Sentinel

VEC

Vectura Group PLC (OTCMKTS:VEGPF)’s stock price traded down 3.1% during trading on Monday . The company traded as low as $0.95 and last traded at $0.95, 0 shares changed hands during mid-day trading. Separately, ValuEngine downgraded shares of Vectura Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Vectura Group plc engages in the design, development, and supply of pharmaceutical products for the treatment of airways-related diseases worldwide.

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  • Health
  • Financial

Wednesday, July 17


News

Vectura confirms R&D investment priorities, announces a proposed £50 million capital return and a pre-close trading update

VEC

Chippenham, UK – 17 July 2019: Vectura Group plc (VEC.L) ("Vectura" or "the Group") today confirms its R&D investment priorities, announces a proposed £50 million capital return and provides an unaudited pre-close trading update. “Given the Group’s focus is now primarily on organic growth, with lower risk R&D spend supported by partners, it is our intention to return £50 million to shareholders this year, with the Board continuing to review our capital allocation strategy on a regular basis. Following the successful build out of its generics portfolio, Vectura will continue to focus on securing new partner contracts for the development of inhaled therapies, including novel molecules. For these contracts the Group will move towards offering development services where a smaller proportion of the overall contract value is delivered through contingent milestones. In light of the Group’s reducing R&D risk profile, future cash generation expectations and strong cash balance, the Board has approved, in principle, a capital return of approximately £50 million, commencing in 2019.

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Topics:
  • Business
  • Financial