(BKG.L) Berkeley Group Holdings (The) PLC Buy/Sell

RNS Number : 7619I
  Berkeley Group Holdings (The) PLC
  18 March 2010
   

The Berkeley Group Holdings plc

Interim Management Statement

Period from 1st November 2009 to 28th February 2010

The Berkeley Group Holdings plc ("Berkeley") today announces its Interim Management Statement in respect of the period from 1st November 2009 to 28th February 2010.

"Berkeley differentiates its business through the location, design and specification of its product, and the architecture and public realm of its developments, creating places in which our customers aspire to live.  This, coupled with its reputation for build quality, continues to underpin Berkeley's performance in these challenging market conditions.

Underlying transaction levels remain approximately 40% below historical average levels, consistent with the trading update provided with the interim results in December 2009.   Berkeley has adjusted its business to match supply to this level of demand.  Sales prices have been stable in the period with cancellation rates at normal levels.

In December 2009, Berkeley announced the acquisition of some 1,800 plots over 12 new sites in the period since 1st May 2009 and, since then, a further four sites have been added to the land bank. Berkeley continues to appraise a large number of land opportunities and its financial strength allows it to act quickly and offer land vendors certainty, however, Berkeley will only acquire land where it is able to deliver value using its development expertise.

In these trading conditions Berkeley has now secured the sales required to meet the Board's expectations for its full year results for the year ending 30th April 2010, which are at the higher end of analysts' expectations.  In terms of its cash position, Berkeley began the year with £284.8 million of net cash and this increased during the first half of the year to £344.7 million at 31st October 2009.  Berkeley anticipates its year-end net cash position will be within this range; the exact level will depend upon land expenditure in March and April." 

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For further information please contact:

The Berkeley Group Holdings plc                                                           Cardew Group 

A W Pidgley                                                                                         Tim Robertson 

R C Perrins                                                                                           Catherine Maitland

N G Simpkin                                                                             

T: 01932 868555                                                                                    T: 0207 930 0777

This information is provided by RNS
The company news service from the London Stock Exchange
 
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RNS Number : 2654I Berkeley Group Holdings (The) PLC 08 March 2010

The Berkeley Group Holdings plc ('the Company')

Director/PDMR Shareholding

The Company makes this notification in relation to transactions notified in accordance with DR 3.1.4R(1)(a).

The Company was notified on 5th March 2010 that, under The Berkeley Group Holdings plc 2004(b) Long-Term Incentive Plan (the "2004(b) LTIP"), 2,358,676 Ordinary Shares in the Company were released to participants of the 2004(b) LTIP on 5th March 2010, at nil consideration in accordance with the Rules of the 2004(b) LTIP.

The 2,358,676 Ordinary Shares in the Company were released to Directors as detailed in the table below:

Name of director Number of Units Percentage of issued Total Holding Total % of Issued Class
Vested class following following Notification
Notification
A W Pidgley a) 1,257,960 a) 0.933% a) 6,252,350 a) 4.636%
(Beneficial) b) 0.014%
b) 19,183 c) 0.374%
(non-Beneficial)
c) 504,488
(Mrs S J Pidgley)
R C G Perrins 471,735 0.350% 1,688,346 1.252%
A Carey 393,113 0.292% 1,865,997 1.384%
G J Fry 235,868 0.175% 943,171 0.699%

R J Stearn

Company Secretary

8th March 2010

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 7107H Berkeley Group Holdings (The) PLC 26 February 2010

The Berkeley Group Holdings plc ('the Company')

Director/PDMR Shareholding

The Company was notified on 25 February 2010 that on the same day, 356,610 ordinary shares of 5 pence each in the Company were acquired by Kleinwort Benson (Jersey) Trustees Limited as trustees of The Berkeley Group Employee Benefit Trust in connection with The Berkeley Group Holdings plc 2004(b) Long Term Incentive Plan. The shares were acquired at a price of 749.69 pence per share.

Following the purchase of shares, each director's interest has technically increased by the number of shares acquired by the trust which do not necessarily relate to his own award. Each Executive Director therefore has a technical interest in all of the 356,610 shares acquired.

Note: For the purposes of the Financial Services Authority's Disclosure Rules and Transparency Rules, the Executive Directors of The Berkeley Group Holdings plc, together with all employees of the Company, are deemed to have a technical interest in the shares held in The Berkeley Group's Employee Benefit Trust. The interest ceases when share are transferred to individuals on the share vesting date.

26 February 2010

R J Stearn

Company Secretary

01932 868555

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This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 6437H Berkeley Group Holdings (The) PLC 25 February 2010

The Berkeley Group Holdings plc ('the Company')

Director/PDMR Shareholding

The Company was notified on 24 February 2010 that on the same day, 1,125,735 ordinary shares of 5 pence each in the Company were acquired by Kleinwort Benson (Jersey) Trustees Limited as trustees of The Berkeley Group Employee Benefit Trust in connection with The Berkeley Group Holdings plc 2004(b) Long Term Incentive Plan. The shares were acquired at a price of 747.73 pence per share.

Following the purchase of shares, each director's interest has technically increased by the number of shares acquired by the trust which do not necessarily relate to his own award. Each Executive Director therefore has a technical interest in all of the 1,125,735 shares acquired.

Note: For the purposes of the Financial Services Authority's Disclosure Rules and Transparency Rules, the Executive Directors of The Berkeley Group Holdings plc, together with all employees of the Company, are deemed to have a technical interest in the shares held in The Berkeley Group's Employee Benefit Trust. The interest ceases when share are transferred to individuals on the share vesting date.

25 February 2010

R J Stearn

Company Secretary

01932 868555

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This information is provided by RNS The company news service from the London Stock Exchange

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