The Financial Information is presented in Euro, rounded to the nearest thousand, which is the functional currency of the parent company and also the presentation currency of the Group. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. Investegate reserves the Dec 22 (Reuters) - Applegreen APGNA.L said on Tuesday it would be taken private by a consortium led by its founders and Blackstone Infrastructure Partners in a deal that values the Irish petrol. The Company's Annual General Meeting will be held at 11.00 am on Wednesday, 6 . Rate Fix announcements are filtered from this site. 2023 FE fundinfo. The company said the scale of the impact of Covid-19 will be dependent on how the situation develops and over what timeframe, together with the impact of any further measures taken by national governments to mitigate the disruption. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. The Go-Ahead Group plc Annual Report and Accounts 2021 Strategic report 1ection 172(1) and non-financial S information statements 2 Our strengths 4 Chair's letter 7 Group Chief Executive's review 10 London & South Eastern Railway 12 Group Q&A 16 Our markets 18 Our business model 20 Our stakeholders 24 Our strategy An impairment charge of 1.4 million (30 June 2019: 1.1million) was recognised in the Consolidated Income Statement within selling and distribution costs. 3. . Applegreen is always looking for highly motivated individuals. The announcements are supplied by the denoted source. DONATE Support those who speak up We commenced a rebranding of the fuel offer in the Mid-West sites at the start of the year which is still ongoing. Coursework. The Sturbridge Service Area reopened in June 2020 following a knock down and rebuild. Cash and cash equivalents include the following for the purposes of the statement of cash flows: On 8 September 2020 the Group announcedthat it is part ofEmpire StateThruway Partners (the "Consortium"), which has been awarded and signed a conditional 33 year lease for the design, construction, financing, operation and maintenance of the 27 motorway service areas on theNew York StateThruway. Investegate takes no responsibility for the accuracy of the information within Sustainability and TCFD report. Having considered the above factors, the Directors are of the view that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for a period of twelve months following the date of this report. The Group temporarily reduced frontline headcount in late March with employees returning to the business as food offers were reopened and volumes increased; We secured a deferral of payroll taxes and VAT from HMRC and Irish Revenue; We benefited from the UK and Republic of Ireland government property rates moratoriums for twelve months and six months, respectively; We negotiated rental reductions or holidays with landlords; We reduced repairs and maintenance costs, a large component of the cost base, to minimal levels; We implemented a recruitment freeze and reduced headcount in selective areas; We implemented graduated salary cost reductions on a temporary basis for support staff across the organisation; We deferred development capital expenditure and reduced maintenance capital expenditure to its absolute minimum level; and. Applegreen plc is a forecourt retail business headquartered in Dublin, Ireland. Dissertation. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. Phone: +353 15124800. Government grants represent the transfers of resources to the Group from governments in the key trading regions in which it operates, on condition that certain criteria relating to the Group's operating activities are met. Net debt position comprises current and non-current borrowings (excluding shareholder loans and IFRS 16 lease liabilities) and cash and cash equivalents. The Group considers each individual site as a cash generating unit (CGU) for the purpose of impairment assessment in accordance with IAS 36 'Impairment of assets'. Adjusted EBITDA refers to EBITDA adjusted for share based payments and non-recurring items. Worked with the EPA's Financial Provision Unit, personally preparing financial strength assessments for 105 million of parental company guarantees for 16 companies. Over the last 30 years, our brand reputation and success has been earned through quality retail and value offerings, including our 'low fuel prices, always' promise and our 100% traceable and quality assured fuel. The acquisition is conditional on gaining at least 75% in. Through sixteen handcrafted paper cut-out illustrations, illuminated and photographed, we visualised the concept of tangible growth. A YEAR OF GROWTH Revenue Non-Fuel Gross Profit. The official website for the company is applegreenstores.com. Finance providers were engaged at an early stage to ensure there was sufficient covenant flexibility and access to additional borrowing facilities. Applegreen Plc PESTEL Analysis Model was proposed by Michael E. Porter in 1979. 5. LowFuelcard, the smartest way to fuel your business. Applegreen is at different stages of this lifecycle in its three markets. We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www . Impairment of property, plant and equipment and intangibles (other than goodwill). Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Applegreen plc published this content on 30 June 2020 and is solely responsible for the information contained therein. The Company's segments include Retail Ireland, Retail UK and Retail USA. For further information, please contact rns@lseg.com or visit www.rns.com. Free access to Real-time quotes, Financial news, Market data and investing analysis. Collect points every time you fill up or shop at Applegreen. Net debt is adjusted for shareholder loans and IFRS 16. this site. The Annual Report and a notice c, The Company's Annual General Meeting is expected to be held at, 11.00 am on Tuesday, 1 September 2020. -2020 Please work from home. Applegreen plc is a petrol forecourt retailer in the Republic of Ireland and the United Kingdom. As of April 2022, the business operates 620 forecourt sites and employs circa 15,000 people across Ireland, UK and America. The CGUs represent the lowest level at which the associated goodwill is monitored for internal management purposes, and are not larger than the operating segments determined in accordance with IFRS 8, Operating Segments. Tax report. : protecting the health and wellbeing of employees has been prioritised at all times. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. Annual Audited Accounts Applegreen plc (the 'Group' or the 'Company'), the roadside convenience retailer today provides an update on its audited accounts for the year ended 31 December 2019. Applegreen PLC. Back Submit. [2] Latest years. Well, we are all about great value, always. The CODM has been identified as the Board of Executive Directors. 5. By using this site, you agree to use the content for private use only. We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c, approximately 70m of cash and 260m of external debt within the Applegreen plc banking group; and. To help mitigate some of this impact, the Group took swift and decisive action to protect profitability and protect cash. Applegreen 21st Anniversary Annual Report Annual Report for Irish forecourt retailer, Applegreen. The board considers the business from both a geographic and product perspective. APPLEGREEN (trading name, 2019-10-03 - 2024-10-03) BURGER KING OF BARRINGTON (trading name, 2019-10-03 - 2024-10-03) Agent Name CORPORATION SERVICE COMPANY Agent Address 10 Ferry Street Suite 313, Concord, NH, 03301, USA Directors / Officers CORPORATION SERVICE COMPANY, agent Elizabeth Pierce, president Elizabeth Pierce, director Registry Page Chairman's statement 2020 has been an extraordinarily difficult period for the hospitality industry, which has arguably been more affected by the repercussions of Covid-19 pandemic than almost any other sector. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Armstrong Teasdale > The Legal 500 Rankings Corporate and commercial > M&A: smaller deals, up to 50m Tier 3 Armstrong Teasdale's London corporate team had a busy 2021, advising on more than 30 M&A deals.Team head Peter Kohl, qualified in both England and the United States, has more than 30 years' transactional and advisory experience in M&A, venture capital, capital markets and corporate . Chief financial officer Niall Dolan told The Irish Times this was not a level the company was comfortable with, and intended to get leverage down to 2.5 times. Applegreen plc banking group and the Welcome Break banking group secured additional facilities of 52.5m and 25.4m respectively. Operating segments are reported in a manner consistent with internal reporting provided to the Chief Operating Decision Maker (CODM). Active Engagement. Applegreen is the number one Motorway Service Area Operator (MSA) in the Republic of Ireland and the number two Motorway Service Area Operator in the United Kingdom. No impairments were identified in 2019. Areas Annual Reports Applegreen Illustration The terms of the deal have yet to be finalised. Half-yearly report 2021. The board said it. . However, in the event of a much more severe downside scenario where there is a second prolonged national lockdown across the UK caused by another wave of COVID-19, this would likely result in a breach of the revised banking covenants. It achieved revenue growth of 53% over the last. "That scenario sees a significant impact on working capital during April and May with a levelling off in June and improving thereafter. All rights reserved. right to publish a filtered set of announcements. We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c, approximately 70m of cash and 260m of external debt within the Applegreen plc banking group; and. The growth rate used does not exceed the long-term average growth rate in the United Kingdom, the country in which both CGUs operate. The Interim Financial Information does not constitute statutory financial statements. He added, however, that "everything you say has to come with a health warning". There will be increased focus on MSA growth in these regions. The remainder of the Applegreen estate traded ahead of Management's expectations, aided by strong store sales in the local petrol filling station sites, good fuel margins and extensive cost saving measures. 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