Halogen manages 134th AGM for Hawtin plc
Halogen managed the 2007 Annual General Meeting for AIM-listed, Wales-based property investment company Hawtin plc recently
Held in the Celtic Manor Resort in Newport, the AGM is the first that Halogen has organised for Hawtin. It was considered a great success with the company posting its best set of figures since it restructured in 2002
Convening shareholders voted to make Bob Carlton Porter, formerly a non-executive director, Chairman of the board. He succeeds Len Dovey, chairman for 20 years, as Dovey was honoured with the position of Life President
Since the half-year end, Hawtin’s net assets have grown by 23% to an overall market capital of £14.6 million. The portfolio has a current annual rental stream of £2.7 million and, most significantly, property turnover has increased by 57% for the 2006 financial year.
It’s good news for the 8,000 Hawtin shareholders as earnings per ordinary share have risen from 0.01p to 0.88p since June 2006
Halogen has been working with Hawtin since September 2006, during which time the company has witnessed a remarkable transition. It made the first significant acquisition in October 2006 of the Millennium Plaza, Cardiff. Since then, Hawtin has acquired seven further sites - mainly industrial. Gross assets have risen from £2 million in June 2006 to the current £14.6 million
As well as managing a corporate media relations campaign for Hawtin, Halogen has overseen the re-branding of the company’s annual report and the re-construction of the website