NZX ANNOUNCEMENT 5.6.18 DIRECTOR NOMINATION PERIOD June 5th, 2018 The Annual Meeting of shareholders of Smiths City Group Limited will be held at the Commodore Airport Hotel, 449 Memorial Avenue, Burnside, Christchurch in the Head of the Avon Function Lounge; commencing at 10.30am on Wednesday 5th September 2018. Smiths City advises that the closing date for Director nominations is Friday 6th July 2018. All… read more
NZX ANNOUNCEMENT 11.05.18 Smiths City notes Employment Court decision May 11th, 2018 NZX and Media Release 11 May 2018 Smiths City notes Employment Court decision National furniture and appliance retailer Smiths City notes this week’s Employment Court Decision, which determined the company’s morning staff meetings were work as defined by section 6 of the Minimum Wage Act 1993. The meetings, which were held in every Smiths City… read more
NZX ANNOUNCEMENT 17.04.18 Smiths City Trading Update April 16th, 2018 National furniture and appliance retailer Smiths City today reports tough trading conditions coupled with the impairment of leases on several persistently underperforming stores will result in the company posting a loss for the year to 30 April 2018. Smiths City now expects revenue for the year to range between $209.0 million and $213.0 million compared… read more
NZX ANNOUNCEMENT 28.03.18 Smiths City Names Alastair Kerr As Chair March 27th, 2018 National furniture and appliance retailer Smiths City today names Independent Director Alastair Kerr as its new Chair. He will replace Craig Boyce, who will step aside from the role and retire from the board at the end of May. It also announces the resignation of Independent Director Gary Rohloff who is resigning at the end… read more
NZX ANNOUNCEMENT 16.01.18 – SMITHS CITY ANNOUNCES SHARE BUYBACK FACILITY January 15th, 2018 National furniture and appliance retailer Smiths City today announces it has put in place a share buyback facility as part of its ongoing commitment to ensure shareholders benefit from the group’s underlying performance improvements. The new facility gives Smiths City the option to buy back up to 5% of its shares over the coming 12… read more
NZX ANNOUNCEMENT 21.12.17 FINANCIAL RESULTS FOR THE SIX MONTHS TO 31 OCTOBER 2017 January 4th, 2018 Smiths City now a national retailer with the launch of Auckland stores Former Furniture City stores in Wairau Park, Mount Wellington and Whangarei now trading well under the new Smiths City ‘live better’ brand livery. New directors appointed bringing a depth of retail and online experience to the board Key points: Half-year revenue falls… read more
NZX ANNOUNCEMENT 07.12.17- SMITHS CITY LAUNCHING IN AUCKLAND WITH TWO NEW STORES December 8th, 2017 Stores on the North Shore and in Mount Wellington to officially open with a commitment to help Smiths City’s customers and the communities in which the company operates ‘live better’. Smiths City tomorrow (Friday 8 December 2017) officially opens two new stores in Auckland, underscoring its confidence that a trusted national furniture and appliance retailer… read more
NZX ANNOUNCEMENT 25.10.17- SMITHS CITY DEFERS $5.7M CAPITAL DISTRIBUTION AMID TOUGH TRADING October 25th, 2017 ‘Live better’ store revitalisation programme delivering results, but adverse trading conditions and consumer uncertainty continue in the second quarter. National appliance and furniture retailer Smiths City Group today announces it has deferred its planned $5.7 million distribution of capital following a continuation of tough trading conditions. In the face of the trading conditions, sharp competition,… read more
RETURN OF CAPITAL UPDATE – 9.08.17 August 10th, 2017 Smiths City Group Limited (Company) announced on 2 June 2017 that the Company planned to proceed with a Court approved process for a return of capital in accordance with Part 15 of the Companies Act 1993 (Return of Capital). On 3 August 2017 the Company announced their annual meeting of shareholders and released a summary… read more
Annual Meeting of Shareholders – Notice of Meeting 21.08.17 August 1st, 2017 The Annual Meeting of Shareholders of Smiths City Group Limited will be held in the Commodore Airport Hotel, 449 Memorial Avenue, Burnside Christchurch (Head of the Avon Function Lounge) at 10.30am on Monday 21 August 2017. THE BUSINESS OF THE MEETING ORDINARY BUSINESS 1. Annual Report – To receive the Annual Report for the year… read more