Corporate
- Information on Southern Cross
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Southern Cross (or 'the Company') is, in terms of number of beds, the largest UK provider of care home services for the elderly and a major provider of specialist services for people with physical and/or learning disabilities. The Company's care homes for the elderly operate under two distinct brands: Southern Cross Healthcare and Ashbourne Senior Living. Both brands provide a range of social and personal care services and nursing care services for elderly people with physical frailties and differing forms of dementia. The Company's specialist services operate under the Active Care Partnerships brand and provide long-term care services for people with physical and/or learning disabilities and for younger people with complex forms of challenging behaviour. As at 14 May 2007, the Company had a total of 652 homes and 33,031 available beds.
Southern Cross has been the leading consolidator in the industry in recent years and the Company now has a presence across the UK, with a 6% share of the total market by beds. The annual cost of providing residential care for the elderly and physically disabled people in the United Kingdom was estimated in 2005 to be £11.7 billion . The Company provides care services for most of the local authorities in the UK which, together with the NHS, represent over 70% of the Company's revenues. Its care home portfolio is largely purpose-built with a high percentage of single occupancy rooms and rooms with ensuite bathrooms. Occupancy levels in its core elderly segment are consistently in excess of 90%.
Southern Cross is focused on providing high quality care in well invested facilities, seeking to be the home of choice in each local community in which it operates. The Company believes it is well placed to continue growing. With its size and financial strength as the leading care home operator in the UK, it has efficient access to capital from its lenders and landlords and is thus able to grow its portfolio with limited investment from shareholders.
The Company intends to create further value for shareholders through:
- increasing the earnings of its existing portfolio;
- growing its elderly care operations through developments and acquisitions; and
- growing the Group's specialist care business.
- In what regions does Southern Cross operate?
- Southern Cross operates in the United Kingdom and provides care services for over 400 local authorities.
- How many employees does Southern Cross have?
- As of 1 October 2006, the Group employed approximately 33,000 full and part time employees (the equivalent of 23,400 full-time employees).
Shareholders
- How many shares are in issue?
- The number of shares in issue at admission is 188,067,377
- Who are the majority shareholders?
- Please refer to the major shareholders page of our investor website for details. In addition directors and certain senior employees will have a combined holding of approximately 4 per cent.
- Who were the Company's sponsors to the IPO?
- Morgan Stanley & Co. International Limited and UBS Limited.
- On what exchanges are the Southern Cross shares traded? What are the tickers?
- Southern Cross Healthcare Group PLC is traded on the London Stock Exchange's main market for listed securities under the ticker SCHE.
- When did shares in Southern Cross start trading?
- Conditional dealings of Southern Cross shares commenced on the London Stock Exchange at 08:00, 7 July 2006 under the ticker symbol SCHE.
- What are the Southern Cross ISIN and SEDOL numbers?
- The Company's ISIN number is GB00B14RYC39 and SEDOL number is B14RYC3.
- How can I get updated quotes for the Company's share price?
- Does Southern Cross pay a dividend on its shares?
- Following the first part year dividend of 1.1p per share (being a pro-rata payment for the 82 days the Company was listed prior to the financial year end), £2.1m in total, paid on 9 February 2007, the Board has declared an interim dividend of 2.5p per share, £4.7m in total, to be paid on 22 June 2007, to those Shareholders on the register of members at close of business on 25 May 2007.
- I have questions about my shareholding - who do I contact?
- For information about the ordinary shareholdings and changes to personal details all shareholders should contact Capita Registrars.
- How do I obtain information about the number of shares I own?
- To view information about your shareholdings on the Internet, register at www.capitaregistrars.com, the Capita Registrars enquiry and portfolio management service for shareholders.
- I am a potential investor. How do I get a Southern Cross investor package?
- You may request information by contacting our investor relations advisors, Financial Dynamics:
Claire Rowell, Financial Dynamics
Holborn Gate, 26 Southampton Buildings, London WC2A 1PB.
Tel: +44 (0)20 7831 3113
Fax: +44 (0)20 242 8695
E-mail: claire.rowell@fd.com
- How do I get a copy of the Annual Report?
- How do I contact Southern Cross investor relations?
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Financial Dynamics are our appointed investor relations advisors and their contact details follow:
David Yates/Deborah Scott, Financial Dynamics
Holborn Gate, 26 Southampton Buildings, London WC2A 1PB.
Tel: +44 (0)20 7831 3113
Fax: +44 (0)20 242 8695
- What is your registrar's address?
- I have lost my share certificate. What do I do?
- How do I transfer my holdings or consolidate them under one certificate?
Financial Calendar & Financial Information
- What are the next important dates in the Southern Cross financial calendar?
- When is the next Annual General Meeting?
- Where can I find historical Southern Cross financial statements?
- The audited consolidated accounts for the Group for the financial year ended 27 March 2004, the 18 months ended 2 October 2005 and the year ended 1 October 2006 are available from the Registrar of Companies.
The 2006 financial statements are also available to view or download via the Company Reports page.
- When is Southern Cross's year end?
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