ARGAN is now part of the SBF 120 index
07 September 2023 - 7:45PM
ARGAN is now part of the SBF 120 index
Press release –
Neuilly-Sur-Seine, Thursday,
September 7,
2023 –
19:45
ARGAN reached a
new milestone in terms
of stock market performance and announced
today its integration
into the
SBF 120 index
Today, ARGAN
announced its
integration into
the SBF 120
index, which
includes the 120
top French companies in
terms of
liquidity and
market
capitalisation.
After joining the EPRA index in March, ARGAN
just reached a new milestone in terms of stock market performance
as it is now integrating one of the flagship indices of the French
stock market.
This reflects both the increasing liquidity of
the ARGAN share, with around 3.2 million shares exchanged on
Euronext from September 2022 to August 2023 – i.e., close to one
third of the Group’s free float – as well as a significant market
capitalization, which stood above 1.7 billion Euros at the end of
August 2023.
More generally, since it was first listed on the
stock exchange market in 2007, the increased value of ARGAN’s
shares (multiplied by close to 5 since June 25, 2007) combined with
an attractive dividend, has secured benchmark shareholder return
with a theoretical total yearly return1, with reinvested dividend,
of above +15%.
Today’s Euronext decision will be effective
starting Friday, September 15, 2023, after the French stock market
is closed.
Jean-Claude Le Lan,
Founder and Chairman of the Supervisory Board of
ARGAN: “ARGAN’s inclusion to the SBF 120 index rewards a
solid stock market performance since the initial public offering in
2007. This translates the trust that our shareholders put in our
family-led and property-focused model that has demonstrated its
relevance and strengths.Founded in 2000, ARGAN has indeed rapidly
become the leading player of the French real estate logistics
market, with, as of today, a portfolio of about a hundred PREMIUM
warehouses, across the continental French territory, which are
together worth 3.6 billion Euros with an annual rental income
of over 180 million Euros in 2023. Building on
unique quality assets and the unwavering commitment of our teams,
ARGAN is determined to pursue its sustained and well-mastered
development to best serve its customers, all while ensuring
attractive and steady shareholder return.”
Financial calendar 2023 (Publication of the
press release after closing of the stock exchange)
- October 2: 2023 3rd quarter sales
Financial calendar 2024
- January 3: 2023 Annual Sales
- January 18: 2023 Annual Results
- March 21: Annual General Meeting
About ARGAN
ARGAN is the only French real estate company
specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT and is the leading player of its market in
France. Building on a unique customer-centric approach – which
consists in tailor-made and innovative support throughout all
project phases from the development milestones to the rental
management – ARGAN has grown strongly since it first started in
2000. The company is thus now generating more than 180 million
Euros in yearly rental income in 2023. Moreover, as of now, our
portfolio consists in spaces of 3.5 million sq.m, across about a
hundred warehouses all located in France, which are worth 3.6
billion Euros. ARGAN’s development model takes into account all its
stakeholders and aims at pursuing a growth path that is profitable,
with a debt kept under control, while ensuring to fully minimise
its environmental and societal impact.ARGAN is a listed real estate
investment company (French SIIC), on Compartment A of Euronext
Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF
120, CAC All-Share, EPRA Europe and IEIF SIIC France
indices.www.argan.fr
Francis
Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid
– Investor RelationsPhone: +33 1 47 47 47 40 E-mail:
contact@argan.frwww.argan.fr |
Marlene Brisset – Media relationsPhone: +33 6 59 42 29
35E-mail: argan@citigatedewerogerson.com |
|
|
1 Theoretical annualized shareholder return as
at August 31, 2023, based on a reinvestment of dividends in ARGAN
shares taking into account the share value at the day of the
dividend payment, starting from the initial public offer that took
place on June 25, 2007.
- 20230907 - ARGAN is now part of the SBF 120 index
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