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carry out a 2D seismic survey over its 33,000 km offshore licence to the South and East of the
Falklands. In October 2004 FOGL raised £12m and its shares were admitted to AIM, capitalising the company at £32m. In December 2004 FGML raised £10m and shares admitted to AIM, FOGL was granted an exploration licence over a further 50,000 km to the South and East of the islands and FIH acquired Portsmouth Harbour Ferry Company for £7.5m.
369:
316:
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In May 2015, the last 5 million shares in
Falkland Oil & Gas ("FOGL") were sold for £1.4 million, generating a profit of £0.4 million for the Group.With the sale of these 5 million shares, FIH completed the realisation of its investment in FOGL. Over the last 10 years since FOGL's flotation, FIH
395:
In June 2005 FOGL raised £10 million through an institutional placing. FIH subscribes £2m increasing its share holding to 18.3%. In
February 2006, FIH sold 1.8m shares in (FOGL), realising £2.4m and reducing its holding back to 16.3%. In December 2006, FOGL raised an £8m convertible loan to fund its
432:
September 2016 the group changed its name to FIH Group plc to more properly reflect the balance of the group's activities which are now predominantly in Europe and the UK. Despite this change of name, the group's
Falklands business, the Falklands Islands Company ("FIC"), remains a core part of the
413:
In July 2012, FIH raised £10.0 million gross from a share issue at 320p per share. £8.0 million was subscribed by
Blackfish Capital and £2.0 million was raised from an Open Offer to the existing shareholders. The proceeds from the share issue were used to develop the group's assets in the Falkland
391:
In
February 2004 Falkland Gold and Minerals Limited (FGML) was established with financing to carry out an aero magnetic survey of the Falklands to exploit its exploration licence covering the whole of the Island. In June 2004 Falkland Oil and Gas Limited (FOGL) was established with financing to
440:
requested information about the company in order to make its own takeover bid. In response
Staunton reduced the requirement of 90% of the share capital to be purchased from the offer to 50%. The announcement of a potential takeover by an Argentinian group gained press coverage due to the highly
414:
Islands in anticipation of the economic growth that the board believed would follow. In July 2012, FIH sold 1.2 million shares in FOGL for £1.01 million (86 pence per share), generating a profit of £0.77 million and reducing its holding to 12.8 million shares (4.0%).
376:
In 1997, Anglo United, which had an unsustainable amount of debt, underwent a capital reconstruction and distributed shares in
Falkland Islands Holdings plc to its shareholders. Anglo United shareholders received 1 share in FIH for every 300 shares of AU.
405:
In
November 2009 FIH sold 3 million shares in FOGL after the placing earlier in the month generating proceeds of £3.6 million and a profit of £3.0 million at a price of 119 pence per share. This reduced FIH's holding to 12.0 million shares (8.2%).
460:
since 13 January 2003. In July 2010, FIH's market value was around £36m. It made a pretax profit of £5.669m in the year ended 31 March 2010 on revenue of £29.224m. £3.3m came from the sale of shares in
Falkland Oil and Gas in November 2009.
409:
In January 2012 FIH participated in the placing of new shares by FOGL by subscribing for 2 million new shares at a cost of £0.86 million (43 pence per share). FIH's holding in FOGL shares was increased to 14 million shares (4.4%).
441:
political nature of the islands. In April, Staunton Holdings' offer failed to gain enough shares, resulting in a withdrawal of the takeover and sale of Blackfish's (a Staunton affiliated company) 20% shareholding in the company.
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In January 2007 FIH sold 100% of its holding in FGML for 6p per share to RAB Capital and in October 2007 FOGL announced a farm-in deal with BHP Billiton to fund drilling programme in South Atlantic.
424:
In January 2016 the company had a capital reorganisation involving a share consolidation (1,000 to 1) and split (1 to 1,000) decreasing the number of shareholders from 2,139 to 510.
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In March 2015 FIH sold 7.825 million shares in FOGL for £1.6 million (29 pence per share), generating a profit of £0.7 million and reducing its holding to 5.0 million shares (0.9%).
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In February 2017 Staunton Holdings made a takeover offer of £3 per share with a total value of £37.3 Million. In March, Dolphin fund owned by billionaire
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In November 2021 the Board announced that John Foster would step down from his position as CEO after 17 years and be succeeded by Stuart Munro.
536:
384:, with £2m of debt the issue price of 100p. The company was capitalised at £6 million. In January 2003 FIH share listing moved to the
166:
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In March 2008 FIH acquired 100% of Momart, a UK market leader in the handling and storage of fine art and antiquities, for £10.27m.
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has generated over £8 million in cash proceeds and £5 million in profits from its highly successful investment in FOGL
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843:"Staunton Extends FIH Offer, Lowers Threshold To Fend Off Rival Bid (ALLISS) – Finance News – London South East"
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811:"FIH Group Agrees to GBP37.3 Million Takeover by Staunton Holdings | Financial News"
289:. Its other main businesses are the Portsmouth Harbour Ferry Company, which operates the
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in the south of England, and a London-based art storage and transport company called
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936:
879:"Falklands' Law compliance needed for any Islands' major assets change of ownership"
80:
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825:"BRIEF-FIH Group says received letter from Dolphin Fund requesting information"
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223:
178:
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798:
981:"Falkland Islands sells stake in Falkland Gold Minerals to RAB for 6pshare"
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Falkland Islands Company's historical building in Stanley, Falkland Islands
340: in this section. Unsourced material may be challenged and removed.
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294:
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775:"FALK IS. HLDGS Share News – FKL Stock News – Interactive Investor"
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894:"Argentine property tycoon bids for Falklands' biggest landowner"
912:"FALKLAND ISLANDS HOLDINGS PLC ORD 10P – London Stock Exchange"
309:
146:
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Falkland Island Shipping Limited (Trading as Darwin Shipping)
708:"Anglo United to reform itself as Falkland Islands Holdings"
253:
27:
British conglomerate, owns the Falkland Islands Company
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Companies listed on the Alternative Investment Market
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South Atlantic Construction Company Limited (SAtCO)
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281:) is a British conglomerate which operates in the
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728:"Ferry in takeover battle – Portsmouth News"
380:in January 1998 FIH was first listed on the
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865:"Argentinian billionaire in Falklands bid"
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38:
31:
799:http://fihplc.com/download/FICircular.pdf
356:Learn how and when to remove this message
1031:Service companies of the United Kingdom
746:"2008 Company Mergers and Acquisitions"
699:
552:Portsmouth Harbour Waterbus Company Ltd
957:. Growthcomapny.co.uk. Archived from
508:Falkland Islands Trading Company Ltd
50:Falkland Island Holdings (1997–2016)
7:
537:Portsmouth Harbour Ferry Company Ltd
338:adding citations to reliable sources
644:Falkland Gold and Minerals Limited
306:1997–2016: Falkland Island Holdings
892:Mander, Benedict (17 March 2017).
448:Financial information and holdings
25:
314:
1026:Economy of the Falkland Islands
688:Economy of the Falkland Islands
587:Art storage and transportation
546:Clarence Marine Engineering Ltd
396:ongoing exploration programme.
325:needs additional citations for
452:FIH shares have traded on the
1:
761:"Spotty sails into Falklands"
620:Past holdings and investments
454:Alternative Investment Market
955:"Fine art move by Falkland"
549:Portsea harbour company Ltd
208:£36.69 Million (2015)
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716:. London. 22 October 2011.
196:£57.67 Million (2015)
160:£38.56 Million (2015)
1006:Falkland Islands Holdings
279:Falkland Islands Holdings
184:£3.14 Million (2015)
172:£3.93 Million (2015)
37:
18:Falkland Islands Holdings
1011:Falkland Islands Company
666:Oil and Gas Exploration
490:Falkland Islands Company
287:Falkland Islands Company
232:Falkland Islands Company
633:Ownership % (Peak)
610:June 2012 (co-founder)
528:1997 (From foundation)
500:1997 (From foundation)
428:2016–present: FIH Group
129:UK and Falkland Islands
373:
63:Public limited company
382:London Stock Exchange
371:
961:on 24 September 2015
941:11 July 2011 at the
779:Interactive Investor
662:Falkland Oil and Gas
557:Passenger transport
334:improve this article
636:Date of Acquisition
214:Number of employees
34:
918:on 4 December 2009
647:Metal Exploration
574:International PLC
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853:on 20 March 2017.
734:on 13 March 2016.
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639:Date of disposal
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542:Gosport Ferry Ltd
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16:(Redirected from
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478:Ownership %
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269:(stylized as
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987:25 September
985:. Retrieved
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963:. Retrieved
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782:. Retrieved
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494:Diversified
465:Subsidiaries
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332:Please help
327:verification
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285:through the
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224:Subsidiaries
203:Total equity
191:Total assets
113:Headquarters
91:Conglomerate
59:Company type
29:
983:. lse.co.uk
577:Momart Ltd
484:Price paid
125:Area served
1020:Categories
694:References
386:AIM market
277:(formerly
218:357 (2015)
179:Net income
135:Key people
900:. London.
847:lse.co.uk
675:May 2015
522:Shipping
456:(AIM) in
271:FIH group
119:, England
71:Traded as
939:Archived
682:See also
613:£50,000
87:Industry
47:Formerly
922:27 July
829:Reuters
627:Company
472:Company
433:Group.
301:History
256:.fihplc
249:Website
157:Revenue
103: (
98:Founded
669:18.3%
650:14.4%
630:Sector
580:Dadart
572:Momart
475:Sector
458:London
295:Momart
236:Momart
54:(1997)
590:100%
560:100%
525:100%
497:100%
273:) or
989:2015
967:2015
924:2010
786:2015
607:50%
531:N/A
503:N/A
258:.com
105:1997
101:1997
336:by
275:FIH
254:www
147:CEO
81:FIH
77:AIM
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