Leeds Group PLC Further re Disposal of subsidiary
31 Gennaio 2024 - 5:04PM
RNS Regulatory News
RNS Number : 5814B
Leeds Group PLC
31 January 2024
31 January 2024
Leeds Group
plc
("Leeds" or the
"Company")
Further re Disposal of
subsidiary
The Board of Leeds Group plc
('Board') announces that, further to the announcement on 9 January
2024, the Proposed
Sale of Hemmers is ongoing and has not yet formally
completed.
As announced on 9 January 2024, the
Leeds shareholders voted in favour of the Proposed Sale and on 22
January 2024, the Company received confirmation that the German
Cartel Office has cleared the transaction to proceed. Leeds are now
waiting for the purchaser to complete the refinancing of the
existing Hemmers loans in order for the Proposed Sale to be
completed. This is expected by the end of February
2024.
The Company remains optimistic that
the Proposed Sale will complete shortly
and a further announcement will be made in
due course.
Capitalised terms used in this
Announcement shall, unless otherwise defined, have the same meaning
as set out in the announcement on 15 December 2023.
This announcement contains inside
information for the purposes of UK Market Abuse Regulation and has
been arranged for release by Jan G Holmstrom, Chairman.
Enquiries:
Leeds Group plc
Dawn Henderson
|
Tel: 01937 547877
|
Cairn Financial Advisers
LLP
Nominated Adviser
Sandy Jamieson / Liam Murray / James
Western
|
Tel: 020 7213 0880
|
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END
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