Countrywide PLC Statement re sale of LSH

Data : 07/02/2020 @ 08:01
Fonte : UK Regulatory (RNS & others)
Titolo : Countrywide Plc (CWD)
Quotazione : 51.95  -1.75 (-3.26%) @ 10:31
Quotazione Countrywide Grafico

Countrywide PLC Statement re sale of LSH

Grafico Azioni Countrywide (LSE:CWD)
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2 Mesi : Da Feb 2020 a Apr 2020

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TIDMCWD

RNS Number : 2686C

Countrywide PLC

07 February 2020

07 February 2020

Countrywide plc (LSE: CWD)

Countrywide plc

("Countrywide", "Company")

Update regarding the sale of Lambert Smith Hampton (LSH)

On 29 November 2019, the Company announced that it had agreed to sell LSH to John Bengt Moeller with completion due subject only to the approval of Countrywide's shareholders. Shareholders approved the transaction on 27 December 2019 and the Company commenced the process for completing the transaction.

Completion of the transaction has been delayed due to John Bengt Moeller being indisposed during January and due to logistical difficulties relating to the transfer of the requisite completion monies. We have been re-assured by Mr Moeller that completion is imminent. The Company continues to work with Mr Moeller to resolve this situation urgently and is taking all necessary steps to achieve completion as soon as possible. The Company will update shareholders as appropriate in due course.

This announcement contains inside information for the purposes of Regulation 596/2014/EU. The person responsible for making this announcement on behalf of the Company is Gareth Williams, Company Secretary.

 
 Enquiries: 
 Analysts and investors 
 Himanshu Raja, Chief Financial Officer   investor@countrywide.co.uk 
 
 
 Media 
 Natalie Gunson                           press.office@countrywide.co.uk 
                                          Tel: +44 (0)7721 439043 
 
 Michael Sandler/Dan de Belder, Hudson    Tel: +44 (0)207 796 4133 
  Sandler 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

February 07, 2020 02:01 ET (07:01 GMT)

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