Countrywide PLC Statement re sale of LSH (2686C)
07 Febbraio 2020 - 08:01AM
UK Regulatory
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
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END
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