REG - Stobart Group Ltd - Press speculation

EskenAnnouncement

17/03/2020 07:00

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RNS Number : 4193G  Stobart Group Limited  17 March 2020

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

17 March 2020

 

STOBART GROUP LIMITED

('Stobart Group' or 'the Company')

 

Press speculation

 

Stobart Group, the aviation, energy and civil engineering group, notes the
recent press speculation regarding a potential sale of 25% of London Southend
Airport.

 

The Group confirms that it has been in detailed discussions for several months
regarding an initial minority investment from a potential strategic airport
development partner that has indicated a headline value for London Southend
Airport of between £700-800m. No acceptable terms have been agreed and
discussions have since been put on hold while both parties navigate the
current COVID-19 outbreak.

The person responsible for arranging the release of this announcement on
behalf of Stobart Group is Louise Brace, Company Secretary.

 

Enquiries:

 

Stobart Group
Limited                                                  C/o
Newgate Communications

Charlie Geller, Communications Director

 

Newgate
Communications                                           +44
203 757 6880

Giles
Croot                                                                      stobart@newgatecomms.com
(mailto:stobart@newgatecomms.com)

Ian Silvera

 

 

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