REG - Frasers Group PLC - Disposal of Retail Parks

FrasersAnnouncement

11/08/2022 18:15

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RNS Number : 7749V  Frasers Group PLC  11 August 2022

Date: 11 August 2022

 

 

FRASERS GROUP PLC

DISPOSAL OF RETAIL PARKS

 

 

 

Frasers Group announces that it has today completed the disposal of a number
of freehold and long leasehold retail parks held by its wholly owned
subsidiaries, to RI UK 1 Limited for a headline price of £205m.

 

Frasers Group fascias will operate from leases within these properties where
appropriate. Frasers Group in the ordinary course of business purchases and
sells properties from time to time, in this instance, a significant disposal
to one counterparty has led to this Class 2 announcement.

 

The Company intends to use the proceeds of sale towards the working capital of
the Company and its group operations.

 

 

Ends

 

 

Frasers Group plc

Thomas Piper, Company Secretary                            T.
0344 245 9200

LEI:213800JEGHHEAXIJDX34                                   E.
investor.relations@frasers.group (mailto:investor.relations@frasers.group)

 

Chris Wootton, Chief Financial
                                  T. 0344 245
9200

Officer
                         E. financial@frasers.group
(mailto:financial@frasers.group)

 

Ronnie Laffar, Head of PR &
                                     T.
0344 245 9399

Communications
 
E. fgpr@frasers.group (mailto:fgpr@frasers.group)

 

Rosie Oddy, Brunswick
Group,                                  T.
020 7404 5959

PR Advisors
                    E.frasersgroup@brunswickgroup.com
(mailto:frasersgroup@brunswickgroup.com)

 

Numis

 

Luke
Bordewich
T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

 

John
Fishley
T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

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