REG - Leeds Group PLC - Further re Disposal of subsidiary

LeedsAnnouncement

31/01/2024 16:15

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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                                Tel:  01937 547877

 Dawn Henderson
 Cairn Financial Advisers LLP                   Tel:  020 7213 0880

 Nominated Adviser

 Sandy Jamieson / Liam Murray / James Western

 

 

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