REG - Rank Group PLC - Completion of Belgium casino disposal

RankAnnouncement

01/04/2021 13:55

RNS Number : 3587U
  
Rank Group PLC
  
01 April 2021
  
 

LEI: 213800TXKD6XZWOFTE12
1 April 2021
The Rank Group Plc ('Rank' or the 'Group')
Completion of Belgium casino disposal
Rank confirms that it has now completed the sale of its Blankenberge casino and associated digital licence to Kindred Group plc.
Total consideration for the sale was £25 million on a cash free / debt free basis and has been satisfied in cash.  The sale proceeds will support the Group's liquidity and future initiatives derived from its Transformation 2.0 programme.
 
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Contacts:
Rank
Sarah Powell - investor relations
David Williams - public affairs
 


 
 
Tel: +44 1628 504 303
Tel: +44 1628 504 295




Media Enquiries:
FTI Consulting LLP (PR adviser to Rank)
Edward Bridges                
Alex Beagley


 
 
Tel: +44 20 3727 1067
Tel: +44 20 3727 1045



 
 
               
                               
 
                                               
                                                               

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