Carlisle Airport Update

RNS Number : 1671L

Stobart Group Limited

06 January 2009

 

Stobart Group Limited 

('Stobart' or the 'Company')

Carlisle Airport Update

Further to its announcement on 4 July 2008, the Company provides the following update regarding its option to acquire Carlisle Airport and the planning permission process regarding the site.  

Following receipt of a notification from Carlisle Council dated 22 December 2008, the Company anticipates that the planning permission process regarding Carlisle airport will be resolved in the coming weeks, subject to finalisation of a planning related legal agreement. 

The Company intends to pursue the exercise of its option and completion of the transaction, which would be subject to shareholder approval, assuming that a satisfactory planning decision notice is received as soon as possible. A further announcement will be made in due course.

6 January 2009

ENQUIRIES:  

Stobart Group	Tel: [phone]
Ben Whawell, Chief Financial Officer
Julie Gaskell, Head of Communications
Cenkos Securities plc	Tel: [phone]
Stephen Keys
College Hill	Tel: [phone]
Mark Garraway
Gareth David

 

END

 

 

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