Further re Disposal of subsidiary

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 Dawn Henderson	Tel:  [phone]
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson / Liam Murray / James Western	Tel:  [phone]

 

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