Trading Update and Change of Registered Office

RNS Number : 1154I

Leeds Group PLC

31 March 2020

 

Leeds Group plc

("Leeds Group" or the "the Group")

Trading update - Impact of the coronavirus, and

Change of Registered Office

Leeds Group provides a trading update in light of the current global situation with regard to COVID-19.  Our priority remains the health and safety of our employees, clients and consumers.

Leeds Group's activities in Germany, Hemmers/Itex Textil Import Export GmbH ("Hemmers") and Stoff-Ideen-KMR GmbH ("KMR") have been severely affected by the country wide lockdown imposed by the German government.

The wholesale business of Hemmers has been considerably restricted and all retail shops in KMR have been closed until further notice.  As a result, the trading results for the 3-month period from March to May 2020 will be affected.

Whilst the directors are taking mitigating actions which includes support from government schemes, the benefit in the current financial year will be limited given the proximity to our May year end. Therefore, in addition to the reduced trading announced in our Interim Statement issued on 3 February 2020, the Board expects to report a substantial loss for the financial year to 31 May 2020.

Change of Registered Office

Leeds Group also announces that it has changed its registered office to Craven House, 14-18 York Road, Wetherby, Leeds, LS22 6SL with immediate effect.

Jan G Holmstrom

Chairman

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR) and has been arranged for release by Jan G Holmstrom, Chairman.

Enquiries:

Leeds Group plc     Cairn Financial Advisers LLP

Dawn Henderson - 07747 777055                  Liam Murray - 020 7213 0880

                                                                                     Tony Rawlinson

 

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