Ashley (Laura) Hldgs PLC Sale of Laura Ashley Hotel, The Manor (8628K)
19 December 2018 - 2:00AM
UK Regulatory
TIDMALY
RNS Number : 8628K
Ashley (Laura) Hldgs PLC
18 December 2018
18 December 2018
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Laura Ashley Holdings plc (the "Company" or "Laura Ashley")
Sale of Laura Ashley Hotel, The Manor
The Board wishes to announce today the sale of Laura Ashley
Hotel, The Manor in Elstree (the "The Manor") to Elstree Mill
Limited for a cash consideration of GBP6 million. Contracts are
exchanged and completion will be on 31 January 2019.
The Manor was acquired by the Company in 2011 for a
consideration of GBP5.8 million.
Laura Ashley will continue to expand, both domestically and
internationally, into the hospitality business under license and
franchise. Currently, it has four Laura Ashley licensed Tea Rooms
and one Laura Ashley licensed hotel, The Belsfield in
Windermere.
The sale proceeds will be used for general working capital
purposes.
Enquiries:
KC Ng / Seán Anglim Laura Ashley 020 7880 5100
Anita Scott / Helen Smith Brunswick 020 7404 5959
Rick Thompson / Catherine Leftley Cantor Fitzgerald Europe 020 7894 7000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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