Ashley House PLC Trading Update (5179H)
01 August 2019 - 4:02PM
UK Regulatory
TIDMASH
RNS Number : 5179H
Ashley House PLC
01 August 2019
Ashley House plc
("Ashley House" or the "Company")
Trading Update
Further to the Trading Update of 5(th) July, the Company advises
that due to reasons outside of the control of the Morgan Ashley
joint venture, the three extra care schemes mentioned in that
update have still not reached financial close. The schemes are
still expected to close over the course of the next couple of
months and the Morgan Ashley team is working hard to achieve
this.
As a result, inflows to Ashley House are delayed and the Company
is managing its cash carefully. The Board is currently exploring a
number of sources of further funding to best manage this. The
Company will continue to update the market as appropriate.
Enquiries:
Ashley House plc 01628 600 340
Antony Walters
Jonathan Holmes
James Hathaway
WH Ireland Ltd 0207 220 1666
(Nominated Adviser and broker to Ashley House plc)
Adrian Hadden
James Sinclair-Ford
Matthew Chan
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contact rns@lseg.com or visit www.rns.com.
END
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August 01, 2019 02:02 ET (06:02 GMT)
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