TIDMDKE

RNS Number : 3871E

Dukemount Capital PLC

09 February 2018

9 February 2018

Dukemount Capital Plc

("Dukemount" or the "Company")

Update on Proposed Second Acquisition

Dukemount Capital plc, the property management and long dated income provider announced in October that due diligence on the second acquisition in North West England had been completed and that a four-month option to buy had been signed while it concluded discussions with housing associations.

The board are in advanced talks with one housing association and to facilitate the conclusion of these talks in an efficient manner we have been granted an extension of the option by the vendor for a further two-month period.

Dukemount Executive Chairman Geoffrey Dart said, "While we anticipate that these talks with the housing association will be concluded soon, the end of the original option is approaching. We felt it prudent to get an extension to the option-to-buy agreement with the vendor while we work out a deal which works for Dukemount and the housing association. The next stage in the process is to present to the housing association, the plans for the refurbishment of the building in order to reach an agreement on the specific requirements for their tenants.

Market Abuse Regulation (MAR) disclosure

Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
  Dukemount Capital      Tel: +44 (0) 7874 
   Plc                    762 821 
 Timothy Le Druillenec 
 
 Walbrook PR             Tel: +44 (0) 207 
  (Media and Investor     933 8780 
  Enquiries 
 Paul Cornelius          dukemountcapital@walbrookpr.com 
  / Gary Middleton 
 
 Optiva Securities       Tel: +44 (0) 203 
  Ltd                     137 1906 
 Christian Dennis 
  - Corporate 
  Broker 
 Jeremy King 
  - Corporate 
  Broker 
 
 Peterhouse Corporate    Tel: +44 (0) 207 
  Finance Limited         469 0930 
 Lucy Williams/Duncan 
  Vasey

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 09, 2018 02:00 ET (07:00 GMT)

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