LDSG Leeds Group Plc

TIDMLDSG

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

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

MSCURSVRRNUOOAR

(END) Dow Jones Newswires

March 31, 2020 02:00 ET (06:00 GMT)

Leeds (LSE:LDSG)
Historical Stock Chart
From Apr 2024 to May 2024

Leeds (LSE:LDSG)
Historical Stock Chart
From May 2023 to May 2024