Sutton Harbour Group PLC Press Statement on Plymouth City Airport
26 January 2024 - 2:50AM
RNS Regulatory News
RNS Number : 9603A
Sutton Harbour Group PLC
25 January 2024
25 January
2024
Sutton
Harbour Group plc
("Sutton
Harbour" or the "Company")
Re Press Statement on
Plymouth City Airport
The Company notes the press
statement issued on 24 January 2024 by Plymouth City Council
("PCC"). The Company confirms that it received a letter from PCC on
19 January 2024 alleging breach of lease covenants in relation to
Plymouth City Airport.
Plymouth City Airport Limited, a
wholly owned subsidiary of Sutton Harbour Group plc, owns the long
leasehold interest in the former airport site. In March 2019,
the Government Inspectors agreed to a five year safeguard of the
airport site from non-airport uses as part of the approved Joint
Local Plan. The Company has been actively engaged in various
consultations and preparations in anticipation of the imminent end
of the safeguarding.
The Company is considering, in
conjunction with its advisers, the contents of the letter from PCC
and will update the market as appropriate in due course.
For
further information, please contact:
|
Sutton Harbour Group plc
|
+44 (0) 1752 20 4186
|
Philip Beinhaker, Executive
Chairman
Corey Beinhaker, Chief Operating
Officer
Natasha Gadsdon, Finance
Director
|
|
Strand Hanson Limited
(Nominated & Financial Adviser
and Broker)
|
+44 (0) 20 7409 3494
|
James Dance
Richard
Johnson
|
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