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Stobart Group Ltd - Statement in relation to press speculation

RNS Number : 1219Y
Stobart Group Limited
04 September 2020
 

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014.

 

4 September 2020

STOBART GROUP LIMITED

('Stobart Group' or 'the Company')

 

Statement in relation to press speculation

 

Stobart Group, the aviation and energy infrastructure group, notes the article in the Irish Independent today regarding Stobart Air.

Our AGM statement on 30 July 2020 stated that we had commenced early discussions with potential partners around the long-term future of Stobart Air. As part of this process, we can confirm that we are in early stage discussions with a number of parties including Falko Regional Aircraft Limited regarding the potential sale of Stobart Group's stake in Stobart Air and Propius, and there can be no certainty that any transaction will be forthcoming or whether acceptable terms will be agreed.

The person responsible for arranging the release of this announcement on behalf of Stobart Group is Louise Brace, Company Secretary.

Enquiries:

 

 

 

Stobart Group Limited 

C/o Newgate Communications

Charlie Geller, Group Communications Director

 

 

 

Newgate Communications

+44 203 757 3406

 

+44 203 757 6884

Giles Croot 

[email protected]

Ian Silvera

 

Isabelle Smurfit

 

 

 

 

 

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Quick facts: Stobart Group Ltd

Price: 19.46

Market: LSE
Market Cap: £121.61 m
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