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On August 11, 2022, Frasers Group PLC completed the disposal of a number of freehold and long leasehold retail parks to RI UK 1 Limited for a headline price of £205 million. Frasers Group fascias will operate from leases within these properties where appropriate, and the company intends to use the proceeds towards its working capital.
| Date | 11 Aug 2022 |
| Time | 18:05:03 |
| Category | Disposals |
| ID | 7749V |
Date: 11 August 2022
FRASERS GROUP PLC
DISPOSAL OF RETAIL PARKS
Frasers Group announces that it has today completed the disposal of a number of freehold and long leasehold retail parks held by its wholly owned subsidiaries, to RI UK 1 Limited for a headline price of £205m.
Frasers Group fascias will operate from leases within these properties where appropriate. Frasers Group in the ordinary course of business purchases and sells properties from time to time, in this instance, a significant disposal to one counterparty has led to this Class 2 announcement.
The Company intends to use the proceeds of sale towards the working capital of the Company and its group operations.
Ends
Frasers Group plc
Thomas Piper, Company Secretary T. 0344 245 9200
LEI:213800JEGHHEAXIJDX34 E. [email protected]
Chris Wootton, Chief Financial T. 0344 245 9200
Officer E. [email protected]
Ronnie Laffar, Head of PR & T. 0344 245 9399
Communications E. [email protected]
Rosie Oddy, Brunswick Group, T. 020 7404 5959
PR Advisors E.[email protected]
Numis
Luke Bordewich T. 020 7260 1000
Ollie Steele
Duncan Wilson
Liberum
John Fishley T. 020 3100 2000
Kane Collins
Nikhil Varghese