Completion of Belgium casino disposal

RNS Announcement

RNS Number : 3587U

Rank Group PLC

01 April 2021

LEI: 213800TXKD6XZWOFTE12

1 April 2021

The Rank Group Plc ('Rank' or the 'Group')

Completion of Belgium casino disposal

Rank confirms that it has now completed the sale of its Blankenberge casino and associated digital licence to Kindred Group plc.

Total consideration for the sale was £25 million on a cash free / debt free basis and has been satisfied in cash. The sale proceeds will support the Group's liquidity and future initiatives derived from its Transformation 2.0 programme.

Ends

Contacts:

Rank

Sarah Powell - investor relations

David Williams - public affairs

Tel: +44 1628 504 303

Tel: +44 1628 504 295

Media Enquiries:

FTI Consulting LLP (PR adviser to Rank)

Edward Bridges

Alex Beagley

Tel: +44 20 3727 1067

Tel: +44 20 3727 1045

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END

DISUAVURAAUSRAR

RNS metadata

Title: Completion of Belgium casino disposal
Time: 13:55:04
Date: 1 Apr 2021
Category: Disposals
ID: 3587U