Manchester Airport Grp Funding PLC Disposal

TIDM38LZ

Manchester Airport Grp Funding PLC

05 December 2017

Issuer: Manchester Airport Group Funding PLC

Date: 5th December 2017

Manchester Airport Group Funding PLC

Company No. 8826541

Disposal of Bournemouth International Airport

The Issuer's parent, Manchester Airport Group Investments Limited ("MAGIL") has entered into an agreement to sell its entire shareholdings in Bournemouth International Airport Limited ("BIAL)"and its subsidiaries to Regional and City Airports Holdings Limited, a subsidiary of Rigby Group plc.

As at 31 March 2017, BIAL and its subsidiaries had total annual passenger volumes of c.0.7m, representing less than 2% of total passenger volumes across the MAG Group. Charlie Cornish, Chief Executive of MAG, said: "We wish the new owners every success and are confident that the airport will continue to flourish as we focus on improving Manchester, London Stansted and East Midlands airports."

Ends

Enquiries:

   Investor Relations                                               investor.relations@magairports.com 
   MAG Press Office                                                pressoffice@magairports.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 05, 2017 03:34 ET (08:34 GMT)

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