Newsham House, Gloucester Update
July 10 2009 - 11:46AM
UK Regulatory
TIDMAD.
RNS Number : 5171V
ADL PLC
10 July 2009
ADL Plc ("ADL" or the "Company")
Newsham House, Gloucester Update
As previously reported, a management agreement concerning Newsham House
Gloucester was entered into with Lifeline Homes Limited ("Lifeline Homes")
pending re-registration of the home by the Care Quality Commission in the name
of Lifeline Homes.
The re- registration has today been confirmed by the Quality Care Commission. As
a consequence, ADL have transferred the operating business to Lifeline Homes and
entered into a 30 year lease at a commencing rental of GBP200,000pa.
The payment of rental commences on the earlier of Newsham House achieving a
certain level of trading or 10 November 2009.
For further information please contact:
+-------------------------------------+-------------------------------------+
| ADL plc | |
+-------------------------------------+-------------------------------------+
| Jeremy Davies, Managing Director | 07860 717458 |
+-------------------------------------+-------------------------------------+
| | |
+-------------------------------------+-------------------------------------+
| Astaire Securities | |
+-------------------------------------+-------------------------------------+
| Andrew Raca | 0207 448 4400 |
+-------------------------------------+-------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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