FBH Fbd Holdings Plc

 

TIDMFBH 
 
RNS Number : 2036T 
FBD Holdings PLC 
02 June 2009 
 

FBD Holdings PLC 
2 June 2009 
 
 
La Cala, Tranche II Update 
 
 
In its Interim Management Statement on 29 April 2009, FBD Holdings plc ('FBD' or 
the 'Group') announced that the deadline for receiving the planning permission 
on the Tranche II lands at La Cala under the sale agreement was approaching and 
that the Group depended on the relevant local authorities to complete the 
process within the required timeframe. 
 
 
While the Group has always vigorously pursued the planning permission, the speed 
of the planning process was outside of the Group's direct control.  It has now 
become clear that the relevant local authorities will not be in a position to 
complete the process before 21 June, the deadline stipulated. 
 
 
Under the terms of the sale agreement the purchaser is obliged to transfer legal 
title to the Tranche II land to the Group within 15 working days of 21 June 
2009. 
 
 
The foregoing will have no impact on the Group's earnings or net assets. 
 
 
 
 
For Reference:Telephone 
FBD 
Andrew Langford, Group Chief Executive+ 353 1 409 3208 
Cathal O'Caoimh, Group Finance Director+ 353 1 409 3208 
 
 
Murray Consultants 
Joe Murray+ 353 1 4980 300 
Elizabeth Headon    + 353 87 989 7234 
 
 
 
 
ENDS 
 
 
 
 
 
 
FBD Holdings plc, FBD House, Bluebell, Dublin 12, Ireland. 
Registered in Dublin, Ireland. Registered Number 135882. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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