John Lewis Of Hungerford PLC Change of Name (8373O)
August 12 2014 - 2:00AM
UK Regulatory
TIDMJLH
RNS Number : 8373O
John Lewis Of Hungerford PLC
12 August 2014
John Lewis of Hungerford plc
Proposed change of name
John Lewis of Hungerford plc ('the Company') announces that it
is proposing to change its corporate name.
The launch of the Company's Artisan Installation business in
2009 has been an important driver of growth in recent years. In
addition to creating an important revenue stream it enables more
effective management of the installation process thereby further
enhancing the customer experience.
As part of its strategic planning exercise the Board has
identified an opportunity to significantly develop this activity
through offering an outsourced installation service in partnership
with third party retailers, service providers and the consumer
directly. Based on discussions with such partners the Board
perceive an opportunity to grow this activity significantly without
damaging the core John Lewis of Hungerford retail offering.
Currently the manufacture, retail and installation activities of
the Company are undertaken within a single company structure. The
Board recognise that the John Lewis of Hungerford brand is
synonymous with its manufacture and retail operations and therefore
to assist in the effective external marketing of both businesses it
intends to undertake these through newly incorporated and wholly
owned subsidiaries to be called John Lewis of Hungerford Limited
and Artisan Installation Company Limited respectively. In order to
facilitate this it is proposed that the name John Lewis of
Hungerford plc is changed to Grove (Oxfordshire) plc, reflecting
the location of the Company's head office.
The change in name is subject to approval by shareholders. A
notice convening a General Meeting of the Company's shareholders
for 4pm on Wednesday 3(rd) September 2014 has today been sent to
shareholders and will be available on the Company's website
www.john-lewis.co.uk.
Enquiries:
John Lewis of Hungerford plc
Malcolm Hepworth Chairman 01235 774300
Smith & Williamson Corporate Finance Limited
Martyn Fraser 0117 376 2213
This information is provided by RNS
The company news service from the London Stock Exchange
END
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