Sale of Liberty flagship freehold update
March 30 2010 - 2:00AM
UK Regulatory
TIDMMWB TIDMLBE
RNS Number : 3793J
MWB Group Holdings PLC
30 March 2010
FOR IMMEDIATE RELEASE
30 March 2010
MWB Group Holdings Plc ("MWB" or the "Company"):
Sale of Freehold of Liberty Flagship Store for GBP41.5 million
On 15 March 2010 MWB announced the proposed sale by its 68% subsidiary, Liberty
Plc ("Liberty"), of the freehold interest in Liberty's 125,000 sq ft flagship
store on Great Marlborough Street, London W1, from which Liberty operates its
retail business for GBP41.5 million, to Sirosa Liberty Limited (the "Sale").
The Company now announces that it has received irrevocable undertakings to vote
in favour of the ordinary resolution to be put to shareholders of the Company in
due course in relation to the Sale from shareholders (including those referred
to in the announcement made on 15 March) holding 71.3% of the Company's issued
share capital. Of the 71.3%, 15.8% relates to undertakings from Directors of the
Company.
Ends.
Contact:
Richard Balfour-Lynn, Chief Executive. MWB. Tel: 020 7706
2121
Baron Phillips, Baron Phillips Associates. Tel:
020 7920 3161
This information is provided by RNS
The company news service from the London Stock Exchange
END
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