WREN Wt Rene Etf

 

TIDMWREN 
 
RNS Number : 5765H 
Wren Extra Care Group PLC 
24 February 2010 
 

 
 
+--------------------+--------------------+--------------------+ 
| FOR RELEASE        |       07:00        |   24 February 2010 | 
+--------------------+--------------------+--------------------+ 
 
 
                      WREN EXTRA CARE GROUP PLC (AIM: WREN) 
                            ("Wren" or "the Group") 
 
Wren Extra Care Group Plc, the AIM listed provider of retirement living, through 
      a range of Extra Care and other services for the independent elderly 
 
                                Planning Consent 
 
 
Wren Extra Care Group Plc, the AIM listed provider of retirement living, through 
a range of Extra Care and other services for the independent elderly, announces 
today that detailed planning permission has been granted on a site owned by the 
Company (originally part of a scheme intended for use for one of Wren's much 
larger Extra care Schemes) for thirteen two bed roomed apartments in Chipstead, 
Surrey. 
 
This planning consent would enable Wren to generate significant cash from a sale 
of the site alone at this stage. However, in order to optimise both profit and 
cash for the Company, the directors have submitted a further application on the 
same site for nine five-bed roomed executive houses, which if successful would 
materially enhance profitability and cash generation from the site and a 
decision on the planning and sale of the scheme will be made within 
approximately two months. 
 
Commenting, Paul Treadaway, CEO of Wren Extra Care said: 
"I am delighted that Wren has been granted planning consent for this exciting 
opportunity at Chipstead that in one stroke, effectively demonstrates and 
realises some of the value inherent across the Wren estate.  I very much look 
forward to its successful outcome and the continued development of the Company" 
 
-ENDS- 
Enquiries: 
+----------------------------+-----------------+ 
| Wren Extra Care Group plc  |                 | 
+----------------------------+-----------------+ 
| Paul Treadaway, CEO        | Tel: 01372 742  | 
|                            | 244             | 
+----------------------------+-----------------+ 
| www.wrenhomesplc.co.uk     |                 | 
+----------------------------+-----------------+ 
|                            |                 | 
+----------------------------+-----------------+ 
| Shore Capital (Nominated   |                 | 
| Adviser)                   |                 | 
+----------------------------+-----------------+ 
| Pascal Keane               | Tel: 020 7408   | 
|                            | 4090            | 
+----------------------------+-----------------+ 
|                            |                 | 
+----------------------------+-----------------+ 
| Peckwater PR               |                 | 
+----------------------------+-----------------+ 
| Tarquin Edwards            | Tel: 07879 458  | 
|                            | 364             | 
+----------------------------+-----------------+ 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBRGDDRXDBGGX 
 

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