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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Patisserie | LSE:CAKE | London | Ordinary Share | GB00BM4NV504 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 429.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCAKE
RNS Number : 0370Q
Patisserie Holdings PLC
14 February 2019
Patisserie Holdings PLC - CAKE Disposal
For immediate release
14 February 2019
Patisserie Holdings plc
Disposal
Patisserie Holdings plc (AIM: CAKE) (PH or the Company) announces today that, following the Company's administration it has today completed the sale of Patisserie Valerie to Dublin based Causeway Capital and Philpotts to A.F.Blakemore for a total consideration of GBP13m comprising GBP10m cash and GBP3m deferred consideration. Strong interest has also been received for Baker and Spice and an update will be provided shortly. Following the loss of its nominated adviser and the appointment of administrators the Company is provisionally scheduled for cancellation with effect from 7:00am on 25 February 2019. In the circumstances no objection will be made to such cancellation and it is expected that this will proceed at the appointed time.
Enquiries:
Patisserie Holdings plc KPMG contact Kate Broomhead tel: 0161 246 4623
David Costley-Wood, Joint administrator
Blair Nimmo, Joint administrator
The information contained in this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DISGGUCAPUPBGUC
(END) Dow Jones Newswires
February 14, 2019 06:26 ET (11:26 GMT)
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