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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wynnstay Group Plc | LSE:WYN | London | Ordinary Share | GB0034212331 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-12.50 | -3.40% | 355.00 | 350.00 | 360.00 | 360.00 | 355.00 | 360.00 | 52,674 | 16:25:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Farm Management Services | 735.88M | 6.93M | 0.3018 | 11.76 | 81.49M |
TIDMWYN
RNS Number : 2439T
Wynnstay Group PLC
10 October 2017
AIM: WYN
10 October 2017
WYNNSTAY GROUP PLC
("Wynnstay" or "the Company")
Just for Pets
Appointment of Administrators & Sale of 18 Stores
Following the announcement of 14 September 2017, Wynnstay reports that Christopher Benjamin Barrett and John Allan Carpenter of Dow Schofield Watts Business Recovery LLP have been appointed as Administrators to Just for Pets Ltd ("JfP), and that terms have been agreed by the Administrators for the sale of 18 stores to PSR Trading Ltd. The remaining 7 stores are, unfortunately, expected to be closed.
Wynnstay will continue to work with the Administrators to ensure the preservation of as much value as possible for all stakeholders of JfP.
The full details of the exceptional charges relating to the write-off of net assets of JfP and associated costs will be provided with the Company's full-year results.
As previously reported, for the six months to 30 April 2017, JfP generated revenues of GBP7.0m, representing approximately 3% of Wynnstay's total revenues for the period, and an operating loss of GBP0.25m. The Company's total adjusted operating profit for this period was GBP4.24m. Net assets relating to JfP stand at approximately GBP2.2m at the time of the Administrators appointment.
Enquiries:
Wynnstay Group plc Ken Greetham, Chief Today Executive T: 020 3178 Paul Roberts, Finance 6384 Director KTZ Communications Katie Tzouliadis T: 020 3178 / Irene Bermont-Penn 6378 / Emma Pearson Shore Capital (Nomad Stephane Auton / T: 020 7408 and Broker) Patrick Castle 4090
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
October 10, 2017 12:26 ET (16:26 GMT)
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