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WYN Wynnstay Group Plc

355.00
-12.50 (-3.40%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Wynnstay Group PLC Appointment of Administrators & Sale of 18 Stores (2439T)

10/10/2017 5:26pm

UK Regulatory


Wynnstay (LSE:WYN)
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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

END

MSCMMMMGVGFGNZM

(END) Dow Jones Newswires

October 10, 2017 12:26 ET (16:26 GMT)

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