Share Name Share Symbol Market Type Share ISIN Share Description
Ashley House Plc NEX:ASH NEX Ordinary Share GB00B1KKCZ55
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.60 1.80 3.80 2.60 2.60 2.60 0.00 07:50:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Ashley House PLC Trading Update

02/09/2019 7:00am

UK Regulatory (RNS & others)


Ashley House (NEX:ASH)
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6 Months : From Jun 2019 to Dec 2019

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RNS Number : 7789K

Ashley House PLC

02 September 2019

2 September 2019

Ashley House plc

("Ashley House" or the "Company")

Trading Update

Further to the Trading Update of 1(st) August, the Company is pleased to advise that the Morgan Ashley scheme at Romsey has reached financial close. This is a 54 apartment extra care facility with a gross development value of GBP13.5m for the Registered Provider, Places for People Living + and Hampshire County Council. The scheme is one of the three schemes mentioned in previous updates that had been delayed. The Morgan Ashley team continues to work hard on the other two delayed schemes as well as other schemes which it looks to close over the coming months.

As previously advised, the delays have had an impact on the cash inflows to Ashley House and the Company is continuing to explore a number of sources of funding whilst managing its cash carefully. The Company will continue to update the market as appropriate.

Enquiries:

Ashley House plc 01628 600 340

Antony Walters

Jonathan Holmes

James Hathaway

WH Ireland Ltd 0207 220 1666

(Nominated Adviser and broker to Ashley House plc)

Adrian Hadden

James Sinclair-Ford

Matthew Chan

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

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(END) Dow Jones Newswires

September 02, 2019 02:00 ET (06:00 GMT)

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