Share Name Share Symbol Market Type Share ISIN Share Description
The Barkby Group plc NEX:BARK NEX Ordinary Share GB00BDZ7FJ04
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.50p 4.80p 5.80p 5.50p 5.25p 5.50p 63 16:30:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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Barkby Group PLC (The) Proposed acquisition of Centurian Automotive

12/12/2018 7:00am

UK Regulatory (RNS & others)


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RNS Number : 1751K

Barkby Group PLC (The)

12 December 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

12 December 2018

The Barkby Group PLC

("Barkby" or the "Group")

Proposed acquisition of Centurian Automotive

The Barkby Group PLC, the consumer-focused hospitality group, is pleased to announce that it has signed heads of terms for the acquisition of Centurian Automotive Limited ("Centurian Automotive" or the "Company").

Centurian Automotive is an award winning automotive dealership with a strong and fast growing online digital presence. Centurian prides itself on its best-in-class customer experience and was recently chosen by Autotrader from 13,000 motor dealers in the UK to represent the benchmark for all dealership training, marketing and master classes.

Rupert Fraser, CEO of Barkby, commented: "Barkby is led by a highly experienced team with a successful track record of delivering value for shareholders. The Board believes that the acquisition of Centurian into our consumer-led hospitality portfolio will be highly complementary and accretive, and we look forward to completing the transaction."

The proposed acquisition is subject to, inter alia, completion of due diligence and signing of a binding acquisition agreement and therefore, there is no guarantee as to the timing of the proposed acquisition or whether it will proceed at all. Further information will be provided in due course.

Contacts:

 
                                                  +44 (0) 330 333 
The Barkby Group PLC                               8265 
Rupert Fraser, Chief Executive Officer 
Allenby Capital (NEX Exchange Corporate Adviser   +44 (0) 20 3328 
 and Broker)                                       5656 
Jeremy Porter/Asha Chotai 
                                                  +44 (0) 20 3757 
Camarco (Financial PR)                             4994 
Jennifer Renwick/Jane Glover/Jake Thomas 
 

Notes to editors

The Barkby Group PLC currently owns and operates four highly acclaimed gastropub properties with a total of 38 hotel rooms and is focused on delivering a high-end experience in select "destination" locations. The Group's gastropubs seek to differentiate themselves by quality of food and service and upscale accommodation.

The Barkby Group PLC has an experienced team driving its growth strategy. The Group intends to develop a large portfolio of premium hospitality properties in partnership with breweries across the UK and intends to scale up to 8 - 12 sites over the next 3 - 5 years. The Group is focused on a capital light, strong cashflow model with growth driven by quick turnaround of under-performing hospitality properties and other complementary businesses.

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.

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December 12, 2018 02:00 ET (07:00 GMT)

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