Conygar Investment Company PLC(The) PLANNING CONSENT GRANTED AT LLANDUDNO JUNCTION (0049P)

TIDMCIC

RNS Number : 0049P

Conygar Investment Company PLC(The)

15 February 2016

For immediate release

15 February 2016

THE CONYGAR INVESTMENT COMPANY PLC

PLANNING CONSENT GRANTED AT LLANDUDNO JUNCTION, NORTH WALES

The Conygar Investment Company PLC ("Conygar"), the property investment and development group, is pleased to announce that it has obtained a resolution to grant planning permission for its development at Llandudno Junction.

Conwy County Borough Council ("CCBC") resolved at its meeting on 10 February 2016 to grant outline permission for a new superstore and restaurant development, including the demolition of the existing structures and preparatory earthworks for the site, a retail superstore, a petrol filling station, 4 new restaurant units, a new access road from the A55, landscaping and infrastructure works.

The permission will be formally granted upon the signing of a S.106 agreement, the principles of which have already been agreed with CCBC.

Robert Ware, Chief Executive of Conygar commented: "We are pleased that our planning application for the proposed retail and leisure development at Llandudno Junction has been approved by the planning committee.

We look forward, in partnership with Conwy County Borough Council, to progressing this exciting development with the benefits it will bring in terms of employment and economic regeneration to Llandudno Junction and the county".

Enquiries:

The Conygar Investment Company PLC

Robert Ware / Ross McCaskill: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

This information is provided by RNS

The company news service from the London Stock Exchange

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February 15, 2016 02:01 ET (07:01 GMT)