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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dobbies Garden | LSE:DGC | London | Ordinary Share | GB0002729738 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,265.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6840R Dobbies Garden Centres PLC 04 April 2008 Dobbies Garden Centres plc Acquires Sandyholm Garden Centre Dobbies Garden Centres plc ("Dobbies" or "the Company") announces that it has agreed to acquire the business and assets of Sandyholm Garden Centre and Coffee Shop ("Sandyholm") at Crossford, in Lanarkshire, for a cash consideration of £8 million plus stock at valuation. The acquisition includes the freehold garden centre of approximately 36,000 sq. ft. of retail space, situated on a 9 acre site. For the year ending December 2007 Sandyholm had sales of £5.8 million and a net profit before tax of £1.1 million. It is expected that the acquisition, excluding reorganisation costs, will enhance earnings per share. Dobbies' Chief Executive, James Barnes, said: "We are very pleased to be acquiring a well known and well respected garden centre that extends the reach of Dobbies in our Scottish heartland. This acquisition is consistent with our strategy of owning large freehold garden centres, which will add value to our portfolio and overall business." The acquisition of Sandyholm by Dobbies follows on from the successful opening of a 55,000 sqft garden centre in Southport last month and means that Dobbies now operates from 24 sites throughout the UK. For further information, please contact: Sharon Brown, Dobbies Garden Centres plc 0131-663-6778 (Finance Director) Alex Dewar, Brewin Dolphin Limited 0131-225-2566 (nominated advisor and joint broker to Dobbies) Alex Borrelli, Shore Capital 0207-468-7932 (joint broker to Dobbies) Emma Kent / Antonia Coad, Bell Pottinger Corporate & Financial 0207-861-3232 (financial PR advisor to Dobbies) This information is provided by RNS The company news service from the London Stock Exchange END ACQEASLLEAAPEFE
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