Studio Retail Group PLC Proposed Disposal of Findel Education - Update (3157C)

TIDMSTU

RNS Number : 3157C

Studio Retail Group PLC

16 October 2020

16 October 2020

Studio Retail Group plc

Proposed Disposal of Findel Education - Update on CMA process

Studio Retail Group plc (the "Company") notes the publication this morning by the CMA regarding its inquiry into the proposed disposal of Findel Education Limited to the Council of the City of Wakefield, acting in its capacity as the lead authority of the joint committee known as the Yorkshire Purchasing Organisation ("YPO"), and is disappointed with its Provisional Findings and related Notice of Possible Remedies. The Company will be working with YPO to understand the rationale behind the Provisional Findings and further engage with the CMA as appropriate ahead of its Final Report.

Enquiries

Studio Retail Group plc

Phil Maudsley, Group CEO

Paul Kendrick MD Studio Retail Ltd and CEO Designate

Stuart Caldwell, Group CFO

0161 303 3465

Tulchan Communications

Will Smith

020 7353 4200

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October 16, 2020 02:03 ET (06:03 GMT)