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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Stobart Group Ld | LSE:STOB | London | Ordinary Share | GB00B03HDJ73 | 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% | 34.50 | 34.55 | 34.95 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSTOB
RNS Number : 6851E
Stobart Group Limited
05 July 2019
This announcement contains inside information
5 July 2019
Stobart Group Limited
("Stobart Group") or the "Company")
Receipt of merger control clearance
Stobart Group announces that it has today been notified that its aviation joint venture, Connect Airways Limited ("Connect Airways") has received merger control clearance from the European Commission for its acquisition of Flybe Limited. Further details in connection with Connect Airways are contained in Stobart Group's announcement on 11 January 2019.
As announced previously, the share capital of Connect Airways is owned 30% by Stobart Aviation Limited, a wholly owned subsidiary of Stobart Group Limited, 30% by Virgin Travel Group Limited, the holding company of Virgin Atlantic Airways Limited, and 40% by DLP Holdings S.à.r.l., a Luxembourg company wholly-owned by funds managed by Cyrus Capital Partners LP. Connect Airways has also acquired Stobart Air's wet lease operations and aircraft leasing business.
Commenting on the receipt of merger control clearance, Warwick Brady, CEO of Stobart Group said:
"We are pleased to have received merger control clearance which means that Connect Airways can now progress with an exciting future based on a low-cost customer-centric regional connectivity strategy."
The person responsible for arranging the release of this announcement on behalf of Stobart Group is Louise Brace, Company Secretary.
Enquiries:
Stobart Group Limited C/o Newgate Communications Charlie Geller, Head of Group Communications Newgate Communications Tel: 020 3757 6880 Robin Tozer Email: Stobart@newgatecomms.com
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
July 05, 2019 09:33 ET (13:33 GMT)
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