U and I Group PLC Planning consent secured at Hendy Wind Farm (5849F)

TIDMUAI

RNS Number : 5849F

U and I Group PLC

30 October 2018

30 October 2018

U and I Group PLC

U+I secures planning consent at Hendy Wind Farm

U+I (LSE:UAI), the specialist regeneration developer and investor, announces it has secured planning approval for its Hendy Wind Farm, having been recovered for determination by the Welsh ministers, which will support delivery of its full year GBP5-7 million development and trading gains target.

Matthew Weiner, Chief Executive of U+I, commented:

"Having exchanged on Bryn Blaen Wind Farm earlier in the year, we have now secured planning permission to build out Hendy Wind Farm. Although wind farms are not a core part of our strategy, this has provided an opportunity to use our expertise in securing planning and creating value through building out the wind farm, to deliver on our FY gains target."

ENDS

For further information, please contact:

U+I

Nicola Krafft

[phone]

[e-mail]

Camarco (Financial PR Adviser)

Geoffrey Pelham-Lane / Hazel Stevenson / Tom Huddart

[phone] / 4989 / 4996

[e-mail]

About U+I

U+I is a specialist regeneration developer and investor.

With a c.GBP9.5 billion portfolio of complex, mixed-use, community-focused regeneration projects including a GBP145.7 million investment portfolio, we are unlocking urban sites bristling with potential in the London City Region (within one hour's commute from Central London), Manchester and Dublin. We exist to create long-term socio-economic benefit for the communities in which we work, delivering sustainable returns to our shareholders.

To find out more, visit www.uandiplc.com or follow us @uandiplc

LEI number: 213800HTEQQEIOGR5A58

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October 30, 2018 03:00 ET (07:00 GMT)