Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type Share ISIN Share Description
Unbound Group Plc LSE:UBG London Ordinary Share GB0003085445 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 14.50 14.00 15.00 14.50 14.50 14.50 131,972 07:40:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.5 -5.9 -15.3 - 6

Unbound Group PLC Disposal of property asset

06/05/2022 7:00am

UK Regulatory (RNS & others)


Unbound (LSE:UBG)
Historical Stock Chart


From Feb 2022 to Aug 2022

Click Here for more Unbound Charts.

TIDMUBG

RNS Number : 5346K

Unbound Group PLC

06 May 2022

Unbound Group plc

Disposal of property asset

6 May 2022

Unbound Group plc ("Unbound" or the "Company"), the online multi brand retail platform enhancing the active lifestyles of the over 55 demographic, is pleased to announce that it has disposed of a leasehold property investment near Manchester (the "Property") to the Coal Pension Properties Limited for a gross cash consideration GBP1.75 million. The Property had a carrying value in the Company's annual audited accounts to 31 January 2022 of GBP1.5m.

The Property is leased to Fujitsu Services Limited for an annual rent of GBP300,000. The Factory was a legacy investment by Electra Private Equity plc and is not used for the operations of Unbound or any of its subsidiaries.

Unbound will deploy the proceeds into continued development of the Unbound platform and for general working capital purposes.

ENQUIRIES

Unbound Group plc

Dan Lampard

020 3874 8300

Stifel Nicolaus Europe Limited (Nomad and corporate broker)

Ash Burman, Nick Adams, Stewart Wallace, Francis North

020 7710 7600

Vico Partners

Sofia Newitt

020 3957 5045

NOTES TO EDITORS

Unbound Group plc

Unbound Group plc is the parent company for a group selling a range of brands focused on the 55+ demographic. Unbound Group will build on the solid foundation of Hotter Shoes, its current main business, to grow value through its curated, multi-brand retail platform supporting the active lifestyles of the 55+ demographic with a range of products and services. Unbound's expanded offering beyond footwear will feature a broad range of active lifestyle products and services, with third-party complementary brands featuring alongside new Unbound Group brands, as well as Hotter.

Hotter Shoes

Hotter Shoes, an Unbound Group plc company, is one of the UK's leading specialist footwear brands, selling over 1.4 million pairs of shoes per year. Hotter's footwear has an uncompromising focus on 'customised comfort' and perfect fit through the use of its differentiating technology, including its e-commerce platform, 3D foot scanner and augmented reality app which enables the consumer to try products virtually from home. Hotter has been transformed from a retail to a digitally led, omni-channel business over the past 3 years, selling its footwear to over 4 million customers via online, its direct mail order channel and its targeted 17 Technology Centres and 7 garden centre concessions in the UK. With its clearly defined, large and growing target demographic, Hotter now reaches 29% of the female population in the UK over the age of 55. Digital partnerships have recently been established with several online retailers including Next, John Lewis, The Very Group and M&S.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISFLFSDEIIEIIF

(END) Dow Jones Newswires

May 06, 2022 02:00 ET (06:00 GMT)

1 Year Unbound Chart

1 Year Unbound Chart

1 Month Unbound Chart

1 Month Unbound Chart
ADVFN Advertorial
Your Recent History
LSE
UBG
Unbound
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220815 00:39:49