Ted Baker PLC Completion of sale and leaseback of UBB (5982R)
June 30 2020 - 11:55AM
UK Regulatory
TIDMTED
RNS Number : 5982R
Ted Baker PLC
30 June 2020
Ted Baker Plc ("Ted Baker" the "Company" or the "Group")
Completion of sale and leaseback of UBB
Ted Baker, the global British lifestyle brand, is pleased to
confirm the completion of the sale of The Ugly Brown Building (the
"UBB") to a wholly owned subsidiary of British Airways Pension
Trustees Limited, for a cash consideration of GBP78.75 million. The
net proceeds of at least GBP72.0 million (post tax) will be used to
reduce the Group's indebtedness to the Group's lenders.
The proposed sale and leaseback of UBB was first announced on
23(rd) March 2020 and subsequently approved by shareholders at the
general meeting held on 18(th) June 2020.
- Ends -
For further information contact:
Ted Baker
Peter Hearsey-Zoubie, Company Secretary
Tulchan Communications
Michelle Clarke/Jessica Reid
Tel: +44 (0) 20 7353 4200
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
DISKKKBPPBKDDAN
(END) Dow Jones Newswires
June 30, 2020 11:55 ET (15:55 GMT)
Ted Baker (LSE:TED)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ted Baker (LSE:TED)
Historical Stock Chart
From Apr 2023 to Apr 2024