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Fairpoint Group plc: Corporate update

12 Jul 2017 11:00

Fairpoint Group plc (FRP) Fairpoint Group plc: Corporate update 12-Jul-2017 / 11:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


 

 

12 July 2017

 

For immediate release

 

Fairpoint Group PLC

("Fairpoint" or the "Group")

Corporate update

 

As part of the Company's previously announced restructuring programme to focus the Group on Simpson Millar, its Legal Services business, Fairpoint announces that it is in discussions with a view to disposing of the IVA business to a third party. As the principal place of business for the IVA business is Fairclough House, Adlington, Lancashire, it is also the intention of the Board to seek an exit from the lease arrangements on Fairclough House.

 

A further announcement will be made in due course.

 

 

For enquiries please contact:

 

Fairpoint Group plc

 

 

David Broadbent, Chief Executive Officer

 

020 3128 8794

 

 

 

Shore Capital (Nominated advisor and broker)

 

 

Mark Percy

 

020 7408 4090

Edward Mansfield

 

 

 

 

 

MHP Communications

 

fairpoint@mhpc.com

Reg Hoare

 

020 3128 8794

Katie Hunt

 

 

 

 


Language:English
ISIN:GB0032360280
Category Code:MSCH
TIDM:FRP
Sequence No.:4406
 
End of AnnouncementEQS News Service

592053 12-Jul-2017 

UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.

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