4 Sep 2020 15:40
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014.
4 September 2020
STOBART GROUP LIMITED
('Stobart Group' or 'the Company')
Statement in relation to press speculation
Stobart Group, the aviation and energy infrastructure group, notes the article in the Irish Independent today regarding Stobart Air.
Our AGM statement on 30 July 2020 stated that we had commenced early discussions with potential partners around the long-term future of Stobart Air. As part of this process, we can confirm that we are in early stage discussions with a number of parties including Falko Regional Aircraft Limited regarding the potential sale of Stobart Group's stake in Stobart Air and Propius, and there can be no certainty that any transaction will be forthcoming or whether acceptable terms will be agreed.
The person responsible for arranging the release of this announcement on behalf of Stobart Group is Louise Brace, Company Secretary.
Enquiries: |
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Stobart Group Limited | C/o Newgate Communications |
Charlie Geller, Group Communications Director |
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Newgate Communications | +44 203 757 3406 |
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Giles Croot | stobart@newgatecomms.com |
Ian Silvera |
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Isabelle Smurfit |
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