25 Feb 2019 07:00
Update on media speculation
The Board of Laura Ashley notes the speculation in the media about a possible takeover. It can confirm that no bid has been received for the company.
Andrew Khoo, Chairman of Laura Ashley, said:
"As far as I am concerned, there is no takeover bid because there has been no approach whatsoever. If and when an approach is made, the Board will discharge its duties as always and assess it on its relative merits.
I would however like to state for the record that as major shareholders of Laura Ashley, we have no intention of divesting our shareholding. Whilst I understand why potential parties would think we are significantly undervalued, I have complete confidence that we will be able to grow profitably and in a sustainable manner so as to create long-term value for our shareholders. We remain just as committed and passionate about this well-loved brand as when we first decided to invest in Laura Ashley over 20 years ago."
Enquiries:
Laura Ashley Holdings plc Kwan Cheong Ng; CEO Seán Anglim; FD / Joint COO
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020 7880 5100 |
Media Enquiries Brunswick Anita Scott Helen Smith |
020 7404 5959 |
Corporate Broker Cantor Fitzgerald Europe Rick Thompson
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020 7894 7000
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ALY.L (ALY)