Studio Retail Group PLC Proposed Disposal of Findel Education - Update (3157C)
16 Octubre 2020 - 1:03AM
UK Regulatory
TIDMSTU
RNS Number : 3157C
Studio Retail Group PLC
16 October 2020
16 October 2020
Studio Retail Group plc
Proposed Disposal of Findel Education - Update on CMA
process
Studio Retail Group plc (the "Company") notes the publication
this morning by the CMA regarding its inquiry into the proposed
disposal of Findel Education Limited to the Council of the City of
Wakefield, acting in its capacity as the lead authority of the
joint committee known as the Yorkshire Purchasing Organisation
("YPO"), and is disappointed with its Provisional Findings and
related Notice of Possible Remedies. The Company will be working
with YPO to understand the rationale behind the Provisional
Findings and further engage with the CMA as appropriate ahead of
its Final Report.
Enquiries
Studio Retail Group plc
Phil Maudsley, Group CEO
Paul Kendrick MD Studio Retail Ltd and CEO Designate
Stuart Caldwell, Group CFO
0161 303 3465
Tulchan Communications
Will Smith
020 7353 4200
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END
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October 16, 2020 02:03 ET (06:03 GMT)
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