DGC Dobbies Garden

RNS Number:6840R
Dobbies Garden Centres PLC
04 April 2008


Dobbies Garden Centres plc Acquires Sandyholm Garden Centre


Dobbies Garden Centres plc ("Dobbies" or "the Company") announces that it has
agreed to acquire the business and assets of Sandyholm Garden Centre and Coffee
Shop ("Sandyholm") at Crossford, in Lanarkshire, for a cash consideration of �8
million plus stock at valuation.

The acquisition includes the freehold garden centre of approximately 36,000 sq.
ft. of retail space, situated on a 9 acre site.

For the year ending December 2007 Sandyholm had sales of �5.8 million and a net
profit before tax of �1.1 million. It is expected that the acquisition,
excluding reorganisation costs, will enhance earnings per share.



Dobbies' Chief Executive, James Barnes, said:

"We are very pleased to be acquiring a well known and well respected garden
centre that extends the reach of Dobbies in our Scottish heartland. This
acquisition is consistent with our strategy of owning large freehold garden
centres, which will add value to our portfolio and overall business."



The acquisition of Sandyholm by Dobbies follows on from the successful opening
of a 55,000 sqft garden centre in Southport last month and means that Dobbies
now operates from 24 sites throughout the UK.


For further information, please contact:


Sharon Brown, Dobbies Garden Centres plc                           0131-663-6778
(Finance Director)

Alex Dewar, Brewin Dolphin Limited                                 0131-225-2566
(nominated advisor and joint broker to Dobbies)

Alex Borrelli, Shore Capital                                       0207-468-7932
(joint broker to Dobbies)

Emma Kent / Antonia Coad, Bell Pottinger Corporate & Financial     0207-861-3232
(financial PR advisor to Dobbies)


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQEASLLEAAPEFE

Dobbies Garden Centres (LSE:DGC)
Gráfica de Acción Histórica
De Ene 2025 a Feb 2025

Dobbies Garden Centres (LSE:DGC)
Gráfica de Acción Histórica
De Feb 2024 a Feb 2025