WELLINGTON MARKET COMPANY PLC - Trading Statement
25 Octubre 2013 - 7:27AM
PR Newswire (US)
Wellington Market Company plc
("Wellington" or "the Company")
Trading Statement for the Company's Third Quarter Ended 30th September 2013
In accordance with Rule 50 of ISDX Growth Market - Rules for Issuers, the
Company is issuing the following trading statement following the end of the
third quarter of company's trading to the 30th September 2013.
As indicated in our interim statement announced on 27th September 2013 the
third quarter saw us scheduled to add two additional markets to our portfolio
in the near future. We have been chosen by the local authority as the operator
of a new Watford covered market, and at Shepherds Bush we have been selected to
manage this historic private market and to take it through its regeneration,
and to realise its true potential.
Meanwhile trading at our core sites has been relatively stable, and on the
financial side, as stated on 27th September 2013, further property sales have
enabled us to repay our £1 million short-term loan and successfully renegotiate
our on-going bank facility. The second-half of our year is historically more
profitable than the first and given the performance of the company in the third
quarter has been relatively encouraging, we remain hopeful that we will be
reporting a positive result for the year as a whole.
The Directors of the company accept responsibility for the announcement.
For further information please contact:
Wellington Market Company Plc.
Paul Fice, Company Secretary Tel: +44 (0) 1952 242019
Grant Thornton UK LLP (Corporate Adviser)
Colin Aaronson/Melanie Frean Tel: +44 (0) 207 383 5100
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