STOB Stobart Group Ld

TIDMESKN

RNS Number : 2728A

Esken Limited

28 May 2021

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

28 May 2021

Esken Limited

("Esken")

Update on proposed sale of Stobart Air and Carlisle Lake District Airport

Earlier today, Esken, t he aviation and energy infrastructure group, provided an update with regard to the proposed sale of its entire shareholdings in Stobart Air Unlimited Company (which operates regional flights under a franchise agreement for Aer Lingus) and Stobart Air (UK) Limited, the owner of Carlisle Lake District Airport, to Ettyl Limited ("Ettyl"), as previously announced on 20 April 2021.

Since Esken's last update, Esken has become aware that Ettyl's proposed financing for the transaction is no longer available and understands that Ettyl is progressing discussions with another potential financing source. Esken is investigating these matters and seeking further information, including with regard to the impact this may have on the ability of Ettyl to finance the transaction and obtaining the change of control consents required in order to complete the transaction. Esken is discussing this matter with its lending banks given banking facility consent for the sale has been obtained.

A further announcement will be made when appropriate.

Enquiries:

 
Esken Limited 
 Charlie Geller, Communications Director 
 C/O Tulchan Communications 
 
  Tulchan Communications                    020 7353 4200 
  Olivia Peters/David Allchurch             esken@tulchangroup.com 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDDKFBBABKDFPB

(END) Dow Jones Newswires

May 28, 2021 12:30 ET (16:30 GMT)

Stobart Group Ld (LSE:STOB)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Stobart Group Ld (LSE:STOB)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024