13th Jul 2022 12:43
Town Centre Securities PLC - Leeds, England-based property investment and car parking operator - Confirms Sky News press report that YourParkingSpace Ltd is in "advanced stages" of a sale to Flowbird Group, but says some details in the press article are "inaccurate". Says if successfully completed, the sale will result in Town Centre Securities receiving up to GBP20.7 million for its stake in the online parking platform.
On Monday, Sky News reported that YourParkingSpace co-founders are "close to concluding a deal with Flowbird, a giant US rival" to sell the company for GBP120 million.
"There can be no certainty that a transaction will take place. The company will provide a further announcement as soon as possible," Town Centre Securities adds.
https://news.sky.com/story/your-parking-space-entrepreneurs-toast-120m-sale-to-flowbird-12650226
Current stock price: 150.00p each, up 4.9% on Wednesday
12-month change: up 5.6%
By Sophie Rose; [email protected]
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