6th Oct 2010 18:13
6 October 2010
Wren Extra Care Group plc (AIM: WREN)
("Wren", the "Company" or the "Group")
Company update
Wren announces that it has been informed that the Group's main lender (the "Lender") has appointed GVA Grimley Limited as receiver to Warlingham Developments Limited ("WDL") pursuant to the Law of Property Act 1925 with immediate effect. WDL owns the completed development known as 'Warlingham One'. In addition, the Lender has appointed GVA Grimley Limited as receiver pursuant to the Law of Property Act 1925 to Warlingham Developments Two Limited ("WDTL") which holds the Warlingham Two development site. Neither WDL nor WDTL are members of the Wren group of companies but development profit share agreements are in place between Wren and each of WDL and WDTL.
Enquiries:
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Wren Extra Care Group Plc |
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James Butterfield Corporate Development Director/ Mike O'Donnell Financial Director |
Tel: 01372 742 244 www.wrenhomesplc.co.uk |
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Shore Capital |
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Pascal Keane |
Tel: 020 7408 4090 |
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Peckwater PR |
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Tarquin Edwards |
Tel: 07879 458 364 |
Related Shares:
Wt Rene Etf