1st Apr 2021 13:55
RNS Number : 3587U
Rank Group PLC
01 April 2021
LEI: 213800TXKD6XZWOFTE12
1 April 2021
The Rank Group Plc ('Rank' or the 'Group')
Completion of Belgium casino disposal
Rank confirms that it has now completed the sale of its Blankenberge casino and associated digital licence to Kindred Group plc.
Total consideration for the sale was £25 million on a cash free / debt free basis and has been satisfied in cash. The sale proceeds will support the Group's liquidity and future initiatives derived from its Transformation 2.0 programme.
Ends
Contacts: Rank Sarah Powell - investor relations David Williams - public affairs | Tel: +44 1628 504 303 Tel: +44 1628 504 295 |
Media Enquiries: FTI Consulting LLP (PR adviser to Rank) Edward Bridges Alex Beagley | Tel: +44 20 3727 1067 Tel: +44 20 3727 1045 |
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