7th May 2008 16:04
Enterprise Inns PLC07 May 2008 REIT UPDATE Enterprise Inns plc (ETI) announced in its pre-close statement on 28 March 2008that it had been involved in ongoing discussions with HMRC regarding a potentialconversion to REIT status and that a response to a Code of Practice 10submission requesting confirmation of ETI's eligibility to join the REIT regimewas awaited. HMRC's response to the COP 10 submission has now been received which confirmsthat ETI is eligible to convert to REIT status if an internal restructuring ofthe ETI group is undertaken. Accordingly, in conjunction with its tax, legal andfinancial advisers, ETI is progressing the detailed analysis required to decidewhether the Board will recommend to shareholders at an EGM that ETI should electinto the REIT regime. We expect this work to take several months to complete anda further announcement will be made in due course. Enquires: Emma Baines, Investor Relations Manager 07990 550210 Ted Tuppen, Chief Executive 0121 733 7700 David George, Chief Financial Officer 0121 733 7700 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EI Group