Business
Update on Proposed Second Acquisition
Update on Proposed Second Acquisition.
About this update from Capai Plc
[{"type":"text","content":"\n \nRNS Number : 3871E Dukemount Capital PLC 09 February 2018 \n\n9 February 2018\nDukemount Capital Plc\n(\"Dukemount\" or the \"Company\")\nUpdate on Proposed Second Acquisition\nDukemount Capital plc, the property management and long dated income provider announced in October that due diligence on the second acquisition in North West England had been completed and that a four-month option to buy had been signed while it concluded discussions with housing associations.\nThe board are in advanced talks with one housing association and to facilitate the conclusion of these talks in an efficient manner we have been granted an extension of the option by the vendor for a further two-month period.\nDukemount Executive Chairman Geoffrey Dart said, \"While we anticipate that these talks with the housing association will be concluded soon, the end of the original option is approaching. We felt it prudent to get an extension to the option-to-buy agreement with the vendor while we work out a deal which works for Dukemount and the housing association. The next stage in the process is to present to the housing association, the plans for the refurbishment of the building in order to reach an agreement on the specific requirements for their tenants.\nMarket Abuse Regulation (MAR) disclosure\nCertain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.\n For further information, please contact:\n\n\n\n\n Dukemount Capital Plc\n\n\nTel: +44 (0) 7874 762 821\n\n\n\n\nTimothy Le Druillenec\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR (Media and Investor Enquiries\n\n\nTel: +44 (0) 207 933 8780\n\n\n\n\nPaul Cornelius / Gary Middleton\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nOptiva Securities Ltd\n\n\nTel: +44 (0) 203 137 1906\n\n\n\n\nChristian Dennis - Corporate Broker\n\n\n\n\n\n\n\nJeremy King - Corporate Broker\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeterhouse Corporate Finance Limited\n\n\nTel: +44 (0) 207 469 0930\n\n\n\n\nLucy Williams/Duncan Vasey\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQLLFFTFDITIIT\n ","length":4919,"tagName":"div"}]