Business
Statement re press speculation
Statement re press speculation.
About this update from Mj Gleeson Plc
[{"type":"text","content":"\n \nRNS Number : 5822U MJ Gleeson PLC 01 April 2019 \n\nMJ Gleeson plc \n(GLE.L)\n \nNot for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulation of such jurisdiction.\nFor immediate release.\nStatement regarding press speculation\nThe Board of MJ Gleeson plc (\"Gleeson\") notes the recent press speculation and confirms that it has appointed Lazard to explore and advise it on a range of options for Gleeson's Strategic Land business (\"Strategic Land\"). During the course of this review, a number of third parties have expressed interest in the possibility of acquiring Strategic Land; it is possible that a sale of the business may ensue, but it is by no means certain that this will be the outcome of the review.\n Gleeson's Strategic Land division is a land promotion business that enhances the value of land by securing mainly residential planning consents, predominantly in the South of England. The business's portfolio comprises 59 sites which could deliver 22,232 plots and 67 acres of commercial land.\n A further announcement will be made if appropriate in due course.\n1 April 2019\n \nThis announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of the company is Stefan Allanson, Chief Financial Officer. \nLEI: 21380064K7N2W7FD6434\n \nEnquiries:\n\n\n\nInstinctif Partners\n\n\n\n\n\nTel: +44 7771 860938\n\n\n\n\nMark Garraway\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END STRBFLLXKXFEBBX\n ","length":3843,"tagName":"div"}]