TIDMSTOB

RNS Number : 1219Y

Stobart Group Limited

04 September 2020

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014.

4 September 2020

STOBART GROUP LIMITED

('Stobart Group' or 'the Company')

Statement in relation to press speculation

Stobart Group, the aviation and energy infrastructure group, notes the article in the Irish Independent today regarding Stobart Air.

Our AGM statement on 30 July 2020 stated that we had commenced early discussions with potential partners around the long-term future of Stobart Air. As part of this process, we can confirm that we are in early stage discussions with a number of parties including Falko Regional Aircraft Limited regarding the potential sale of Stobart Group's stake in Stobart Air and Propius, and there can be no certainty that any transaction will be forthcoming or whether acceptable terms will be agreed.

The person responsible for arranging the release of this announcement on behalf of Stobart Group is Louise Brace, Company Secretary.

 
Enquiries: 
 
Stobart Group Limited                   C/o Newgate Communications 
Charlie Geller, Group Communications 
 Director 
 
Newgate Communications                  +44 203 757 3406 
                                        +44 203 757 6884 
Giles Croot                             stobart@newgatecomms.com 
Ian Silvera 
Isabelle Smurfit

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END

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September 04, 2020 10:40 ET (14:40 GMT)

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