WELLINGTON MARKET COMPANY PLC - Change of Name
October 02 2014 - 1:00AM
PR Newswire (US)
Wellington Market Company plc
Change of Name
Wellington Market Company plc, is pleased to announce it has changed its name
to WMC Retail Partners Plc (the "Company"). The UK's only publicly-listed
operator of markets - a company which can trace its origins back almost 800
years - is marking the next stage in its development with a new name that
reflects the changing face of its business.
Malcolm Ball, chief executive of WMC Retail Partners Plc, said:
"As the retail sector has evolved, we've had to diversify into other activities
- such as retail asset management and consultancy. It became apparent that our
former name did not reflect the aims and direction of the company.
Although we're still successfully running traditional market sites via our
wholly-owned subsidiary Town and Country Markets Ltd, our diversified
activities are moving to the fore and the new name of WMC Retail Partners Plc
better represents our business as we continue into the 21st century.
Markets still have a key role to play in the UK's retail sector and offer
something that just cannot be replicated in superstores. A contemporary,
successful market should be at the heart of a community and offer much more
than a mere retail transaction. Hosting events, themed markets and community
engagement initiatives that create a vibrancy just not found anywhere else on
the high street.
Our work in animating retail space with these types of activities has proved to
be very popular, particularly with developers looking at breathing new life
into tired retail sites and adding interest to new retail developments and
shopping centres."
Dealings under the new name will commence at 8.00 am today. The Company's TIDM
code, WELL, and its ISIN will remain the same.
For further information please contact:
WMC Retail Partners Plc.
Paul Fice, Company Secretary Tel: +44 (0) 1952 242019
Grant Thornton UK LLP (Corporate Adviser)
Colin Aaronson/Melanie Frean Tel: +44 (0) 207 383 5100
About WMC Retail Partners Plc
WMC Retail Partners Plc (formerly known as Wellington Market Company Plc) is a
public company created by an Act of Parliament in the middle of the nineteenth
century and can trace its history back to 1244 when Wellington Market was
established by Royal Charter. It has become the leading private sector retail
market operator in the United Kingdom. Currently it operates general markets,
specialist markets, events and consultancy services at various locations
throughout England and is the only public company operating retail markets.
An ISDX-quoted company, in the year ending 31st December 2013, its turnover was
£6.2m with around 80 FTE employees.
www.wmc-retail.co.uk
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