Update on Planning Application (2746R)
November 01 2011 - 8:23AM
UK Regulatory
TIDMWRN
RNS Number : 2746R
Worthington Group PLC
01 November 2011
For immediate release 1 November 2011
Worthington Group Plc ("Worthington", "the Company" or "the
Group")
Update on Planning Application
On the 25(th) July we advised the market that we had submitted
an outline planning application for a substantial development on
our site at Keighley and subsequently, in the annual report,
indicated that we hoped to receive a reply within 12 weeks. Being
aware that that period has now passed, the board consider it is
appropriate to update the market on our current position.
Since the application was submitted there have been many
conversations and meetings with the planners and other interested
parties concerning the proposal and we are pleased to report that
we continue to receive both planning and political support for the
project. We had hoped that we would receive an acceptance to our
application with requests for other information to follow but we
have now been advised that we must submit some additional
information before the application can be considered further. Our
advisers assure us that this is perfectly normal for a scheme of
this size and we should not be concerned. Our architects
immediately submitted the additional information that was available
and they together with our other advisers are working to establish
exactly what else is required to enable the application to
proceed.
We remain confident as to the final outcome but have to accept
that the development is extremely significant not only for
Worthington but also for the local area and we must work within the
system to achieve the permissions we require. We will update the
market once there is additional information and although we now
have to expect some delay, we will use this time to progress our
discussions with potential joint venture and financing partners as
best we can without the application having been approved.
Enquiries:
Anne Alesbury, PD Cosec Limited, Company Secretary, 020 8940
0963
Roland Cornish, Beaumont Cornish 020 7628 3396
Website: www.worthingtongroupplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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