Edition:
India

Ei Group Explores Commercial Property Portfolio Disposal, Launches Bond Offering


Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Ei Group PLC ::TRADING STATEMENT.TRADING PERFORMANCE HAS STEADILY IMPROVED THROUGHOUT YEAR ACROSS ALL AREAS OF BUSINESS.ON TRACK TO FINISH CURRENT FINANCIAL YEAR WITH SOME 365 MANAGED PUBS, IN LINE WITH OUR PREVIOUS GUIDANCE.LAUNCHED AN OFFERING OF £150 MILLION UNSECURED BONDS.LAUNCHED CONDITIONAL TENDER OFFER IN RESPECT OF OUTSTANDING £97 MILLION CONVERTIBLE BONDS IN ADVANCE OF MATURITY IN SEPT 2020.LARGELY WET-LED ESTATE HAS BENEFITED FROM GOOD SUMMER WEATHER AND SUCCESSFUL FIFA WORLD CUP.PUBLICAN PARTNERSHIPS HAVE SEEN GOOD TRADING IN SECOND HALF OF YEAR TO DATE.OPEN TO OPPORTUNITY TO MONETISE VALUE OF COMMERCIAL PROPERTY PORTFOLIO.APPOINTED ROTHSCHILD & CO TO ASSIST CO EXPLORE VARIOUS POSSIBLE ROUTES TO OPTIMISE VALUE OF COMMERCIAL PROPERTY PORTFOLIO.OPTIMISING VALUE OF COMMERCIAL PROPERTY PORTFOLIO MAY INCLUDE DISPOSAL OF ALL OR PART OF PORTFOLIO.