Completion of Belgium casino disposal

RNS Number : 3587U
Rank Group PLC
01 April 2021
 

LEI: 213800TXKD6XZWOFTE12

1 April 2021

The Rank Group Plc ('Rank' or the 'Group')

Completion of Belgium casino disposal

Rank confirms that it has now completed the sale of its Blankenberge casino and associated digital licence to Kindred Group plc.

Total consideration for the sale was £25 million on a cash free / debt free basis and has been satisfied in cash.  The sale proceeds will support the Group's liquidity and future initiatives derived from its Transformation 2.0 programme.

 

Ends

Contacts:

Rank

Sarah Powell - investor relations

David Williams - public affairs

 

 

 

Tel: +44 1628 504 303

Tel: +44 1628 504 295

Media Enquiries:

FTI Consulting LLP (PR adviser to Rank)

Edward Bridges  

Alex Beagley

 

 

Tel: +44 20 3727 1067

Tel: +44 20 3727 1045

 

 

 

 

 

 

 

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