ASH Ashley House Plc

TIDMASH

RNS Number : 5179H

Ashley House PLC

01 August 2019

Ashley House plc

("Ashley House" or the "Company")

Trading Update

Further to the Trading Update of 5(th) July, the Company advises that due to reasons outside of the control of the Morgan Ashley joint venture, the three extra care schemes mentioned in that update have still not reached financial close. The schemes are still expected to close over the course of the next couple of months and the Morgan Ashley team is working hard to achieve this.

As a result, inflows to Ashley House are delayed and the Company is managing its cash carefully. The Board is currently exploring a number of sources of further funding to best manage this. The Company will continue to update the market as appropriate.

Enquiries:

Ashley House plc 01628 600 340

Antony Walters

Jonathan Holmes

James Hathaway

WH Ireland Ltd 0207 220 1666

(Nominated Adviser and broker to Ashley House plc)

Adrian Hadden

James Sinclair-Ford

Matthew Chan

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END

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(END) Dow Jones Newswires

August 01, 2019 02:02 ET (06:02 GMT)

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