Acquisition
03 Mars 2006 - 8:58AM
UK Regulatory
RNS Number:2518Z
Hartford Group PLC
03 March 2006
HARTFORD GROUP PLC
("Hartford" or "the Group")
Acquisition of Two Bars
Hartford Group PLC is delighted to announce that it has successfully completed
the acquisition of two leasehold sites from Luminar Leisure plc. The sites are
located in Chelmsford and Wimbledon, currently trading as "the". Both sites are
trading profitably and between them generate annualised turnover of #1.8m. The
sites will be converted later this year to the Henry J Bean's concept,
representing the start of the roll-out programme for this brand.
The sites were acquired for a cash consideration of #750,000, wholly funded from
current banking facility from Barclays Bank PLC. It is anticipated that the
acquisition will be earnings enhancing in the first full year of trading within
the Hartford estate.
3 March 2006
Enquiries:
Hartford Group PLC
Stephen Thomas, Chairman Tel : 020 7269 6372
James Kowszun, Chief Executive
College Hill Tel : 020 7457 2020
Justine Warren
Tom Baldock
This information is provided by RNS
The company news service from the London Stock Exchange
END
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