Company update
06 Octobre 2010 - 7:13PM
UK Regulatory
TIDMWREN
RNS Number : 9905T
Wren Extra Care Group PLC
06 October 2010
6 October 2010
Wren Extra Care Group plc (AIM: WREN)
("Wren", the "Company" or the "Group")
Company update
Wren announces that it has been informed that the Group's main lender (the
"Lender") has appointed GVA Grimley Limited as receiver to Warlingham
Developments Limited ("WDL") pursuant to the Law of Property Act 1925 with
immediate effect. WDL owns the completed development known as 'Warlingham One'.
In addition, the Lender has appointed GVA Grimley Limited as receiver pursuant
to the Law of Property Act 1925 to Warlingham Developments Two Limited ("WDTL")
which holds the Warlingham Two development site. Neither WDL nor WDTL are
members of the Wren group of companies but development profit share agreements
are in place between Wren and each of WDL and WDTL.
Enquiries:
+------------------------+-----------------------------------+
| Wren Extra Care Group | |
| Plc | |
+------------------------+-----------------------------------+
| James Butterfield | Tel: 01372 742 244 |
| Corporate Development | www.wrenhomesplc.co.uk |
| Director/ | |
| Mike O'Donnell | |
| Financial Director | |
+------------------------+-----------------------------------+
| | |
+------------------------+-----------------------------------+
| Shore Capital | |
+------------------------+-----------------------------------+
| Pascal Keane | Tel: 020 7408 4090 |
+------------------------+-----------------------------------+
| | |
+------------------------+-----------------------------------+
| Peckwater PR | |
+------------------------+-----------------------------------+
| Tarquin Edwards | Tel: 07879 458 364 |
+------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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