Financial news

DGAP-Adhoc: Holmes Investment Properties PLC: Trading Update (english)

06/10/2017 - 19:10


    Holmes Investment Properties PLC: Trading Update

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DGAP-Ad-hoc: Holmes Investment Properties PLC / Key word(s): Miscellaneous
Holmes Investment Properties PLC: Trading Update

06-Oct-2017 / 19:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Holmes Investment Properties Plc
Trading Update

Holmes Investment Properties Plc (HIP), the leisure and adventure park
developer, continues to make progress against its business goals and would
like to summarize a number of key announcements that will be revealed in the
next two weeks:

- The company will soon be launching a hybrid bond to raise money to fund
its first sites. The documentation is complete and will be presented
shortly. In addition, Holmes Investment Properties is on the cusp of
announcing two further funding providers, who will back HIP on a site by
site basis, providing substantial funding and alternative options to buy and
develop particular sites.

- Further to our announcement that Mr Grant Wright has joined HIP, the
company is creating an additional plan to augment the published strategy of
developing twelve leisure venues over the next four years. Mr Wright has 25
years' experience in operating leisure venues in the UK and Europe and he
will be using that expertise to broaden the offering from HIP.

- The company will be also announcing more leisure partners in the very near
future too, as we deepen our relationships in the leisure market. We will be
working with strong, successful organisations that will provide synergy,
making HIP's market offering unique in the UK and Europe.

- With regard to confirming sites, HIP has documented Head of Terms and
Options to Purchase agreements for the first three sites that the company
wishes to purchase. Two of these are close to major cities in England, and
the third is located at one of the most famous sporting venues in the world.
These announcements are imminent and are subject to planning permission.

Martin Helme, CEO: "We will make substantive announcements on all the points
in this trading update within the next few weeks. We are making significant
progress on many fronts and we are very close to confirming a number of
deals to drive forward our business plan."

Contact:

Martin Helme, Chief Executive Officer
+44 (0)7779 601541 or +44 (0)203 709 7120
Martin@hip-prop.co.uk

Murray Harkin, The Lyndon Agency
+44 (0)77852 54639
Murray@thelyndonagency.com


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Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:    English
   Company:     Holmes Investment Properties PLC
                53 Davies Street
                W1K 5JH London
                United Kingdom
   Phone:       + 44 203 709 7120
   E-mail:      david@hip-prop.co.uk
   Internet:    www.hip-prop.co.uk
   ISIN:        GB00B61DTR94
   WKN:         A1H654
   Listed:      Regulated Unofficial Market in Berlin



   End of Announcement    DGAP News Service
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616685 06-Oct-2017 CET/CEST

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