REG - Sutton Harbour Grp - Press Statement on Plymouth City Airport

Sutton HarbourAnnouncement

25/01/2024 16:00

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RNS Number : 9603A  Sutton Harbour Group PLC  25 January 2024

 

25 January 2024

 

Sutton Harbour Group plc

("Sutton Harbour" or the "Company")

 

Re Press Statement on Plymouth City Airport

 

The Company notes the press statement issued on 24 January 2024 by Plymouth
City Council ("PCC"). The Company confirms that it received a letter from PCC
on 19 January 2024 alleging breach of lease covenants in relation to Plymouth
City Airport.

 

Plymouth City Airport Limited, a wholly owned subsidiary of Sutton Harbour
Group plc, owns the long leasehold interest in the former airport site.  In
March 2019, the Government Inspectors agreed to a five year safeguard of the
airport site from non-airport uses as part of the approved Joint Local Plan.
The Company has been actively engaged in various consultations and
preparations in anticipation of the imminent end of the safeguarding.

 

The Company is considering, in conjunction with its advisers, the contents of
the letter from PCC and will update the market as appropriate in due course.

 

For further information, please contact:

 

 Sutton Harbour Group plc                         +44 (0) 1752 20 4186  Philip Beinhaker, Executive Chairman

                                                                        Corey Beinhaker, Chief Operating Officer

                                                                        Natasha Gadsdon, Finance Director
 Strand Hanson Limited                            +44 (0) 20 7409 3494  James Dance

 (Nominated & Financial Adviser and Broker)                             Richard Johnson

 

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