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DJ Shepherd Neame Limited Shepherd Neame Completes Pubs Acquisition

TIDMSHEP

RNS Number : 4176C

Shepherd Neame Limited

28 June 2016

PRESS RELEASE

Issued by Shepherd Neame

28 June 2016

SHEPHERD NEAME COMPLETES PUBS ACQUISITION

Further to the announcement on Friday 10 June 2016, Shepherd Neame, the Kent-based brewer, pub and hotel operator, has completed its discussions with Enterprise Inns plc which has resulted in the purchase of seven freehold pubs in Kent, Sussex and Surrey. The purchase of the eighth pub is expected to complete in due course.

The pubs are:

   --     Chequer Inn in Steyning, West Sussex 
   --     Crown & Anchor in Shoreham by Sea, West Sussex 
   --     The Farm House in West Malling, Kent 
   --     The Greyhound in Keston, Kent 
   --     Hen & Chickens in Bisley, Surrey 
   --     The Kings Head in Guildford, Surrey 
   --     The Sussex Oak in Warnham, West Sussex 

All the pubs will continue to operate under their current lease, and during the past fortnight, representatives from Shepherd Neame have met with the licensees to discuss transitional arrangements and future investment plans.

The completion of the sale takes Shepherd Neame's total number of pubs to 335, of which 59 are operated under management and 269 as tenanted and leased and seven under commercial free of tie leases.

All Shepherd Neame pubs will be operated under the Voluntary Code of Practice.

ENDS

For further information please call Communications Executive Kathryn Tye on 01795 542259 or email ktye@shepherdneame.co.uk or visit www.shepherdneame.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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June 28, 2016 02:00 ET (06:00 GMT)