DJ Ashley House PLC Trading Update
RNS Number : 5179H
Ashley House PLC
01 August 2019
Ashley House plc
("Ashley House" or the "Company")
Further to the Trading Update of 5(th) July, the Company advises that due to reasons outside of the control of the Morgan Ashley joint venture, the three extra care schemes mentioned in that update have still not reached financial close. The schemes are still expected to close over the course of the next couple of months and the Morgan Ashley team is working hard to achieve this.
As a result, inflows to Ashley House are delayed and the Company is managing its cash carefully. The Board is currently exploring a number of sources of further funding to best manage this. The Company will continue to update the market as appropriate.
Ashley House plc 01628 600 340
WH Ireland Ltd 0207 220 1666
(Nominated Adviser and broker to Ashley House plc)
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(END) Dow Jones Newswires
August 01, 2019 02:02 ET (06:02 GMT)