Laura Ashley Holdings plc

Equities

ALY

GB0000533728

Delayed London S.E. Other stock markets			5-day change	1st Jan Change
- ^GBX	-.--%		-78.60%	-89.78%

2020	Gordon Brothers Group, LLC acquired Laura Ashley® Brand from Laura Ashley Holdings plc.	CI
2020	Laura Ashley : to shut stores, cut hundreds of jobs	RE

Laura Ashley : Financing Update

February 19, 2020 at 07:40 am EST

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	Ashley (Laura) Hldgs PLC - ALY Financing Update Released 12:35 19-Feb-2020

RNS Number : 4969D

Ashley (Laura) Hldgs PLC

19 February 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ('MAR').

19 February 2020

For immediate release

LAURA ASHLEY HOLDINGS PLC

Financing Update

Further to the announcement on 16 February 2020 in response to press speculation, the board of Laura Ashley Holdings PLC (the 'Company' and, together with its subsidiaries, the 'Group') is pleased to announce that discussions between Wells Fargo and MUI Asia Limited relating to the Group's immediate funding requirements have concluded and the Group should be able to utilise requisite funds from its working capital facility with Wells Fargo to meet its immediate funding requirements. As previously announced, this is not a cash injection by MUI Asia Limited into the Group.

The Company welcomes the support fromMUI Asia Limited and continues to review its working capital needs on an ongoing basis. The Company will update shareholders in due course in relation to the review of its working capital needs.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Sagar Mavani, Chief Financial Officer.

LEI: 213800GTYRHRBJKABN84

Enquiries:

KCNg/KatharinePoulter/Sagar Mavani	Laura Ashley	02078805100
Anita Scott / Alice Gibb	Brunswick	02074045959
Rick Thompson / Michael Boot	Cantor Fitzgerald Europe	02078947000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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Financing Update - RNS

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Laura Ashley Holdings plc published this content on 19 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2020 12:39:03 UTC

Latest news about Laura Ashley Holdings plc

Gordon Brothers Group, LLC acquired Laura Ashley® Brand from Laura Ashley Holdings plc.	20-04-21	CI
Laura Ashley : to shut stores, cut hundreds of jobs	20-03-23	RE
Laura Ashley Holdings plc(LSE:ALY) dropped from FTSE All-Small Index	20-03-23	CI
Laura Ashley : Hotel Chocolat agrees share issue ahead of coronavirus hit	20-03-20	RE
Laura Ashley : UK retailer Laura Ashley succumbs as virus hits, shares slump	20-03-17	RE
Laura Ashley Holdings plc Announces Director Appointment and Resignations	20-03-16	CI
Laura Ashley : says will need further funding boost	20-03-16	RE
Laura Ashley Holdings plc Announces Board Changes	20-02-27	CI
Laura Ashley : first-half loss widens as home furnishings stutters	20-02-20	RE
Laura Ashley Holdings plc Announces Management Changes	20-02-20	CI
Laura Ashley Holdings plc Reports Earnings Results for the Half Year Ended December 31, 2019	20-02-20	CI
Laura Ashley calms concerns with funding agreement	20-02-19	RE
FTSE : climbs after recording weekly loss	20-02-17	RE
Laura Ashley says major shareholder, lender in funding talks	20-02-17	RE
UK Plc drops as coronavirus fears dominate Brexit day	20-01-31	RE
Laura Ashley : CEO to step down after eight years at helm	20-01-31	RE
Laura Ashley Holdings plc Announces Management Changes	20-01-31	CI
Laura Ashley Holdings plc Announces Executive Changes	19-10-14	CI
Laura Ashley : posts 10 million pound loss as furniture sales sag	19-08-22	RE
Laura Ashley Holdings plc Reports Earnings Results for the Full Year Ended June 30, 2019	19-08-22	CI
Laura Ashley : Fashion retailer Laura Ashley hits life-low after another results warning	19-04-25	RE
Laura Ashley : Flacks drops plans to bid for Laura Ashley	19-03-22	RE
Flacks Group Drops The Plan To Acquire Laura Ashley Holdings	19-03-22	CI
Laura Ashley : Britain's Laura Ashley dismisses unsolicited offer from Flacks	19-02-26	RE
Laura Ashley 'Not For Sale' After Takeover Bid	19-02-26	CI

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Company Profile

Laura Ashley Holdings plc is engaged in designing and manufacturing products for home and fashion. The Company's segments include Retail and Non-Retail. The Retail segment includes sales through Laura Ashley's Managed Stores, Mail Order, e-Commerce and Hotel. The Non-Retail segment includes licensing, franchising and manufacturing. The Company's property portfolio in the United Kingdom includes approximately 190 stores. The Company's United Kingdom business includes the Home Accessories, Furniture, Decorating and Fashion categories. The Furniture product category includes upholstered and cabinet furniture, beds and mirrors. The Home Accessories product category includes lighting, gifts, bed linen, rugs, throws, cushions and children's accessories. The Decorating category includes fabric, curtains, wallpaper, paint and decorative accessories. The Fashion category includes adult fashion, fashion accessories and perfumery. The Company also holds interests in the Laura Ashley hotel.

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