Holmes Investment Properties PLC’s partner receives equity investment offer – CLARIFICATION of Announcement dated 19th July 2017

Holmes Investment Properties PLC (HIP), the leisure and adventure park developer announced on 19th July 2017 that its leisure partner – Mr David Lloyd’s operating business – has received an outline offer to provide equity funding. This requires clarification in that the Investment Fund has proposed to invest £2 million in return for a 22.5% shareholding in Mr Lloyd’s operating company – not Holmes Investment Properties PLC. This will fulfill the working capital funding requirement that Holmes Investment Properties PLC had committed, for working capital, to Mr Lloyd’s operating company. This would speed up the funding process, which combined with other proposed debt funding offers received will allow the acquisition of the first twelve adventure parks planned.

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