Newsham House, Gloucester Update


 

TIDMAD. 
 
RNS Number : 5171V 
ADL PLC 
10 July 2009 
 

ADL Plc ("ADL" or the "Company") 
 
 
Newsham House, Gloucester Update 
 
 
As previously reported, a management agreement concerning Newsham House 
Gloucester was entered into with Lifeline Homes Limited ("Lifeline Homes") 
pending re-registration of the home by the Care Quality Commission in the name 
of Lifeline Homes. 
The re- registration has today been confirmed by the Quality Care Commission. As 
a consequence, ADL have transferred the operating business to Lifeline Homes and 
entered into a 30 year lease at a commencing rental of GBP200,000pa. 
 
 
The payment of rental commences on the earlier of Newsham House achieving a 
certain level of trading or 10 November 2009. 
 
 
For further information please contact: 
 
 
+-------------------------------------+-------------------------------------+ 
| ADL plc                             |                                     | 
+-------------------------------------+-------------------------------------+ 
| Jeremy Davies, Managing Director    | 07860 717458                        | 
+-------------------------------------+-------------------------------------+ 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
| Astaire Securities                  |                                     | 
+-------------------------------------+-------------------------------------+ 
| Andrew Raca                         | 0207 448 4400                       | 
+-------------------------------------+-------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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