Lok’nStore Group plc (GB:LOK) has released an update.
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Lok’nStore Group Plc reported a 4.3% increase in group revenue to £14.17 million and a 4.9% rise in self-storage revenue for the six months ending 31 January 2024, while Group Adjusted EBITDA fell by 3.6% to £7.65 million. The company’s portfolio expansion includes the opening of new Landmark stores in Basildon and Kettering, with more scheduled to open in 2024. Additionally, Shurgard Self Storage Ltd has made a recommended cash offer to acquire Lok’nStore at 1,110 pence per share, which the directors intend to recommend unanimously.
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