Dairy Crest Company Secretary advises TCDS that they sent “the heads of terms to McCarthy Stone’s lawyers quite some time ago” and that they will continue to chase and that requests that the Society ‘in the meantime bear with us.”

TCDS advise Dairy Crest that the Society can begin to enforce the original Agreement for Sale (as signed by both parties in 2014) and exercise the associated option agreement. The view of Directors is that this is a route that should be pursued unless there is movement on the new legal agreements.