Thu 9th Feb 2017 - Enterprise Inns announces change of name to Ei Group, reports like-for-like growth of 1.6% in leased and tenanted estate Enterprise Inns announces change of name to Ei Group, reports like-for-like growth of 1.6% in leased and tenanted estate: Enterprise Inns has announced a change of name to Ei Group to reflect the “transformation of the company’s business”. The company stated: “The company is changing its name today from Enterprise Inns to Ei Group. This reflects the transformation of the company’s business from a single, predominantly leased and tenanted operation, to a portfolio of businesses comprising a variety of operating models and trading styles designed to optimise the value derived from the asset base. It is expected that with effect from 8am on 10 February 2017 the company’s shares will trade under its new name of Ei Group and the company’s London Stock Exchange Tradable Instrument Display Mnemonic will change to EIG. The ISIN and SEDOL numbers for the company’s shares will remain unchanged. Shareholders should note that, if they hold their shares in certificated form, existing share certificates should be retained as they will remain valid for all purposes. New share certificates issued after 10 February 2017 will bear the name Ei Group.” The company also reported a good start to the financial year with Ei Publican Partnerships, its leased and tenanted estate, reporting like-for-like net income growth of 1.6% in the 18 weeks to 4 February 2017. It stated: ”This steady improvement in performance has been achieved as a result of continued stabilisation of rental income and growing income from beer sales, driven by targeted capital investment, operational support and commercial benefits provided to our publicans. The execution of our strategic plan for the business is progressing well. We expect to be operating in the region of 400 commercial properties by the financial year end. Of these, 181 traded throughout this reporting period and the prior period, delivering like-for-like net income growth of 2.1%. The trading performance and expansion of our managed house businesses is progressing in line with our expectations and we continue to expect to have in the region of 250 managed houses operational by 30 September 2017.”