Braime (T.F.& J.H.) (Hldgs) PLC Conditional Disposal (3556K)
16 4월 2015 - 3:00PM
UK Regulatory
TIDMBMTO
RNS Number : 3556K
Braime (T.F.& J.H.) (Hldgs) PLC
16 April 2015
T.F. & J.H. BRAIME (HOLDINGS) P.L.C.
("Braime" or the "Company")
Conditional Disposal
The Company announces that on 15 April 2015 its subsidiary,
Braime Pressing Limited entered into a conditional sale agreement
with Leeds Advanced Manufacturing UTC Limited ("LAM") to dispose of
approximately 1.18 acres of warehousing space and car park for a
consideration of GBP855,000, plus a contribution to "associated
works" of GBP295,000 (the "Disposal").
The Disposal is conditional on, inter alia, LAM obtaining all
relevant planning and listed building permissions and satisfactory
site investigation results.
The site represents only 25% of the Company's total site of 4.6
acres and the current warehousing facilities will be re-located by
Braime to another part of the site, so there will be no change to
the ongoing operations of the Company.
The book value of the land and buildings in the proposed
transaction is GBP25,000.
The directors intend that the sale proceeds will be used for
relocating and upgrading the existing warehouse and logistics
functions which will enhance the future operating efficiency of the
company.
For further information please contact:
Nicholas Braime
0113 245 7491
W. H. Ireland Limited
Katy Mitchell LLB
0113 394 6628
This information is provided by RNS
The company news service from the London Stock Exchange
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