Braime (T.F.& J.H.) (Hldgs) PLC Disposal (7076C)
19 10월 2015 - 10:09PM
UK Regulatory
TIDMBMTO
RNS Number : 7076C
Braime (T.F.& J.H.) (Hldgs) PLC
19 October 2015
T.F. & J.H. BRAIME (HOLDINGS) P.L.C.
("Braime" or the "Company")
Disposal Completion
The Company can confirm, following on from the announcement
dated 16 April 2015, that its subsidiary, Braime Pressing Limited
completed the sale agreement with Leeds Advanced Manufacturing UTC
Limited ("LAM") disposing 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 sale proceeds are being invested by the Company in
relocating and upgrading the existing warehouse and logistics
functions which will enhance the future operating efficiency of the
company. This project is now well advanced.
The Company looks forward to working with the new advanced
engineering UTC College which is scheduled to open in autumn
2016.
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
END
DISGMMMGFLRGKZM
(END) Dow Jones Newswires
October 19, 2015 09:09 ET (13:09 GMT)
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