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Park Regulatory News (PKG)

Regulatory News for Park (PKG)

Share Price: 53.25

Bid: 52.50

Ask: 54.00

Change: 0.00 (0.00%)

Spread: 1.50

Spread as %: 2.86%

Open: 54.00

High: 54.00

Low: 52.50

Yesterday’s Close: 53.25

PKG Share News

PKG ShareCast

PKG Regulatory

Sale of Dock Road North site

Thu, 30th Sep 2010 14:00

RNS Number : 6229T

Park Group PLC

30 September 2010

Park Group plc

("Park" or "the Group")

Sale of Dock Road North site

Park, the Birkenhead based voucher and prepaid gift card provider, announces the unconditional sale of its Dock Road North site to a major housebuilder for a cash consideration of £1.815 million. The property had a conditional sale agreement in place as described in Note 16 of the Group's Financial Statements for the year ended 31 March 2010 when the site was valued at £0.725 million.

The consideration will be paid to Park as the houses to be built on the site are sold with the total consideration to be paid by 5 September 2014. Monthly interest is payable to Park on the outstanding consideration in the period up to 5 September 2014 at 5.5 per cent above the Royal Bank of Scotland base lending rate.

- ends -

For further information please contact:

Park Group plc	Arden Partners plc	Tavistock Communications
Peter Johnson / Chris Houghton	Fred Walsh / Matthew Armitt	John West / Paul Young
Tel: 0151 653 1700	Tel: 020 7614 5917	Tel: 020 7920 3150

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISKKKDPBBKDCCN

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20-Jun-12 07:00	RNS	Park to launch flex e-gift digital gift cards	Company Announcement - General
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07-Nov-11 09:36	RNS	Notice of Results	Advance Notice of Results
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