Re; Demolition28 Apr 2022 15:03
Following this decision, SAE has entered a contract to sell certain items of plant that are no longer required for its future plans of the site. A contract, worth £1.2m, has been awarded to a local company, Wye Valley Demolition, to remove the surplus plant and equipment. This contract brings in immediate funding to SAE's business, helping to secure SAE's broader objectives and delivering value for shareholders. So, my take on this - SAE has awarded a contract to a demolition company worth £1.2m - to the demolition company! We have signed a contract with another company, who are paying us an undisclosed sum to purchase the plant and equipment. It says the contract brings in immediate funding, delivering value for shareholders - so the contract must be way north of £1.2m! All sounds good to me. ATB