Alumasc Group Regulatory News (ALU)

The Alumasc Group plc announces the sale of surplus land for £1.2 million

The Alumasc Group plc (ALU.L), the premium building and engineering products group, is pleased to announce the sale of surplus land near its head office in Kettering for residential development.

The net sale proceeds arising from this transaction were £1.2 million, giving rise to a profit on sale of £0.7m

Alumasc has agreed with its Pension Trustees to contribute £0.6m of the sale proceeds to the Company's pension schemes, both of which are now closed to future accrual. 

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Enquiries:

The Alumasc Group plc

Paul Hooper (Group Chief Executive) Tel: 01536 383821

Andrew Magson (Group Finance Director) Tel: 01536 383844

Bankside Consultants

Simon Bloomfield Tel: 0207 367 8861