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28 Mar 2011 07:00
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IMMEDIATE RELEASE | Monday, 28 March 2011 |
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The Alumasc Group plc announces the sale of surplus land for Β£1.2 million
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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.
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The net sale proceeds arising from this transaction were Β£1.2 million, giving rise to a profit on sale of Β£0.7m
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Alumasc has agreed with its Pension Trustees to contribute Β£0.6m of the sale proceeds to the Company's pension schemes, both of which are now closed to future accrual.Β
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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
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Bankside Consultants
Simon Bloomfield Tel: 0207 367 8861
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