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Pin to quick picksBraime Group Plc Regulatory News (BMTO)

Share Price Information for Braime Group Plc (BMTO)

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Spread: 400.00 (28.571%)
Market Cap: £23.04m
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Disposal

19 Oct 2015 14:09

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 £855,000, plus a contribution to "associated works" of £295,000 (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
Date   Source Headline
25th May 20074:45 pmRNSSchedule 1-T.F. & J.H. Braime
25th May 20073:42 pmRNSEGM Statement
24th May 20073:47 pmRNSApproval of planning brief
30th Apr 20072:04 pmRNSNotice of EGM

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