Sign In
10 Jan 2011 07:00
RNS Number : 1373Z
British Polythene Industries PLC
10 January 2011
British Polythene Industries PLC ("BPI")
Disposal of Property
10 January 2011
BPI is pleased to announce that it has completed the sale of its Buckhurst Hill site in Essex for a cash consideration of £2.5M. The property had a book value of £0.5M and a gain on sale (after disposal costs) of £1.95M will be included in the results for the six months to 30 June 2011. There will be no taxation payable on the disposal. The proceeds will be used to reduce borrowings.
The manufacturing facilities at Buckhurst Hill were closed in 2008.
Enquiries:
John Langlands Chief Executive
| British Polythene Industries PLC | 01475 501 000 |
Tim Spratt Nicola Biles | Financial Dynamics | 0207 831 3113 |
This information is provided by RNS
The company news service from the London Stock Exchange
Follow the stocks
