18 Feb 2011 13:17
ο»Ώ
Β
Β
PROPERTY DISPOSAL
Β
Β
Β
Caffyns plc ("the Company") announces that it has today exchanged contracts with Ability Contractors Limited for the sale of its vacant freehold site at East Grinstead for Β£1.0 million. The gain on sale will be approximately Β£160,000. The consideration is payable in cash on 28 March 2011.
Β
The proceeds will be applied in reducing the Company's borrowings.
Β
18 February 2011
Β
Β
Β
Enquiries:
Β
Simon Caffyn
Chief Executive
Β
Mark Harrison
Finance Director
Β
Telephone: 01323 730201
Β
Follow the stocks