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Disposal

31 Mar 2009 10:54

RNS Number : 7994P

Regent Inns PLC

31 March 2009

Regent Inns plc ("The Company")

Disposal of Brandasia Limited

The Company is pleased to announce that it has completed the disposal of Brandasia Limited to Paramijt Paul Singh Bassi and Pawan Kumar Kenth for a total consideration of £1 together with the repayment in cash of £255,000 of debt owed by Brandasia Limited to the Company. The business being disposed of comprises an Indian restaurant based in Birmingham. The net proceeds will be used to reduce debt.

In the 8 months to 28 February 2009, Brandasia Limited made a small loss and as at 27 December 2008 the book value of Brandasia Limited's net assets, excluding funding owing to the Company, cash at bank and certain other liabilities that will be settled by Company under the terms of the Sale and Purchase Agreement was £296,000.

Enquiries:

John Leslie, CEO

Mike Foster, CFO Tel: 020 8327 2560

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISSDESUFSUSEID

Date		Source	Headline
28th Jul 2005	12:35 pm	RNS	Rule 8.3- Regent Inns PLC
20th Jul 2005	9:38 am	RNS	EPT Disclosure
19th Jul 2005	9:35 am	RNS	EPT Disclosure
18th Jul 2005	4:08 pm	RNS	Further re Discussions
18th Jul 2005	1:11 pm	RNS	Termination of Discussions
18th Jul 2005	12:44 pm	RNS	Offer Rejection
18th Jul 2005	11:05 am	RNS	EPT Disclosure
18th Jul 2005	8:53 am	RNS	EPT Disclosure
18th Jul 2005	8:06 am	PRN	EPT Disclosure
18th Jul 2005	8:02 am	PRN	EPT Disclosure
15th Jul 2005	10:26 am	RNS	Rule 8.3- Regent Inns Plc
15th Jul 2005	10:05 am	RNS	EPT Disclosure
15th Jul 2005	9:07 am	RNS	Statement re Urbium
15th Jul 2005	8:07 am	PRN	EPT Disclosure
14th Jul 2005	10:52 am	RNS	Rule 8.3- Regent Inns PLC
14th Jul 2005	10:21 am	RNS	EPT Disclosure
14th Jul 2005	7:38 am	PRN	EPT Disclosure
13th Jul 2005	6:22 pm	RNS	Further re Regent Inns
13th Jul 2005	3:37 pm	RNS	Response to Urbium statement
13th Jul 2005	11:59 am	RNS	EPT Disclosure
13th Jul 2005	10:13 am	PRN	EPT Disclosure
13th Jul 2005	10:00 am	PRN	EPT Disclosure
13th Jul 2005	9:37 am	RNS	EPT Disclosure
13th Jul 2005	7:01 am	RNS	Further re Regent Inns
12th Jul 2005	5:36 pm	RNS	Offer Update
12th Jul 2005	11:56 am	RNS	EPT Disclosure
12th Jul 2005	10:40 am	RNS	EPT Disclosure
11th Jul 2005	11:35 am	RNS	EPT Disclosure
11th Jul 2005	11:12 am	RNS	Rule 8.3- Regent Inns PLC
11th Jul 2005	9:44 am	RNS	EPT Disclosure
8th Jul 2005	10:11 am	PRN	EPT Disclosure
8th Jul 2005	9:51 am	RNS	EPT Disclosure
8th Jul 2005	9:36 am	RNS	Rule 8.3- Regent Inns PLC
7th Jul 2005	11:15 am	RNS	EPT Disclosure
7th Jul 2005	7:00 am	RNS	Trading Statement
6th Jul 2005	11:05 am	RNS	Rule 8.3- Regent Inns PLC
6th Jul 2005	9:57 am	RNS	EPT Disclosure
5th Jul 2005	4:43 pm	RNS	Rule 8.3- Regent Inns PLC
5th Jul 2005	11:09 am	RNS	Rule 8.3- Regent Inns PLC
5th Jul 2005	9:30 am	RNS	EPT Disclosure
5th Jul 2005	8:09 am	PRN	EPT Disclosure
4th Jul 2005	9:23 am	RNS	EPT Disclosure
4th Jul 2005	8:29 am	PRN	EPT Disclosure
1st Jul 2005	11:30 am	RNS	Rule 8.3 - Regent Inns
1st Jul 2005	10:00 am	RNS	EPT Disclosure
30th Jun 2005	10:41 am	RNS	EPT Disclosure
30th Jun 2005	10:21 am	RNS	Rule 8.3- Regent Inns
30th Jun 2005	9:51 am	RNS	EPT Disclosure
30th Jun 2005	8:29 am	PRN	EPT Disclosure
29th Jun 2005	10:27 am	RNS	EPT Disclosure

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