Riverfort Regulatory News (RGO)

28 Sep 2007 11:23

Viridas PLC28 September 2007 RELEASED ON BEHALF OFVIRIDAS PLC (AIM: VIR) 28 September 2007 VIRIDAS TO SELL SKELMERSDALE PROPERTY The board of Viridas Plc ("Viridas" or "the Group") announces it has exchangedcontracts to dispose of the Group's warehouse premises at Skelmersdale,Lancashire for £500,000. Completion is expected to take place at the end ofOctober. The freehold warehouse was used to house the Group's now discontinuedNinaSun garden furniture business. The consideration will be settled in cash in full at completion. Viridas willrealise a book profit of £59,568 on disposal of the property. After repaymentof the outstanding mortgage over the property, the net proceeds of £200,000 willbe used to provide additional working capital and to fund the furtherdevelopment of the Group's Jatropha biodiesel project in Brazil. For information: Viridas Plc Tel: 01132 235 0632 www.viridas.comStanley WootliffExecutive Chairman Evolution Securities Limited Tel: 0113 243 1619Joanne Lake City of London PR Limited Tel: 020 7628 5518John GreenhalghRon Marshman This information is provided by RNS The company news service from the London Stock Exchange