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Pin to quick picksWynnstay Props. Regulatory News (WSP)

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Market Cap: £22.79m
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Trading Update

27 Mar 2018 16:37

RNS Number : 1366J
Wynnstay Properties PLC
27 March 2018
 

WYNNSTAY PROPERTIES PLC

("Wynnstay" or "the Company")

Trading Update

27 March 2018

 

Following the Company's financial year-end on 25 March 2018 Wynnstay provides a trading update ahead of the announcement of its financial results on or about 14 June 2018.

 

Wynnstay's independent valuers have revalued the Company's investment properties at 25 March 2018 to £30,070,000. This represents an increase of £1,631,000 over the book value at 25 March 2017 (adjusted for disposals) and equates to approximately 60 pence per share.

 

This significant increase in value is a result of the successful negotiation of several important lease extensions, lease renewals and rent reviews during the period. These positive outcomes have further enhanced the lease profile and future income stream of the portfolio

 

The increase in the property valuation, together with anticipated and actual profits on disposal of investment properties and trading profits is expected to result in an increase in net asset value per share from 25 March 2017 of approximately 100 pence per share. All figures quoted are subject to audit.

 

This announcement contains inside information for the purpose of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

 

Enquiries:

Wynnstay Properties PLC

Toby Parker - Finance Director - 020 7554 8769

Nominated Adviser and Broker

Panmure Gordon (UK) Limited Andrew Potts - 020 7886 2500

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSELFIWFASEDD
Date   Source Headline
29th Jan 20265:12 pmRNSHolding(s) in Company
4th Nov 20251:02 pmRNSInterim Results for Six Months Ended 29 Sept 2025
30th Oct 20252:07 pmRNS-RNotice of Results & Investor Presentation via IMC
19th Sep 20253:56 pmRNSDirector Dealing
17th Jul 20257:00 amRNSResults of Annual General Meeting
16th Jul 20257:00 amRNSAGM Trading Update
11th Jul 20257:00 amRNS-RPresentation via Investor Meet Company
23rd Jun 20257:00 amRNSPosting of Annual Report & Notice of AGM
17th Jun 20257:00 amRNSFinal Results and notice of AGM
16th May 202512:07 pmRNSProperty Acquisition
1st May 20257:00 amRNSTrading Update
6th Nov 20247:00 amRNSInterim Results for six months ended 29 Sept 2024
31st Jul 20245:14 pmRNSChange of registered office address
16th Jul 20243:06 pmRNSResult of AGM
15th Jul 20247:00 amRNSChange of Nominated Adviser and Broker
12th Jun 20247:00 amRNSFinal Results and notice of AGM
1st May 20243:19 pmRNSHolding(s) in Company
1st May 20247:00 amRNSTrading Update
7th Dec 20235:06 pmRNSDirector Dealing
7th Dec 20237:00 amRNSAcquisition
7th Nov 202311:00 amRNSInterim Results for six months ended 29 Sept 2023
5th Oct 20231:01 pmRNSDirector Dealing
8th Sep 20234:25 pmRNSBoard Changes
10th Aug 20234:51 pmRNSHolding(s) in Company
18th Jul 20233:01 pmRNSResult of AGM
19th Jun 20233:03 pmRNSPosting of Annual Report & Notice of AGM
14th Jun 20237:00 amRNSFinal Results and notice of AGM
8th Jun 20231:08 pmRNSForthcoming Board Changes
28th Apr 20237:00 amRNSTrading Update
26th Apr 20237:00 amRNSAcquisition
22nd Mar 202310:59 amRNSBoard Changes
9th Nov 20227:00 amRNSInterim Results for six months ended 29 Sept 2022
5th Sep 202212:20 pmRNSTransaction in Own Shares
19th Jul 20223:18 pmRNSResult of AGM, GM and Trading Update
21st Jun 20223:19 pmRNSPosting of Annual Report and Circular
16th Jun 20227:00 amRNSAnnual Report, AGM Notice & Proposed Share Buyback
14th Feb 20227:00 amRNSDisposal of property
19th Nov 202111:24 amRNSDividend Timetable Correction
18th Nov 20217:00 amRNSChange of Nominated Adviser and Corporate Broker
18th Nov 20217:00 amRNSInterim Results for six months ended 29 Sept 2021
20th Jul 20213:37 pmRNSResults of Annual General Meeting
25th Jun 20213:30 pmRNSAnnual Report and Notice of AGM
18th Jun 20211:22 pmRNSFinal Results Year Ended 25 March 2021
7th Apr 20217:00 amRNSTrading Update
22nd Feb 202110:45 amRNSDisposal
23rd Nov 20207:00 amRNSHalf-year Report
15th Sep 20202:45 pmRNSResults of AGM
5th Aug 202012:00 pmRNSAnnual Report and Notice of AGM
31st Jul 20207:00 amRNSResults, Posting of Annual Report & Notice of AGM
11th Jun 20204:00 pmRNSSecond Interim Dividend & Update on Final Results

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