Disposal

28 Oct 2005 16:04

Pittards PLC28 October 2005 Pittards plc is pleased to announce completion of the sale of its former factorysite at Kinghorn, Fife, for a price of £3.15m. Conditional contracts wereexchanged in December 2004 with completion conditional upon receipt of anoutline planning consent satisfactory to the purchaser. The site, which is approximately 25 acres in area, has a book value of £0.9m.Outline planning consent for residential development on approximately 10 acresof the site was granted in July 2005. Net sale proceeds will be applied to the reduction of borrowings. This information is provided by RNS The company news service from the London Stock Exchange