Statement: property disposal

6 Oct 2006 16:30

Caffyns PLC06 October 2006 Caffyns PLC6 October 2006 PROPERTY DISPOSAL Caffyns PLC ('the Company') The Chief Executive indicated in the Company's 2006 Annual Report that planningissues had continued to delay the sale of its site in Hove, Sussex. The sitehad been sold to Berkeley Homes (Southern) Limited ('Berkeley') conditional on obtaining planning permission. The appeal against the planning refusal by thelocal authority has been unsuccessful and the contract with Berkeley hastherefore been terminated, leaving the Company free to offer the site for saleon an unconditional basis. Enquiries: Simon CaffynChief Executive Mark HarrisonFinance Director Telephone: 01323 730201 This information is provided by RNS The company news service from the London Stock Exchange