Unlisted Investment

15 Nov 2005 17:34

Heavitree Brewery PLC15 November 2005 The Heavitree Brewery PLCTrood LaneMatfordExeterDevon EX2 8YP Contact: Mr G J Crocker - Director and Company SecretaryTelephone: 01392 217733Date: 15 November 2005 Unlisted Investment - George Gale and Company Limited The Company announces that it holds 23,000 Ordinary Shares, representing 2.3% ofthe respective issued share capital, in George Gale and Company Limited which iscurrently the subject of a recommended cash offer from Fuller Smith & TurnerP.L.C. On the basis that Heavitree accepts the offer and that the offer isdeclared unconditional, Heavitree would realise a profit of around £800,000 onits investment, the net proceeds of which will be applied in reducing theCompany's bank borrowings. Ends. This information is provided by RNS The company news service from the London Stock Exchange