Acquisition of Property

RNS Number : 9841M

Caffyns PLC

19 October 2016

 

Caffyns PLC

Acquisition of Property

19 October 2016

Caffyns plc (the "Company") announces that it has acquired a parcel of land, approximately 2.1 acres, in Ashford, Kent (the "Land"). Total consideration for the Land is £1.125 million in cash which will be satisfied from the Company's existing bank facilities.

The Land adjoins the Company's current operations in Ashford and is intended to be used to further expand its existing used car operation, Caffyns Cars.

 
  
Enquiries: 
Simon Caffyn, Chief Executive 

Mike Warren, Finance Director 

Telephone:  [phone]

 

END

 

 

ACQLLFESIRLALIR