Disposal

Feedback PLC 16 March 2005 Feedback PLC 16 March 2005 Feedback PLC ('Feedback' or 'the Company') Property Disposal Feedback PLC announces that on 16 March 2005, contracts were exchanged for the sale of its freehold head office in Park Road, Crowborough, East Susex for a cash consideration of £955,000. This compares with their valuation of £490,000 at 31 March 2004, resulting in a surplus of £465,000 before costs and taxation. Completion is scheduled to take place following the grant of planning permission over the freehold premises which the board believe may take between 6 and 12 months. Commenting on the transaction, David Sawyer, Chief Executive, said 'The board has decided to make this strategic move of head office which gives us the opportunity to take advantage of value in our Freehold Property to augment our working capital position'. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Feedback (FDBK)
UK 100

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