Disposal

RNS Number : 7235E

M. P. Evans Group PLC

05 November 2015

 



M.P. EVANS GROUP PLC

("Group" or "M.P. Evans")

SALE OF WOODLANDS

The board is pleased to announce that, further to the announcement on 15 September 2015 regarding the conditional sale of Woodlands, the Group's Australian cattle-fattening property, for the sum of A$28 million (approximately US$20 million), to the Chinese Fucheng Group, all the conditions have now been satisfied.  Accordingly, settlement of the contract, for cash, is now due to occur by 18 November 2015.

As referred to in the announcement of 15 September 2015, the cattle and the plant and equipment on the property, with a combined value of over A$10 million (approximately US$7 million), are in the course of being sold separately.

5 November 2015

Enquiries:

M.P. Evans Group PLC	Telephone: [phone]
Peter Hadsley-Chaplin
Philip Fletcher
Tristan Price
Peel Hunt LLP	Telephone: [phone]
Dan Webster
Richard Brown
Hudson Sandler	Telephone: [phone]
Charlie Jack
Katie Matthews
Bertie Berger

 

END

 

 

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