Disposal

RNS Number : 6712G

M. P. Evans Group PLC

23 November 2015

 



M.P. EVANS GROUP PLC

("The Group")

SALE OF WOODLANDS

The board refers to the announcements made on 15 September 2015, 5 November 2015 and 18 November 2015, regarding the conditional sale of Woodlands, the Group's Australian cattle-fattening property, to the Chinese Fucheng Group for the sum of A$28 million (approximately US$20 million), of which a 10 per cent deposit has been paid.  At the request of the purchaser, settlement was postponed from 18 to 23 November 2015.  Because settlement funds have not yet been transferred from China to Australia, settlement did not take place today and the purchaser has requested a further postponement.  An updated announcement will be made once settlement has taken place.

23 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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