Strategic Land Update

RNS Number : 7915R

MJ Gleeson PLC

01 July 2015

 

1 July 2015

MJ GLEESON PLC

GLEESON STRATEGIC LAND - UPDATE

MJ Gleeson plc (GLE.L) has unconditionally exchanged on the sale of an 18 acre site in Staffordshire, which has planning permission for the development of 140 homes. 

Whilst completion will occur in the next financial year, there are no conditions to satisfy prior to completion and, accordingly, the sale will be recognised in the current financial year ending 30 June 2015.

The Board now expects the results for the financial year to be ahead of its expectations at the time of its last announcement on 22 June.

A trading update for the year to 30 June 2015 will be issued on Friday 3 July.

Enquiries:

MJ Gleeson plc		Tel: [phone]
Jolyon Harrison	Chief Executive Officer
Alan Martin	Chief Financial Officer
Instinctif		Tel: [phone]
Mark Garraway
Helen Tarbet
James Gray

Notes to Editors

MJ Gleeson plc operates in the house building sector through the following business units; Gleeson Homes, which focuses on estate regeneration and housing development on brownfield land in the North of England; and Gleeson Strategic Land, which purchases options over land in the South of England with the objective of enhancing the value of the site concerned by securing residential planning permission.

 

END

 

 

MSCEFLBBEDFFBBQ