Update re. property disposal

Panther Securities PLC
20 December 2024
 

20 December 2024

Panther Securities PLC

(the "Company" or the "Group")

Update re. property disposal

 

Further to the Company's announcement on 16 October 2024, Panther Securities PLC announces that the sale of its freehold interest in Westgate House, 26-38 Westgate, Peterborough for a total consideration of £4,000,000 has today completed ("Completion").

At Completion, the Company received £3,000,000 less the £400,000 deposit the Company has already received. The remaining balance of deferred consideration of £1,000,000 is to be paid in two instalments, with the first £500,000 to be paid nine months after Completion; and the final £500,000 to be paid 18 months after Completion.

For further information:

Panther Securities plc:                                                                                   Tel: 01707 667 300

Andrew Perloff / Simon Peters

Allenby Capital Limited (Nomad and Joint Broker)                                     Tel: 020 3328 5656

Alex Brearley / Piers Shimwell

 

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