Acquisition

RNS Number : 4590S

Safeland PLC

19 May 2009

 



19th May 2009

Safeland Plc ('Safeland'or the 'Company')

Acquisition

The Company announce that together with funds managed by Electra Partners ('Electra') it has acquired the interests of The Babcock & Brown Managed Workspace Unit Trust ('BnB') in Safeland Active Management Unit Trust ('SAM'), a managed work space fund, whose assets comprise properties which were acquired for an aggregate of £60m between December 2006 and March 2008. 

The total consideration was £500,000 and Safeland and Electra bought 50% each. Following the acquisition Safeland's interest in SAM is approximately 40 per cent. with Electra holding the remaining units.

Contacts:

Paul Davis, Finance Director, Safeland Plc:	0208 815 1600
John Prior/Tom Griffiths, Arbuthnot Securities:	0207 012 2000

 

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