Disposal of Properties

RNS Number : 0128J

Off-Plan Fund Limited (The)

23 March 2010

 



23 March 2010

THE OFF-PLAN FUND LIMITED

(the "Fund")

Completion of Disposal of Properties at  Wimbledon House, Leicester

Further to its announcement on 23 February 2010, the Fund is pleased to announce that it has today completed the sale of its entire holding of units, comprising six two-bedroom flats, at Wimbledon House, Leicester. The total cash consideration received was £430,500.

Further to the announcement made by the Fund on 26 October 2009 and the approval, by Members, at a general meeting held on 4 December 2009 of the proposals to commence the orderly winding down of the activities of the Fund, the Directors confirm that they will provide Members with details of the quantum and timing of further share redemptions or other forms of distributions at the time of the announcement of its annual results for the year ended 30 September 2009 which are expected to be released shortly.

List of Contacts:

Development Capital Management

Andy Gardiner

Tom Pridmore

020 7355 7600

Merchant John East Securities Limited

(Nominated Adviser)

Bidhi Bhoma/Simon Clements

020 7628 2200

 

END

 

 

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