Disposal

RNS Number : 5069B

Caffyns PLC

18 February 2011

 



PROPERTY DISPOSAL

Caffyns plc ("the Company") announces that it has today exchanged contracts with Ability Contractors Limited for the sale of its vacant freehold site at East Grinstead for £1.0 million. The gain on sale will be approximately £160,000. The consideration is payable in cash on 28 March 2011.

The proceeds will be applied in reducing the Company's borrowings.

18 February 2011

Enquiries:

Simon Caffyn

Chief Executive

Mark Harrison

Finance Director

Telephone:  [phone]

 

END

 

 

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