BULGIN PLC
2 August 1999
The Company is pleased to announce that on Friday 30 July
1999 it exchanged contracts for the sale of its freehold
property at Broxbourne, Hertfordshire, which was formerly
occupied by Cirkit Distribution Limited (the business of
which was sold on 14 May 1999).
The gross sale price is £550,000, which is payable in
cash. The book value of the property at 31 January 1999
was £412,000. The proceeds, net of a mortgage repayment
of £250,000, will be applied in capital investments
within the Group.
For further information:
Alastair Winter Brain Emerson
Chairman Chief Executive Officer
Bulgin PLC Bulgin PLC
Tel: 0171 256 5666 Tel: 0181 594 5588
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