Analyst Site Visit and Sale of Surplus Land

RNS Number : 5154S

Ibstock PLC

26 June 2018

 

26 June 2018

Ibstock plc

Analyst Site Visit and Sale of Surplus Land

Site Visit

Ibstock plc ('Ibstock' or the 'Group'), a leading manufacturer of clay bricks and concrete products with operations in the United Kingdom and the United States, is hosting a site visit for analysts and investors today to its new brick factory at the Group's manufacturing site at Ibstock, Leicestershire.

The event will focus on Ibstock Brick's UK manufacturing operations and will include a tour of the new factory. No material new information will be disclosed.

Sale of Surplus Land

Ibstock is also pleased to announce that it has entered into an unconditional contract for the sale of a former quarry near Bristol, England, for a consideration of £9.3 million in cash. The consideration is payable in full on completion, which is expected to be 31 August 2018, and it is anticipated that the sale will generate a reported pre-tax profit on disposal of c. £6 million.

Enquiries:

Citigate Dewe Rogerson	020 7638 9571
Kevin Smith
Nick Hayns

Notes to Editors:

Ibstock plc is a leading manufacturer of clay bricks with a diversified range of clay and concrete products, and operations in the United Kingdom and the United States.  Its principal products are clay bricks, brick components, concrete roof tiles, concrete substitutes for stone masonry, concrete fencing and general concrete building products.

 

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