Wynnstay Properties PLC
27 March 2007
27 March 2007
Wynnstay Properties PLC ('the Company')
Trading Update
Wynnstay Properties PLC is pleased to announce that the Company anticipates a
very satisfactory outcome for the year ended 25 March 2007.
During the year, the Company disposed of the property at Kilmuir House, Epsom,
Surrey resulting in a net surplus over book value of approximately £948,000.
The Company's Independent Valuers have revalued the Company's investment
properties at 25 March 2007 in the total sum of £21,515,000, representing a
like-for-like increase of £2,595,000 or 13.7% over their total corresponding
value one year earlier.
Taking account of the above factors, the underlying net asset value of the
Company's shares as at 25 March 2007 is expected to show a substantial increase
compared with the value of 432 pence per share reported at 25 March 2006.
The Company's final results will be announced on or about 19 June 2007 and the
Annual Report & Financial Statements will be posted to Shareholders at the end
of that month.
Enquiries:
Peter Kirkland, Finance Director Wynnstay Properties plc - 020 7626 3057
Rick Thompson, Charles Stanley Securities - 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
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