Swallowfield PLC
5 May 2000
Swallowfield plc, the manufacturer of fine quality household goods, toiletries
and cosmetics, announces that on Friday 5 May 2000 it signed a binding
agreement to sell its vacated factory in Brussels to a third party. The sale
is expected to conclude by the middle of June. The net sale proceeds of
BFr 60,140,000 in cash (approximately £850,000) will initially be used to
reduce net debt.
The building (net of sale costs) was valued in the 1999 annual accounts at
BFr 47,109,000 (approximately £728,000).