Caffyns PLC
04 January 2007
CAFFYNS PLC
4 January 2007
PROPERTY DISPOSAL
Caffyns PLC ("the Company") announces that the contract for the sale of its
vacant freehold site at East Street, Hythe, Kent to Churchill Retirement Living
Limited has now become unconditional and the consideration of £1.47 million has
been received.
The book value of the property is £786,000 and the surplus on the sale, net of
disposal costs, is £639,000.
The proceeds will be applied in reducing the Company's borrowings.
Enquiries:
Simon Caffyn
Chief Executive
Mark Harrison
Finance Director
Telephone: 01323 730201
This information is provided by RNS
The company news service from the London Stock Exchange
04 January 2007
CAFFYNS PLC
4 January 2007
PROPERTY DISPOSAL
Caffyns PLC ("the Company") announces that the contract for the sale of its
vacant freehold site at East Street, Hythe, Kent to Churchill Retirement Living
Limited has now become unconditional and the consideration of £1.47 million has
been received.
The book value of the property is £786,000 and the surplus on the sale, net of
disposal costs, is £639,000.
The proceeds will be applied in reducing the Company's borrowings.
Enquiries:
Simon Caffyn
Chief Executive
Mark Harrison
Finance Director
Telephone: 01323 730201
This information is provided by RNS
The company news service from the London Stock Exchange
