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4th Sep 2010
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

 

Note 1 Company names will not be displayed for announcements relating to international companies.

Caffyns