Alpha Pyrenees Trust Limited Sale of Warehouse in Zaragoza, Spain (8993S)
December 29 2016 - 2:00AM
UK Regulatory
TIDMALPH
RNS Number : 8993S
Alpha Pyrenees Trust Limited
29 December 2016
29 DECEMBER 2016
ALPHA PYRENEES TRUST LIMITED
("ALPHA PYRENEES" OR THE "TRUST")
ALPHA PYRENEES SELLS VACANT WAREHOUSE IN ZARAGOZA, SPAIN
Alpha Pyrenees has sold a vacant warehouse located in Zaragoza,
Spain for EUR370,000. The property is approximately 2,590 square
metres and is located on an established industrial estate.
The purchaser is a private Spanish engineering company.
The sale forms part of the orderly realisation process supported
by the Trust's lender, Barclays Bank PLC ("Barclays"), and the net
proceeds from this sale will be used to reduce the Trust's bank
borrowings. As the Board has previously stated, the sales process
will not result in any return to ordinary shareholders after
repayment of the Trust's bank borrowings has taken place, to the
extent that this is possible.
The Trust will provide further updates in due course.
For further information:
Serena Tremlett, Chairman, Alpha Pyrenees Trust Limited 01481 231100
Paul Cable, Fund Manager, Alpha Real Capital LLP 020 7391 4700
For more information on the Trust, please visit
www.alphapyreneestrust.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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