5 July 2024
Aukett Swanke Group
Plc
("Aukett Swanke",
the "Company," "ASG", or, together with its subsidiaries, the
"Group")
Property Disposal
Update
Aukett Swanke (AIM: AUK), the Architecture and
Smart Buildings Group, is pleased to provide the following
update.
On 24 June 2024, the Group announced that its
subsidiary Torpedo Factory Group Limited ("TFG") had exchanged contracts,
conditional upon a satisfactory valuation, for the sale of The Old
Torpedo Factory in west London at a price of £2.5 million plus VAT.
That valuation has now been received and accordingly the parties
have agreed that exchange is now unconditional. TFG's lawyers hold
a £250,000 deposit on behalf of the buyer pending completion, which
is due to occur in September 2024. Further updates will be provided
as appropriate.
Contacts
Aukett Swanke Group
Plc
+44 (0) 20 7843 3000
Clive Carver,
Chairman
Nick Clark, Chief
Executive
Strand Hanson Limited, Financial and Nominated Adviser
+44 (0) 20 7409 3494
Richard Johnson, James
Bellman
Zeus Capital Limited,
Broker
+44 (0) 20 3829 5000
Simon Johnson, Louisa
Waddell
Investor/Media
+ 44 (0) 7979 604 687
Chris Steele
About Aukett Swanke Group plc
Aukett Swanke Group has a strong
foundation in architectural services and is on a transformative
journey to become a London-listed provider of Smart Buildings and
related services. ASG are uniquely positioned to ensure the
technical systems that run modern premises are designed as an
integral part of the structure, from the outset.
For more information go to
https://www.aukettswankeplc.com
The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019.