Ensor Holdings PLC Disposal of Property Holdings
June 02 2015 - 5:32AM
UK Regulatory
TIDMESR
2 June 2015
ENSOR HOLDINGS PLC ("Ensor")
Disposal of Property Holdings
Ensor is pleased to announce the disposal, on 1 June 2015, of its Stockport
land holding for proceeds of GBP1,309,000, payable in cash and representing a
premium to book value of GBP763,000, net of disposal costs. The property was sold
to Bellway Homes Limited, having been previously occupied by a former
subsidiary, SRC Limited, which was sold in January 2014.
This disposal follows the sale, on 1 April 2015, of the Company's tenanted land
holding and waste transfer operation in Woodville, Derbyshire, for proceeds of
GBP1,825,000, payable in cash, representing a premium to book value of GBP80,000,
net of disposal costs. These assets were acquired by Ravensbourn Container
Systems Limited and contributed profits of GBP130,000 to group results in the
year to 31 March 2015.
These asset disposals are pertinent to the recently-announced strategic review.
Enquiries:
Ensor Holdings PLC
Roger Harrison / Marcus Chadwick
0161 945 5953
Westhouse Securities Limited
Robert Finlay
020 7601 6100
END
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