LMR Luminar Grp

RNS Number:6990Y
Luminar PLC
21 February 2006

LUMINAR PLC



Update on non core disposal programme



Luminar is pleased to announce that it has recently exchanged contracts on a
further six properties from the non core estate for a consideration of #8.5m.
These have been marketed for sale on an individual basis which is consistent
with Luminar's stated strategy of reducing the non core estate.  In aggregate,
the proceeds received are in excess of book value.



Luminar, prior to this announcement, had already completed disposals of #4.9m of
non core or closed units in the current financial year.



Steve Thomas said:

"We have continued to successfully dispose and create value from our non core
estate and will continue to seek further opportunities to realise value for the
benefit of the shareholders."



                                                                21 February 2006



Enquiries:


Luminar plc                                          Tel: 01908 544100
Stephen Thomas, Chief Executive
Nick Beighton, Finance Director

College Hill                                         Tel: 020 7457 2020
Matthew Smallwood




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

DISEAEAFASAKEFE

Luminar Group (LSE:LMR)
Historical Stock Chart
From Jun 2024 to Jul 2024

Luminar Group (LSE:LMR)
Historical Stock Chart
From Jul 2023 to Jul 2024