Newmark Security PLC Sale and leaseback of business premises in Poole (8108N)
August 11 2017 - 8:43AM
UK Regulatory
TIDMNWT
RNS Number : 8108N
Newmark Security PLC
11 August 2017
11 August 2017
Newmark Security PLC
("Newmark", the "Company" or the "Group")
Sale and leaseback of business premises in Poole
Newmark Security plc (AIM: NWT), a leading provider of
electronic and physical security systems, announces that further to
its announcement of 10 May 2017 regarding the acquisition of new
business premises in Poole, Dorset, for the Company's electronic
division Grosvenor Technology, it has exchanged contracts for a
sale and leaseback arrangement for the same property.
The property was sold for GBP1.525 million and will result in
the Company realising GBP360,000 after costs involved in the
acquisition, refurbishment and subsequent disposal and repayment of
the bank loan used to purchase the property. The lease arrangement
is for a period of 15 years with stipulated increases to the annual
rental rate at the five and ten year anniversaries of the
commencement of the lease contract. The sale and leaseback
arrangements are expected to be completed in the coming weeks.
For further information:
Newmark Security plc Tel: +44 (0)
Marie-Claire Dwek, Chief Executive 20 7355 0070
Officer www.newmarksecurity.com
Brian Beecraft, Group Finance
Director
Allenby Capital Limited Tel: +44 (0)
(Nominated Adviser and Broker) 20 3328 5656
Jeremy Porter / James Reeve /
Liz Kirchner
Yellow Jersey PR Limited Tel: +44 (0)
Felicity Winkles / Joseph Burgess 7768 537 739
/ Dominic Barretto
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUGCRUPMGPG
(END) Dow Jones Newswires
August 11, 2017 08:43 ET (12:43 GMT)
Newmark Security (LSE:NWT)
Historical Stock Chart
From Apr 2024 to May 2024
Newmark Security (LSE:NWT)
Historical Stock Chart
From May 2023 to May 2024