Disposal
July 21 2004 - 8:44AM
UK Regulatory
RNS Number:0787B
RAM Investment Group PLC
21 July 2004
21 July 2004
RAM INVESTMENT GROUP PLC
("RAM" or "the Company")
RAM COMPLETES SALE OF SCOTTISH LEISURE PARK
RAM Investment Group, the AIM listed leisure investment company, today announces
that its wholly owned subsidiary Fullwork Limited ("Fullwork") has completed the
sale of its contract for the Stack Leisure Park ("Stack") in Lochee, Dundee to
Pacific Shelf 1254 Limited for a total of #8,150,000.
RAM has made a profit before costs of #1,045,000 on the transaction and
anticipates profits after costs, but before provision for taxation, of
approximately #500,000.
The completion has occurred in advance of the previously expected date of 2
August 2004.
The RAM management team will now focus on delivering results from the
opportunities currently being considered.
- ends -
For further information please contact:
Edward Adams, Chairman, Magnum Power plc 07967 008448
Rod Venables/Roland Cornish, Beaumont Cornish Limited 020 7628 3396
James Chandler, Beattie Financial 020 7398 3300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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