24th Jan 2014 08:19
LONDON (Alliance News) - Assura Group Ltd Friday said it has now sold four of the investments in seven Local Improvement Finance Trusts that it had said it wanted to sell back in November.
The primary care property investor said it made gross proceeds of GBP13.3 million on the sale of the four investments, representing an uplift over the September book value of GBP7.9 million after costs, equivalent to 1.5 pence per share.
It said the sale of its interests in the other three LIFT schemes is on track to complete before the end of the financial year for GBP9.1 million gross. It said it will add a further GBP2.7 million after costs to its net assets, equivalent to 0.5 pence per share.
Assura Group shares last traded at 39.5 pence a share.
By Steve McGrath; [email protected]; @SteveMcGrath1
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