12th Feb 2015 09:25
LONDON (Alliance News) - Deltex Medical Group PLC Thursday said it has renewed the lease on its manufacturing facility in West Sussex.
The new 12 year lease for the company's manufacturing facility and offices, based in Chichester, is costing between GBP75,000 and GBP100,000 in rent per year.
"In order to allow us to focus our resources on growing our US business, we have taken the opportunity to stay in our existing premises. As a result we will avoid the disruption and GBP0.1 million costs of a facility move as well as the GBP0.3 million capital cost of building a new cleanroom and decommissioning the current one," said Chief Executive Ewan Phillips in a statement.
The company's shares were untraded Thursday morning. The shares last traded at 3.61 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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