20th Apr 2022 18:25
Motorpoint Group PLC - Derby, England-based vehicle retailer - Completes the sale and leaseback of its freehold branch in Stockton on Tees, for total GBP5.0 million. Simultaneously, the company enters into a 25-year lease at an initial rent of GBP350,000 a year. Adds it has reached an agreement with its lenders to increase its available stocking facility by GBP30 million to GBP195 million.
Chief Executive Mark Carpenter says: "Both transactions provide further firepower for us to invest in future growth strategies across multiple initiatives in line with our strategy."
Current stock price: 260.40 pence
12-month change: up 2.1%
By Heather Rydings; [email protected]
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