18th Feb 2011 13:17
RNS Number : 5069B
Caffyns PLC
18 February 2011
PROPERTY DISPOSAL
Caffyns plc ("the Company") announces that it has today exchanged contracts with Ability Contractors Limited for the sale of its vacant freehold site at East Grinstead for £1.0 million. The gain on sale will be approximately £160,000. The consideration is payable in cash on 28 March 2011.
The proceeds will be applied in reducing the Company's borrowings.
18 February 2011
Enquiries:
Simon Caffyn
Chief Executive
Mark Harrison
Finance Director
Telephone: 01323 730201
This information is provided by RNS
The company news service from the London Stock Exchange
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