14th May 2007 12:16
Microgen PLC14 May 2007 14 May 2007 Update on Property Disposal At the Company's Annual General Meeting on 24 April 2007, Microgen announced that it was in negotiation regarding the disposal of one of its long-leasehold properties. This transaction for the sale of 13/14 Angel Gate, London was completed on Friday 11 May 2007. The price realised was £2.1 million. An exceptional profit in the order of £0.4 million is anticipated to be reported from this transaction, after costs associated with the disposal. The funds willbe used to repay the mortgage on this property and for general corporate purposes. Contact: Philip Wood, Group Finance Director 01252 772312 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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