24th Aug 2005 07:00
Punch Taverns PLC24 August 2005 Punch Taverns PLC("Punch") Disposal of 45 pubs to Admiral Taverns Punch Taverns PLC announces the sale of 45 pubs to Admiral Taverns (Cygnet)Limited for a total cash consideration of £14.8m. The sale is expected tocomplete in early September. The sale follows the acquisition of Avebury Holdings Limited and a review of theenlarged Punch estate to identify specific areas of local concentration. 24 August 2005 ENQUIRIES: Punch Taverns plc Tel: 01283 501728Giles Thorley, Chief ExecutiveNeil Griffiths, Property & Strategy Director College Hill Tel: 020 7457 2077Justine Warren This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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