23rd Nov 2015 16:09
M.P. EVANS GROUP PLC
("The Group")
SALE OF WOODLANDS
The board refers to the announcements made on 15 September 2015, 5 November 2015 and 18 November 2015, regarding the conditional sale of Woodlands, the Group's Australian cattle-fattening property, to the Chinese Fucheng Group for the sum of A$28 million (approximately US$20 million), of which a 10 per cent deposit has been paid. At the request of the purchaser, settlement was postponed from 18 to 23 November 2015. Because settlement funds have not yet been transferred from China to Australia, settlement did not take place today and the purchaser has requested a further postponement. An updated announcement will be made once settlement has taken place.
23 November 2015
Enquiries:
M.P. Evans Group PLC | Telephone: 01892 516333 |
Peter Hadsley-Chaplin | |
Philip Fletcher | |
Tristan Price | |
Peel Hunt LLP | Telephone: 020 7418 8900 |
Dan Webster | |
Richard Brown | |
Hudson Sandler | Telephone: 020 7796 4133 |
Charlie Jack | |
Katie Matthews | |
Bertie Berger |
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