17th Dec 2012 09:30
17 December 2012
Electronic Data Processing PLC
Disposal of Freehold Property
Electronic Data Processing PLC ("the Company") announces today that is has exchanged contracts and completed the disposal of its surplus freehold office in Bellshill, Scotland to the trustees of the GIK SSAS. The consideration received for the freehold was £450,000 in cash. Costs associated with the disposal are estimated to be £10,000. The net sales proceeds will be added to existing cash resources. As noted in the Company's Preliminary Announcement of its 2012 results on 11 December 2012, the carrying value of the property had been adjusted at 30 September 2012 to reflect the net sales proceeds. The disposal will result in an annual saving of property costs of approximately £35,000.
-ENDS-
Enquiries:
Julian Wassell | James Storey | Toby Mountford |
Chief Executive | Finance Director | Citigate Dewe Rogerson |
0114 262 2010 | 0114 2622010 | 020 7638 9571 / 07710 356611 |
Related Shares:
Electronic Data Processing