6th Jun 2007 13:13
Conygar Investment Company PLC(The)06 June 2007 6 June 2007 THE CONYGAR INVESTMENT COMPANY PLC COMPLETION OF DISPOSAL The directors of The Conygar Investment Company PLC ("Conygar") are pleased toannounce that on 29 May 2007, Conygar completed the disposal of 43/45 BedfordSquare, London WC1 for £18 million in cash. The property has a book value of£16.76 million and the disposal will realise a gross profit of approximately£1.24 million of which our share is £0.93 million. The property has a rentalincome of approximately £0.9 million per annum and has been owned by Conygarsince May 2006. The proceeds from this disposal have been utilised in prepaying all of theremaining bank debt with the balance available for funding future developmentprojects and acquisitions. For further information please contact: The Conygar Investment Company PLCRobert Ware 020 7408 2322Steven Vaughan 020 7408 2322 The directors of Conygar accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the directors ofConygar (who have taken all reasonable care to ensure that such is the case) theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Conygar Inv