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Receipt of Final Payment on Kingswood Sale

2nd May 2017 09:11

RNS Number : 8645D
Energiser Investments PLC
02 May 2017
 

 

 2 May 2017

 

Energiser Investments plc 

('Energiser', the 'Company' or 'the Group')

Receipt of Final Payment on Kingswood Sale

Energiser Investments plc is pleased to confirm that, further to its announcement of 20 April 2017, a payment of £678,233 has been received following the sale of the final unit at the Kingswood Park property development. A further balance of £7,350 is expected to be received in due course subject to any outstanding costs relating to the final unit. The funds have been used to repay £675,000 of the outstanding loan from Drayton Garden Village Limited to the Group. The receipt of these funds has further strengthened the balance sheet of the Group as it negotiates its next investment.

Energiser is negotiating terms on two potential investments in the serviced-apartment and self-storage sectors and will provide an update in due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further enquiries please visit www.energiserinvestments.co.uk or contact:

 

Energiser Investments Plc

01494 762450

Dominic White, Chief Executive

Nishith Malde, Director

Cairn Financial Advisers LLP

020 7213 0880

Jo Turner

Sandy Jamieson

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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