21st Apr 2006 07:00
Pathfinder Properties PLC21 April 2006 FOR IMMEDIATE RELEASE 21 April 2006 PATHFINDER PROPERTIES PLC ("Pathfinder" or the "Company") SALE OF PROPERTY The Directors of Pathfinder are pleased to announce that they have signed anagreement to sell the site at Reiver Quay, Manchester for a total cashconsideration of £17,000,000 plus VAT. Completion of the sale will take place on31 August 2006. Edward Azouz, Chairman commented: "We are delighted to have effected a sale atthis stage, and we consider that we have achieved value for the Company andshareholders. The proceeds will be used to pay down debt and to invest infurther property development opportunities." The Company is continuing with its development plans at its site in Newark. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PFP.L