5th Jan 2016 07:41
5 January 2016
Public Service Properties Investments Limited
(the "Company")
Strategic Review Update
On 4 March 2015 the Company announced that the sale of its UK companies, businesses and assets to the Embrace Group Limited ("Embrace") had completed on a cash free, debt free basis for £34.5 million including £2.5 million (the "Deferred Consideration") to be paid in cash by 31 December 2015 subject to certain conditions. On 30 April 2015 the Company announced that all conditions in respect of the Deferred Consideration had been satisfied.
The Company confirms receipt of the Deferred Consideration on 31 December 2015.
The Company continues to test the market for the four remaining investment properties located in Germany and will make further announcements as appropriate.
For further information please visit www.pspiltd.com or call:
Dr. D. Srinivas Ralph Beney
RP&C International (Asset Manager) 020 7766 7000 |
Ben Mingay Sylvester Oppong
Smith Square Partners (Financial Adviser) 0203 696 7260 |
Tom Griffiths Henry Willcocks
Stockdale Securities (Nomad and Broker) 020 7601 6100 |
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Related Shares:
PSPI.L