27th Mar 2007 15:46
Wynnstay Properties PLC27 March 2007 27 March 2007 Wynnstay Properties PLC ("the Company") Trading Update Wynnstay Properties PLC is pleased to announce that the Company anticipates avery satisfactory outcome for the year ended 25 March 2007. During the year, the Company disposed of the property at Kilmuir House, Epsom,Surrey resulting in a net surplus over book value of approximately £948,000. The Company's Independent Valuers have revalued the Company's investmentproperties at 25 March 2007 in the total sum of £21,515,000, representing alike-for-like increase of £2,595,000 or 13.7% over their total correspondingvalue one year earlier. Taking account of the above factors, the underlying net asset value of theCompany's shares as at 25 March 2007 is expected to show a substantial increasecompared with the value of 432 pence per share reported at 25 March 2006. The Company's final results will be announced on or about 19 June 2007 and theAnnual Report & Financial Statements will be posted to Shareholders at the endof that month. Enquiries: Peter Kirkland, Finance Director Wynnstay Properties plc - 020 7626 3057 Rick Thompson, Charles Stanley Securities - 020 7149 6000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Wynnstay Props.