Public Service Properties Inv Ltd Strategic Review Update (8227K)
05 Janeiro 2016 - 5:41AM
UK Regulatory
TIDMPSPI
RNS Number : 8227K
Public Service Properties Inv Ltd
05 January 2016
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
GBP34.5 million including GBP2.5 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 Ben Mingay Tom Griffiths
Ralph Beney Sylvester Oppong Henry Willcocks
RP&C International Smith Square Partners Stockdale Securities
(Asset Manager) (Financial Adviser) (Nomad and Broker)
020 7766 7000 0203 696 7260 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
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January 05, 2016 02:41 ET (07:41 GMT)
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