Transactions
19 Novembro 2003 - 12:36PM
UK Regulatory
RNS Number:2581S
Blooms of Bressingham Holdings plc
19 November 2003
BLOOMS OF BRESSINGHAM HOLDINGS PLC
19November 2003
SALE OF SMALLER CENTRES
As was announced at the time of the Company's Interim Results in October, the
Board has been in negotiations for the sale of the three remaining smaller
leasehold centres at High Wycombe, Dorney and Elton. The Board is pleased to
announce that the sale has now been completed. The proceeds from the sale are
anticipated at #1. million including stock at valuation and the proceeds are in
line with current balance sheet values, following the provisions that were made
in the Interim accounts. The proceeds from the sale will be reinvested in the
continuing development of the Group's remaining larger centres.
PURCHASE OF CARDIFF FREEHOLD
The Board also wishes to announce that the Company has advised the landlord of
the Cardiff Garden Centre of the Company's intention to exercise its option to
purchase the freehold of the Cardiff Garden centre for #2.5m. The finance for
this purchase was arranged as part of the new 12 year banking facility also
announced with the Interim results. The Cardiff centre has further development
potential and the purchase will be immediately earnings enhancing.
FURTHER DETAILS
Jon Kitching - 01452 887 530
(CEO Blooms of Bressingham Holdings plc)
Mike Sawbridge - 0151 242 0613
(Teather & Greenwood)
This information is provided by RNS
The company news service from the London Stock Exchange
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