Wynnstay Properties PLC Trading Update (0691V)
04 Abril 2019 - 3:01AM
UK Regulatory
TIDMWSP
RNS Number : 0691V
Wynnstay Properties PLC
04 April 2019
WYNNSTAY PROPERTIES PLC
("Wynnstay" or "the Company")
Trading Update
4 April 2019
Following the Company's financial year-end on 25 March 2019 (the
"Financial Year"), Wynnstay provides a trading update ahead of the
announcement of its audited financial results for the Financial
Year on or around 12 June 2019.
Property Valuation
Wynnstay's independent valuers have revalued the Company's
investment properties as at 25 March 2019 to GBP35,095,000. This
represents an increase of GBP771,000 over the book value as at 25
March 2018 (adjusted for acquisitions and disposals) and equates to
approximately 28 pence per share, before tax.
Basingstoke Property
As regards the possible disposal of its Basingstoke property
announced on 28 August 2018, the nine-month lease and option to
purchase granted to Bolling Investments Limited (the "Tenant"),
from 1 July 2018 expired on 31 March 2019 and has now been extended
on the same terms for a period of six months. The Tenant applied
for planning permission in December 2018 and a decision is
awaited.
This announcement contains inside information for the purpose of
Article 7 of the Market Abuse Regulation (EU) No. 596/2014
Enquiries:
Wynnstay Properties PLC
Toby Parker, Finance Director - 020 7554 8769
Panmure Gordon (UK) Limited, Nominated Adviser and Broker
Alina Vaskina - 020 7886 2500
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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April 04, 2019 02:01 ET (06:01 GMT)
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