Business
Sale of Agricultural Land
Sale of Agricultural Land.
About this update from Harworth Group Plc
[{"type":"text","content":"\n \nRNS Number : 2161J UK Coal PLC 28 June 2011 \n \n\nUK COAL PLC (\"UK Coal\" or the \"Group\")\nSale of Agricultural Land\n \nUK Coal announces that it has exchanged contracts to sell approximately 1,760 acres of agricultural land to C.C. Projects (the Church Commissioners). The consideration is £12.6 million payable in cash on completion. In the event that the land is developed in the medium to longer term, further consideration may become payable. The proceeds will be used to reduce the Group's indebtedness and bank facilities. These land holdings had a book value of £11 million at December 2010 and generated £0.1 million of net rental income in that financial year.\n \nEND\n \nEnquiries:\n \nAnalysts and investors:\nDavid Brocksom Group Finance Director Tel: 01302 755 002\n \nMedia:\nRupert Pittman Cardew Group Tel: 020 7930 0777 \nEmma Crawshaw\nAlexandra Stoneham \n \n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBRGDLUBDBGBR \n ","length":2896,"tagName":"div"}]