Disposal

About this update from Nichols Plc

[{"type":"text","content":"\n Nichols PLC\n03 March 2006\n\n\nDate: Embargoed until 07.00 hrs, Friday 3 March 2006\n\nContacts: John Nichols, Executive Chairman\n Brendan Hynes, Group Finance Director\n Nichols plc\n Telephone: 01925 222222\n Website: www.nicholsplc.co.uk\n\n Alistair Mackinnon-Musson\n Philip Dennis\n Hudson Sandler\n Telephone: 020 7796 4133\n Email: [email protected]\n\n\n\n NICHOLS PLC ('Nichols')\n\n Disposal of Surplus Freehold Property\n\nNichols plc, the soft drinks group, announces the disposal of its surplus\nfreehold property at Golborne near Wigan, Lancashire to Development Securities\n(No 32) Limited, a London based property development company, for £6.125 million\nin cash. This will give rise to a small exceptional profit on disposal in the\ncurrent financial year to 31 December 2006.\n\nThe net proceeds of the disposal moves Nichols into a positive cash position and\nwill provide funds to enable the Group to pursue further opportunities in the\nsoft drinks sector.\n\n\n - ENDS -\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]

More updates from Nichols Plc