Business
Property Disposal
Property Disposal.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n Pennant International Group PLC\n23 February 2006\n\n\n\nFor Immediate Release 23 February 2006\n\n Pennant International Group plc (the 'Company')\n\n Conditional sale of Southampton property\n\n\nThe Company today announces that it has exchanged contracts for the conditional\nsale of the Company's Southampton property. The property that is no longer\nsuitable for the Company's requirements has a book value of £372,500.\n\n\nThe sale is conditional upon the purchaser being able to obtain satisfactory\nplanning permission within 9 months of the date of exchange.\n\n\nThe agreed sale price is £721,000, in cash, increased by £26,000 for each unit\nof residential accommodation for which planning is granted in excess of 22\nunits.\n\n\nOn completion, the business currently carried out from these premises will be\ntransferred to more suitable rented accommodation.\n\n\nAn update will be provided in due course.\n\n\nEnquiries:\n\nPennant International Group plc\nJohn Waller, Finance Director.\nTel: 01452 714881\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1293,"tagName":"div"}]