Business
Site Disposal
Site Disposal.
About this update from Portmeirion Group Plc
[{"type":"text","content":"\n Portmeirion Group PLC\n12 January 2007\n\n\n\n Portmeirion Group PLC ('Portmeirion' or the 'Group')\n\n\n Site Disposal\n\n\n\nIn its last interim statement Portmeirion referred to a significant freehold\nsite which will be vacated during the first half of 2007 after the new\nwarehouse, which is currently being fitted out, is commissioned.\n\n\nThe Group is pleased to announce that the sale of this freehold site has been\ncompleted today.\n\n\nThe 4.8 acre site, situated in Stoke-on-Trent, together with buildings and\nequipment not required by the Group, was sold for £2,175,000 in cash.\n\n\nThe sale will result in an exceptional gain of approximately £1,700,000.\n\n\nPortmeirion will continue to occupy the site at a peppercorn rent until vacating\nit later in the first half of 2007.\n\n\n\n12th January 2007\n\n\n\n\n\nEnquiries:\n\nArthur Ralley, Chairman 01782 744721\n\nBrett Phillips, Group Finance Director 01782 744721\n\n\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"}]