Business
Sale of Property
Sale of Property.
About this update from Rome Resources Plc
[{"type":"text","content":"\n Pathfinder Properties PLC\n21 April 2006\n\n\n\n\nFOR IMMEDIATE RELEASE 21 April 2006\n\n\n\n PATHFINDER PROPERTIES PLC ('Pathfinder' or the 'Company')\n\n\n SALE OF PROPERTY\n\n\nThe Directors of Pathfinder are pleased to announce that they have signed an\nagreement to sell the site at Reiver Quay, Manchester for a total cash\nconsideration of £17,000,000 plus VAT. Completion of the sale will take place on\n31 August 2006.\n\n\nEdward Azouz, Chairman commented: 'We are delighted to have effected a sale at\nthis stage, and we consider that we have achieved value for the Company and\nshareholders. The proceeds will be used to pay down debt and to invest in\nfurther property development opportunities.'\n\n\nThe Company is continuing with its development plans at its site in Newark.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1038,"tagName":"div"}]