Business
Re Agreement
Re Agreement.
About this update from Tooru Plc
[{"type":"text","content":"\n Viridas PLC\n28 September 2007\n\nRELEASED ON BEHALF OF\nVIRIDAS PLC (AIM: VIR)\n\n\n 28 September 2007\n\n\n VIRIDAS TO SELL SKELMERSDALE PROPERTY\n\n\n\nThe board of Viridas Plc ('Viridas' or 'the Group') announces it has exchanged\ncontracts to dispose of the Group's warehouse premises at Skelmersdale,\nLancashire for £500,000. Completion is expected to take place at the end of\nOctober. The freehold warehouse was used to house the Group's now discontinued\nNinaSun garden furniture business.\n\n\nThe consideration will be settled in cash in full at completion. Viridas will\nrealise a book profit of £59,568 on disposal of the property. After repayment\nof the outstanding mortgage over the property, the net proceeds of £200,000 will\nbe used to provide additional working capital and to fund the further\ndevelopment of the Group's Jatropha biodiesel project in Brazil.\n\n\n\n\n\nFor information:\n\n\nViridas Plc Tel: 01132 235 0632\n www.viridas.com\nStanley Wootliff\nExecutive Chairman\n\nEvolution Securities Limited Tel: 0113 243 1619\nJoanne Lake\n\nCity of London PR Limited Tel: 020 7628 5518\nJohn Greenhalgh\nRon Marshman\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]