Latham(James) PLC
06 April 2005
James Latham plc
Clapton Site Sale
The Directors are pleased to announce that, as part of the agreement with
Countryside Properties plc, reported on 10 December 2004, the Company has
received an additional £1.5m due to a further condition of sale being met.
Corporation tax of 30%, which may be mitigated by rollover relief, will be due
on the proceeds.
The balance will be used to reduce the Company's overdraft and strengthen the
Company's balance sheet to enable it to take advantage of future opportunities.
Roger Latham
Executive Chairman
01442 849121
Barrie Newton
Rowan Dartington
Corporate Brokers
0117 933 0011
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