Viridas PLC
28 September 2007
RELEASED ON BEHALF OF
VIRIDAS PLC (AIM: VIR)
28 September 2007
VIRIDAS TO SELL SKELMERSDALE PROPERTY
The board of Viridas Plc ('Viridas' or 'the Group') announces it has exchanged
contracts to dispose of the Group's warehouse premises at Skelmersdale,
Lancashire for £500,000. Completion is expected to take place at the end of
October. The freehold warehouse was used to house the Group's now discontinued
NinaSun garden furniture business.
The consideration will be settled in cash in full at completion. Viridas will
realise a book profit of £59,568 on disposal of the property. After repayment
of the outstanding mortgage over the property, the net proceeds of £200,000 will
be used to provide additional working capital and to fund the further
development of the Group's Jatropha biodiesel project in Brazil.
For information:
Viridas Plc Tel: 01132 235 0632
www.viridas.com
Stanley Wootliff
Executive Chairman
Evolution Securities Limited Tel: 0113 243 1619
Joanne Lake
City of London PR Limited Tel: 020 7628 5518
John Greenhalgh
Ron Marshman
This information is provided by RNS
The company news service from the London Stock Exchange