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ESR Ensor Hldgs

55.50
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ensor Hldgs LSE:ESR London Ordinary Share GB0003186409 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 55.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ENSOR HOLDINGS PLC - Disposal of OSA Door Parts Limited

12/07/2016 8:48am

PR Newswire (US)


Ensor (LSE:ESR)
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12 July 2016

Ensor Holdings PLC (‘Ensor’ or the ‘Company’)

Disposal of OSA Door Parts Limited (‘OSA’)

Ensor is pleased to announce the sale of the entire issued share capital of OSA Door Parts Limited to Argent Industrial Limited for consideration of £2,500,000.

The consideration is payable in cash on completion. In addition, net cash of £520,000 has been retained by Ensor. The value of assets disposed of is approximately £879,000.

In the year to 31 March 2016, OSA, a manufacturer and distributor of industrial doors and components, recorded turnover of £4,074,000 and an operating profit of £474,000 before group charges.

The sale of OSA represents a significant element of a process to dispose of all of the Company’s activities and return capital to shareholders. No distribution is proposed at present, pending the outcome of negotiations for the sale of the remaining businesses and assets.

Further announcements will be made in due course including the reporting of preliminary results for the year ended 31 March 2016, which is expected to be during the week commencing 18 July 2016.

Enquiries:

Ensor Holdings PLC: Roger Harrison / Marcus Chadwick - 0161 945 5953

Stockdale Securities Ltd: Robert Finlay / Rose Ramsden - 020 7601 6100

Copyright y 12 PR Newswire

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