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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Grampian | LSE:GRMP | London | Ordinary Share | GB00B6WZ0930 | 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% | 470.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1237P Grampian Hldgs PLC 21 December 2001 21 December, 2001 GRAMPIAN HOLDINGS P.L.C. PROPERTY DISPOSAL Grampian Holdings p.l.c. ("Grampian") announces that it has completed the sale of the remaining properties owned by Grampian (the "Property Disposal") and occupied by The Edinburgh Woollen Mill Limited ("EWM") to Racepool Limited for #12.92 million in cash. Grampian announced its intention to dispose of these properties separately from its disposal of EWM on 28 June, 2001, at the same time as it announced the proposed disposal by Grampian of EWM (the "EWM Disposal") for a cash consideration of #49 million. Completion of the EWM Disposal was announced on 25 July, 2001. Under the terms of the leases with EWM, the properties, totalling 22 in number, had annual gross rental income of approximately #1.2 million. The net book value of these properties as at 3 August, 2001 was approximately #7.5 million. Total proceeds realised from the sale of properties by Grampian this year (which include #280,000 from a property disposal by Grampian to EWM at the time of the EWM Disposal) are approximately #13.2 million. The total proceeds from both the disposal of these retail properties by Grampian this year and the EWM Disposal amount to approximately #62 million. As stated in Grampian's circular to shareholders dated 6 July, 2001, it is the intention of the Board of Grampian, subject to the necessary Court and shareholder approvals, to return approximately #45 million of the total proceeds to shareholders. Now that the Property Disposal has been completed, Grampian will announce further details today. Enquiries: Grampian David McGibbon 0141 357 2000 Deutsche Bank Jeremy Lucas 020 7545 8000 Cazenove Malcolm Moir 020 7588 2828 Holborn Public Relations David Bick 020 7929 5599 Media House Tom Cassidy 0141 226 3700 Deutsche Bank, which is regulated in the United Kingdom for the conduct of designated investment business by the Financial Services Authority, is acting for Grampian and no one else in connection with the Property Disposal and will not be responsible to anyone other than Grampian for providing the protections afforded to customers of Deutsche Bank or for providing advice in relation to the Property Disposal.
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