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LGM Longmead Grp.

7.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Longmead Grp. LSE:LGM London Ordinary Share GB0002249075 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% 7.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Disposal

20/01/2004 11:59am

UK Regulatory


    Longmead Group plc ("Longmead" or "the Company")

Sale of Building

In  July 2003, the Company announced a series of restructuring measures to be implemented in light
of  the changing market place for its products, including the transfer of warehousing to the  main
factory premises thereby releasing the existing warehousing building for sale.

Longmead  announces the completion of the sale of its warehouse premises, on 19 January 2004,  for
£850,000  before  expenses.   The  sale price compares with the current  balance  sheet  value  of
£480,000.

The proceeds of the disposal will be used to reduce bank borrowings and provide additional working
capital.


20 January 2004



								
The Longmead Group PLC



								

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