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BYG Big Yellow Group Plc

1,084.00
18.00 (1.69%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Big Yellow Group Plc LSE:BYG London Ordinary Share GB0002869419 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.00 1.69% 1,084.00 1,082.00 1,088.00 1,092.00 1,060.00 1,060.00 479,921 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Whse & Storage, Nec 188.83M 73.33M 0.3738 29.00 2.13B

Big Yellow Group PLC Disposal (8289Z)

22/05/2019 9:02am

UK Regulatory


Big Yellow (LSE:BYG)
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TIDMBYG

RNS Number : 8289Z

Big Yellow Group PLC

22 May 2019

22 May 2019

Big Yellow Group PLC

("Big Yellow", "the Group" or "the Company")

Disposal

Big Yellow today announces that it has sold the part of the Wyvern Industrial Estate in New Malden, London that it does not occupy for GBP11.8 million.

Big Yellow acquired the entire estate for GBP29 million (including costs) in January 2019, giving security of tenure over our 81,000 sq ft New Malden store, and extinguishing the rental liability. The current net operating income of the Big Yellow store is GBP1.7 million, representing a 10% yield on the net investment of GBP17.2 million.

The proceeds will be used to repay part of the Group's revolving bank facility and will be recycled in due course into growth capital expenditure.

Enquiries:

 
 James Gibson Chief Executive 
  Officer                         01276 477811 
 John Trotman Chief Financial 
  Officer                         01276 477811 
 
 Teneo                           020 7260 2700 
 Ben Foster 
 Matt Denham 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISPGUBAAUPBUMP

(END) Dow Jones Newswires

May 22, 2019 04:02 ET (08:02 GMT)

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