ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CNN Caledonian Trust Plc

130.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caledonian Trust Plc LSE:CNN London Ordinary Share GB0001628584 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 130.00 100.00 160.00 130.00 130.00 130.00 693 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 3.05M 718k 0.0609 21.35 15.32M

Caledonian Trust PLC Sale of property and update on loan arrangements (9488M)

03/05/2018 7:00am

UK Regulatory


Caledonian (LSE:CNN)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Caledonian Charts.

TIDMCNN

RNS Number : 9488M

Caledonian Trust PLC

03 May 2018

3 May 2018

Caledonian Trust plc

("Caledonian Trust" or the "Company")

Sale of 43B Brunstane Road South, Edinburgh

Update on Leafrealm loan arrangements

Further to recent announcements made by the Company the Board of Caledonian Trust is pleased to confirm the sale of 43B Brunstane Road South, Edinburgh completed on 27 April 2018 (the "Property"). The Property, a semi-detached house, had been marketed for sale by Knight Frank from mid-November 2017 and had generated significant interest with three offers on the Property being received in December 2017. The Property was sold for gross proceeds of GBP505,000 against the Property's Home Report Value of GBP460,000.

The net proceeds from the sale of the Property provides the Company with additional working capital and in particular will enable the Company to re-invest further monies in certain of Caledonian Trust's development activities.

On 6 April 2018 the Company announced that it had entered into a loan agreement with Leafrealm Limited ("Leafrealm") whereby Leafrealm had agreed to provide an additional loan of GBP100,000 to the Company on the same terms and conditions as the existing loan facility in place between the parties, details of which were announced on 1 July 2016. As at the date of this announcement the Company has drawn down GBP40,000 under this loan arrangement. Following the sale of the Property the Company does not expect to need to draw down further on this loan in the foreseeable future. The aggregate amount that has been advanced by Leafrealm to the Company across various loan arrangements totals GBP4,330,000 as at the date of this announcement.

Enquiries:

 
 
Caledonian Trust plc 
Douglas Lowe, Chairman and Chief Executive Officer  Tel: 0131 220 0416 
Mike Baynham, Finance Director                      Tel: 0131 220 0416 
 
 
Allenby Capital Limited 
 (Nominated Adviser and Broker) 
Nick Athanas                                        Tel: 0203 328 5656 
 Alex Brearley 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISUGUGCAUPRGQP

(END) Dow Jones Newswires

May 03, 2018 02:00 ET (06:00 GMT)

1 Year Caledonian Chart

1 Year Caledonian Chart

1 Month Caledonian Chart

1 Month Caledonian Chart

Your Recent History

Delayed Upgrade Clock