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CIC Conygar Investment Company Plc (the)

77.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Conygar Investment Company Plc (the) LSE:CIC London Ordinary Share GB0033698720 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 77.50 75.00 80.00 77.50 77.50 77.50 1,200 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 14.05M -29.53M -0.4952 -1.57 46.22M

Conygar Investment Company PLC(The) Disposal (9047W)

20/11/2017 7:00am

UK Regulatory


Conygar Investment (LSE:CIC)
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TIDMCIC

RNS Number : 9047W

Conygar Investment Company PLC(The)

20 November 2017

20 November 2017

The Conygar Investment Company PLC

Disposal of M&S Food Hall at Ashby-de-la-Zouch

The Conygar Investment Company PLC ("Conygar" or the "Company") is pleased to announce that it has recently completed the construction of its Marks and Spencer Food Hall investment at Nottingham Road, Ashby-de-la-Zouch and the lease has commenced.

Although it was Conygar's intention to hold the asset for long-term income, the Company simultaneously exchanged and completed the sale of this building for GBP4.35 million on Friday 17 November 2017.

Robert Ware, Chief Executive of Conygar, said: "We are delighted to have been able to take advantage of the strong market we are seeing for regional assets with long-term income streams let to strong covenants. The funds generated by this disposal will be recycled within the group and used elsewhere in our investment and development pipeline."

Enquiries:

The Conygar Investment Company PLC

Robert Ware/Ross McCaskill: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle/Henry Freeman: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 20, 2017 02:00 ET (07:00 GMT)

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