Update on land at Blackheath

 

TIDMDSN 
 
RNS Number : 0477W 
Densitron Technologies PLC 
11 November 2010 
 

 
                           Densitron Technologies plc 
                          Update on land at Blackheath 
 
Densitron Technologies plc ("Densitron" or the "Group") announces that the 
planning application it submitted for the land it owns at Blackheath has been 
refused. 
 
The refusal was expected as the application was against the current local 
authority policy.  However, the Group always considered that obtaining 
permission would be a drawn-out process and that the initial application was the 
first part of that process.  Densitron has several options of how to proceed and 
will now consider which approach is the most appropriate to give the best 
opportunity to obtain planning permission in the future.  Densitron continues to 
value the Blackheath land at GBP50,000 in its books. 
 
The Board will advise shareholders when there are further developments on this 
matter. 
 
The Group continues to maintain approximately GBP4.5m in cash, representing 
approximately 6.5p per share and is considering its options on how best to 
utilise these funds. 
 
 
Enquiries: 
 
+------------------------------+------------------------------+ 
| Densitron                    | Westhouse Securities         | 
| Grahame Falconer / Tim       | Tim Metcalfe / Martin        | 
| Pearson                      | Davison                      | 
| Tel: [phone]           | Tel: [phone]           | 
|                              |                              | 
+------------------------------+------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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