DMD Diamond Life.

0.30

0.00 (0.00%)

Last Updated: 01:00:00

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Diamond Life.	LSE:DMD	London	Ordinary Share	GB0004493028	ORD 0.5P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.30						0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Property Disposal

01/03/2001 9:44am

UK Regulatory

RNS Number:7355Z
Drummond Group PLC
1 March 2001

DRUMMOND GROUP PLC ("the Company")

Announcement to shareholders



SALE OF PROPERTIES



As part of the plan formulated at the time of the rights issue in July last
year and as announced in the Interim Statement to shareholders dated 22
December 2000, the Company, yesterday, completed the sale of both its
Huddersfield and Bradford properties.

The sales, for a combined cash price of #3.1m, have resulted in a loss against
net book value on disposal of #0.4m. The proceeds are to be used in the
reduction of bank borrowing.

Under the terms of the sale, the Company has entered into a 7 year lease
agreement with the purchaser to occupy part of the Bradford site from where it
will continue to trade.

For further information please contact:

Mr Eric Finnie, Chief Executive      Tel: 01274 721 435

END