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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Energypathways Plc | LSE:EPP | London | Ordinary Share | GB00BM9M0884 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.10 | -4.35% | 2.20 | 2.10 | 2.30 | 2.30 | 2.15 | 2.30 | 724,492 | 10:45:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 0 | -1.86M | -0.0701 | -0.31 | 610.65k |
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RNS Number:8253Z
Eurocity Properties PLC
2 March 2001
2nd March 2001
Eurocity Properties PLC ("Eurocity" or "the Company")
The Board of Eurocity is pleased to announce the acquisition of a feuhold
property with mixed retail and office use at 22 Westburn Street, Greenock,
Scotland, let to Coral Estates Limited with over eleven years remaining on the
lease. The property produces a combined rent and management charge income of #
54,281 per annum, with rent reviews due in May 2001 and May 2006.
The purchase price is #565,000, which has been satisfied as to #440,000 in
cash and the balance by the issue of 250,000 new ordinary shares in Eurocity
at 50p per share. The cash element of the consideration has been financed by a
mortgage of #450,000 from the Nationwide Building Society.
Commenting on the acquisition, Baron Bloom, Managing Director, said: "This
property is an excellent addition to our existing Scottish property portfolio
and should provide an immediate enhancement both to our balance sheet and
profitability."
Enquiries to:
Baron Bloom, Managing Director Tel: 020 7495 7799
Robert Lo/Keith Smith Tel: 020 7710 7400
Nabarro Wells & Co. Limited - Nominated Adviser
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