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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Equable Prop | LSE:EQU | London | Ordinary Share | GB00B1PJFT25 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1693F Equable Properties PLC 04 October 2007 For Immediate Release 4 October 2007 Equable Properties plc ('Equable' or 'the Company') Acquisition of property at 270 Manchester Street, Oldham The Board of Equable is pleased to announce the acquisition from Tramp Properties Limited, a company whose share capital is owned as to 19% by Desmond Bloom's family interests, of a long leasehold property comprising a restaurant at 270 Manchester Street, Oldham, producing a net rental income of #41,725 per annum. The property is let on a full repairing and insuring lease subject to five yearly upward only rent reviews to Mr. J. Tate and Mr. A. Garlick. The lease expires in 2020. The rent is due for review in 2009. The purchase price is #675,000, of which #520,000 is payable in cash and the balance of #155,000 by the issue of 5,000,000 new Ordinary Shares of 1p each at 3.1p per share. The cash consideration has been partly financed by a mortgage of #460,000 from the Nationwide Building Society and partly from the Company's own cash resources. Application has been made for the consideration shares to be admitted to trading on AIM and it is expected that trading in such shares on AIM will commence on 10 October 2007. For further information: Desmond Bloom Equable Properties plc 07793 125 625 Nominated Adviser Robert Lo/Marc Cramsie Nabarro Wells & Co. Limited 020 7710 7400 This information is provided by RNS The company news service from the London Stock Exchange END ACQEALELESDXFFE
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