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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Johnston Press | LSE:JPR | London | Ordinary Share | GB00BRK8Y334 | 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% | 2.745 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMJPR
RNS Number : 7649G
Johnston Press PLC
01 June 2017
1 June 2017
Johnston Press plc
("Johnston Press" or the "Company")
Property Disposal
Johnston Press plc announces that it has signed an agreement for the sale of its freehold property Telegraph House in York Street, Sheffield (the "Sheffield Property") to Toscafield Property 2 Limited (the "Disposal").
The total consideration receivable by the Company on completion of the Disposal is GBP3.6 million in cash, with no deferred element. Completion is expected to take place by 30 June 2017. The proceeds will be retained by the Company for working capital purposes.
The Sheffield Property is currently occupied by some of the Company's sales and editorial staff, who will remain in the building for a short transitional period before moving to new fit-for-purpose premises.
The Sheffield Property has a book value of GBP1.9 million and the Disposal will result in a gain on disposal of GBP1.7 million before fees.
Market abuse regulation
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Johnston Press Ashley Highfield, Chief Executive 020 7612 2601 David King, Chief Finance Officer 020 7612 2602 Powerscourt Juliet Callaghan / John Elliott 0207 250 1446 jp@powerscourt-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISQFLFXDEFLBBD
(END) Dow Jones Newswires
June 01, 2017 02:00 ET (06:00 GMT)
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