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JDR Jourdan

200.00
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jourdan LSE:JDR London Ordinary Share GB00B0STXK93 ORD GBP1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 200.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sale of Property

03/01/2008 11:36am

UK Regulatory


RNS Number:0068L
Jourdan PLC
03 January 2008



                                  Jourdan plc
                          ("Jourdan" or the "Company")


                                Sale of Property


Jourdan has today announced that it has sold its 42,000 ft2 long leasehold
factory in Andover, previously the manufacturing site for John Corby Ltd
("Corby"), the Group's trouser press business, with a leaseback agreement for
five years, breakable by the purchaser on 12 months' notice, The Board announced
in September 2005 that the Corby assembly lines had been moved to the Group's
manufacturing facilities at Peterlee and that the Andover site would be placed
on the market.


The Company will receive £1.0 million cash consideration (less expenses) for the
property, which will be used to further reduce Group borrowings.  Corby will
continue to operate its sales and administration functions from the site for the
time being.


Enquiries:


Jourdan plc                            01476 403456

David Abell, Chairman



Charles Stanley Seurities              020 7149 6000

Nominated Adviser

Russell Cook / Carl Holmes



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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