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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
M&L Property | LSE:PHU | London | Ordinary Share | GB00B0YMRZ51 | 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% | 23.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Asset Manager's Update - Loan Facility
M&L Property & Assets Plc (the “Company” or “Group”)
Loan Facility & Property Sales
Further to the Company's announcement on 5 October 2015, the Group has sold a further three properties at a sales price of €843,029 (after deducting all sales commission and tax). The funds received from these sales (before deducting agency fees) were €43,159 less than the balance sheet value of these properties.
€284,492 of the sales proceeds have been applied against the loan to the Company from M & M Investment Company plc.
The loan owing to M & M Investment Company plc (and any associates) has now been repaid in full.
The Company's annualised income (including rent) is currently around €445,000.
For further information, please contact:
Asset Manager:
M & L Capital Management Limited
Tel: +44 (0) 20 7584 5733
Nominated Adviser:
Liam Murray/Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0) 20 7148 7900
Copyright r 21 PR Newswire
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