User notice: We are aware of the issues affecting the Portfolio page. Our developers are working to resolve the problem as soon as possible. We apologise for the inconvenience.

[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Pipehawk Plc LSE:PIP London Ordinary Share GB0003010609 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 4.65% 22.50 22.00 23.00 23.00 21.50 21.50 450,355 16:19:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 6.7 0.1 1.5 15.0 7

PipeHawk PLC New lease agreement

30/09/2021 3:29pm

RNS Non-Regulatory


TIDMPIP

PipeHawk PLC

30 September 2021

Reach - non regulatory announcement

30 September 2021

PipeHawk plc

("PipeHawk", "Company" or the "Group")

New lease agreement

PipeHawk is pleased to announce that its subsidiary Thomson Equipment Design Limited ("TED") has concluded its negotiations and has signed a ten-year lease for two modern adjacent open space buildings in Cinderford (together the "New Premises") at an annual rental of GBP90,635 (with the first 12 months' rent free). The New Premises comprise approximately three times the available floor space as compared with TED's existing premises.

Gordon Watt, Chairman of PipeHawk, commented : "This is an exciting next phase in the development of TED, where we are able to retain all the expert and loyal staff at TED, and move them and the business into a much more efficient and spacious working environment. Since 31 December 2020 TED has steadily increased its factory-based work force by 20%; both the orders and enquiries pipelines are significant and growing. We are also currently looking to recruit a further 40% engineering staff in the near future."

Enquiries:

 
 PipeHawk Plc                         Tel. No. 01252 338 959 
  Gordon Watt (Chairman) 
 Allenby Capital (Nomad and Broker)   Tel. No. 020 3328 5656 
  David Worlidge/Vivek Bhardwaj 
 

Notes to Editors

   For further information on the Company and its subsidiaries, please visit:   www.pipehawk.com 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, UK MAR or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAURUSRAVUKOAR

(END) Dow Jones Newswires

September 30, 2021 10:29 ET (14:29 GMT)

1 Year Pipehawk Chart

1 Year Pipehawk Chart

1 Month Pipehawk Chart

1 Month Pipehawk Chart
ADVFN Advertorial
Your Recent History
LSE
PIP
Pipehawk
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220119 01:15:10