Public Service Properties Inv Ltd Update on sale (0337W)

TIDMPSPI

RNS Number : 0337W

Public Service Properties Inv Ltd

22 April 2016

22 April 2016

Public Service Properties Investments Limited

("the Company")

Update on the disposal of three properties in Germany - conditional contracts

On 10 March 2016 the Company announced that it had exchanged conditional contracts to dispose of its three remaining properties leased to the Marseille Kliniken Group for an aggregate gross price of EUR10.0 million. The sales were conditional on the re-registration of the properties in the appropriate land registry and after registration of charges in favour of the purchasers' lender. The Company is pleased to report that all of the conditions have been met and the transactions have closed.

An announcement on a further return of capital to shareholders will be made in due course.

For further information please visit www.pspiltd.com or call:

 
 Dr. D. Srinivas       Ben Mingay               Tom Griffiths 
  Ralph Beney           Sylvester Oppong         Henry Willcocks 
 
 
  RP&C International    Smith Square Partners    Stockdale Securities 
  (Asset Manager)       (Financial Adviser)      (Nomad and 
  020 7766 7000         0203 696 7260            Broker) 
                                                 020 7601 6100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 22, 2016 03:16 ET (07:16 GMT)