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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Safeland | LSE:SAF | London | Ordinary Share | GB0007667008 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.50 | 30.00 | 45.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMSAF
RNS Number : 4114W
Safeland PLC
07 November 2014
Safeland plc ("Safeland" or the "Company")
Further Update re Chandos Tennis Club
Further to its announcement of 14 May 2014, Safeland is pleased to announce that, planning consent having been obtained, it has sold the Chandos Tennis Club to a prominent housebuilder to develop the site. The consideration payable comprises GBP4.0 million in cash, which has been received, and the balance will be satisfied by way of the transfer to Safeland of four detached houses (valued by the Company's directors in aggregate at GBP9.2 million) in the completed development.
The development is expected to be completed, and these houses are anticipated to be transferred to the Company, in June 2017. The potential additional overage payments referred to in the announcement of 14 May may still be payable to Safeland on completion of the development.
The cash consideration received will be used to redeem bank debt secured on the property.
Contacts:
Larry Lipman
Managing Director, Safeland Plc T: 020 8815 1600
Tom Griffiths
Westhouse Securities Limited T: 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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