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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sports Cafe | LSE:SCA | London | Ordinary Share | GB0030612864 | 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% | 2.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:6878A
Sports Cafe Holdings plc
23 July 2007
For Immediate Release 23 July 2007
Sports Cafe Holdings plc ("Sports Cafe" or the "Company")
Sale and Lease back of Sports Cafe site, Birmingham
Sports Cafe, the owner and operator of the Sports Cafe chain of leading licensed
Sports Entertainment Venues, announces that it has exchanged contracts for the
sale and leaseback of 240 Broad Street, Birmingham for a consideration of #4.4
million (net #4.3m). This follows the review of its strategy and financing
options for future growth announced in January this year.
Its operating company Sports Cafe Birmingham Ltd has entered into a 25-year
lease in respect of the above property at a commencing rent of #275,000. The
sale price represents a yield of 6.25%.
For further information:
Sports Cafe Holdings Plc Tel: 020 7839 3377
Peter Marks/Paul Wright
Teather & Greenwood Tel: 020 7426 9000
Mark Dickenson
Buchanan Communications Tel: 020 7466 5000
Charles Ryland/Rebecca Skye
Dietrich
This information is provided by RNS
The company news service from the London Stock Exchange
END
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