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WSP Wynnstay Properties Plc

690.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wynnstay Properties Plc LSE:WSP London Ordinary Share GB0009842898 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 690.00 670.00 710.00 690.00 690.00 690.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Lessors Of Real Property,nec 2.31M 1.14M 0.4235 16.29 18.61M

Wynnstay Properties PLC Trading Update (1366J)

27/03/2018 4:37pm

UK Regulatory


Wynnstay Properties (LSE:WSP)
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From Apr 2019 to Apr 2024

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TIDMWSP

RNS Number : 1366J

Wynnstay Properties PLC

27 March 2018

WYNNSTAY PROPERTIES PLC

("Wynnstay" or "the Company")

Trading Update

27 March 2018

Following the Company's financial year-end on 25 March 2018 Wynnstay provides a trading update ahead of the announcement of its financial results on or about 14 June 2018.

Wynnstay's independent valuers have revalued the Company's investment properties at 25 March 2018 to GBP30,070,000. This represents an increase of GBP1,631,000 over the book value at 25 March 2017 (adjusted for disposals) and equates to approximately 60 pence per share.

This significant increase in value is a result of the successful negotiation of several important lease extensions, lease renewals and rent reviews during the period. These positive outcomes have further enhanced the lease profile and future income stream of the portfolio

The increase in the property valuation, together with anticipated and actual profits on disposal of investment properties and trading profits is expected to result in an increase in net asset value per share from 25 March 2017 of approximately 100 pence per share. All figures quoted are subject to audit.

This announcement contains inside information for the purpose of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

Enquiries:

Wynnstay Properties PLC

Toby Parker - Finance Director - 020 7554 8769

Nominated Adviser and Broker

Panmure Gordon (UK) Limited Andrew Potts - 020 7886 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTSELFIWFASEDD

(END) Dow Jones Newswires

March 27, 2018 11:37 ET (15:37 GMT)

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