Braime (T.F.& J.H.) - Disposal
19/10/2015 14:09
RNS Number : 7076C
Braime (T.F.& J.H.) (Hldgs) PLC
19 October 2015
T.F. & J.H. BRAIME (HOLDINGS) P.L.C.
("Braime" or the "Company")
Disposal Completion
The Company can confirm, following on from the announcement dated 16 April 2015, that its subsidiary, Braime Pressing Limited completed the sale agreement with Leeds Advanced Manufacturing UTC Limited ("LAM") disposing of approximately 1.18 acres of warehousing space and car park for a consideration of 855,000, plus a contribution to "associated works" of 295,000 (the "Disposal").
The sale proceeds are being invested by the Company in relocating and upgrading the existing warehouse and logistics functions which will enhance the future operating efficiency of the company. This project is now well advanced.
The Company looks forward to working with the new advanced engineering UTC College which is scheduled to open in autumn 2016.
For further information please contact:
Nicholas Braime
0113 245 7491
W. H. Ireland Limited
Katy Mitchell LLB
0113 394 6628
This information is provided by RNS
The company news service from the London Stock Exchange
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