REG - Braime Group PLC - Warehouse Update

BraimeAnnouncement

24/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220224:nRSX6314Ca&default-theme=true

RNS Number : 6314C  Braime Group PLC  24 February 2022

BRAIME GROUP PLC

 ("Braime" or the "Company" and with its subsidiaries the "Group")

 

Warehouse Update

 

On 18 August 2021, the Company announced that as part of the Company's wider
strategy to enhance its freehold property at Hunslet Road (Leeds) the Group
were redeveloping the rear of the property and incorporating a new
climate-controlled warehouse extension for use by its CNC chain cell
operations, improving dispatching areas for its manufacturing division, and
additional parking facilities.  The anticipated completion date for this was
around the end of 2021.

 

The Company confirms that in the course of construction the builders have
encountered an unmarked well which has caused delays to the works. Completion
of the warehouse is now expected to be the summer of 2022.

 

Any additional overrun of costs is anticipated to come from existing cash
resources.

 

For further information please contact:

 

Braime Group PLC

Nicholas Braime/Cielo Cartwright

0113 245 7491

 

W. H. Ireland Limited

Katy Mitchell

0113 394 6628

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBKNBPFBKDBBB