Property Disposal Update

Built Cybernetics

05/07/2024 16:25

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RNS Number : 3803V  Aukett Swanke Group PLC  05 July 2024

 

5 July 2024

 

Aukett Swanke Group Plc

("Aukett Swanke", the "Company," "ASG", or, together with its subsidiaries,
the "Group")

Property Disposal Update

 

Aukett Swanke (AIM: AUK), the Architecture and Smart Buildings Group, is
pleased to provide the following update.

On 24 June 2024, the Group announced that its subsidiary Torpedo Factory Group
Limited ("TFG") had exchanged contracts, conditional upon a satisfactory
valuation, for the sale of The Old Torpedo Factory in west London at a price
of £2.5 million plus VAT. That valuation has now been received and
accordingly the parties have agreed that exchange is now unconditional. TFG's
lawyers hold a £250,000 deposit on behalf of the buyer pending completion,
which is due to occur in September 2024. Further updates will be provided as
appropriate.

 

Contacts

Aukett Swanke Group
Plc
+44 (0) 20 7843 3000

Clive Carver,
Chairman

Nick Clark, Chief
Executive
 

 

Strand Hanson Limited, Financial and Nominated Adviser
                          +44 (0) 20 7409 3494

Richard Johnson, James
Bellman

 

Zeus Capital Limited,
Broker
+44 (0) 20 3829 5000

Simon Johnson, Louisa Waddell

 

Investor/Media
+ 44 (0) 7979 604 687

Chris Steele

 

About Aukett Swanke Group plc

Aukett Swanke Group has a strong foundation in architectural services and is
on a transformative journey to become a London-listed provider of Smart
Buildings and related services. ASG are uniquely positioned to ensure the
technical systems that run modern premises are designed as an integral part of
the structure, from the outset.

For more information go to https://www.aukettswankeplc.com
(https://www.aukettswankeplc.com)

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

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