REG - Caffyns PLC - Acquisition of Property <Origin Href="QuoteRef">CFYN.L</Origin>

CaffynsAnnouncement

19/10/2016 16:00

RNS Number : 9841M
Caffyns PLC
19 October 2016
Caffyns PLC
Acquisition of Property
19 October 2016
Caffyns plc (the "Company") announces that it has acquired a parcel of land, approximately 2.1 acres, in Ashford, Kent (the "Land"). Total consideration for the Land is 1.125 million in cash which will be satisfied from the Company's existing bank facilities.

The Land adjoins the Company's current operations in Ashford and is intended to be used to further expand its existing used car operation, Caffyns Cars.


Enquiries:
Simon Caffyn, Chief Executive
Mike Warren, Finance Director
Telephone: 01323 730201

This information is provided by RNS
The company news service from the London Stock Exchange
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