REG - Chesterfield Special - Property Lease Renewal

Chesterfield Special Cylinders HoldingsAnnouncement

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RNS Number : 1074D  Chesterfield Special Cylinders Hdgs  06 May 2026

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation (2014/596) which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, ("MAR"), and is disclosed in accordance
with the Company's obligations under Article 17 of MAR. Upon the publication
of this announcement via a Regulatory Information Service, this inside
information will be considered to be in the public domain.

 

6 May 2026

 

Chesterfield Special Cylinders Holdings plc

(the "Company")

Property Lease Renewal

Chesterfield Special Cylinders Holdings plc (AIM: CSC) is pleased to announce
that it has successfully renewed the lease on three acres of land adjacent to
its existing freehold site in Sheffield, with effect from today, resulting in
a material change to the value of property assets on the Company's balance
sheet.

At the end of September 2025, the remaining leasehold term was less than
twenty years and the net book value of the Company's land and building assets
was £2.6 million.

The new 125-year lease provides long-term security for the Company's
manufacturing operations and results in a revised valuation of the Company's
land and building assets of £4.9 million. Details of the new lease and the
revised asset valuation will be included as a post balance sheet event in the
Company's FY26 interim results statement.

Additional information:

The person responsible for arranging release of this announcement on behalf of
the Company is Chris Walters, Chief Executive.

For further information, please contact:

 Chesterfield Special Cylinders Holdings plc    Tel: 0333 015 0710

 Chris Walters, Chief Executive                 company.secretary@csc-holdings.com (mailto:company.secretary@csc-holdings.com)

 Sally Millen, Director of Finance
 Singer Capital Markets (Nomad and Broker)      Tel: 0207 496 3000

 Rick Thompson / Peter Steel / Carl Diebitsch

COMPANY DESCRIPTION

www.csc-holdings.com (http://www.csc-holdings.com/) and
www.chesterfieldcylinders.com (http://www.chesterfieldcylinders.com)

Chesterfield Special Cylinders is a world-leading designer and manufacturer of
high-pressure gas storage and transportation systems, used principally in
safety-critical defence and hydrogen energy applications, and provides
inspection, testing and recertification services throughout the system
lifecycle.

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