REG - Conygar Investmnt Co - Sale of land at Rhosgoch

Conygar Investment CoAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251027:nRSa8346Ea&default-theme=true

RNS Number : 8346E  Conygar Investment Company PLC(The)  27 October 2025

 

 

 27 October 2025

THE CONYGAR INVESTMENT COMPANY PLC

Sale of land at Rhosgoch

The Conygar Investment Company PLC ('Conygar') announces that it has
unconditionally exchanged contracts to sell its 203 acre brownfield land
holding at Rhosgoch in Anglesey to Rhosgoch Property Ltd, a wholly owned
subsidiary of Stena Line (UK) Ltd.  Completion will follow in 10 working
days.

The sale price is £18.5 million in cash and the net proceeds of £18.3
million will be used to fully repay the £5.6 million ASK Partners loan
secured against the 36 acre Island Quarter site in Nottingham City Centre. The
remaining cash will be used for the Group's ongoing operations and working
capital, primarily at The Island Quarter. The Group will record a profit of
£15.8 million from the transaction based on the March 2025 accounts valuation
of £2.5 million. The asset did not generate a profit or loss for Conygar in
the last financial year.

Freddie Jones, Property Director commented:

"We are delighted to have completed the sale of this asset to Stena and to
continue our strong working relationship with them".

The information contained within this announcement is deemed by the Group to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.

Enquiries:

The Conygar Investment Company PLC

Freddie Jones / Robert Ware: 020 7258 8670

Panmure Liberum (Nominated Adviser and Broker)

Chris Clarke / Jamie Richards: 020 3100 2185

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

Sam Livingstone: 07769 655437

 

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  DISFLFIAIALSFIE



            Copyright 2019 Regulatory News Service, all rights reserved