REG - Dewhurst Group PLC - Property Purchase

DewhurstAnnouncement

31/01/2025 13:15

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RNS Number : 5034V  Dewhurst Group PLC  31 January 2025

Dewhurst Group PLC

 

("Dewhurst" or the "Group")

 

Property Purchase

Dewhurst Group plc (AIM: DWHT), the global manufacturer and supplier of
quality components to the lift, transport and keypad industries, announces
that it has today acquired the existing site of its A&A Electrical
Distributors Ltd ('A&A') business from the trustees of the A & A
Electrical Distributors Ltd Retirement Benefit Scheme ("Vendor") (together the
"Purchase"). The consideration for the Purchase was £7.0m, payable in cash
immediately.

The property acquired is based in South Woodford, East London, and comprises
the site that A&A have historically leased from the Vendor for A&A's
normal course of trading, plus two other small adjoining units.

There are no profits or losses attributable to the assets which have been
acquired, and the Purchase secures A&A's continued use of the site for the
long term.

For further enquiries:

Contacts:

 

 Dewhurst Group Plc                                            Tel: +44 (0)208 744 8200
 Richard Dewhurst, Chairman

 Jeremy Dewhurst, Chief Financial Officer

 www.dewhurst-group.com (http://www.dewhurst-group.com/)

 Singer Capital Markets (Nominated Adviser and Sole Broker)    Tel: +44 (0)207 496 3000
 Rick Thompson / Alex Bond

 

 

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