REG - MJ Gleeson Plc - Strategic Land Update <Origin Href="QuoteRef">GLEG.L</Origin>

MJ GLEESONAnnouncement

16/07/2015 13:31

RNS Number : 7915R
MJ Gleeson PLC
01 July 2015
1 July 2015
MJ GLEESON PLC
GLEESON STRATEGIC LAND - UPDATE
MJ Gleeson plc (GLE.L) has unconditionally exchanged on the sale of an 18 acre site in Staffordshire, which has planning permission for the development of 140 homes. 
Whilst completion will occur in the next financial year,there are no conditions to satisfy prior to completion and, accordingly, the sale will be recognised in the current financial year ending 30 June 2015.
The Board now expects the results for the financial year to be ahead of its expectations at the time of its last announcement on 22 June.
A trading update for the year to 30 June 2015 will be issued on Friday 3 July.
Enquiries:
MJ Gleeson plc
Tel: +44 1252 360 300
Jolyon Harrison
Chief Executive Officer
Alan Martin
Chief Financial Officer
Instinctif
Tel: +44 20 7457 2020
Mark Garraway
Helen Tarbet
James Gray
Notes to Editors
MJ Gleeson plc operates in the house building sector through the following business units; Gleeson Homes, which focuses on estate regeneration and housing development on brownfield land in the North of England; and Gleeson Strategic Land, which purchases options over land in the South of England with the objective of enhancing the value of the site concerned by securing residential planning permission.

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