Brief: Northamber Sells Warehouse Facility For 16.4 Mln Stg

Northamber

01/07/2019 14:05

July 1 (Reuters) - Northamber PLC  NAR.L :
    * SALE OF WAREHOUSE FACILITY FOR £16.4 MILLION
    * EXCHANGED CONTRACTS ON SALE OF WAREHOUSE FACILITY LOCATED
IN
WEYBRIDGE TO OXW CATALINA LIMITED WITH CONSIDERATION TO BE PAID
IN CASH
    * PROCEEDS OF SALE WILL BE USED FOR GENERAL WORKING CAPITAL
PURPOSES IN SUPPORT OF COMPANY'S STRATEGY
    * AS PART OF SALE, OXW HAS AGREED TO A TWO-YEAR LEASEBACK OF
WAREHOUSE TO NORTHAMBER, AT A COST OF £175,000 PER ANNUM

Source text for Eikon:  ID:nRSA0396Ea 
Further company coverage:  NAR.L 

 ((Reuters.Briefs@thomsonreuters.com;))