Brief: Panther Securities Completes Sale Of Its Freehold Interest In Wimbledon Studios

Panther Securities

11/07/2018 18:16

July 11 (Reuters) - Panther Securities Plc  PNS.L :
    * TRADING UPDATE INCLUDING PROPERTY DISPOSAL
    * EXCHANGED AND COMPLETED ON SALE OF ITS FREEHOLD INTEREST
IN
WIMBLEDON STUDIOS FOR £18.8 MILLION
    * FREEHOLD INTEREST WAS SOLD TO A NOMINEE OF SCOTTISH WIDOWS
PROPERTY AUTHORISED CONTRACTUAL SCHEME
    * CONSIDERABLE FUNDS FROM SALE OF WIMBLEDON STUDIOS AND
OTHER
PROPERTY SALES OUTLINED ABOVE WILL BE USED PARTLY TO PAY DOWN
DEBT
    * ENTERED INTO A TEN-YEAR FIXED RATE INTEREST SWAP
AGREEMENT, WITH
A £25 MILLION NOMINAL VALUE WHICH COMMENCES ON 1 DECEMBER 2021

Source text for Eikon:  ID:nRSK3170Ua 
Further company coverage:  PNS.L 

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