Disposal
07 August 2002 - 10:10AM
UK Regulatory
RNS Number:6419Z
Gaskell PLC
07 August 2002
Issued by Citigate Dewe Rogerson Limited, Birmingham
Date: Wednesday 7 August 2002 Embargoed: 7.00am
Gaskell PLC ("Gaskell" or "the Group")
Property Disposal
The Board of Gaskell is pleased to announce that yesterday it exchanged
contracts for the sale of its vacant Rhoden Mill site, based in Oswaldtwistle to
Dasmin Developments Limited for cash consideration of #0.5 million, which is
approximately equal to the book value.
Completion is conditional upon the demolition of the building being finalised.
It is expected that completion will take place on 30 August 2002.
The proceeds from the disposal will be used to reduce the Group's borrowings.
Enquiries:
Gerry Wheeler, Chief Executive Alan Cooke, Account Manager
Richard Hopkin, Group Finance Director Katie Dale, Account Executive
Gaskell PLC Citigate Dewe Rogerson
Tel: 01282 777890 Tel: 0121 455 8370
This information is provided by RNS
The company news service from the London Stock Exchange
END
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