South African Prop. - Emberton Transaction London Stock Exchange
RNS Number : 9875C
South African Property Opps PLC
23 January 2015
 

23 January 2015

 

South African Property Opportunities Plc (the  "Company")

 

Emberton Transaction

 

The Board of Directors of South African Property Opportunities Plc is pleased to announce that the Company has concluded a sale of the subsidiary company owning the assets of the Emberton Project. The total sales proceeds of ZAR39million will be received over five (5) payments with the first payment of ZAR9million commencing on 28 February 2015 and four subsequent tranches ending in August 2016.   The purchase price is 2.5% below the current carrying value of the property (ZAR40million).

 

For further information please contact

Paul Fincham                          +44 (0) 20 7886 2713

Robert Naylor                          +44 (0) 20 7886 2714

Panmure Gordon

 

Ian Dungate/David Parnell      + 44 (0) 1624 692600

Galileo Fund Services Limited

 

 

 


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